Practice Management

The worst is over for accounting firms, said Allan D. Koltin, chief executive of Koltin Consulting Group, in his keynote address at the Thomson Reuters Users’ Conference for Professional Tax & Accounting Firms.

The Internal Revenue Service has opened a new telephone help line for questions about foreign bank account reports.

Commissioner Doug Shulman has presided over the continued reorganization and modernization of the Internal Revenue Service since March 2008.

The Senate failed to advance an infrastructure jobs bill Thursday that would have been paid for through higher taxes on millionaires.

Nanavaty, Nanavaty & Davenport LLP, a CPA and business advisory firm based in Newtown, Conn., has merged in Ronald C. Chickering’s CPA firm, effective Nov. 1.

Wild, Maney & Resnick LLP has merged Stephen W. Irwin & Company CPAs into its firm in Long Island, effective Nov. 1.

The Internal Revenue Service has issued a notice exempting enrolled retirement plan agents from obtaining a Preparer Tax Identification Number if they only prepare Form 5300 and 5500 series returns.

A group of Democrats on the tax-writing House Ways and Means Committee has introduced a bill to extend federal unemployment insurance through 2012 and provide tax relief to employers in states with outstanding UI loans.

Cloud accounting and finance education and advocacy are the goals behind the newly formed Cloud Accounting Institute, a group launched by Microsoft Dynamics GP and Intacct reseller and CPA Lindy Antonelli.

All-female CPA firm Domachowski Kempisty & Salvatore has joined Tronconi Segarra & Associates, offering a new option for companies seeking a larger regional CPA firm in the upstate New York area.