Practice Management

Milwaukee-based accounting firm Clifton Gunderson is acquiring and merging in several other firms as it expands its footprint to several new markets, including Philadelphia, New York and Indiana.

The House approved a bill to extend many expiring and expired tax breaks through the end of the year, as well as extend unemployment insurance benefits through the end of November.

Although we’ve been waiting for an “extenders” bill for some time, the one now before the Ways and Means Committee contains some controversial provisions that have generated quick and vociferous opposition.

An overwhelming majority of senior financial executives say their tax department’s top priority is not tax savings or their effective rate, but timely and accurate tax return and financial reporting, according to a new survey of CFOs and senior comptrollers by Grant Thornton LLP.

CCH has undertaken a nationwide research project on the sales and use tax treatment of drop shipment transactions, and used the information to update its tax research.

The Internal Revenue Service has begun mailing out questionnaires to 401(k) plan sponsors to assess compliance with retirement plan regulations.

IRS Commissioner Douglas Shulman defended the increased amount of information reporting that the agency will be expecting from businesses in the next few years.

MaloneBailey has merged in local firm John M. Thomas PC, building its presence in the Houston area.

A top Internal Revenue Service official outlined the agency’s plans for tax preparer registration and testing at the National Society of Accountants’ board of directors meeting.

A Florida prison inmate who allegedly ran a scheme to defraud the Internal Revenue Service of approximately $115,000 in tax refunds has pleaded guilty.