Practice Management

Just to preface this upcoming viewpoint, I in no way am endorsing or have been funded by a particular product vendor, but there comes a time when you can sit on the sidelines only so long without stating the obvious.

A whistle-blowing former Swiss bank executive has handed over two CDs containing the names and account holdings of more than 2,000 high net worth American, European and Asian customers to WikiLeaks founder Julian Assange.

The Senate has introduced bipartisan legislation that would give law enforcement access to tax return information that could help them locate missing children.

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.