Practice Management

A bipartisan group of lawmakers are seeking to make sure an extension of the deduction for state and local sales tax payments is included in the tax extenders package that is expected to come before Congress early next year.

The Internal Revenue Service has provided information to clarify the tax responsibilities of U.S. citizens and dual citizens living abroad in response to concerns from Canadians and expatriates from other countries about penalties that might be levied on their unpaid taxes and undeclared bank accounts.

MayerMeinberg LLP has expanded its Long Island-based firm by merging in Ackerman & Associates LLC in Rockville Centre, N.Y.

KPMG International said Monday that its member firms around the world achieved a total of $22.7 billion for the fiscal year ending Sept. 30, 2011.

Business assurance technology provider ACL Services Ltd. is expanding into the electronic work papers market with the acquisition of Workpapers.com.

McGladrey Technology Solutions, the technology services arm of the major CPA firm, has partnered with the American Institute of CPAs’ marketing arm, CPA2Biz, to identify and build integrated, add-on applications for CPA2Biz’s Web-based outsourced finance and accounting services technology.

The Tax & Accounting business of Thomson Reuters has acquired San Francisco-based Web design company Emochila for an undisclosed sum.

The Internal Revenue Service released on Friday the optional standard mileage rates that business taxpayers can use in 2012 to figure the deductible costs of operating a vehicle for business, charitable, medical or moving purposes, and for the most part they have not changed a great deal.

House Republicans introduced their version of a payroll tax cut extension bill on Friday, a day after competing Republican and Democratic versions of payroll tax cut legislation failed for the second time to advance in the Senate.

A pro-business lobbying group is disputing the claims in a recently released report that found some of the most profitable corporations avoiding billions of dollars in state taxes.