Practice Management

House Republicans, rejecting President Barack Obama’s demand for higher tax rates, countered with a $2.2 trillion deficit-cutting plan that would trim Medicare and Social Security and cap tax deductions for top earners.

Accounting and advisory firm Marcum LLP has introduced the Marcum Commercial Construction Index, a quarterly index that will track the performance of the U.S. commercial construction industry.

Doeren Mayhew PC and the Houston-based CPA consulting firm MFR PC agreed to merge. MFR will immediately take on the Doeren Mayhew name.

Payroll and human resource services provider Paychex Inc. has purchased expense report automation product maker ExpenseWire from Rearden Commerce Inc. for an undisclosed sum.

House Minority Leader Nancy Pelosi, D-Calif., said she would try to use a procedure known as a discharge petition to bring a Senate-passed bill for extending the middle-class tax cuts to the floor of the House.

Four trends to put the 'service' back in professional services

Large whistleblower awards have been making headlines lately. News of a record $108 million award paid out by the Internal Revenue Service in September, followed by media coverage of $38 million and $2 million awards only weeks later, seem almost more akin to reports on lottery jackpots than informant compensation.

Highlights of firm mergers & acquisitions from the previous month

Accounting firms shouldn't think that there isn't a cost to a merger that doesn't happen

Many tax practitioners focus on improving their efficiency during tax season, but there are plenty of things they can do in advance to ensure success from January to April, according to 2020 Group chairman and CEO Chris Frederiksen.