Practice Management

New products, channel exec hires, VAR program additions, and insights from our top consulting experts. Who keeps track of it all? That would be me and here's my take on it for this week.

Pennsylvania Governor Tom Corbett has signed into law a measure that will allow more practical, broad-based professional experience to fulfill the requirements for getting a CPA license.

SAP has signed the first financial services-focused reseller to its Master VAR Program with the inclusion of Sita Corp., which primarily represents SAP products for the financial services and banking industry.

Staffing is among the top management issues facing CPA firms, according to a recent survey by Sageworks, a financial information company. That’s not surprising, considering many firms are experiencing a staffing crisis as they lose significant percentages of top staff.

A group of lawmakers from the tax-writing House Ways and Means Committee have written a letter to Treasury Secretary Jack Lew urging the Internal Revenue Service to back off of a proposed rule change modifying the retail inventory method of accounting, which retailers fear could cost them millions of dollars a year.

A married pair of New Jersey tax preparers have been charged with tax fraud, with the wife arrested at her home, while the husband remains at large.

VAR veteran Terry Petrzelka, now a valued advisor and consultant to vendors and resellers discusses the top concerns for accounting technology consultants in this monthly Q&A series

Italian fashion designers Domenico Dolce and Stefano Gabbana, founders of the Dolce & Gabbana couture business, were sentenced by an Italian court to a 20-month suspended prison sentence and a steep fine of approximately $670,000 for tax evasion.

The House Financial Services Committee has unanimously passed legislation prohibiting the Public Company Accounting Oversight Board from mandating the automatic rotation of a public company’s independent external auditor.

The IRS Electronic Tax Administration Advisory Committee's 2013 Annual Report to Congress recommends that the IRS work more closely with tax preparers, accountants and others to pursue its goal of improving compliance electronically.