WebCPA Staff

The Senate has voted unanimously to reauthorize the Small Business Innovation Research and Small Business Technology Transfer programs for eight more years and make several changes to the programs that provide monetary awards to small businesses.

Optimism among small business owners about the economy fell last month, according to a new survey.

The Public Company Accounting Oversight Board has released reports on the audit deficiencies that its inspectors found last year at BDO Seidman and Grant Thornton.

BNA has acquired the training seminar and conference businesses of the Council for International Tax Education, Atlas Information Group and the Structured Finance Institute.

The International Accounting Standards Board has proposed changing the accounting standards for measuring and classifying financial instruments in response to concerns raised by the financial crisis.

The Internal Revenue Service has expanded its lists of “transactions of interest” and “listed transactions” that taxpayers must disclose if they are participating in any of them.

House Democrats have introduced health care legislation that would impose a surtax on upper-income taxpayers, and penalties on many small businesses that don’t provide health insurance coverage to employees.

Richard Hatch, the first-season winner of “Survivor,” has requested an early release from his in-home jail sentence for tax evasion so he can rejoin the show and win enough to pay back the IRS, but the judge said no.

Camico Mutual Insurance and Liberty International Underwriters are partnering on an insurance program for CPA firms that provides coverage against malpractice claims.

The Center for Audit Quality’s Research Advisory Board has chosen five auditing-related academic research projects to fund.

The Internal Revenue Service plans to hold a series of public forums this summer to get input on regulating tax preparers.

The Tax & Accounting business of Thomson Reuters has released ONESOURCE Transfer Pricing Documenter, an online application that allows users to create analyses of transfer prices.

Accounting firm Crowe Horwath LLP has advice on the top 10 ways that corporations can reduce occupational fraud.

Accounting firm Breslow Starling has been accepted into the Employee Benefit Plan Audit Quality Center by the American Institute of CPAs.

Turmoil in the financial markets has negated the value of fair value accounting, according to more than half the respondents to a new survey.

House Ways and Means Committee Chairman Charles Rangel, D-N.Y., has been called to the White House to discuss his proposed surtax on the wealthy to pay for health insurance reform.

The U.S. and Swiss governments have requested a stay on the court hearings that were set to begin Monday on whether UBS could be forced to divulge the names and bank holdings of 52,000 U.S. taxpayers.

The Obama administration has proposed legislation to Congress that would establish consistent standards for anybody who provides investment advice.

Intacct president and CEO Mike Braun plans to retire by the end of the year.

Accountant training materials provider Universal Accounting reported growth in revenue this year.