WebCPA Staff

The House Ways and Means Committee has approved legislation to provide tax relief to small businesses and extend financing measures for creating jobs.

The New York State Society of CPAs plans to posthumously honor former NYSSCPA president Eli Mason by inducting him into its Hall of Fame on May 13.

Broker-dealer 1st Global said that it has engaged Nobel Prize winner Dr. Harry Markowitz as an advisor to the company’s Investment Management Solutions committee and as a consultant to 1st Global’s Investment Management Research Group.

One week after California CPA Phil Liberatore announced he was running for a congressional seat in that state's 42nd district, former New York lawmaker and Arthur Andersen partner Joseph DioGuardi announced he is challenging Sen. Kirsten Gillibrand, D-N.Y., for her Senate seat.

The Commonwealth of Pennsylvania will offer amnesty to those who owe back state taxes, for only the second time in its history.

Wolter Kluwer Law Business has acquired ftwilliam.com, a company that provides online employee benefits software.

Leo Kehoe, a CPA in Whitestone, N.Y., has filed a $4 million lawsuit over a pair of advertisements on the Web site Craigslist that called him a “crook.”

The Senate has approved legislation that provides companies with a payroll tax exemption for hiring new employees.

The former president and CEO of the Park Avenue Bank has been arrested and charged with attempting to embezzle more than $11 million from the Troubled Asset Relief Program.

The Securities and Exchange Commission has censured Gilman Ciocia and its Prime Capital Services unit for misrepresenting the variable annuities sold to senior citizens in South Florida.

International Accounting Standards Board Chairman Sir David Tweedie told a group of European finance officials that the IASB and the U.S. Financial Accounting Standards Board are on track to converge their standards by June 2011, after which there will be a period of stability in accounting standards.

The University of Pennsylvania’s Wharton School, Dartmouth College and Rand Corp. have teamed up to launch a new Financial Literacy Center on the Internet.

A group of international accounting organizations plans to sponsor four new auditing research projects.

The Internal Revenue Service has issued its annual list of common tax scams to avoid, with tax preparer fraud and phishing schemes topping the list.

Calls to the Internal Revenue Service’s toll-free phone lines for tax help may exceed the agency’s projections this tax season.

House Ways and Means Committee Chairman Sander Levin, D-Mich., has unveiled a draft of a new bill that would provide tax incentives to small businesses to spur job creation.

A pair of dark-suited IRS agents visited a Sacramento car wash in search of 4 cents in unpaid taxes dating back to 2006, along with an extra $202.31 in penalties and interest.

Cloud accounting software vendor FinancialForce.com has introduced apps for the Apple iPhone and RIM BlackBerry.

Certify LLC has made improvements to its online expense management technology service, integrating it with QuickBooks and adding a user delegate feature to its software.

Accounting Today presents its 2010 list of the Top 100 Firms.