Practice Management

Tax and business advisory firm WTP Advisors, headquartered in White Plains, N.Y., has acquired New York-based hedge fund consultancy Sala Associates.

THE FUTURE OF ACCOUNTING MARKETING

The ground inside many CPA firms is beginning to shake as the first wave of over 76 million Baby Boomers (those born from 1946 to 1964) reaches retirement. The result of this quake is an expansion in the generational divide within firms - especially between Baby Boomers and their up-and-coming Generation X (those born from 1965 to 1981) partners, principals and senior managers.

CHINA

It would be hard to envision a more active climate for mergers and acquisitions among CPA firms than 2010, a year highlighted by such marquee unions as RSM-Caturano, Eisner-Amper, Marcum-Stonefield Josephson and LarsonAllen-LeMaster Daniels.

Okay, we'll admit it up front: We are inveterate wordsmiths who love using words to make our points. Over the previous 15 years that we've produced this column, we've even invented a few to describe some financial reporting issues, such as "pfooling of interests," "volatilaphobia" and, more recently, "duh-preciation."

CPA Dave Roberts finds it baffling that some accountants express reluctance—or even fear—about pursuing a niche practice.

So, you've come to the conclusion that in order to grow your practice or the firm you need to increase the number of referrals you receive. What took you so long?

Pugh & Company, P.C. , one of the Knoxville region’s largest CPA firms, has acquired the Knoxville and Oak Ridge practices of Bacon Howard & Company, CPAs, another local area accounting firm.

The Internal Revenue Service is aiming to provide more Fast Track Settlements to small businesses and self-employed taxpayers and retool its Offer in Compromise mediation and arbitration procedures.