Practice Management

A group of Democratic senators has written to the chair of the Securities and Exchange Commission urging the SEC to require more complete and accurate corporate accounting disclosures, especially of off-balance sheet transactions.

Eisner LLP has combined practices with Amper, Politziner & Mattia LLP, creating one of the largest accounting firms in the U.S., with over $250 million in annual revenue.

Growth is important to CPAs and their firms because it provides additional capabilities, opportunities, revenue and profit. Growth can be organic or from mergers and acquisitions. Many firms are doing both, but growth requires planning, people and processes. Growth doesn't just happen because the partners in your firm decide they need to grow by 10 percent annually in order to maintain partner income. The focus of this article is on five strategies that will help your firm grow organically. They all require thinking, planning and execution, and accountability. The past two years have been challenging for all firms. The ability to grow will be even more important in the future than it has been in the past.

The Congressional Research Service recently commented in its report, "Tax Gap: Misclassification of Employees as Independent Contractors," that tackling the problem of misclassification of workers "would reduce federal, state and local tax gaps and provide other important benefits."

NEW YORK

Not Mad Men

Have you set the privacy settings properly on your Facebook page yet? One of our colleagues recently had her son tagged in a photo regarding some fun he had while volunteering in South America. It wasn't

IRS WANTS INPUT ON NEW 1099

HOMEBUYER TAX CREDIT DEADLINE EXTENDED

Technology glitches with new software at the Internal Revenue Service caused it to initially reject nearly a quarter of the 127,105 tax returns it processed during its first three weeks of operation in February.