Practice Management

The Internal Revenue Service said that many small businesses and tax-exempt organizations that provide health insurance coverage to employees now qualify for a new tax credit, thanks to the health care reform bill.

Accounting firm Marcum LLP plans to expand in the New England area by acquiring three offices from UHY Advisors.

A Los Angeles doctor who operated a medical clinic that peddled herbal medicine cures has been arraigned on tax evasion, wire fraud, mail fraud, witness tampering and criminal forfeiture charges.

California CPA firm Stonefield Josephson has acquired Caporicci & Larson, expanding the firm’s governmental and nonprofit auditing capabilities.

The Internal Revenue Service has indeed been taking steps to assist economically distressed taxpayers who have fallen behind on their payments, a government report confirmed.

IMGCAP(1)]Several lucrative federal tax incentives have been extended and enhanced for energy efficient design, construction, and improvement of buildings and homes.

Fifteen of the largest U.S. states have forecast gains intax revenue for 2011, ending a two-year slide in tax collections, while all 50states expect to hike collections by about 3.5 percent.

The Senate has temporarily extended two provisionsenacted in the Recovery Act that increase government guarantees and eliminatefees on small-business loans through April 30.

Taxpayers may have to finish filing their taxes by April15, but they'll have earned enough to pay their share by April 9, according tothe Tax Foundation.

A federal judge here has ruled that a professionalliability insurer is not obligated to defend or indemnify an accounting firm inconnection with the recommendation by a firm member of a tax-sheltertransaction.In its ruling, thecourt held that the firm member was acting as an agent for the company thatmarketed the plan.