Practice Management

IMGCAP(1)]As businesses seek to turn information into knowledge, CPAs will assume more advisory roles by combining traditional services with consulting services.

The Justice Department has filed papers seeking a federal court order to authorize the IRS to serve a “John Doe summons” on Ralph Janvey, the court-appointed receiver of accused fraudster R. Allen Stanford’s investment companies, in an effort to identify Stanford’s clients.

The House Financial Services Committee has approved legislation aimed at preventing the failure of large financial institutions from turning into a systemwide crisis.

Businesses will have to act soon on a bevy of tax breaks before they expire at the end of the year.

The Certified Financial Planner Board of Standards has appointed three new members to its board of directors.

New Jersey accounting firm Cowan, Gunteski & Co., is merging in Woolston, Koerner & Co., building their combined presence in the Garden State.

Friedman LLP plans to combine with Bagell, Josephs, Levine & Co., as of Jan. 1, building the New York-based firm’s presence in New Jersey.

pricewaterhousecoopers, taxes, pharmaceuticals, biotech, medical, health

KPMG and Thomson Reuters are partnering to help companies improve their governance, risk and compliance processes via Paisley GRC software.

The Internal Revenue Service has extended for another two years the Attributed Tip Income Program, which makes it easier for workers in the food and beverage industry to report the money they earn from tips.