Practice Management

California Governor Jerry Brown signed a law Thursday allowing CPAs from outside California to practice across state lines without needing additional licenses.

Senate Majority Leader Harry Reid predicted that Congress will reach a deal after the Nov. 6 election to avert hundreds of billions of dollars in tax increases and spending cuts known as the “fiscal cliff” set to begin in January.

CPA firm management consultants Rita Keller of Keller Advisors and Gary Adamson of Adamson Advisory have introduced SurveyCPA, a set of survey tools designed for the accounting profession.

Tax business owners, as well as small businesses in general, are focusing more on such Internet marketing techniques as e-commerce and social media even while relying on such traditional methods as networking and targeted advertising to attract new clients, according to Chuck McCabe, CEO of The Income Tax School Inc.

PricewaterhouseCoopers US said it will collaborate with Microsoft to develop and deploy a portfolio of services designed and branded by PwC, and powered by Microsoft.

Deloitte Touche Tohmatsu Limited saw its highest revenue growth in the past four years, reaching $31.3 billion worldwide for the fiscal year ending May 31, 2012.

Eleven years ago, eliminating income taxes for low-income Americans was an applause line for a Republican president. Mitt Romney in 2012 sees the number of people paying nothing as a political problem.

Politicians and policy makers always seem to be talking about “broadening the tax base” and “eliminating tax loopholes,” but rarely do we hear specifics.

Top 100 accounting and business consulting firm Moss Adams announced Chris Schmidt as its next chairman and chief executive officer and Dick Fohn as president and chief operating officer in a planned transition that will take effect in the first half of 2013.

Taxpayers involved in correspondence audits will derive numerous benefits from a new telephone system now in use by the Internal Revenue Service, according to a new study by the Treasury Inspector General for Tax Administration.