Practice Management

The First-Time Homebuyer Tax Credit helped spur a 10.1 percent jump in sales of existing homes in October.

Enterprise software provider AFS Technologies has announced a cash acquisition of certain assets of Canton, Mass.-based revenue management and billing solutions provider Softrax Corp.

IMGCAP(1)]David Sibits has been seeing a lot of changes at CBIZ in the past year as the firm copes with the economy and manages its acquisitions of Tofias and Mahoney Cohen.

IMGCAP(1)]Corporate clients will likely be approaching their next audit with extra care. The reason: A recent federal appeals court decision has made it clear that information previously viewed as private under the "work-product doctrine" may no longer be protected. That means companies will now think twice before providing such information to their auditors.

The Internal Revenue Service plans to test a pilot program that would permit filers of information returns to truncate an individual payee’s nine-digit identifying number on paper payee statements for calendar years 2009 and 2010 to protect against identity theft.

The Internal Revenue Service said that interest rates would remain the same for the calendar quarter beginning Jan. 1, 2010, as they were in the prior quarter.

The Internal Revenue Service has issued a set of proposed regulations for reporting on credit and debit card transactions starting in 2011.

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.