WebCPA Staff

Redcort Software has updated its Virtual TimeClock software with new employee time-tracking and reporting features.

Four former Ernst & Young partners have been sentenced for their roles in tax shelter schemes.

Sometime-rivals Intuit and Microsoft are now partners in an effort to encourage software developers to use technology from the two companies to create Web-based applications for small businesses that run QuickBooks.

The Internal Revenue Service issued guidance that designates the earthquake in Haiti in January 2010 as a qualified disaster for federal tax purposes.

The Internal Revenue Service has issued advice on how to claim the Making Work Pay Tax Credit that was included in the Recovery Act if an employer has not provided the full credit.

The Senate has unanimously passed legislation that allows taxpayers to deduct charitable contributions to aid victims of the devastating earthquake in Haiti.

The Internal Revenue Service has increased its maximum value limits for employer-provided vehicles this year.

President Barack Obama proposed new restrictions Thursday on the size and scope of financial institutions to limit their ability to engage in risky trading practices.

Internal auditors will soon be playing a larger role in ensuring the security of credit card information.

CCH has improved the search and navigation features in its IntelliConnect tax and accounting research service.

Reinsurance company General Re Corp. agreed to pay over $92 million to settle charges related to its role in separate schemes with AIG and Prudential Financial to manipulate and falsify their financial results.

The Financial Accounting Standards Board and the International Accounting Standards Board tentatively decided to define fair value as an exit price during a three-day joint meeting this week.

The House of Representatives unanimously passed legislation Wednesday that would allow individuals who make charitable contributions to victims of the earthquake in Haiti to claim an itemized charitable deduction on their 2009 tax return instead of having to wait until next year to claim the deductions on their 2010 tax return.

SS&G Healthcare Services, the health care services consulting arm of accounting firm SS&G, has promoted four of its professional staff members.

Eighty-seven percent of small business owners say their business will perform at least the same or better in 2010 compared with 2009, and 57 percent are cautiously optimistic that the new year will bring an end to the pain of the recession, according to a new survey.

Sage unveiled the latest version of its midrange enterprise resource planning and accounting software, Sage ERP X3 v6, and said it was taking a new international approach to developing the software.

Intacct has enhanced its cloud financial management and accounting applications for businesses and CPA firms with its Winter 2010 edition.

Multinational accounting and advisory firm Mazars Group has been in talks with New York-based Weiser LLP in a merger that would create the sixth largest accounting firm in the world.

A spokesperson for Brooke Shields has denied that the actress and her husband owe the Internal Revenue Service over $10,000 after the agency filed tax liens against the couple.

Grant Thornton anticipates state budgets will remain under pressure this year even if the economy improves.