Practice Management

A pair of influential senators are looking into the activities of a tax-exempt charity for disabled veterans after questions were raised about whether the group is actually spending the millions of dollars it has collected to help disabled veterans.

The Senate Judiciary Committee has approved bipartisan legislation that would modify the Chapter 11 bankruptcy process to help small companies remain in business and preserve jobs.

A bipartisan group of lawmakers has introduced a Senate bill to spark the creation of startup businesses, with tax breaks and visa opportunities for foreign students, foreign-born entrepreneurs and immigrant employees.

With tax season finally over, you can see the light.

Cloud accounting service Xero has purchased practice management suite provider WorkFlowMax, effectively adding tools for accountants to track leads, jobs, invoices and time.

The Congressional Budget Office has issued a report warning that the economy could slip into a recession unless policymakers decide what to do about the steep tax increases and spending cuts that are scheduled to take effect next year.

The Internal Revenue Service plans to shed more than 1 million square feet of office by closing 43 of its smaller offices and consolidating other offices.

Custom communications services developer R. R. Donnelley & Sons Co. has signed a definitive agreement to acquire Edgar Online, a financial data, analytics and disclosure management services provider, for approximately $70.5 million.

Two of the largest accounting firms in the U.S., J.H. Cohn LLP and Reznick Group P.C., said Tuesday they plan to merge in September.

Now that tax season is safely out of the way, it's a good time to examine how to make it better next year.