Practice Management

IMGCAP(1)]Limited capital is a reality of business.

McGladrey & Pullen announced Tuesday that its board of directors has reached an agreement with H&R Block to purchase back RSM McGladrey Inc. for $610 million, reuniting the assurance, tax and consulting practices under an integrated McGladrey & Pullen partnership structure.

Former chairman and chief executive of American Express Harvey Golub took to the opinion pages of Monday’s Wall Street Journal in response to billionaire Warren Buffett’s “Stop Coddling the Super-Rich” New York Times op-ed.

Private equity firm Bain Capital has signed a deal to purchase Australian accounting software company MYOB for about $1.3 billion, beating out offers from UK’s Sage Group and private equity giant Kohlberg Kravis Roberts & Co.

The Internal Revenue Service provided guidance Friday on the only ways to establish prima facie evidence of delivery of documents that have a filing deadline prescribed by the tax laws when there is not direct proof of the actual delivery.

The American Institute of CPAs told the Internal Revenue Service that it should avoid requiring pre-approval of continuing education courses as part of its tax preparer regulation efforts.

IMGCAP(1)]If there ever were a “good year to die,” that would have been 2010.

The Securities and Exchange Commission has been asked to respond to allegations that it destroyed documents relating to thousands of investigations.

The Internal Revenue Service plans to beef up its tracking of credit and debit card purchases of merchandise to spot discrepancies with the income claimed on tax returns.

Moss Adams LLP has combined with Warinner, Gesinger & Associates, expanding Moss Adams’ footprint to the Midwest and augmenting the firm’s telecommunications industry practice.