Practice Management

A bill providing $12 billion in tax breaks and a $30 billion lending fund for small businesses passed a key hurdle in the Senate on Tuesday when two Republican lawmakers voted to join Democrats to cut off debate.

The Senate was unable to produce enough votes to end debate on two amendments that would have repealed or scaled back the expanded 1099 reporting requirements for businesses in the health care reform bill.

IMGCAP(1)]Today, businesses face an increasingly daunting range of challenges, most of which are exacerbating the high cost of operation.

A spokesman for Senate Minority Leader Mitch McConnell, R-Ken., said Senate Republicans are uniformly opposed to letting the Bush tax cuts expire for even the wealthiest taxpayers.

The former CEO of the Quellos Group investment firm and its tax attorney pleaded guilty to running an offshore tax shelter scam involving more than $9.6 billion in phony stock sales.

The question, "What happens if the Bush tax cuts sunset?" may seem a little silly at first.

ARIZONA

I've suffered through a string of disasters over the past year: My softball team is having another winless season. The local Vinny T's shut down. My 16-year-old old son just got his learner's permit. And, of course, Shrek 4. This year's been tough.

One undeniable truth is that public relations and CPA firms make a good team. Unfortunately, PR doesn’t always get the credit it deserves and can largely go ignored by tax and accounting professionals. The general perception is that PR doesn’t benefit firms — at least in a measurable way (i.e., ROI). As such, it’s labeled as a “nice to have,â€� rather than a “need to have.â€�

The title of this article is the tagline of our firm. It's a constant reminder of the purpose behind our industry and our firm. The numbers we deal with every day are outcomes of relationships, processes and knowledge.