Practice Management

More than 30,000 Medicaid providers had a total of over $1 billion in unpaid federal taxes last fiscal year, according to a report released by the Government Accountability Office.

Two accounting firms in Texas announced plans to merge, with San Antonio-based Padgett, Stratemann & Co. combining with Austin-based Sprouse & Andersen under the PS&Co. name.

Two firms in South Florida said they were merging, with Berenfeld, Spritzer, Shechter & Sheer LLP, expanding by combining with Lefcourt, Billig, Tiktin & Yesner.

Southern accounting firm Carr, Riggs & Ingram has acquired Bumpus Hall, allowing the firm to expand into the Nashville area.

California wealth management firms Kochis Fitz and Quintile Wealth Management said they plan to merge, effective Jan. 1, 2008, with the combined firm to be known initially as Kochis Fitz/Quintile until a new name can be found.

We come across many surveys in our work, especially on the Internet. One of my most recent favorites posed the following question, “Is your firm, or one or more of its professionals, a recognized thought leader?”

The House has voted to approve a $78 billion bill that would provide a temporary fix to prevent the alternative minimum tax from spreading to about 23 million more taxpayers this coming tax season.

The Internal Revenue Service's financial management systems and internal controls came under sharp criticism in a financial audit conducted by the Government Accountability Office.

The Bush administration threatened to veto the Temporary Tax Relief Act of 2007 in its present form, putting the patch for the alternative minimum tax in jeopardy as the deadline nears for fixing the AMT before it spreads to millions more taxpayers.

Two Southern accounting firms, Elliott Davis and Elliott & Warren, have decided to combine their operations and expand in the Charlotte, N.C., market.