Practice Management

The Senate passed a bill containing $70 billion in tax cuts, part of a budget push Republicans are hoping will lead to an extension of President Bush's tax cuts.

The Internal Revenue Service will host a series of six tax forums across the nation this summer for tax professionals.

Lakewood, Colo.-based McCutcheon & Co., an accounting firm specializing in nonprofits, has merged with accounting and consulting firm Anton Collins Mitchell.

President Bush did not mention tax reform in his State of the Union Address, generally talking only about the importance of keeping the country competitive in the world marketplace by ensuring the economy continues to grow.

Smart and Associates LLP has acquired the compensation and benefits tax practice of KPMG. Terms of the transaction were not disclosed.

The Internal Revenue Service Oversight Board released its annual report on electronic filing to Congress, recommending that the IRS' E-filing goal be extended until 2011.

Midwest business and technology consulting firm Socius has acquired the consulting division of Bruner-Cox LLP, BC Technology Ltd.

Living in the world of accounting news from 9 to 5 everyday, it's become apparent that not a heck of a lot of my day job transfers over to my world outside of work.

Larger CPA firms have traditionally been interested in acquiring smaller firms, creating what might be termed a seller's market, and that situation still exists today.

One day into a recent four-day tour throughout India, Microsoft chairman and chief software architect Bill Gates announced that Microsoft would invest an added $1.7 billion into its Indian operations over the next four years.The increase in funding will nearly double the workforce Microsoft already has in place within India, from 4,000 to 7,000 employees.