WebCPA Staff

Elliott Davis LLC, one of the largest accounting, tax and consulting services firms in the Southeast, has named R. Jason Caskey as office managing shareholder of the firm’s Columbia, S.C., location.

Wipfli has reached an agreement to provide accounting, tax and consulting services to clients of American Capital LLC, a Chicago-based firm that specializes in providing tax and succession planning services to high-net-worth individuals and their businesses.

Rep. Sander Levin, D-Mich., has been chosen as acting chairman of the House Ways and Means Committee, a day after Charles Rangel, D-N.Y., took a leave of absence from the leadership of the powerful tax-writing committee.

Sean David Morton, a nationally recognized psychic who bills himself as “America’s Prophet,” has been charged by the Securities and Exchange Commission with engaging in a multi-million-dollar stock offering fraud.

A woman who claimed to be an IRS agent working on an extended investigation amassed an unpaid bill of over $55,000 while staying at a California hotel for about two years, and is now facing up to three years in prison.

After two years of paying down debt and skipping family vacations, many Americans cautiously intend to start spending their tax refunds once again.

CPA firms across the country saw their fees flatten last year, according to a new survey, while income per partner fell 2.5 percent.

Massachusetts tax attorney Kevin Kilduff, who formerly worked for the IRS Office of Chief Counsel, has been barred from practicing before the IRS for 48 months for failing to file a federal tax return and filing another five returns late.

Company.com, an information portal for small and midsized businesses, has provided the following set of tips for small businesses to decrease their chances of being audited by the IRS.

The Senate has temporarily extended two provisions included in the Recovery Act that increase government guarantees and eliminate fees on small business loans.

Sen. John Thune, R-S.D., has introduced an amendment to a tax extenders bill that would create and expand small business tax incentives.

Sixty percent of CFOs intend to make big changes to adjust their organizations to new economic demands, according to a new survey.

The Securities and Exchange Commission has filed a settled civil complaint against Verint Systems, a former subsidiary of Comverse Technology, alleging a fraudulent scheme involving improper accounting practices.

Fears of a “double-dip” recession have increased, with more than half of financial executives predicting another downturn, according to a new survey, and most expecting job recovery to lag into 2011.

Under pressure from Congress, the Internal Revenue Service has once again extended its moratorium on collection enforcement actions on certain types of tax shelter penalties.

Small businesses lost 18,000 jobs in February, according to a report by payroll giant ADP.

Intuit is seeing small businesses beginning to hire again, based on a survey of its online payroll customers.

House Ways and Means Committee Chairman Charles Rangel, D-N.Y., has temporarily stepped aside as chairman of the powerful tax-writing committee amid mounting calls for his resignation.

The Securities and Exchange Commission voted last week to adopt a new rule to place certain restrictions on short-selling when a stock is experiencing downward price pressure.

Women are more likely than men to seek help in financial planning, according to a new survey.