Practice Management

Integrated human resources and benefits services provider RSM McGladrey Employer Services Inc. has acquired SourceWeb, an HR/payroll and self-service product from Minneapolis-based Ceridian Corp.

With the tax law becoming increasingly complex, it is no surprise that there often can be several well-intentioned interpretations of a particular provision. Also no surprise is the expectation of many clients that a fee for planning advice should almost always result in an exponential decrease in overall tax liability.

In a display of bipartisan cooperation, the Senate and the House on Thursday unanimously approved legislation allowing extra time for 2004 deductions for tsunami relief donations, just two days after it was proposed by Senate Finance Committee chair Chuck Grassley, R-Iowa, and ranking member Max Baucus, D-Mont.

Operating under the theory that bigger is better, regional CPA firms Reinsel & Co. LLP and Kuntz Lesher LLP have joined forces to strengthen their presence in Southeastern Pennsylvania.

LBMC Technologies, an affiliate of top-ranked CPA firm Lattimore Black Morgan & Cain, has merged with IT Solutions.

Taxpayers who misreported their income to snare unjustified Earned Income Tax Credits are draining $2 billion a year from the U.S. Treasury, auditors at the Government Accountability Office told Congress.

Senate Finance Committee chair Chuck Grassley, R-Iowa, and ranking member Max Baucus, D-Mont., announced a plan Tuesday to extend the period of time in which Americans can claim tax deductions for charitable donations to assist victims of the earthquake and tsunami that hit Southeast Asia on Dec. 26.

Local CPA firms Grimaldi & Associates CPAs and Nelkin, Griesel and Graves CPAs have merged their practices to form Grimaldi & Nelkin CPAs.

H&R Block subsidiary RSM McGladrey Inc., a national accounting and consulting firm focused on serving the middle market, has boosted its presence in northern Illinois with the acquisition of the non-attest assets of the Rockford office of BDO Seidman LLP.

As the Internal Revenue Service kicked off its 2005 tax filing season this week, it announced that it expects that its e-file program will hit a milestone.