Practice Management

ATLANTA

All clients are looking for lower fees and cost-cutting measures from their CPAs. That's a no-brainer. But do nonprofit organizations have higher expectations around what support and resources they receive from their most trusted advisors?

Economic downturns often lead the owners of privately held companies to go their separate ways. In a perfect setting, the parties would execute a fair and civilized splitting of assets and resources — either by dividing the company equally or by having one party buy out the other — and then ride off into the sunset with their friendship, egos and fortunes intact.

While there are some things you can control, there are many more that you cannot. The real issue is not what you can control or not, but how you react to these type of disasters, and how well your firm carries out its “contingency planâ€� (if it has one). The difference may mean the firm’s survival (and retention of its asset value).

CORPORATE RETURNS SLIDE

Kaysville, Utah

Thomson Reuters has acquired TaxSimple, one of the last independent software companies in the tax software market.

The continuing inability of Congress to agree on what to do with the expiring Bush tax cuts has real consequences, as small businesses remain stymied in their planning for the future.

Senate Finance Committee chairman Max Baucus, D-Mont., has begun an investigation of the tax status of earnings by Prudential Financial on survivor death benefit accounts for life insurance policies it sold to members of the armed services.

Sage reseller Blytheco LLC has acquired SFA Technology, a Denver-based SalesLogix reseller and customer relationship management consultant.