Practice Management

Sen. John McCain, R-Ariz., has announced his tax plan, saying he would permanently repeal the alternative minimum tax and make the Bush tax cuts permanent.

Web-based sales tax management software service provider Avalara said it has agreed to acquire New Horizons Systems, a provider of business geographic and tax jurisdiction assignment software.

Just in time for the New Year, the Internal Revenue Service has expanded its online rebuttal of frivolous tax arguments to provide some amusing holiday reading.

President Bush signed into law a one-year patch for the alternative minimum tax, in addition to a $555-billion omnibus spending bill to fund government operations through 2008.

Sage Software business partner Integrated Tech Inc. has signed a letter of intent to join Blytheco LLC, one of the software company's leading resellers, as of January.

The Internal Revenue Service has issued a new tax form for employees who have been misclassified as independent contractors.

Mike Huckabee, the former governor of Arkansas, and 2008 presidential hopeful, is hoping to gain the support of tax-reform advocates by promoting the Fair Tax, which abolishes the Internal Revenue Service as well as all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes, and replaces them with a single federal retail sales tax.

Spurred by revenue increases in its payroll and human resources units, payroll and benefits outsourcing provider Paychex Inc. posted an 11 percent rise in second quarter profits, to $147.1 million for the period ended Nov. 30.

The Internal Revenue Service has issued an updated version of Form 990, which charities are required to file annually to retain their tax-exempt status, and is giving small tax-exempt organizations time to adjust.

Tracy Crevar Warren has built a successful consulting business as president and CEO of the Crevar Group, which provides growth consulting, training and coaching for accounting and other professional services firms.