Big Four firm Ernst & Young revealed that it plans to set up at least two more offices, and possibly as many as four, in China in 2005, according to firm partner Conway Lee. Lee told China Daily that, "Cities such as Tianjin, Chongqing and Shenyang would be clear next steps in our expansion plan." He added that establishing a presence in those locations will extend the company's reach in the huge market in China, where it currently has nine offices and 4,000 employees. In 2004, E&Y opened locations in Dalian in Northeast China's Liaoning Province, and Wuhan, the capital of Central China's Hubei Province. After 2005, Lee said that the company would grow its China network by two to three offices each year.
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As the July 4 launch date nears when clients can start contributing to Trump accounts, advisors discussed pros and cons of this method to save for children.
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The Internal Revenue Service's Taxpayer Assistance Centers staff provided incorrect advice about the tax laws in nearly half the visits by inspectors.
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BMSS Advisors & CPAs acquired Aviso Group, extending the Top 100 Firm's footprint in Alabama and launching the BMSS Family of Companies.
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LevitZacks and Wilson Lewis completed acquisitions, effective as of June 1, growing their footprints in their respective states.
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The tax-writing House Ways and Means Committee held a hearing to consider and pass seven bills related to tax administration and the Internal Revenue Service.
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A survey found that a majority of investors disagreed with requiring scaling back to semiannual reporting for public companies.
July 1







