Practice Management

The Securities and Exchange Commission charged a New Jersey-based audit firm and one of its founding partners Monday for their roles in the botched audits of a China-based company that failed to disclose related party transactions by its CEO and others.

With a political stalemate looming in Washington, the Treasury Department and the IRS released their contingency plan for what would happen at the service in the event of a government shutdown -- and one thing that wouldn't happen is any postponement of tax filing deadlines.

Deloitte has added TMA Construction Consultants to its financial advisory services group. The new addition will bolster Deloitte's infrastructure and capital projects expertise throughout Canada.

Adaptive Planning has signed on Microsoft Dynamics partner and corporate performance consultant Corporate Renaissance Group to its channel, allowing the firm to offer the cloud-based budgeting and planning product to customers in Canada and the Northeastern U.S.

The IRS announced that all the designated empowerment zones where employers and other taxpayers qualify for special tax incentives will remain in effect through the end of the year.

A reseller and consultant rises, a company falls and in between there’s some good advice about getting your ‘I’s dotted and ‘T’s crossed when moving to the cloud. I’ll give you my take on all of this and more.

The Internal Revenue Service continues to have problems with its Collections Due Process Program, according to a recent government report.

A massive case of organized tax and bank fraud culminated today with the unsealing of four federal grand jury indictments accusing 55 people of participating in one or more illicit schemes, including the theft of more than 2,000 identities that were used to claim more than 420 million in bogus IRS tax refunds. As a result the IRS paid out more than $7 million, even issuing payments in the names of dead people.

Income per equity partner at the nation’s CPA firms jumped 5.5 percent in 2012, climbing to $386,000, according to the recently released 2013 Rosenberg MAP Survey.

Income per equity partner at the nation’s CPA firms jumped 5.5 percent in 2012, climbing to $386,000, according to the recently released 2013 Rosenberg MAP Survey.