Practice Management

IMGCAP(1)]To compete in today’s unpredictable economy your clients’ companies must keep a very close eye on their operational performance and be able to use that information to continuously update their business plans and budgets.

Sage reseller Blytheco made another move to further grow its SalesLogix and overall customer relationship management business with the purchase of the SalesLogix practice of Result Data Consulting Ltd.

The Tax & Accounting business of Thomson Reuters has released new Competency Model software for its Checkpoint Learning system that provides self-assessment tools to measure proficiency in the subjects studied by users, along with roadmaps for career development.

Two New York City tax preparers are facing prison time and the payment of substantial sums of money in a pair of recent cases.

The American Institute of CPAs and 18 other groups have written a letter to congressional leaders encouraging them to ban tax strategy patents before adjourning.

Senate Finance Committee chairman Max Baucus, D-Mont., has sent a letter to IRS Commissioner Doug Shulman requesting him to investigate the use of tax-exempt groups for political advocacy.

The Internal Revenue Service has released guidance on the expanded adoption credit that is available for tax year 2010 as a result of the Affordable Care Act, along with a draft version of the form that taxpayers will use to claim it.

Super-regional CPA and business advisory firm BKD has launched www.financialreforminsights.com, an interactive portal to help guide financial institutions through the sweeping regulations under legislation such as the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Senate Republicans blocked a bill on Tuesday that would have denied tax breaks to companies that move jobs offshore and provide companies with a two-year holiday from their share of Social Security payroll tax withholding for each employee they hire to replace a worker at a foreign-based facility.

The Internal Revenue Service has issued final regulations requiring paid tax return preparers to register with the IRS to obtain a Preparer Tax Identification Number and made available a new online application system for getting a PTIN.