Practice Management

The International Accounting Standards Board has issued a revised version of its standards for accounting for business combinations such as mergers and acquisitions, in coordination with the Financial Accounting Standards Board, in a move that will highlight the expenses of business combinations that used to be considered assets.

National Taxpayer Advocate Nina Olson released a report to Congress pointing out a variety of problems, including the impact of late-year Tax Code changes on taxpayers.

The Internal Revenue Service has made several changes to the 2007 instructions for Form 1040 and 1040NR as a result of the Tax Technical Corrections Act of 2007.

President Bush is considering a variety of options for an economic stimulus package to perk up the economy, reportedly including a possible tax rebate of $500 for individuals, along with business tax breaks to encourage equipment investments.

The Internal Revenue Service said it is now possible to electronically file a tax return in which the Individual Taxpayer Identification Number and the Social Security Number don't match.

Anchin, Block & Anchin LLP has merged with H.J. Behrman, adding 26 accounting and tax professionals to Anchin's roster and building the firm's real estate practice.

The Internal Revenue Service has established rules for substantiating lump-sum charitable contributions made through the Combined Federal Campaign or similar programs such as a United Way campaign.

The tax prep season is just upon us, and it has some very interesting wrinkles already. To begin with, Congress once again enacted legislation just before it left for the Holiday recess that directly impacted tax return preparation. Then there is the concern over severe implications of the tax preparer penalty changes.

Want to know how to encourage younger people to stay at your firm?Re-assess their supervisory relationships.

Adding to its continuing professional education portfolio, Thomson Tax & Accounting has acquired AuditWatch, a high-profile audit training and process improvement consulting firm headquartered here.Terms were not disclosed. The deal became official Nov. 15.