Practice Management

A group of millionaires visited the halls of Congress in an effort to convince lawmakers to raise tax rates on incomes of $1 million a year or more.

A 2008 Senate report estimated the costs of non-compliance by taxpayers using offshore bank accounts to be at least $100 billion annually.

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.