Practice Management

The leaders of Congress’s two main tax-writing committees kicked off their national tax reform tour Monday with meetings at two businesses in the Twin Cities area.

The National Association of Professional Employer Organizations has grown in membership, revenue and clout since its inception in 1984 .

A campaign finance scandal has led Bazilio Cobb Associates to spinoff its assurance practice to BCA Watson Rice LLP.

The Swiss government announced a new approach allowing banks to hand over data to U.S. authorities in a bid to solve a dispute over undeclared assets and forestall further indictments by the Department of Justice.

Paul Dunn, chairman of the business giving organization Buy1GIVE1 and founder of Results Accountants' Systems and the Accountants' Boot Camp process, talks with Accounting Today senior editor Danielle Lee at the Practitioners Symposium and Tech+ Conference about how firms can create an inspiring environment that attracts managers, staff and clients to join the business.

The Internal Revenue Service has proposed tax relief for money market fund investors in response to concerns about proposed reforms from the Securities and Exchange Commission in the money market industry that could trigger so-called “wash sale’ tax rules.

Rep. Bill Posey, R-Fla., has written a letter to Treasury Secretary Jack Lew questioning regulations that would require U.S. banks and credit unions to collect and report information on nonresident aliens, urging him to cease enforcement of the Foreign Accounting Tax Compliance Act, or FATCA, and stop negotiating intergovernmental agreements with other countries for FATCA enforcement.

The Internal Revenue Service reminded taxpayers and tax preparers that it would be closed Friday, July 5, due to the current budget situation, including the sequester, but filing and payment deadlines remain unchanged.

The National Taxpayer Advocate submits two annual reports to the Ways and Means Committee and the Senate Finance Committee each year.

BDO USA LLP has named CCH as the primary research provider for its professionals nationwide.