The Latest

The American Institute of CPAs is objecting to a bill that was introduced in the House giving the Internal Revenue Service the statutory authority to regulate tax return preparers.

New England firm BlumShapiro recently presented a check for $1,800 to Shelton, Conn. non-profit Spooner House - which provides "food, shelter and support services to people in need" - via the firm’s employee giving through its Jeans for Charity Program.

CohnReznick CEO Frank Longobardi discusses how his firm has grown since the merger between J.H. Cohn and the Reznick Group over three years ago, how the transition went, and his plans for future mergers.

I met someone last week and asked how she was doing with her accountant. She said everything was fine, but reduced the three interim quarterly visits to once every four months.

The Internal Revenue Service has extended its hold on certain tax refunds for returns filed by nonresident aliens and other foreign taxpayers on Form 1040NR beyond the usual 180-day limit in order to give extra scrutiny to the refund claims, leaving many undocumented immigrant workers waiting up to 360 days to get the tax refunds they filed this year.

Rager, Lehman & Houck, P.C., a regional accounting firm with offices in Pennsylvania and Maryland, has merged in Dallavalle & Co. P.A., a firm in Frederick, Md., effective Nov. 30, 2015.

CliftonLarsonAllen has announced its fourth merger since last week, combining with Accounting Management Solutions.

CPA.com and Vertex SMB announced the launch of a new cloud-based program providing tools and training for CPAs to create or expand a sales and use tax compliance and advisory practice in their firms.

The Private Company Council is calling for the removal of the effective dates of four accounting standards updates.

Xero unveiled the new feature Search for Xero, which improves the workflow and experience for customers with the ability to search across the cloud accounting software’s entire platform and all of a business’ financial records.