WebCPA Staff

The Governmental Accounting Standards Board has issued final standards on postemployment benefits and municipal bankruptcy.

H&R Block has agreed to repay between $11.4 million and $19.4 million to settle a lawsuit brought by New York State Attorney General Andrew Cuomo over the tax prep chain’s marketing of high-fee individual retirement accounts to customers.

LECG shareholders have approved the consulting firm’s merger with Smart Business Advisory & Consulting along with a related proposal for LECG to receive a $25 million cash investment from Smart’s majority shareholder, Great Hill Partners.

CBIZ Inc. and its affiliated CPA firm Mayer Hoffman McCann have acquired Goldstein Lewin & Co., a South Florida accounting and financial services provider.

Jackson Hewitt has signed an amended agreement with Republic Bank & Trust to act as a partner for refund anticipation loans after the tax prep chain’s previous partner, Santa Barbara Bank & Trust, was forced to stop providing RALs.

BDO Seidman is shortening its name to BDO, joining 115 other member firms of the BDO International network around the world in the rebranding movement.

Southeast regional accounting firm Carr Riggs & Ingram has combined with New Orleans-based Roth Murphy Sanford, expanding CRI’s footprint to six states.

The Microsoft Business Solutions group is advising customers to be aware of changes to European Union value-added tax law that will take effect Jan. 1, 2010.

At Grant Thornton LLP’s Annual Partners Meeting in November, the partners and principals elected Chicago-based audit partner Jeff Robinson to the firm’s Partnership Board.

The Internal Revenue Service has expanded the time window to 120 days during which it may share a taxpayer’s tax return information with third parties, based upon a taxpayer’s written disclosure authorization.

5280 Solutions has released DynamicRM, records management software that integrates with Microsoft’s SharePoint collaborative software.

Public companies in Argentina will be required to adopt International Financial Reporting Standards starting in 2012.

Most turnaround professionals predict a hard slog toward economic recovery in 2010 as businesses weighed down by debt hit rough patches and credit markets shun them, according to a new survey.

The California Board of Accountancy is requiring CPAs licensed in California to take additional ethics education classes starting in the New Year, and all accounting firms in the state will be subject to peer review.

Breaking bread with key contacts is good business, according to a recent survey of CFOs.

With the New Year swiftly approaching, small and midsized businesses can start planning how to improve their operations in 2010, even if the economy isn’t helpful, according to a financial services firm.

The Internal Revenue Service has issued a set of proposed rules that would make it easier for tax preparers to contact clients about tax law developments, send out newsletters and deal with liability insurance claims.

Economic confidence among America’s small-business owners was steady in December as fewer of them believe the U.S. economy is getting worse compared to November, according to a new survey.

The Financial Accounting Standards Board has issued a proposed accounting standards update on its subsequent events standards, amending certain recognition and disclosure requirements to avoid a conflict with the SEC.

Tax revenue for state and local governments fell 6.7 percent in the third quarter, according to the U.S. Census Bureau, marking the fourth consecutive quarter of negative growth.