Practice Management

Enterprise software provider Epicor has acquired privately held CRS Retail Systems of Newburgh, N.Y., in an all-cash transaction valued at roughly $121 million.

Reports from inside the White House are that President Bush's administration may wait until 2007 to begin pushing a proposal to overhaul the tax code.

After checking with the state's attorney general, a Texas nepotism law will prevent the Kerr County tax assessor/collector, Paula Rector, from marrying one of the district's tax appraisers.

The Internal Revenue Service issued its 2006 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

The West Trenton-based firm of Manuel S. Newman & Co. CPAs has merged with WithumSmith+Brown. Financial terms of the deal were not disclosed.

The Internal Revenue Service has issued a consumer alert about an Internet scam where taxpayers receive an e-mail informing them that they are owed a tax refund. The e-mail, which claims to be from the IRS, directs the consumer to a link that requests personal information, such as Social Security number and credit card information.

As most every tax practitioner in town makes their pitch on year-end tax planning to clients, research organization the Tax Foundation recently released a new report making an economic case against the federal deduction for charitable gifts.

Tax protestor Larken Rose of Hollywood, Pa., was sentenced to serve 15 months in prison for failing to file tax returns for the years 1998 to 2002, the Justice Department and Internal Revenue Service announced.

A new study from the Tax Foundation says that the federal tax deduction for charitable gifts is highly regressive and subsidizes many organizations that are questionably charitable.

Let's do away with the title of "managing partner."Partners and other professionals are not employees to be managed. They don't like the idea of someone else telling them what to do. If you have any doubt, just ask your current partners.