Practice Management

Accounting Today and Best Companies Group have announced their list of the 2012 Best Accounting Firms to Work For, highlighting the top workplaces in the accounting profession.

Taxpayer information may be a risk of unauthorized disclosure and misuse when tax professionals electronically submit power of attorney forms (Form 2848), according to the Treasury Inspector General for Tax Administration.

With the presidential candidates arguing over lowering taxes and cutting spending, the Congressional Research Service has weighed in with a historical analysis that claims that reducing tax rates for the highest-income taxpayers does not promote growth.

Taxpayers who are still recovering from the economic downturn will get at least some relief in 2013 by way of the mandatory upward inflation-adjustments called for under the tax code, according to CCH.

The Internal Revenue Service has proposed new regulations governing practice before the agency, including written tax advice and "covered opinions" by practitioners.

The U.S. Treasury Department said Friday that it has signed a bilateral agreement with the United Kingdom to implement information reporting and withholding tax provisions under the Foreign Account Tax Compliance Act, or FATCA, allowing the two governments to share information about taxpayers from the U.S. and U.K.

With more than 127 million personal information records exposed in 2011, identity theft has led to a flood of fraudulent tax filings, and tens of thousands of honest taxpayers are now subjected to delays in their legitimate refund claims, according to the Internal Revenue Service.

Epicor Software Corporation has agreed to acquire midmarket enterprise resource planning and management systems product maker Solarsoft Business Systems from Marlin Equity Partners.

Valuations LLC, a company that provides free and low-cost business valuations for business owners, has introduced ProValuation, Web-based software designed for accountants, business brokers, and financially sophisticated business owners that allows them to output detailed business appraisals in either PDF or Microsoft Word format

A pair of financial firms that were located in the same building in Bedford, Mass., have decided to merge.