Practice Management

How would you like to experience the same kind of explosive growth as Google, Wikipedia, Facebook or YouTube? Those are exceptional cases, but they are household names. And you could be too.

PricewaterhouseCoopers has completed the $44 million acquisition of BearingPoint’s North American Commercial Services business.

A white paper released by the White House outlining the administration’s plan for financial regulatory reform recommends that accounting standard-setters make more progress in agreeing on a single set of accounting standards by the end of the year and iron out differences over fair value accounting.

As a flood of rising technologies such as social networking sites, instant messaging and Second Life begin to get a stronger foothold in the CPA profession, firms should begin deploying them in business-centric areas of the firms such as marketing and recruiting.

IRS Commissioner Doug Shulman and Treasury Secretary Timothy Geithner want Congress to pass legislation ending the tax on personal use of employer-provided cell phones.

A bipartisan group of members of the House and Senate have written to IRS Commissioner Doug Shulman asking him to temporarily suspend the penalties on small businesses found using some questionable tax shelters.

A new report from the Government Accountability Office blames misreporting of charitable donation deductions as a major factor behind the tax gap, but said that requiring more information reporting might not improve compliance.

BNA RESTRUCTURES

The first budget agreement of the new Congress reflects not only its ability to at least reach agreement on a budget framework, but also the priorities of that new Congress and the new administration for tax legislation for the current year. Very little in the tax portion of the budget agreement comes as a surprise, except perhaps for the period of time that some of the proposals cover.

Strategy highlights service, enforcement, voluntary compliance