WebCPA Staff

The American Institute of CPAs has sent the Financial Accounting Standards Board a letter criticizing FASB’s proposal to account for nearly all financial instruments at fair value.

Global CPA and business advisory firm Grant Thornton has acquired the Disputes and Investigations Practice of Huron Consulting.

Marcum LLP has combined with Stonefield Josephson, expanding the firm’s footprint to California and Hong Kong.

Internal auditors who combine likable personality traits with well-presented arguments do better at influencing managers’ accounting judgments and financial reporting estimates than auditors who are rude and provide information in a jumbled way, according to a new study.

The Internal Revenue Service is getting the word out to employers about a provision in the recently passed Small Business Jobs Act that allows them to amend their 401(k) or 403(b) plans to allow participants to transfer an eligible rollover distribution into a Roth 401(k) or 403(b) account.

The dog days of summer are ending and the 2010 tax season isn’t far behind.

Indianapolis accounting firms Murphy, McClary, Stover and Burnett LLC and Horn CPA Group PC have merged to form Meridian CPAs.

The Internal Revenue Service could collect more taxes from forgiven mortgage debt by expanding its information reporting and revising some of its forms, according to a new study from the General Accountability Office.

The Tax & Accounting business of Thomson Reuters has released a revised edition of “PPC’s Guide to Compilation & Review Engagements” to help practitioners comply with recent accounting standards.

The Internal Revenue Service responded to only 339 out of 350,000 calls made to a special phone line it has set up for hearing- and speech-impaired taxpayers, according to a new government report.

The Internal Revenue Service has issued guidance to provide relief to taxpayers who have suffered property losses due to the corrosive effects of imported drywall installed in their homes between 2001 and 2009.

Former Kansas City Chiefs pro football player Joe Bruner was sentenced to nearly a year in prison for assaulting a CPA whom he blamed for his troubles with the IRS.

CPA and business advisory firm Abrams Little-Gill Loberfeld has acquired the tax practice of Walpole, Mass.-based Lawrence K. Landy, CPA.

A New York-based startup company called Profitably has introduced a web-based small business analytics service in partnership with Intuit.

A three-month slide in small business confidence ended in September, driven in part by fewer small business owners reporting cash flow issues than they did in August, according to a new survey.

The Tax & Accounting business of Thomson Reuters has released new Competency Model software for its Checkpoint Learning system that provides self-assessment tools to measure proficiency in the subjects studied by users, along with roadmaps for career development.

Two New York City tax preparers are facing prison time and the payment of substantial sums of money in a pair of recent cases.

The American Institute of CPAs and 18 other groups have written a letter to congressional leaders encouraging them to ban tax strategy patents before adjourning.

Senate Finance Committee chairman Max Baucus, D-Mont., has sent a letter to IRS Commissioner Doug Shulman requesting him to investigate the use of tax-exempt groups for political advocacy.

IBM and ADP have joined forces to expand the availability of ADP TaxServices tax and compliance software to more types of businesses.