Practice Management

The Internal Revenue Service has released the first update in five years to its estimates of the tax gap and found that the effort to reduce the amount of unpaid taxes owed by taxpayers has essentially not worked.

Eide Bailly plans to merge with Wipfli in June to create one of the largest accounting and consulting firms in the U.S., with annual revenue of more than $314 million and 2,327 partners and associates.

CPA and business advisory firm Weaver has expanded its reach in the San Antonio market, merging in local firm John R. Hannah & Co.

The Internal Revenue Service has extended innocent spouse relief to a greater number of taxpayers under newly proposed guidelines.

The Internal Revenue Service has increased its audits of taxpayers at upper-income levels.

With individual filing season underway, it’s questionable how many taxpayers are aware of their use tax obligations, and actually track their Internet purchases during the year in order to accurately report and pay them.

The Internal Revenue Service’s Office of Appeals is already making initial preparations to deal with appeals from taxpayers as a result of various provisions of the health care reform law that are scheduled to take effect in the years ahead.

The Chartered Institute of Management Accountants could eventually merge with the American Institute of CPAs, according to CIMA’s chief executive.

Sage and Deltek reseller and technology consultant BCS ProSoft has purchased the Deltek Vision practice from Forepoint Inc., effectively growing its staff and customer base for the enterprise resource planning product.

BDO USA has expanded its New York and Los Angeles practices by adding six partners and 65 staff members from Salibello & Broder, effectively acquiring the firm.