WebCPA Staff

The Internal Revenue Service’s Criminal Investigation division is reportedly examining the books of the former Planned Parenthood Golden Gate, which lost its affiliation with the national Planned Parenthood last Friday amid questions about the group’s financial administration.

President Obama is scheduled to deliver a speech Wednesday in which he will reportedly propose a series of business tax cuts, along with new infrastructure spending.

The Internal Revenue Service has issued guidance on the purchases of over-the-counter medicines and drugs with flexible spending arrangements and health savings accounts next year in light of the changes in the health care reform bill.

The International Federation of Accountants’ Professional Accountants in Business Committee has released a paper highlighting how employer expectations of professional accountants in business are expected to change in light of global trends and evolving organization needs.

A jury has entered a guilty verdict against a former BDO Seidman partner who advised a client on how to include false items on his joint income tax returns for three years in a row.

The Labor Department reported Friday that non-farm payroll employment fell by 54,000 in August, largely because of government layoffs, including 114,000 temporary workers hired for the census being laid off, along with state and local government workers.

The Public Company Accounting Oversight Board has written to Congress with a draft bill that would amend the Sarbanes-Oxley Act to allow it to make its disciplinary hearings of accounting firms and auditors public.

H&R Block is cutting costs and will be closing more offices before next tax season, allowing the company to reduce its continuing losses.

PricewaterhouseCoopers announced that Tom Boniface has joined the firm as co-leader of PwC's Indirect Tax practice in New York, focusing on value-added taxes.

Los Angeles-based accounting and business advisory firm RBZ LLP has promoted 11 of its accounting professionals.

Crocodile Dundee star Paul Hogan lashed out at Australian tax authorities after he was barred from leaving the country until he settles a multimillion-dollar tax debt.

The Treasury Department said it would launch a new pilot program next tax season for people without bank accounts, directly depositing their tax refunds in special accounts that they will be able to access with debit cards.

The average fraud perpetrator has no prior fraud charges or convictions, is between the ages of 31 and 45, and is somewhat more likely to be male than female, according to new research by the Association of Certified Fraud Examiners.

The IRS’s increased emphasis on enforcement, rising caseloads, the economy, and recent legislative changes are among the many challenges confronting the Taxpayer Advocate Service, according to a new report.

CCH has begun offering outsourced sales and use tax return preparation and filing services to corporate accounting and tax departments.

The Financial Accounting Standards Board has issued a proposed set of standards that aim to shed more light on the financial reports of organizations that participate in multi-employer pension plans and other post-retirement benefit plans.

Revenue inched up an average of just 1.4 percent at CPA firms around the country last year, in sharp contrast to previous years, as the recession hit the accounting industry with full force.

Small businesses won a record $96.8 billion in federal prime contracts in fiscal year 2009, an increase of more than $3 billion from fiscal year 2008, but still fell somewhat short of the federal government’s 23 percent goal for small business contracting.

Eighty-six percent of small business owners are concerned that the economy may experience a double-dip recession, according to a new survey.

A pair of employment reports indicated that small businesses cut back on their hiring last month.