Practice Management

This issue of Generational Viewpoints features two individuals from Kennedy and Coe llC (www.kcoe.com), a Salina, Kan.-based top 100 firm with over 200 professionals. Generation X member Jeff Wald, born in 1972, and Baby Boomer chief executive Kurt Siemers, born in 1948, shared their responses to the following question:

When Elizabeth Taylor died last year, she left a legacy of iconic movie performances, philanthropy, and lots and lots of diamonds. It was among these incredible baubles at Christie's auction house, where they have since been sold for astronomical sums, that members of global women's network 85 Broads convened to ask the popular question: Where are all the women?

Year-end planning is now behind us. Many believe that the failure of the joint congressional committee to reach a deficit reduction agreement pushes fundamental tax reform off at least until after the 2012 elections. Some tax changes are still possible with respect to jobs promotion and extending expiring provisions, but those efforts will be primarily focused on 2012. So, what do we know now about what is new for the 2011 tax return filing season?

COLORADO

IRS E-FILING SYSTEM REMAINS ERROR-PRONE

There are more than 60 tax provisions that expired at the end of 2011, according to the Joint Committee on Taxation.

Hayashi & Wayland Accounting & Consulting announced the acquisition of full-service CPA firm Snyder Accountancy, headquartered in Monterey, Calif., with a satellite office in Salinas, Calif., effective Jan. 1, 2012.

McPherson, Kan.-based accounting firm Swindoll, Janzen, Hawk & Loyd announced the acquisition of Hutchinson, Kan., firm BSE, effective Jan 1, 2012.

IMGCAP(1)]Job creation! More U.S. exports! Reduce taxes!

Better controls are needed to ensure tax preparers filing electronically are complying with new preparer regulations, according to a report released Thursday by the Treasury Inspector General for Tax Administration.