Practice Management

More than half of senior executives polled indicated that their respective companies have a formal sustainability strategy in place, while another 31 percent said they are either working on a plan or expect to eventually adopt one.

“The Pale King,” the novel about the Internal Revenue Service that author David Foster Wallace was writing before he committed suicide, hit the bookstores on April 15.

Tax and business advisory firm WTP Advisors has entered into nine new affiliations with tax and accounting consultancy firms on four continents.

CPA-focused consulting firm and hosting service Xcentric said Monday it has completed the purchase of technology consultancy InfoTech Partners North America, bringing on board prominent consultant Roman Kepczyk.

The American Institute of CPAs has included the latest guidance from the Financial Accounting Standards Board on accounting for mergers and acquisitions in the newest edition of its book Accounting Trends & Techniques.

The Internal Revenue Service has been doing a better job of detecting and preventing fraudulent refunds this filing season, but programming bugs and inadequate controls are still allowing erroneous claims to get through for various tax credits.

Three influential senators have written to Internal Revenue Service Commissioner Doug Shulman, asking him to re-evaluate the two-year time limit for innocent spouses to request tax relief.

Taxpayers set a record over the weekend, surpassing the 100 million mark for electronically filed tax returns so far this season.

In his best impersonation of a fiscal conservative, President Obama last week called for $1 trillion tax hikes on the wealthiest Americans as part of an effort to reduce the deficit by $4 trillion over the next dozen years.

The House passed the controversial budget plan introduced last week by House Budget Committee Chairman Paul Ryan, R-Wis., in a largely party-line vote on Friday.