Practice Management

CPA and business advisory firm Henry & Horne has acquired the Phoenix-based practice of Mazza, Spero, Hougham & Schultz, effective November 1.

CPA wealth management firm Glass Jacobson merged in OneSource Financial Services of Montgomery Village, Md., on Tuesday.

The Internal Revenue Service has provided special transitional relief to banks and other payment settlement entities required under a 2008 law to begin withholding 28 percent of payments if they are unable to verify a taxpayer identification number for a retailer.

The Internal Revenue Service increased the number of fraudulent tax refund claims it detected and stopped during the 2011 tax-filing season by 171 percent over the previous year.

A federal judge has ruled against H&R Block to prevent the tax prep giant from moving forward with its $287.5 million acquisition of 2SS Holdings, whose 2nd Story Software unit develops TaxAct software, after the Justice Department objected to the deal.

BDO USA has added the six partners and more than 60 staff members of the San Antonio-based accounting firm Carneiro, Chumney & Co., effectively merging in the firm and expanding BDO’s presence in Texas.

Most accountants involved in tax preparation are already involved in financial planning, even though they might not realize it.

In an era of constantly changing tax laws where provisions expire annually and congressional tinkering is constant, the worker classification system - whether a worker should be treated as an employee or an independent contractor - has remained relatively unchanged for years. Yet that system has generated so much uncertainty that calls for reform have been continuous over the same period of time.

ALABAMA

Years ago I used to work for a guy named Mike. He was the chief financial officer at the company where we both worked, and I was his controller. Mike, if you're reading this, you know who you are. You were the ultimate CFO.