Practice Management

The Senate has passed a package extending the Bush-era tax rates for two years along with a 13-month unemployment extension.

Jefferson Wells, a global provider of risk advisory and accounting-related services, has launched its Technical Accounting and Financial Reporting Center of Expertise, a unit that will provide guidance in technical and compliance issues related to the financial reporting landscape.

A federal judge’s decision striking down a key provision of the health care reform law, along with the near-certain repeal of the 1099 information reporting requirements in the law, indicate that President Obama’s signature achievement of the past year is likely to be chipped away in the years ahead before many of its provisions even take effect.

As the end of the year fast approaches, the Internal Revenue Service is strongly encouraging paid tax preparers to register now for their new or renewed Preparer Tax Identifications Numbers to avoid any last-minute rush.

Ninety-two percent of corporate tax professionals consider data management to be a primary goal for improving the tax process, according to a new survey.

Epicor Software Corp., a provider of retail, manufacturing and hospitality software applications, has acquired Denver-based Spectrum Human Resource Systems Corp. for $16 million.

CCH has upgraded its IntelliConnect online tax and accounting research service with improvements in its user interface, search features and research tools.

The Bush tax cut and unemployment benefit extension legislation passed a key procedural hurdle in the Senate on Monday, overcoming the 60-vote threshold needed to come up for a vote later in the week.

Only a handful of days remain to execute year-end tax strategies. Some techniques for this year reprise traditional advice that has legs year after year, while others, including reaction to whatever this year's lame-duck Congress has wrought, have a unique sense of urgency.

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