Practice Management

KPMG saw its member firms' combined revenues around the world grow by 14.5 percent to $22.69 billion in the fiscal year ending Sept. 30, 2008.

Marcum & Kliegman has created a task force to advise investors who may have been defrauded by Bernard Madoff and his investment management business.

The Internal Revenue Service plans to make it easier for financially troubled homeowners to avoid federal tax liens that block them from selling their homes or refinancing their mortgages.

Worldwide revenue for the BDO International network, which includes U.S. member firm BDO Seidman, grew to $5.145 billion in the fiscal year ending Sept. 30, a 9 percent increase from last year.

The Internal Revenue Service has issued new guidance on implementing the recently amended tax return preparer penalty, which punishes tax preparers for taking "unreasonable positions" on tax liabilities.

Local Maryland accounting firms DeLeon & Stang and Berger & Hillman plan to merge at the end of the year.

Leaders of the House Ways and Means Committee wrote to President-elect Barack Obama asking him to end the Internal Revenue Service's private debt collection service.

It’s one thing to be a leader within your firm, however, it’s quite another to also be a leader within your community.

If you haven’t already, you might shortly be asked, “What are the tax implications of riding a bicycle to work?” And your answer will be for taxable years beginning after December 31, 2008, under Section 132(f)(5)(F)(i) a ”qualified bicycle commuting reimbursement fringe benefit” will be considered a qualified transportation fringe benefit.

Regional New York firm Citrin Cooperman said it would merge in Syosset, N.Y.-based Massella & Associates CPA, PLLC, and the SEC Solutions Group LLC effective Jan. 1, 2009.