WebCPA Staff

The Securities and Exchange Commission has obtained an emergency asset freeze in a California courtroom against a company that raised $3.2 million from investors to fund TV and film post-production work by using the name of a well-known post-production company.

The Certified Financial Planner Board of Standards has released a free “Consumer Guide to Financial Self-Defense” to help the public spot any red flags that could signal that they’re working with a crooked financial advisor.

A Queens tax preparer has been sentenced to three to six years in prison after he sent threatening letters to a prosecutor who was investigating him for stealing from his clients.

A federal court in Pensacola, Fla., has sentenced three of nine promoters of a fraudulent tax-and-debt-elimination scheme to prison terms for their roles in tax fraud, wire fraud and money laundering.

Cloud-based document management software provider KnowledgeTree has partnered with Fujitsu to extend its third-party application interface, Hot Folders, to work with Fujitsu ScanSnap scanners.

The Internal Revenue Service disagreed with the recommendations of a new government report that it freeze more taxpayer refunds to give it time to validate them using information supplied by third parties.

EDGAR Online Inc. has released its I-Metrix “As Reported” XBRL Dataset, which includes all the detailed information contained in every Form 10-K and 10-Q document furnished to the Securities and Exchange Commission in Extensible Business Reporting Language format.

The National Society of Accountants gave awards for Accountant of the Year and other honors at its recent annual meeting.

The Internal Revenue Service is trying to decide whether it should make so-called “soft notices” a permanent part of its automated program for encouraging more voluntary compliance by taxpayers.

Taxpayers stuck in the current economic downturn will get at least some relief in 2011 thanks to the mandatory upward inflation-adjustments called for under the Tax Code, according to CCH

The Securities and Exchange Commission voted unanimously on Friday to propose requiring public companies to disclose more information to investors about their short-term borrowing arrangements.

The Internal Revenue Service’s Office of Chief Counsel should improve the timeliness of the private letter rulings it issues and reduce the number of rulings issued, recommended a new government report.

WebCPA and Accounting Today’s parent company SourceMedia has signed a strategic partnership with iLumen to offer a new online resource that will allow CPAs and other accounting professionals to monitor the financial performance of their business clients through an automated client analytics and business intelligence portal.

The Financial Accounting Standards Board is asking for input on how to improve the accounting for insurance contracts in financial reports through a new discussion paper.

The Treasury Department said that it has reached the milestone of processing its one-billionth electronic tax payment through its Electronic Federal Tax Payment System.

Financial Accounting Standards Board technical director Russell G. Golden has been appointed a member of the board, filling one of three vacancies on the newly expanded panel.

Warren, Averett, Kimbrough & Marino, one of Alabama's largest CPA and business consulting firms, has entered into a long-term recordkeeping and third-party administration service engagement with Dallas-based financial services firm, ISC Group Inc.

Kenneth M. Donohue, inspector general of the U.S. Department of Housing and Urban Development, has been hired by Reznick Group as a principal in the firm’s government services group.

The Tax & Accounting business of Thomson Reuters has added new wokflow features to its GoFileRoom document management application to provide a more proactive role in firm management and workflow.

The National Federation of Independent Business has selected CompuPay as its preferred payroll provider.