Practice Management

TimePlus Payroll Inc., a provider of payroll, tax filing and benefit services, announced the acquisition of Los Angeles-based Payroll Perfect Inc.

The Roth 401(k) contribution option, even with almost five years of advance warning, is taking a while to catch on.Reports are that fewer than 20 percent of eligible 401(k) plans now have them, with the rest sticking with tried-and-true pre-tax deferral contributions. If field data is accurate, however, this tepid reception is about to change. When employers, especially those also wearing the hat of the highly paid employee, begin to run the numbers, Roth 401(k) accounts are looking very attractive. This view is especially true following the recent release of favorable final regulations on Roth 401(k) contributions.

The Internal Revenue Service issued the 2006 "Dirty Dozen" -- the annual round-up of some of the most notorious tax scams.

Steve Samek, a 30-year veteran of the accounting profession, recently took over the helm of UHY Advisors Inc. after six months of consulting work for the accounting firm consolidator.

The Internal Revenue Service announced new steps to improve the Questionable Refund Program and reduce the number of taxpayers subject to frozen refunds.

Neuman, Ranft & Co. LLC will merge its practice into Denver-area CPA firm The Seff Group PC.

Citing rising costs in Medicaid and education which in turn led to higher spending levels and ultimately higher taxes, state taxpayer burdens rose more than 40 percent between 1994 and 2004.

The Internal Revenue Service requested a budget of $10.6 billion for the 2007 fiscal year, an increase of 1.4 percent from the current year's budget.

RSM McGladrey has acquired the non-attest practice of Stauffer & Co. LLC. In a separate deal, McGladrey & Pullen LLP acquired the attest practice of Stauffer.

CCH, a Wolters Kluwer business and a provider of tax and accounting information, software and services, has acquired the "Property Tax Reference" from Vertex Inc.