Practice Management

Alan Walther has moved up the ranks at The Bonadio Group to office managing partner in the firm’s Albany office. He previously served as partner in Bonadio’s Government, Compliance and Labor Division.

President Obama announced during a press conference late Wednesday afternoon that he had asked for and received the resignation of Acting IRS Commissioner Steven T. Miller, over the recently revealed news that the agency had been targeting for extra scrutiny the applications of Tea Party and similar groups for tax-exempt status.

The IRS has revealed additional details about what may be the first round of sequester-related the closures planned for May 24, June 14, July 5, July 22 and August 30 of this year.

The U.S. budget deficit will shrink by the end of fiscal 2013 to $642 billion, the smallest shortfall in five years, according to the nonpartisan Congressional Budget Office.

Victims of severe storms, straight-line winds, and flooding that began on April 16 in parts of Illinois may qualify for tax relief.

According to a newly released report, a Treasury Inspector General for Tax Administration audit found that “ineffective management” had led the Internal Revenue Service to use “inappropriate criteria” to identify applications for tax-exempt status for review, leading to Tea Party and similar organizations receiving undue scrutiny and delays in their applications.

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.

Attorney General Eric Holder ordered a criminal investigation into the Internal Revenue Service’s targeting of small-government advocacy groups for extra scrutiny.

The Marketplace Fairness Act, which the Senate passed last week, would require e-commerce vendors to collect sales taxes not only on physical items, but also on digital goods such as ebooks and music downloads.

New York State Attorney General Eric Schneiderman and the chairmen of some key legislative committees have proposed a major overhaul of state laws governing the nonprofit sector in the first major reforms in 40 years, including improved oversight of audits by the charity's board and the hiring of independent auditors.