WebCPA Staff

Ohio’s CPAs are delaying their earlier prediction for when a sustainable U.S. economic recovery will begin, according to a new poll by the Ohio Society of CPAs.

Texas accounting firm MaloneBailey has named Wesley Middleton as its managing partner to pave the way for market expansion, with founder John Malone taking the role of SEC practice leader.

Baywatch star Pamela Anderson is facing a pair of tax liens from both the Internal Revenue Service and the state of California.

President Obama described a series of proposals aimed at encouraging companies to add more jobs, including tax cuts for small businesses.

The Securities and Exchange Commission has charged three former top officers of New Century Financial Corp. with securities fraud for misleading investors as the company’s subprime mortgage business was collapsing in 2006.

Senate Finance Committee ranking member Charles Grassley, R-Iowa, has introduced a bill that would make permanent a number of education-related tax relief measures dating back to 2001, when he was committee chairman, and increase others.

The number of Securities and Exchange Commission settlements declined for the second consecutive fiscal year in 2009, with 626 defendants, compared to 673 in fiscal year 2008, according to a new report.

Large corporations have dominated the use of the research tax credit, with 549 corporations with receipts of $1 billion or more claiming over half of the $6 billion of net credits in 2005, the most recent year available, according to a new study by the Government Accountability Office.

FASB Chairman Robert Herz and AICPA Accounting Standards Executive Committee Chairman Jay Hanson separately acknowledged that many assets and financial instruments do not need to be measured at fair value on the balance sheet.

The U.S. Supreme Court heard oral arguments in a lawsuit challenging the constitutionality of the Public Company Accounting Oversight Board, with several justices appearing to take the plaintiffs’ side in the case.

The Internal Revenue Service has appointed Victor Song as the new chief of its Criminal Investigation division, replacing Eileen Mayer, who is retiring next month.

The Trustees of the International Accounting Standards Committee Foundation, which oversees the International Accounting Standards Board, said they are seeking nominations to identify a successor to IASB Chairman Sir David Tweedie.

A new online poll by Deloitte Financial Advisory Services found that 27.4 percent of executives reported cuts in their companies’ compliance and internal audit departments.

Greatland, a national provider of W-2 and 1099 products, has launched speedEfiler, an online reporting tool for small and midsized businesses.

The Receivables Exchange, an online marketplace for trading accounts receivable, is connecting with Ariba’s spend management system.

Esker has released its Esker on Demand Accounts Payable system for businesses running SAP.

Indiana accounting firm Greenwalt Sponsel & Co., Inc., has taken on a new identity: Greenwalt CPAs.

KPMG is partnering with Guidance Software to offer services that use Guidance’s EnCase eDiscovery software with KPMG’s forensic technology services.

The Internal Revenue Service has issued a new tax guide to help taxpayers and tax preparers get the most out of new recovery tax breaks and get a jump on preparing 2009 income tax returns.

Fifty-seven percent of the senior business executives surveyed by KPMG’s Tax Governance Institute expect some type of value-added tax to be introduced in the U.S. within five years, and 18 percent anticipate a VAT within 10 years.