Practice Management

The principal owner of The Kettle Black, a popular sports bar and restaurant in the Bay Ridge section of Brooklyn, has pleaded guilty to stealing more than $1.3 million in city and state sales taxes over a five-year period.

The Internal Revenue Service released more information Thursday on the implementation of the new Treasury regulations governing tax return preparers and the new requirements to obtain a Preparer Tax Identification Number, including those who work at CPA firms.

A pair of Long Island construction contractors have been sentenced to serve prison terms and ordered to pay restitution for engaging in payroll tax schemes.

The Senate extended two funding programs for small businesses carrying out innovative technology research on the final day of the lame duck session last week, but their fate in the House remains undecided.

Jeffrey Donovan has been named managing partner at Donovan Certified Public Accountants and Advisors.

The Internal Revenue Service should take immediate action to strengthen its controls over the processing of refunds issued to nonresident aliens to prevent such individuals from receiving erroneous refunds, according to a new government report.

As airline passengers around the country struggle to rebook flights in the wake of the blizzard that paralyzed the Northeast this week, the Internal Revenue Service has announced the 2011 inflation adjustments to the excise taxes on air transportation.

- Hayashi and Wayland Accounting and Consulting, a regional CPA and business advisory firm, has announced a merger with Carmel-based Cater & Stiles, CPAs, effective Jan. 1.

Employees at the Internal Revenue Service surveyed tax returns with Abusive Tax Avoidance Transaction issues without management approval, according to a new report.

White House officials said President Obama would delay delivery of his fiscal year 2012 budget by about one week after February 14.