Practice Management

The American Institute of CPAs has formed an online Succession Planning Resource Center to help small and midsized firms deal with questions of how their firm should be managed in the future.

Seventy-six percent of the 120 firms in attendance at the Forum for Women in Accounting, a three-day confab in its second year, have a strategic plan in place.

Charles Merrill, a self-made millionaire and cousin of the co-founder of Merrill Lynch, could end up serving three years or more in jail for not filing income taxes since beginning a tax protest in 2004.

FiveStar3 has acquired the Alliance of Professional Associations, a national association management company for accounting firms.

A judge has ruled against the Internal Revenue Service in a Freedom of Information Act case, telling the agency to stop defying her previous orders and turn over statistical information to an outside researcher.

A group of eight midsized CPA firms has banded together to offer cross-border tax services in an effort to compete with larger firms.

Cohen & Co. has acquired Mercurio & Bridgford, expanding the Ohio-based firm's presence in Florida.

The House Ways and Means Committee has passed a bill aimed at forestalling the spread of the alternative minimum tax for another year.

The Internal Revenue Service has granted an extension to victims of the Midwest floods so they will have more time to make their quarterly estimated tax payments.

It takes solid strategies and steps to grow a niche business, and Gale Crosley, president of Crosley + Co., shared some of her strategies with approximately 100 participants during a pre-conference session at the Forum for Women in Accounting here.