Practice Management

The National Society of Accountants is providing a free Web tutorial to help tax practitioners get ready for the Internal Revenue Service’s upcoming Registered Tax Return Preparer competency tests.

Republican Presidential candidate Newt Gingrich released his income tax returns as pressure mounted on rival candidate Mitt Romney to do the same.

They say the third time’s a charm. And the third iteration of the IRS Offshore Voluntary Disclosure Program is likewise a good thing, according to Kevin Packman, a tax partner at Holland & Knight and chair of the offshore compliance team.

With the tsunami of CPA firm mergers over the past several years and with more unions projected for 2012 and beyond, a trio of managing partners whose firms have been in “buyer mode” gave attendees at the Winning Is Everything confab here a laundry list of hurdles and issues that firms must address in order for combinations to be successful such as communication, integration and compensation.

Succession planning, recruiting, M&A and developing top talent and pricing pressures were among several front-burner issues that came to the forefront during a roundtable discussion by members of the Advisory Board.

Former All-American and NFL pro quarterback Tom Flick repeated one number in his keynote address to kick off the Winning Is Everything practice management conference in Las Vegas on Thursday: the number 10.

People who have received restitution payments from those convicted of human trafficking do not need to include those payments in gross income for federal income tax purposes, the Internal Revenue Service said Thursday.

The Internal Revenue Service plans to hold the second in a series of public meetings next Wednesday to get feedback on its plans to create a “real-time tax system” that would be able to catch incorrectly reported tax return information at the time it is filed.

Republican Presidential candidate Rick Santorum’s tax plan would reduce federal tax revenues substantially, according to a preliminary analysis by the Tax Policy Center.

Veris Consulting Inc. has expanded its forensic accounting and litigation support practice to Jacksonville, Fla., adding Edward Buttner, a CPA with over 30 years of experience.