WebCPA Staff

Intuit has named eight new members to its 17-person Accountant and Advisor Customer Council.

The Center for Audit Quality and other influential organizations are asking leaders of the House Financial Services Committee to safeguard the role of the SEC in overseeing the Financial Accounting Standards Board.

The International Accounting Standards Board has issued a revised version of its standard for related-party transactions, simplifying the disclosure requirements and clarifying the definition of a related party.

Businesses with less than 50 employees shed 75,000 private sector jobs in October, according to the latest monthly employment report from payroll giant ADP.

An IRS employee has admitted to stealing money from the mail that had been sent to the facility where she worked.

Financial planning trade groups have written a letter to congressional leaders protesting an amendment that would extend the regulatory authority of the Financial Industry Regulatory Authority to cover investment advisers who are associated with broker-dealers under FINRA authority.

David Friehling, the accountant whose firm signed off on audits of Ponzi schemer Bernard Madoff, has pleaded guilty to essentially rubberstamping his client’s financials.

Productivity software provider RedPrairie plans to offer pre-integrated application modules on software developer NetSuite’s cloud computing platform.

Congress decided last year to waive required minimum distributions from retirement savings plans for 2009, but there is still some confusion about how to apply the waiver.

Two Minneapolis-area CPA firms, Carver Moquist & O’Connor and TK Advisors Ltd., have merged to form a larger advisory firm to service the Twin Cities.

The International Federation of Accountants has released a new online chart showing the growing adoption of International Standards on Auditing.

Political campaign consultant and pundit Ed Rollins reportedly owed over $1.33 million, according to federal and state tax liens and warrants filed this year, although he claims to have paid off much of the debt.

Forty-three percent of taxpayer requests for copies of tax returns or transcripts were processed incorrectly or not in accordance with IRS guidelines, according to a new report.

FedEx said the IRS’s audit team has decided not to assess federal employment taxes on FedEx Ground’s home delivery drivers, whom the company considers to be independent contractors.

Microsoft has announced it will stop distributing its Office Accounting as of Nov. 16 but will continue to offer product support for the software for five years.

Electronic tax filing set a new record this year, with 95 million individual federal income tax returns e-filed, up nearly 6 percent from last year’s total of nearly 90 million.

The Federal Trade Commission has once again extended the deadline for enforcing the so-called “Red Flags Rule” that requires financial institutions and creditors to develop identity theft prevention programs.

Sage North America has honored Blytheco of Laguna Hills, Calif., as its business partner of the year and announced its Chairman’s Club and President’s Circle for 2009.

The Internal Revenue Service needs to better manage the collection notices it sends to individuals, according to a new report from the Government Accountability Office.

Vertex has announced an online certification program through which continuing professional education credits can be earned.