Practice Management

In these tough economic times, as in others, there are many news items on companies declaring bankruptcies and announcing substantial staff cuts. What is different this time is that I am also reading about a number of cost-cutting strategies that are gaining in popularity and aimed at reducing expenses without disrupting business operations or laying off staff.

An internal revenue agent has sued the IRS for firing her after she insisted on wearing a ceremonial knife on the job.

Walter C. King Associates is offering tax recovery and forensic accounting services to investors who fell victim to Bernard Madoff's Ponzi scheme.

Graf Repetti & Co. has merged with Marx, Lange, Gutterman, effective Jan. 1, augmenting Graf Repetti's presence in New York.

The latest economic stimulus plan advanced by the incoming administration may approach $1 trillion, with $300 billion in tax cuts or refunds.

Payroll processor SurePayroll is offering free payroll-processing services to accounting firms for up to one year.

WithumSmith+Brown has merged in another New Jersey-based accounting firm, Serluco & Co.

The mausoleum set up by Roland Burris, the former Illinois attorney general named to succeed Barack Obama in the U.S. Senate by disgraced governor Rod Blagojevich, includes on a list of accomplishments the fact that he was the first non-CPA to be on the board of the Illinois CPA Society.

There’s nothing like a good clear financial statement. And in a time when lenders are very stingy, those basic reports are more valuable than ever. In fact, this is one of those times that good accounting and advisory services are more valuable than ever.

Accounting firm Parente Randolph has merged with two other firms: Altenburger, Uris, Caglioti & Heyman, and William R. Hoffman Ltd.