Practice Management

J.H. Cohn LLP has acquired the practice of Berenson LLP, a New York accounting firm specializing in solid apparel and import specialization practices.

CCH, a Wolters Kluwer business, announced that its 2007 User Conference for tax and accounting professionals will be held Nov. 4-7 at the Gaylord Texan Resort & Convention Center.

On the heels of News Corp.’s bid for The Wall Street Journal, electronic publisher Thomson Corp. confirmed that it will offer $17.5 billion for the Reuters Group news service.

The Association for Accounting Marketing has released its 2006 Accounting Marketing/Sales Responsibility and Compensation Survey Results. The survey was very comprehensive, and shows an interesting snapshot of where many firms are with regard to marketing.

The Treasury Department issued rules last week aimed at dismissing some of the uncertainties around Roth 401(k) plans.

The Internal Revenue Service announced that while the phase-out of the tax credit for Toyota and Lexus hybrids continues, General Motors Corp. and Nissan hybrids still qualify for the full credit.

REPORT: BETTER JOB NEEDS TO BE DONE FOR 'INNOCENT SPOUSES'

Insurance company demutualizations became popular in the late 1990s. Facilitated by revised state laws, mutual insurance companies were attracted to conversion to stock companies for the same reasons that companies have long sought to be publicly held - greater access to capital. The policyholders of mutual insurance companies were generally granted cash or stock in return for their interest in the mutual insurance company.

If your marketing efforts include a newsletter, you know the value of providing clients, prospects and referral sources with information that they need to be successful. A focused newsletter is a tool that many CPA firms use to market their services and maintain communication throughout the year.

The Internal Revenue Service is preparing to redesign its Form 990, “Return of Organization Exempt From Income Tax,” according to published reports.