Practice Management

In its strategy to expand its presence in the North/Northwest section of Houston, regional CPA and business advisory firm McConnell & Jones has acquired the practice of Adamson, Hood & Co.

A pair of reports from IRS advisory and watchdog groups outline a set of priorities for the agency, including remote work, uncertain tax positions and security.

The House overwhelmingly passed legislation repealing the 3 percent withholding mandate on government contractors, along with a tax credit for hiring veterans.

Fiducial Business Centers, a provider of tax, bookkeeping and financial planning services in the U.S. said it has acquired Springfield, Ill.-based Funeral Directors of America and Funeral Management Services, for undisclosed terms.

The November 23 deadline for Congress’s deficit reduction “supercommittee” is only about a week away and effectively a few days less.

The House Ways and Means Oversight Subcommittee held a hearing to discuss the relative unpopularity of the Small Business Health Tax Credit that is part of the health care reform law.

Grant Thornton LLP plans to begin emphasizing growth as its new “brand focus,” positioning the firm as an organization that can help business clients grow despite the challenges of today’s economy.

MNP, one of the largest chartered accounting and consulting firms, said it would merge in Williams McGuire AML—a large anti-money laundering firm, effective January 1.

The deficit reduction “supercommittee” in Congress appears increasingly unlikely to make any decisions on taxes before its impending deadline.

The Internal Revenue Service has issued a new revenue procedure that provides a safe harbor for Native American tribes to establish trusts for tribal members who are minors or legally incompetent for the distribution of gambling revenues under the Indian Gaming Regulatory Act.