Practice Management

PricewaterhouseCoopers plans to acquire Diamond Management & Technology Consultants for $378 million.

CCH Small Firm Services has introduced a service that can help CPAs and other accounting professionals save their business clients up to 30 percent on credit card processing costs.

Kentucky-based accounting firm Mountjoy Chilton Medley has merged in Hawkins Company CPAs, a Louisville firm that specializes in providing assurance, tax, internal audit, information systems, compliance and regulatory-related consulting services to regional financial institutions.

House Minority Leader John Boehner, R-Ohio, pushed for an extension of the Bush tax cuts on Tuesday, but questioned the need to pass over 70 other tax break extensions that failed to pass in the Senate in June.

California Attorney General Jerry Brown has filed a $34 million lawsuit against TV’s “Tax Lady” Roni Deutch for orchestrating a "heartless scheme" that swindled thousands of people facing serious and expensive tax collection problems with the IRS.

The owner of an Anchorage accounting and tax prep business has been indicted on charges that she engaged in a scheme to defraud her clients and her own family members of nearly $1 million.

Some $203 million in funding under last year’s Recovery Act for the Internal Revenue Service to reprogram its computer systems and update tax forms, publications and customer service may be at risk due to inadequate oversight, according to a new government report.

Aarons Grant & Habif LLC has merged Donner, Weiser & Associates into its Atlanta-based practice.

The Internal Revenue Service has published Notice 2010-58, which provides guidance in Q& A format under Section 13 of the Worker, Homeownership, and Business Assistance Act of 2009, which allows taxpayers to elect a three, four, or year-year net operating loss carryback instead of a normal two-year carryback.

The Congressional Budget Office estimated that the federal budget deficit for 2010 will exceed $1.3 trillion—$71 billion below last year's total and $27 billion lower than the amount that CBO projected in March 2010, when it issued its previous estimate, but that projection is predicated on the Bush tax cuts and other tax breaks expiring.