Practice Management

Robert Redwitz & Co. acquired Coradino, Hickey and Hanson, a San Diego-based accounting firm, in a merger effective Oct. 1.The newly merged firm has relocated its offices, but will continue to operate in La Jolla under the name Robert Redwitz & Co. Terms of the deal were not disclosed.

The President's Advisory Panel on Federal Tax Reform submitted two proposals to the Treasury Department after months of work -- the first pushing for major simplification of the current income tax system and a second recommending changes for businesses that lead to an indirect tax on consumption.

The Global Alliance and Moore Stephens North America Inc. will merge to create one of the largest CPA firm associations. To be known as Moore Stephens North America, the association is represented by 35 firms with gross revenues of over $600 million.

I've been rattling off a canned two-line description of the restrictions put on the work of the President's Advisory Panel on Tax Reform for so many months now, that I've stopped recognizing the restrictions for what they are.

KraftCPAs PLLC announced it will purchase 40 percent of Axis Accounting Systems Inc., in a deal that goes into effect Nov. 1.

The Internal Revenue Service announced a limited opportunity for taxpayers to come forward and settle an array of transactions that the IRS considers abusive.

A federal judge ordered the Internal Revenue Service to pay Warren Buffett's investment company, Berkshire Hathaway Inc., more than $23 million in taxes and interest for disallowing certain deductions dating back to 1989.

Shaw & Shaw, a Columbus, Ohio, CPA firm, will merge with Dayton's Brady Ware in a deal effective Jan. 1. Financial terms were not disclosed.

The Internal Revenue Service announced relief for taxpayers affected by Hurricane Wilma.

With the President's Advisory Panel on Federal Tax Reform due to report Nov. 1, we asked industry leaders, many who made Accounting Today's recently released 2005 Top 100 Most Influential People list, to tell us what sort of tax system they would create.