WebCPA Staff

Accounting firm Plante & Moran has introduced a “Liquidity Stress Test” tool that manufacturing businesses can use to assess their working capital needs.

Grant Thornton has introduced a service designed to speed companies through the bankruptcy and workout process.

The Internal Revenue Service issued an alert about new identity theft scams from fraudsters using the IRS’s name, logo and Web address.

General Electric has agreed to pay $50 million to settle Securities and Exchange Commission charges that the company reported false and misleading results in its financial statements.

Former IRS Commissioner Mark Everson has been named vice chairman of alliantgroup, a provider of specialty tax services to businesses, where he will advise the company on strategic, operational and client service initiatives.

Actor Nicolas Cage is facing a whopping tax lien of $6,257,005 from the Internal Revenue Service.

The Internal Revenue Service wants to hear from taxpayers, associations and other interested parties about any business tax controversies or disputes that its Industry Issue Resolution program can resolve.

Sageworks has released a new Industry Intelligence module for its ProfitCents suite of products.

BDO Seidman said the firm’s national director of accounting, Ben Neuhausen, has passed away after a prolonged illness.

More than two out of five business executives said in a recent poll that an accounting standard on business combinations is causing them to reassess their strategy for M&A deals.

The U.S. and Swiss governments have reportedly reached an agreement on the secret bank accounts of U.S. citizens that the IRS has been seeking from UBS.

Jerry O’Neill has joined accounting firm O’Connor Davies Munns & Dobbins as a partner in the firm’s Not-for-Profit Practice Group.

The Public Company Accounting Oversight Board has created an Investor Advisory Group to solicit input from investors on how to carry out the board’s responsibilities in overseeing public auditing firms.

Switching to International Financial Reporting Standards could prove to be a costly move for many companies’ IT departments, according to a new report by Ernst & Young.

The Treasury and Energy Departments plan to distribute at least $3 billion for renewable energy projects to companies that agree to forgo future tax credits.

NetSuite saw a 10 percent increase in revenue for the second quarter, jumping to $40.3 million this year from $36.6 million in last year’s second quarter, but the company also experienced a larger net loss on a GAAP basis.

Consumer taxes on items such as gasoline, cigarettes and retail sales are trending higher, according to a report by CCH.

PricewaterhouseCoopers has released a report recommending that companies do a better job of mitigating the risks of procurement fraud.

eCopy Inc. has introduced eCopy PaperWorks, a document-imaging software package that can be used by accounting firms.

BDO Seidman said its revenue for the fiscal year ended June 30 fell 5.9 percent to $620 million from last year’s revenue of $659 million.