Practice Management

CCH Small Firm Services has begun shipping its ATX and TaxWise lines of software for tax year 2009, with links to tax research from CCH.

Large and midsized companies can now take advantage of expanded net operating loss carryback rules to use the losses they incurred during the economic downturn to reduce their income from prior tax years.

Baker Tilly Virchow Krause plans to merge with Beers + Cutler to create the 13th largest accounting firm in the U.S., with over $250 million in revenue.

Most states tax their middle- and low-income families far more heavily than the wealthy, according to a new study by the Institute on Taxation & Economic Policy.

It’s getting near the end of the year, and ’tis the season to be compiling lists.

The owner of New York bagel maker H&H Bagels has been indicted and arrested for stealing withholding taxes and evading unemployment insurance tax in connection with his wholesale and retail bagel business.

Senate Majority Leader Harry Reid, D-Nev., introduced the Senate’s version of the health care reform bill, which includes a new 5 percent tax on elective cosmetic surgery.

Approximately 203,000 taxpayers erroneously claimed a total of over $300 million in Hope Credits for higher education in 2006, and over 169,000 claimed over $232 million in credits, according to a new report by the Treasury Inspector General for Tax Administration.

A Web service that matches small businesses with accountants is expanding into nine new markets.

Over 14,700 holders of foreign bank accounts told the Internal Revenue Service about the existence of the accounts under a voluntary disclosure program.