Practice Management

House Ways and Means Committee Chairman Dave Camp, R-Mich., has released a public letter he sent to the Internal Revenue Service demanding information about its recent investigation into donations to politically active tax-exempt organizations and the agency’s apparent drive to impose gift taxes on these monies.

A bipartisan group of lawmakers in Washington is co-sponsoring legislation and demanding an independent probe to stop the government and a trustee from suing innocent victims who invested in Bernard Madoff’s Ponzi scheme.

The Senate vote Tuesday on repealing the Volumetric Ethanol Excise Tax Credit failed, but it could be a sign of things to come as the tax reform debate heats up in the midst of talks to raise the debt limit.

Knowing and communicating the value of you and your firm to both existing and prospective clients can often be the critical elements that help not only strengthen client relationships and win new business, but differentiate your practice from the competition.

Seattle accounting firm Lockitch Clements & Rice PS said Tuesday it will join with Minneapolis-based LarsonAllen LLP, effective Aug. 1, 2011.

The Bonadio Group, a Top 100 accounting firm, has acquired ParenteBeard’s branch office in Syracuse, N.Y.

Wolters Kluwer Tax & Accounting has acquired Twinfield, a Dutch provider of online accounting software, expanding its presence in the European market.

IMGCAP(1)]There are certain topics that when brought up in conversations will usually elicit strong opinions supporting one side or the other.

With the early waves of Baby Boomer partners retiring or getting ready to hand over the keys to the firm, a diverse panel of partners and firm owners said constant communication with high-potential staff about growth opportunities, coupled with making firms appealing to younger professionals via investing in cutting-edge technologies, will serve to ease transition issues with regard to leadership succession.

Accounting and business consulting firm Citrin Cooperman has added four partners and 15 staff members from a recently dissolved White Plains, N.Y., accounting firm, Eisman, Zucker, Klein & Ruttenberg LLP.