WebCPA Staff

pricewaterhousecoopers, taxes, pharmaceuticals, biotech, medical, health

KPMG and Thomson Reuters are partnering to help companies improve their governance, risk and compliance processes via Paisley GRC software.

The Internal Revenue Service has extended for another two years the Attributed Tip Income Program, which makes it easier for workers in the food and beverage industry to report the money they earn from tips.

Kurt Schacht, the managing director of the CFA Institute's Centre for Financial Market Integrity, is reportedly among the lead contenders to become chairman of the Public Company Accounting Oversight Board.

The tax subcommittee of the President’s Economic Recovery Advisory Board has decided to postpone its report outlining tax reform plans for the White House after being inundated with suggestions.

The SEC has charged a hurricane restoration company and several of its executives with lying about nonexistent business deals in the wake of Hurricane Katrina and fraudulently inflating the company’s stock price before the CEO sold millions of dollars in company shares.

The dispute between Overstock.com and Grant Thornton heated up after the Internet retailer’s chief accused the firm of “inconsistencies and inaccurate statements.”

South Florida accounting firms Daszkal Bolton and Chaves & Armstrong are combining to build a larger multinational tax and SEC accounting practice.

For the first time, the Securities and Exchange Commission has distributed more than $2 billion in a single calendar year to injured investors as a result of SEC enforcement actions and proceedings.

Sikich LLP has launched a technology-focused blog aimed at advising midsized businesses on better management through effective use of technology.

A federal judge has allowed a class-action lawsuit to proceed over the IRS’s handling of an $8 billion refund program for the now-defunct telephone excise tax.

Attorneys for actor Wesley Snipes are appealing his three-year prison sentence after he was convicted last year for failing to file his income taxes.

The Internal Revenue Service has found that the number of partnership returns increased 5 percent between tax years 2006 and 2007, from more than 2.9 million to over 3 million.

The Internal Revenue Service said it is temporarily closing its determination letter program for adopters of pre-approved defined-benefit plans.

The Financial Industry Regulatory Authority has fined Terra Nova Financial $400,000 for making more than $1 million in improper “soft dollar” payments to hedge fund clients for accounting expenses, estate planning fees and more questionable expenses.

The Financial Planning Association has named Martin Kurtz as its next president.

A recent ruling by the Tax Court could be highly favorable for taxpayers looking to claim the Research and Development Tax Credit.

The International Public Sector Accounting Standards Board has published a paper questioning how financial statements can provide more information about the long-term sustainability of current government programs.

The First-Time Homebuyer Tax Credit helped spur a 10.1 percent jump in sales of existing homes in October.

Enterprise software provider AFS Technologies has announced a cash acquisition of certain assets of Canton, Mass.-based revenue management and billing solutions provider Softrax Corp.