WebCPA Staff

A coalition of charities, aid groups, unions, and movie actors and directors has launched a campaign calling for a global 0.05 percent tax on banks’ speculative financial transactions, with the proceeds going to combat poverty and climate change.

A series of surveys conducted in the past decade suggests that CFOs may be staying in their jobs longer.

Shoeboxed.com has introduced a service that scans in piles of receipts from an accountant’s various clients, archives the documents, and allows the accountant to view and manage the receipts via the Internet.

Corporate budgets for salary increases are barely keeping up with the rate of inflation in the U.S. this year, and are projected to fall below 3 percent for the first time in over two decades.

Many U.S. employers intend to restore company 401(k) matches that were suspended or reduced during the market downfall, according to a new survey by HR consultancy Hewitt Associates.

More than half the respondents in a recent survey said they are confident their board would be prepared to disclose how it oversees risk in order to address the SEC’s new disclosure requirements.

The Iowa Attorney General has filed criminal charges against two filmmakers and the former head of the Iowa Film Office accusing them of mishandling over $1.85 million in tax credits for a movie production.

Cougar Mountain Software has added new data conversion and 64-bit features to its Denali accounting software.

Accounting firm Grassi & Co. is expanding its presence in New York and New Jersey, with the partners and staff of Soloway, Goldstein, Silverstein & Co. joining the firm in Manhattan.

The Internal Revenue Service has lifted a $79,064 tax lien on California Governor Arnold Schwarzenegger.

President Barack Obama has called for expanding the size of loans made through the Small Business Administration’s SBA Express program from $350,000 to $1 million.

The Tax Division at the American Institute of CPAs has created a task force to respond to a recent IRS proposal that would require companies to disclose their uncertain tax positions.

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AccuFund has upgraded the Loan Tracker module in the latest version of its accounting software for nonprofit, municipal and government organizations.

The Financial Accounting Foundation has a new responsibility: ongoing maintenance of the U.S. GAAP Financial Reporting Taxonomy in the new data-tagging format mandated by the SEC.

Cloud computing business software developer NetSuite reported revenue increases for both 2009 and the fourth quarter.

A former UBS client who owned and operated several businesses that manufactured and sold watches has pleaded guilty to tax charges related to concealing over $10 million in secret Swiss bank accounts.

The National Notary Association has published a much-anticipated revision of its Model Notary Act with fraud deterrence, identity theft, and electronic document protection rules, to improve the standards of care for notaries.

Fraudulent acts by employees and outsiders have risen since the beginning of the recession, and internal auditors predict the trend will continue through the rest of the year, according to a new poll of nearly 300 chief audit executives by the Institute of Internal Auditors.

The American Institute of CPAs has released a technical practice aid outlining the accountant’s responsibilities for subsequent events in compilation and review engagements.