Practice Management

The types of activities that allow a state, under its own rules, to tax a business entity vary widely. In fact, the same company with relatively light activity within one state might be subject to tax in that state, yet not be taxed in a state where its activity is greater.

The Resnick Group LLC, based here, has merged its practice with New York-based accounting and financial consulting firm Druckman Hill LLP.

With two dozen deals currently in the pipeline, business advisory and financial services provider Fiducial says that acquisitions will be the main engine of its growth over the next three years.

STF Services Corp. president Charles F. Ter Bush has left the Syracuse, N.Y.-based tax forms company to join LexisNexis as vice president for the tax and accounting market segment.

RSM McGladrey Financial Process Outsourcing, a unit of national CPA and business consulting firm RSM McGladrey, has acquired Madison, Wis.-based Franchise Services Options and Houston-based Restaurant Reporting Plus -- two of the nation's larger providers of back-office outsourcing services to restaurants.

A newly issued revenue procedure, Rev. Proc. 2005-28, makes it easier for some taxpayers to adopt a simpler method of allocating and apportioning interest expenses in determining their net U.S. and foreign-source income for foreign tax credit purposes.

H&R Block Inc. reported total tax prep and related fees through April 15 of $2.4 billion -- up 7.3 percent over last year.

The President's Advisory Panel on Federal Tax Reform will hold its eighth meeting this week, said the body's chairman and vice-chairman, senators Connie Mack and John Breaux.

In light of recent changes to the rules that guide practitoner conduct, the Internal Revenue Service will host a Webcast next week focusing on the agency's Office of Professional Responsibility and Circular 230.

Super-regional firm Plante & Moran has expanded its services and presence in the Chicagoland area with the addition of Wetmore & Associates, a boutique firm specializing in benefit plan audits.