Practice Management

CPA and business advisory firms Abdo, Eick & Meyers,LLP and Jelinek Metz McDonald Ltd. have announced that they will merge,effective November 1.

Although the pundits have already weighed in on theeconomic effects of the administration's latest proposals at improving jobs andinvestment, the specific legislation to enact the proposals faces hurdles,which will diminish the likelihood of an effect any time soon.

The Internal Revenue Service needs to improve itscapabilities to identify taxpayers who must repay tax credits for homes theypurchased under the First-Time Homebuyer Credit program, according to a newaudit report released by the Treasury Inspector General for Tax Administration.

Investor confidence in the U.S.capital markets declined slightly, but fell even more sharply for marketsoutside the U.S., according to a new survey by the Center for Audit Quality.

The Internal Revenue Service has helmed a new video series, “Your Guide to an IRS Audit,” which follows three hypothetical small business taxpayers step-by-step through the audit process.

President Obama is proposing to expand and simplify the permanent research and experimentation tax credit, increasing the rate of the simpler form of the credit 17 percent to simplify the process for businesses.

President Obama has not yet formally unveiled his plans for stirring up the sleeping job market through business tax breaks and infrastructure spending, but his ideas are already provoking skepticism.

The Internal Revenue Service has released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small-business health care tax credit when they file tax returns next year.

The National Society of Accountants has written to Treasury Secretary Timothy Geithner and the Internal Revenue Service urging them not to agree to calls by the American Institute of CPAs to exempt non-signing preparers at CPA firms from the IRS’s new tax preparer registration requirements.

The Internal Revenue Service’s Criminal Investigation division is reportedly examining the books of the former Planned Parenthood Golden Gate, which lost its affiliation with the national Planned Parenthood last Friday amid questions about the group’s financial administration.