Practice Management

President Obama used his weekly address to say it was necessary to raise taxes on the wealthy to help close the budget deficit.

An inmate in a New Jersey prison has pleaded guilty to scamming the Internal Revenue Service out of nearly $215,000 by recruiting his fellow prisoners and filing false tax returns for them.

Weaver LLP merged with the Midland, Texas, office of Killman, Murrell & Company, P.C., effective Friday.

Sage North America and Microsoft Dynamics reseller Britec Computer Systems Ltd. has merged with British Columbia-based Accpac VAR Empower Business Solutions Inc., the combination of which will add to Britec’s overall Accpac client base.

A New York accounting firm employee has admitted to defrauding clients of a payroll services company out of more than $3 million in tax money.

The Internal Revenue Service has selected 33 companies as prime contractors to provide information technology services over a 10-yer period.

Love was in the air at this year's Association for Accounting Marketing Summit in Chicago.

As if running a CPA firm didn't pose enough wrenching decisions for owners and managing partners on an almost daily basis, selecting a suitable framework for expansion has traditionally added to the litany of leadership headaches.

In March of this year, we devoted this column to the Internal Revenue Service's newly announced 2011 Offshore Voluntary Disclosure Initiative for disclosing income from foreign accounts and assets. Key features of the program are an Aug. 31, 2011, deadline, an eight-year disclosure period, a maximum 25 percent penalty for failure to disclose, reduced 12.5 or 5 percent penalties in specified situations, and various documentation and disclosures required with the submission.

Sometimes I drive by a strip mall and I see it's under construction and getting a facelift. Off come the signs written in that 1960s-style cursive and on come new signs with updated colors and symbols that don't seem to mean anything but must be conveying a subliminal message, because those chain stores paid a designer a boatload of cash to create it.