Practice Management

CPA and business advisory firms Bartolomei Pucciarelli and Ballezzi & Associates have merged, effective immediately.

Now that the payroll tax cut extension is safely out of the way, the latest tax legislation gambit in Congress appears to be a tongue-in-cheek effort to provide an annual $250 tax deduction for people with mustaches.

The American Institute of CPAs told the Internal Revenue Service Oversight Board at a hearing Tuesday that the IRS needs to improve its correspondence audit program to lessen the burden on taxpayers.

Less than a week after calling off a planned merger with Eide Bailly, Wipfli said Tuesday that the partners and associates of Wisconsin-based Tobin & Associates have joined the firm.

The Financial Crimes Enforcement Network is allowing some extensions and exemptions to its new requirements that all FineCEN reports be filed electronically starting July 1, 2012, while pushing back the requirement for mandatory e-filing of FBAR reports until June 30, 2013.

Forensic accountants must perform their services with the utmost professionalism, whether they have been hired by a trustee to assist in the preservation of the remaining assets of a bankruptcy estate, or by a receiver to investigate potential financial malfeasance on behalf of a debtor company.

The Internal Revenue Service is taking steps to discourage tax preparers and other taxpayer representatives from dropping off completed tax returns at its local Taxpayer Assistance Centers instead of mailing or electronically filing them.

Boomer Consulting and Engineered Tax Services have teamed up to introduce The Specialty Tax Circle to help firms improve their growth and profitability by leveraging specialty tax services.

A Silicon Valley-based CPA is warning taxpayers and their accountants to begin planning for the tax increases that are set to take effect next year unless the current tax rates are extended by Congress and President Obama.

A new marketing blog, marketingideasforcpas.com, has been launched, offering strategies, tips and ideas for CPAs and accounting firms to effectively market their services.