Practice Management

The Tax Policy Center, a nonpartisan joint venture of the Urban Institute and Brookings Institution, has established a new Web page dedicated to the President's Advisory Panel on Federal Tax Reform, providing a number of links to relevant research and testimony.

The Government Accountability Office said that the Internal Revenue Service should work with federal agencies to make sure companies follow rules prohibiting tax deductions for fines and penalties paid in civil settlements.

The Internal Revenue Service launched a new Web-based information tool that will help private foundations comply with federal tax rules and requirements that occur throughout the lifecycle of their organization.

Gov. Phil Bredesen has told Nashville business leaders that he will not seek a state income tax if re-elected in 2006. Bredesen made the same promise before his first term, but had refused to extend the pledge as he campaigns for a second term.

Robert Redwitz & Co. acquired Coradino, Hickey and Hanson, a San Diego-based accounting firm, in a merger effective Oct. 1.

The Internal Revenue Service has ordered 52 Cross Match digital fingerprinting systems from Cross Match Technologies, to use in conducting fingerprint-based background checks on employees and contractors.

With the President's Advisory Panel on Federal Tax Reform due to report Nov. 1, we asked industry leaders, many who made Accounting Today's recently released 2005 Top 100 Most Influential People list, to tell us what sort of tax system they would create.

Accounting firm Weaver and Tidwell LLP has signed a merger deal with Dallas firm Brown & Nelson PC to add forensic accounting and litigation support expertise to the firm.

Bolstered by higher sales and lower costs, consulting giant Accenture posted a 25 percent hike in fourth-quarter profits, to $229.1 million, versus the year-ago period.

Meeting for the first time since July, the President's Advisory Panel on Federal Tax Reform began focusing discussions on what recommendations will be included in its report, due on Nov. 1.