Practice Management

Three Democratic Senators have written a letter to House Speaker John Boehner, R-Ohio, urging him to fix the 1099 reporting requirement in the health care reform law, and have pledged speedy action in the Senate if he does.

A troika of CPA executives, whose practices completed an aggregate of nearly 20 mergers during 2010, told attendees at this year’s Winning Is Everything conference here in Las Vegas that in order to craft a successful M&A strategy, a firm must have a unified vision and an internal champion to spearhead the program and never compromise its core values just to grow or add geography.

With nine out of 10 families either hiring tax preparers or purchasing tax software in order to file their taxes, it is clear that the Tax Code is too complex, too time-consuming and too costly for our families and businesses. So says Dave Camp, R-Mich., the new chairman of the House Ways and Means Committee.

Senate Finance Committee Chairman Max Baucus, D-Mont., and ranking member Chuck Grassley, R-Iowa, released the language of legislation they intend to introduce that would eliminate the patenting of tax strategies, a key priority of the American Institute of CPAs.

The Tax & Accounting business of Thomson Reuters has acquired the publishing division of Chicago-based consultancy PDI Global Inc. for undisclosed terms, effective Tuesday.

Intuit has made several updates to its ProLine Tax Online tax prep application for this tax season.

Valentine’s Day will turn into Tax Day as the Internal Revenue Service plans to begin processing tax returns delayed by last month’s tax law changes on Feb. 14.

The Republican-controlled House voted Wednesday evening to repeal President Obama’s landmark health care reform law, but the measure is not expected to come to a vote in the Democratic-controlled Senate.

CBIZ Tofias has helped several of its life sciences clients in Massachusetts gain $2.5 million in tax incentives from the state government.

A trio of senators is urging the Internal Revenue Service to share information with the Bureau of Prisons to prevent more prisoners from committing tax fraud from within their jail cells.