WebCPA Staff

Heightened unemployment concerns, continued expectations for a “double-dip” recovery, and high levels of economic uncertainty have dampened optimism by finance professionals, according to a new survey.

Sage Payment Solutions, the payments division of Sage North America, and payment technology developer Ingenico have partnered to bring to market an integrated payments offering for small and midsized businesses.

New York State Society of CPAs executive director Joanne S. Barry has been appointed as a member of the AICPA Foundation Board of Trustees.

Members of the American Institute of CPAs have voted by an 81.39 percent majority to modernize the AICPA's admission requirements to allow more people to join the institute, even if they no longer practice accounting or were never practitioners.

The average U.S. state sales tax rate increased to a record average of 5.52 percent in the first nine months of 2010, the highest level since at least 1982, according to a new report.

Many executives continued to be paid extravagantly last year with little or no regard to corporate performance, according to a new report.

The Financial Accounting Standards Board has issued an exposure draft of proposed changes in the standards for financial reporting about troubled debt restructurings.

Dutch financial markets regulator Hans Hoogervorst will succeed Sir David Tweedie as chairman of the International Accounting Standards Board next June when Tweedie retires from the most powerful and influential position in the accounting profession.

Prosecutors have charged rapper Beanie Sigel with three counts of failing to file federal income tax returns from 2003 to 2005, despite earning approximately $1.5 million.

Brooklyn attorney William Halby has lost his latest try at deducting his expenses for prostitutes, erotic massages, and pornography from his tax returns.

ADP has acquired MasterTax LLC and MasterTax Services, expanding the payroll giant’s array of payroll tax and compliance services.

Spreadsheet analysis and management application developer Incisive has released Concourse, spreadsheet collaboration and control software that gives audit teams the ability to use Microsoft Excel to proactively manage risk and exposure.

Four members of Congress have written to IRS Commissioner Doug Shulman asking him to investigate potential tax irregularities by three tax-exempt groups that run college football bowl championships.

Father and son hotel developers were convicted of tax fraud after they were accused of concealing more than $150 million in assets and failing the report $49 million in income.

Watchdog groups Democracy 21 and the Campaign Legal Center have called on the Internal Revenue Service to investigate whether Crossroads GPS, a 501(c)(4) tax-exempt organization reportedly founded by former George W. Bush advisors Karl Rove and Ed Gillespie, is operating in violation of its tax status.

Patrice Tierney, the wife of Rep. John F. Tierney, D-Mass., has pleaded guilty to filing false tax returns in connection with an offshore Internet gambling scheme.

UHY LLP has published a new guide aimed at updating middle-market companies on what they need to know about International Financial Reporting Standards.

Sen. Olympia Snowe, R-Maine, criticized the U.S. Small Business Administration after it missed a deadline to send comments to the Treasury Department and the IRS about a controversial new 1099 reporting requirement for businesses.

The International Accounting Standards Board has amended its standards on financial instrument disclosures to beef up the disclosure requirements for financial asset transfer transactions such as securitizations, and discourage questionable balance-sheet “window dressing.”

The Public Company Accounting Oversight Board is taking a new approach to getting its inspectors in the door of auditing firms outside the U.S. that claim they can’t be inspected because of legal restrictions from foreign officials.