WebCPA Staff

A federal grand jury has indicted the owner and former owner of a Hawaiian car dealership, along with their CFO, accountant and others, for tax fraud.

The Senate approved legislation on Thursday that would provide $12 billion in tax breaks to small businesses, along with a $30 billion lending fund.

The National Society of Accountants has elected a new slate of officers, district governors and state directors at its 65th Annual Meeting.

Senate Finance Committee Chairman Max Baucus, D-Mont., introduced the latest version of the tax cuts extenders bill on Thursday in another effort to extend a large number of tax breaks that have either expired or are about to expire for individuals and businesses, including new incentives for companies to hire workers.

A federal court judge has upheld New York University’s decision to deny an MBA degree to a CPA who neglected to tell the graduate business school about his conviction on insider trading charges.

Katz, Sapper & Miller LLP has renamed its KSM Business Technology LLC practice as KSM Consulting LLC to reflect the practice’s growing array of business services.

The National Federation of Independent Business Index of Small Business Optimism gained 0.7 points in August, rising to 88.8.

A federal agent has filed a declaration accusing a man of receiving $2.7 million in fraudulent income tax refunds using the names and identities of people listed with several state agencies.

The Internal Revenue Service plans to host a special nationwide open house on Saturday, Sept. 25, to help taxpayers — especially veterans and people with disabilities — solve tax problems and respond to IRS notices.

The Internal Revenue Service has released its first set of guidance on the newly codified economic substance doctrine.

Jon Baron, who has presided over Thomson Reuters Tax & Accounting’s Professional Software and Services business for the past five years, has been appointed president of a new Americas Business Unit within the company’s Workflow & Services Solutions group.

The Securities and Exchange Commission has appointed J.W. "Mike" Starr as deputy chief accountant for policy support and market monitoring in the agency's Office of the Chief Accountant.

A majority of state and local government workers are not certain if they have enough money set aside for their retirement, according to a new study.

The Tax & Accounting business of Thomson Reuters recently added several titles to Checkpoint, its research service with more than half a million users.

The American Institute of CPAs has launched a competition for college students to improve the sustainability practices in businesses.

A bill providing $12 billion in tax breaks and a $30 billion lending fund for small businesses passed a key hurdle in the Senate on Tuesday when two Republican lawmakers voted to join Democrats to cut off debate.

The Senate was unable to produce enough votes to end debate on two amendments that would have repealed or scaled back the expanded 1099 reporting requirements for businesses in the health care reform bill.

The Obama administration has re-launched its National Financial Capability Challenge for high school students to mark the back-to-school season.

Finance hiring is expected to increase slightly in the fourth quarter, according to a new survey.

A spokesman for Senate Minority Leader Mitch McConnell, R-Ken., said Senate Republicans are uniformly opposed to letting the Bush tax cuts expire for even the wealthiest taxpayers.