Practice Management

The Senate Finance Committee held a hearing to discuss trade and tax issues relating to small business job creation.

Sen. Ron Wyden, D-Ore., and Judd Gregg, R-N.H., have introduced legislation to eliminate many of the exemptions, deductions, credits and other tax breaks in the Tax Code.

Lacking Congress’ ability to address problems with deficit spending, financially squeezed state legislatures across the country are considering desperate tax increases that would have been politically unthinkable just a few years ago.

H&R Block blamed the recession for a drop-off in tax filings so far this season.

The Senate approved a job creation bill Wednesday after 13 Republicans agreed to vote for the measure, which includes tax breaks for businesses that hire or retain employees.

The Senate voted to consider a $15 billion job creation bill after five Republican senators agreed to overcome a filibuster on the measure, which would provide tax breaks to companies that hire and retain employees.

IMGCAP(1)]Accountants are suddenly starting to show some interest in the phenomenon that is social media, much to the excitement of their marketing personnel. But there is still a lot of confusion about this new medium, and objections abound. Here are a few of the most common complaints and how to answer them.

Graf Repetti & Co. has combined with Zeidman, Lackowitz, Prisand & Co., building the firm’s presence on Long Island.

One of the daughters of the pilot who crashed his plane into an IRS facility in Austin, Texas, killing an IRS employee and injuring 12 others, said she hoped his actions would send a message to the government.

The White House has published the health care reform package that President Obama plans to present to Republican and Democratic congressional leaders at the summit on Thursday.