WebCPA Staff

Financial Accounting Standards Board Chairman Bob Herz said the $64,000 question is, “Where are we going with IFRS?” as he described plans for FASB and the International Accounting Standards Board to work more closely on uniting U.S. GAAP with International Financial Reporting Standards.

The IRS has filed a tax lien against actress Zsa Zsa Gabor, claiming she owes $118,321 in unpaid taxes for 2001 and 2002, but her lawyer claims that it’s Bernard Madoff’s fault.

Optimism about the economy among CPAs appears to have stalled, according to a new survey.

The Making Work Pay Credit, a tax credit that was a signature part of President Obama’s economic stimulus package in February, could lead to more than 15.4 million people owing additional taxes, according to a new government report.

Moore Stephens Wurth Frazer and Torbet LLP plans to merge with Frost PLLC at the beginning of next year.

In a move designed to bolster its global transaction tax offerings, Thomson Reuters Tax & Accounting has agreed to acquire San Ramon, Calif.-based Sabrix, a provider of tax transaction software, for an undisclosed amount.

QuickBooks parent Intuit Inc. has unveiled Customer Manager, a CRM service for small businesses that provides online and mobile access to customer data.

Anoowa Inc. has released its billFLO seller application programming interface for electronic invoicing for accounting system vendors, allowing invoices to automatically be imported into accounting systems.

The Securities and Exchange Commission has charged two computer programmers for helping convicted Ponzi schemer Bernard L. Madoff cover up fraud at his investment advisory firm for more than 15 years.

The Securities and Exchange Commission has appointed Paul A. Beswick as deputy chief accountant, overseeing the accounting group within the SEC’s Office of the Chief Accountant.

The IRS has decided not to assess extra employment taxes for 2004 to 2006 on FedEx for the delivery drivers that the company considers to be independent contractors.

Deloitte Financial Advisory Services has admitted new partners, directors and a principal.

The Internal Revenue Service has released guidance to employers paying wages to nonresident alien employees for services performed within the U.S.

President Barack Obama said Thursday he plans to hold a forum in December at the White House on jobs and economic growth.

The Financial Accounting Standards Board has beefed up the disclosure requirements for some types of fair value measurements.

Joseph “Jody” R. Allred, a CPA and partner with accounting firm Weaver, has earned a Certified Information Systems Auditor designation from the Information Systems Audit and Control Association.

Konowitz, Kahn & Company, P.C., has expanded its tax specialty with the addition of a new director, Magda B. Szabo.

Public accounting and advisory firm Vrakas/Blum, S.C., recently added Katherine K. Minckler, CPA, to its professional staff.

The Tax & Accounting business of Thomson Reuters has released a state apportionment planning tool on its Checkpoint online research service.

The former CFO of the American Cancer Society has formed her own CPA firm.