Practice Management

Sikich LLP has signed a letter of intent to merge with Brookfield, Wis.-based public accounting and consulting firm Kolb+Co.

Competition is mounting for accountants from similar service providers that are cannibalizing key clients.

In honor of Small Business Week, the IRS is offering two webinars for small-business owners.

The Internal Revenue Service plans to develop more guidance and training materials to inform taxpayers and tax preparers of the tax compliance risks associated with using virtual currencies like Bitcoin and “Linden dollars.”

A modest array of product announcements and partnerships came through last week yet did little to overshadow the larger, tech-related themes of interest to accounting and consulting professionals coming out of the 2013 AICPA Practitioners Symposium and TECH+ Conference.

The International Consortium of Investigative Journalists created a database of users of international tax havens over the weekend, and the group reported Monday that database received 2 million page views in its first 24 hours of operation.

Sen. Rob Portman, R-Ohio, and Rep. Charles Boustany, R-La., have introduced legislation aimed at allowing Enrolled Agents to present themselves as such and tout their credential wherever they practice.

The National Society of Accountants has met with officials at the Internal Revenue Service to try to persuade the IRS not to close down its Disclosure Authorization and Electronic Account Resolution e-Services.

For anyone evaluating the principles of the new service organization controls (SOC), particularly SOC 2, BrightLine CPAs & Associates principal and SOC reporting practice leader Greg Miller describes the five key principles and how to select the right one.

Practitioners who have clients with overseas accounts should alert them now that the FBAR (Foreign Bank and Financial Accounts Report) form must be received by the Department of Treasury no later than June 28 this year. Although the actual due date is June 30, this year it falls on a Sunday and there is no extension of the due date when it falls on a weekend.