Practice Management

The Government Accountability Office gave a thumbs-up to the Internal Revenue Service's $11-billion budget request, saying that the agency appears to have recognized that throwing money at enforcement can only reduce the tax gap so much.

Bearden & Smith PC has merged with regional accounting firm Carr, Riggs & Ingram LLC. Financial terms of the deal were not disclosed.

H.R. 5114, the Tax Return Choice Act of 2006, was introduced in the House and referred to the Ways and Means Committee.

The Internal Revenue Service is looking to fill six vacancies on its Electronic Tax Administration Advisory Committee beginning in September.

A federal judge upheld a 1976 ruling and ordered the Internal Revenue Service to release detailed statistics on how the agency enforces the nation's tax laws to Susan Long, a Syracuse University professor and co-director of the non profit research group, the Transactional Records Access Clearinghouse.

An analysis of the Internal Revenue Service's 2003 figures show that President Bush's tax cuts on investment income have had a major effect on citizens in the upper tax brackets.

Although the Internal Revenue Service is cajoling taxpayers to file their returns electronically -- in a move designed to save the Treasury billions of dollars -- at least one top IRS official copped to submitting her return on paper.

In a limited study, the Government Accountability Office said that paid tax-return preparers at 19 chain operations returned less-than-stellar service.

Virchow, Krause & Co. LLP announced a merger with Farmington Hills, Mich.-based Kleiman, Carney & Greenbaum.

While leaders and the concept of leadership have developed during the last 20 years, they still have a long way to go if firms hope to prosper and survive in the 21st century. There are many facets to leadership, and it has often been said that leadership is what separates the successful firms from the also-rans.But how can you become the leader who will cause your firm to move ahead of the pack? Your firm's future success depends on your ability to both manage and maximize three distinct and significant practice areas: