Practice Management

UHY LLP has published a new guide aimed at updating middle-market companies on what they need to know about International Financial Reporting Standards.

Sen. Olympia Snowe, R-Maine, criticized the U.S. Small Business Administration after it missed a deadline to send comments to the Treasury Department and the IRS about a controversial new 1099 reporting requirement for businesses.

Hoover’s Inc. and Sage North America have formed a new partnership to provide business insights to small and midsized businesses.

At the request of the Federal Trade Commission, a federal judge has halted the business operations of American Tax Relief, a company that heavily advertised its ability to help taxpayers who were in trouble with the IRS and allegedly bilked consumers out of more than $60 million by falsely claiming it could reduce their tax debts.

The Internal Revenue Service is preparing for the potential transition of U.S. publicly held companies to International Financial Reporting Standards and the impact IFRS will have on tax administration, according to a new government report.

SS&G completed a merger Wednesday with Ahlbeck & Co., expanding the Cleveland-based accounting and consulting firm’s presence to Chicago.

Meyers Norris Penny, one of Canada’s largest accounting and business advisory firms, said it would merge with Montreal-based firm WSBG, effective Jan. 1, 2011.

The Treasury Inspector General for Tax Administration has agreed to the request from Sen. Chuck Grassley, R-Iowa, ranking member of the Senate Finance Committee, and six other committee members to conduct an investigation of whether Obama Administration officials illegally accessed and disclosed confidential taxpayer information involving a particular taxpayer.

Two Sacramento-area accounting firms, Gallina LLP and Burnett + Company LLP, have agreed to combine, effective Oct. 1.

McGladrey & Pullen and a firm it acquired four years ago have agreed to pay the Commodity Futures Trading Commission a total of $1.7 million for their audits of the bankrupt Sentinel Management Group.