Practice Management

Corporate acquisitions using overpriced shares of stock rarely do much to cushion the decline the shares eventually suffer, according to a new study.

A retired special agent with the IRS’s Criminal Investigation division has pleaded guilty to charges of transporting a California woman across state lines to Las Vegas for the purpose of prostitution.

Among the themes that IRS Commissioner Doug Shulman has emphasized since his swearing in is the balancing of the agency’s compliance function with its service mission.

The Internal Revenue Service has issued a revenue ruling permitting an employer that is using an accrual method of accounting to take a deduction in the current year for a fixed amount of bonuses payable to a group of employees, even though the employer does not know which of the employees will receive a bonus or the amount of any particular bonus until after the end of the taxable year.

Moss, Krusick & Associates has merged in the firm Dexter & Associates, expanding the firm’s presence in Orlando, Fla.

The Senate has approved a jobs bill that provides businesses with a tax credit for hiring unemployed veterans.

The Internal Revenue Service took the appropriate actions when an airplane piloted by an irate taxpayer crashed into one of its buildings in Austin, Texas last year.

The Republican leader of the House Ways and Means Oversight Subcommittee plans to hold a hearing to probe the efficacy of the Small Business Health Care Tax Credit in the aftermath of a report that found a disappointing number of small businesses taking advantage of the tax break in the health care reform law.

Let’s face it, the accounting industry is changing and related conferences need to do likewise. Some of them are, for sure, but there simply has to be more than the lure of CPE.

Mike Karlins, a partner at the Woodlands, Texas-based CPA firm Karlins & Ramey LLC, was recently accepted into membership of Construction Industry CPAs/Consultants Association by executive director John Corcoran in Chicago during CICPAC’s recent annual conference.