WebCPA Staff

Actor Nicolas Cage reportedly owes $128,000 in back taxes on a Rhode Island mansion that he has been trying to sell to settle his personal IRS tax debts.

JHI, a global network of independent accounting, business advisory, and financial consultancy firms, is now being managed by CMA Association Management, as of Jan. 4.

Florida accounting firm Kauffman, Rossin & Co. has brought on board the team from Ft. Lauderdale-based London Witte & Co.

A former Internal Revenue Service employee has pleaded guilty to one count of receiving a bribe.

A San Fernando tax preparer has pleaded guilty to charges that she filed false tax returns and stole her clients’ refund checks.

A UBS banking client who pleaded guilty to concealing $6.1 million in secret Swiss bank accounts has been sentenced to five years’ probation, even as the whistleblower who helped expose the UBS tax evasion scheme is set to begin a prison term Friday.

KPMG’s Audit Committee Institute has provided a list of the top 10 “to-do’s” for audit committee members this year.

A group of 750 small business owners regularly surveyed for the Discover Small Business Watch offered the following 10 tips for 2010 based on the lessons learned last year:

The Internal Revenue Service said new user fees now apply to exemption applications for tax-exempt organizations, ruling requests and other matters for 2010.

Publishing software provider Quark has introduced a new Web-to-print service for small businesses, including accounting practices.

Carlo V. di Florio, a former partner in PricewaterhouseCoopers’ Financial Services Regulatory Practice, has been named director of the SEC’s Office of Compliance Inspections and Examinations.

Deloitte won a lawsuit against a former partner and vice chairman accused of profiting from insider trading on clients’ stocks and violating the firm’s conflict-of-interest rules.

Private sector employers shed 84,000 jobs last month, according to monthly employment figures from payroll giant ADP, but the service sector gained jobs, especially at small businesses.

National Taxpayer Advocate Nina Olson said the IRS needs to do better than answering only 71 percent of the calls it receives from taxpayers, and it should stop filing tax liens against people who don’t have the ability to pay.

California accounting firms Macias Gini & O’Connell and Bernstein, Fox, Whitman, Goldman & Baumblatt LLP have combined forces.

San Diego wealth management firm Rowling, Dold & Associates has joined Moss Adams Wealth Advisors, the wealth management division of accounting firm Moss Adams.

The Kansas Department of Revenue warned that it may take up to 16 weeks to process state tax returns filed on paper as the state copes with budget cuts.

Payroll giant ADP has agreed to buy DO2 Technologies, a Calgary, Alberta-based company that provides electronic invoicing software.

A total of 169 federal securities class-action lawsuits were filed in 2009, a sharp decline from 2008.

Intuit has introduced a contest that will give QuickBooks Premier Accountant 2009 and 2010 customers the opportunity to win $1,000 by using the Client Data Review feature.