WebCPA Staff

Weaver is expanding its presence in the San Antonio market by merging with Edelman Arnold, starting Jan. 1.

A group of Democratic lawmakers has introduced legislation that would impose a tax on Wall Street securities transactions.

The White House convened a jobs summit in which President Obama heard from business and union leaders about various proposals for reducing unemployment, including tax incentives for job creation.

The House voted to set the inheritance tax at 45 percent permanently for estates larger than $3.5 million.

Leaders of the Senate Committee on Small Business and Entrepreneurship have introduced legislation that would make permanent the $250,000 Section 179 expensing limits for small businesses created under the Recovery Act.

The BDO International network of accounting firms blamed difficult market conditions for a slight decrease in annual revenues in dollar terms, although the network actually came out ahead in terms of euros.

The Internal Revenue Service has issued its 2010 optional standard mileage rates for calculating the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

A new survey of nearly 1,000 small business owners across the U.S. found that over three-quarters of them have not taken advantage of new deferred-payment loans guaranteed by the U.S. Small Business Administration, and more than half are not aware of the loans’ availability.

The Justice Department has filed papers seeking a federal court order to authorize the IRS to serve a “John Doe summons” on Ralph Janvey, the court-appointed receiver of accused fraudster R. Allen Stanford’s investment companies, in an effort to identify Stanford’s clients.

The Securities and Exchange Commission has filed fraud charges against a health care financial services company after it allegedly provided investors with forged financial statements and audit reports to lure them into a $75 million investment scheme.

Intuit has sold its real estate management software business to Vista Equity Partners for approximately $128 million in cash.

The House Financial Services Committee has approved legislation aimed at preventing the failure of large financial institutions from turning into a systemwide crisis.

Private sector businesses cut 169,000 jobs last month, according to the latest employment report by payroll giant ADP, but that was the eighth consecutive month in which the decline in employment was less than in the previous month.

The Certified Financial Planner Board of Standards has appointed three new members to its board of directors.

The Virginia Society of CPAs has produced a free Financial Fitness Calendar for next year.

New Jersey accounting firm Cowan, Gunteski & Co., is merging in Woolston, Koerner & Co., building their combined presence in the Garden State.

Ireland San Filippo, a San Jose-based accounting firm, is being renamed Sensiba San Filippo.

Financial education provider Financial Finesse has launched a new Web site to promote financial literacy.

Friedman LLP plans to combine with Bagell, Josephs, Levine & Co., as of Jan. 1, building the New York-based firm’s presence in New Jersey.

The Internal Revenue Service has filed a lien for almost $80,000 against Arnold Schwarzenegger’s property, but the California governor’s office blamed the tax lien on sloppy recordkeeping, post office delivery problems and inconsistent tax identification numbers.