Practice Management

Deltek Inc., a developer of software for enterprises, professional services firms and government contractors, will be sold to private equity firm Thoma Bravo for $1.1 billion, effectively making it a private company.

Regional accounting firm Eide Bailly plans to merge in Utah-based Schmitt, Griffiths, Smith & Co. on Nov. 1.

Edward D. Warren has joined Smith Elliott Kearns & Co. LLC as director of marketing.

A former Internal Revenue Service employee has been sentenced to two years in prison for identity theft and filing fraudulent income tax returns.

The Newark Field Office of the Internal Revenue Service’s Criminal Investigation division has stepped up its efforts this year to investigate tax fraud and other financial crimes.

The focus of most taxpayers on their income taxes, small business taxes and potential estate taxes, with a gripe now and then about local sales taxes, misses a big chunk of the portion they pay every year: property taxes.

Three Republicans from the House Committee on Oversight and Government have written a letter to IRS Commissioner Doug Shulman demanding he explain a recent rule that would extend tax credits to individuals who buy health insurance from an exchange set up by the federal government when their state has failed to set up such an exchange.

Armanino Consulting, the technology arm of regional accounting firm Armanino McKenna, has purchased Naperville, Ill.-based Intacct partner and cloud consultancy AccessTek, effectively expanding Armanino’s Intacct practice in addition to its overall cloud accounting and financial product sales and consulting practice.

Emerging and high-growth markets was a sweet spot for U.S.-based companies in the first half of 2012.

CCH has released a special tax briefing providing guidance and analysis of the Internal Revenue Service’s temporary regulations for repairs of tangible property and how they may require companies to change their accounting methods.