WebCPA Staff

Method Man, a member of the hip-hop collective the Wu-Tang Clan, has been arrested on felony charges of failing to file New York State income tax returns for 2004 to 2007 and not paying $32,799 in personal income taxes for the same period.

A retired Boeing sales manager is the latest UBS client to plead guilty to filing a false tax return after the Swiss bank agreed to disclose the identities of some of its U.S. clients.

The Association of Chartered Certified Accountants recommends in a new report that environmental regulators should work with international accounting standard-setters to develop a universally applicable climate change reporting standard for organizations of all sizes.

A husband and wife who owned and operated hair salons in Southern California were sentenced to prison for failing to pay payroll taxes.

Accounting firms Parente Randolph and Beard Miller Co. have officially become ParenteBeard.

The Financial Accounting Standards Board has expanded the use of interactive data-tagging technology in its official FASB Accounting Standards Codification.

Camico is expanding the range of insurance options it is offering to members of the California Society of CPAs.

The Securities and Exchange Commission has again delayed the deadline for small public companies to begin providing an audited assessment of internal controls over financial reporting, but said this will be the last time.

Accounting firm Reznick Group has created a SAS 70 site that contains information on the auditing standard and the firm’s services.

Fifty-two percent of consumers believe their financial prospects will improve over the next 12 months, and 61 percent of small business owners are expressing similar optimism about their businesses' potential growth, according to a new survey by Intuit’s Digital Insights division.

Sage Software has introduced Simply Accounting by Sage 2010, the latest version of its accounting software for small businesses.

Police have raided the offices of PricewaterhouseCoopers and KPMG in Iceland searching for information related to banking clients that went bust.

The Senate Finance Committee wrapped up its grueling work on the health care reform bill late Thursday evening after turning back a tax-related amendment.

The IRS’s paid informant program yielded 476 tips last fiscal year about 1,246 tax evaders after Congress substantially revamped the program in 2006.

McGladrey & Pullen has promoted three individuals in its New York office.

Accounting firm association Kreston International has named Sue Almond as director of quality and professional standards.

The time is nigh, saith the IRS, for millions of taxpayers who have filed for extensions to send in their 2008 returns by Oct. 15.

The Public Company Accounting Oversight Board has delayed the effective date of its new rules requiring accounting firms to report on events such as litigation so it can resolve technical issues with the Web-based system it plans to use for receiving the reports.

The Institute of Internal Auditors is asking companies to lend some of their “brightest and budding” internal audit practitioners to serve on six-month rotational fellowships at the institute and influence the evolution of the internal audit profession.

Two accounting firms in the Lone Star State, TravisWolff Co. and Burnside Rishebarger, merged Thursday, creating a combined firm with over $25 million in annual revenue.