Practice Management

Senate Finance Committee Chairman Max Baucus, D-Mont., plans to convene a hearing to consider White House proposals for reducing waste and overpayments in the unemployment insurance program.

ParenteBeard has introduced an Emerging Growth Business Services Practice to service startup and early-stage companies.

Texas accounting firm Weaver has merged with Elms Faris, expanding the Forth Worth-based firm to the Midland/Odessa market.

The Treasury Department released new guidelines for applying for tax credits to fund promising new therapies, with small medical research firms eligible to receive up to $5 million each out of a $1 billion pie.

Tax Credit Company president Brandon Edwards calls the HIRE Act a “game changer” for mid-market and smaller companies that now can take advantage of the hiring incentive program.

The Senate voted last week to approve a historic financial regulatory reform bill that would make sweeping changes in how the financial system is regulated.

Connecticut Governor Jodi Rell has vetoed legislation that would have taxed bonuses paid to people who work for financial companies that received federal bailouts.

The Center for Audit Quality and the Council of Institutional Investors are protesting two proposed amendments to the financial regulatory reform bill that would exempt smaller public companies from compliance with Sarbanes-Oxley Section 404(b) audits of their internal controls.

Senate Finance Committee Chairman Max Baucus, D-Mont., and House Ways and Means Committee Chairman Sander Levin, D-Mich., have introduced legislation that would extend unemployment insurance and the 65 percent COBRA health insurance subsidy for the unemployed through the end of the year, as well as many expiring tax breaks.

Weaknesses in the Internal Revenue Service’s employment tax compliance program could cost the U.S. Treasury $131 million in Social Security and Medicare taxes over the next five years, according to a new report.