WebCPA Staff

Document management solutions provider Doc.It Corp has inked a partnership with Technology Services Corp. to deliver a set of document management technology and services to the U.S. accounting market, including workflow, portals, backup and implementation services.

The Tax & Accounting business of Thomson Reuters has released a new product that helps accountants and clients collaborate online, along with the latest version of its tax-provisioning software.

The Internal Revenue Service lost an estimated $90 million in revenue for tax year 2008 because of erroneously claimed foreign earned income tax exclusions, according to a new government report.

The Financial Accounting Foundation and the Securities Exchange Commission have released a proposed 2011 U.S. GAAP Financial Reporting Taxonomy that public companies will be expected to use when filing their financial reports with the SEC.

The Securities and Exchange Commission has charged two former senior accounting professionals at headphone maker Koss Corp. with accounting fraud, books-and-records violations, and related misconduct arising from the embezzlement of more than $30 million from the company.

The Obama administration said that nearly 2,000 employers and unions have been accepted in the first round of the $5 billion Early Retiree Reinsurance Program created under the health care reform bill.

The Financial Planning Coalition has asked the Securities and Exchange Commission to extend the fiduciary standard of care to broker-dealers and other financial professionals who provide personalized investment advice to retail customers.

People filing for Chapter 7 and Chapter 13 consumer bankruptcy protection are facing as much as a 55 percent cost increase as one result of the 2005 comprehensive bankruptcy reforms, according to a new study.

Actor Wesley Snipes has filed documents with a Florida court requesting a new trial, claiming “jury misconduct.”

The American Institute of CPAs has contracted with the National Association of Certified Valuation Analysts to develop a course to help CPAs prepare for the qualifying exam for the Certified in Financial Forensics credential.

The Texas Society of CPAs pointed to what it sees as several problems in the Financial Accounting Standards Board’s proposed standards for financial instruments in a stinging letter addressed to the board.

The Tax & Accounting business of Thomson Reuters has acquired Boskage Commerce Publications Ltd., a provider of international trade publications and training materials, WebCPA has learned.

The Internal Revenue Service seized a movie poster of the Al Pacino remake of “Scarface,” along with a Breitling Bentley wristwatch when it raided the home of rap singer Young Buck earlier this month.

Taxpayers will be able to receive their income tax refunds on a reloadable prepaid Western Union MoneyWise MasterCard next tax season as a result of a new agreement that CCH Small Firm Services has struck with Western Union.

President Barack Obama blasted Senate Republicans for obstructing his administration’s top legislative priority: a bill providing tax cuts and a $32 billion lending fund for small businesses to spur job growth.

Christopher R. Conte, the Securities and Exchange Commission’s associate director of enforcement, who led enforcement actions against Dell, Comverse Technology and other companies over their accounting violations, plans to leave the agency after nearly 18 years.

The Internal Revenue Service anticipates that the number of individuals who will request Preparer Tax Identification Numbers will swell to 1.2 million after its new rules for registration of paid tax preparers go into effect at the end of the year.

The real estate developer who is trying to set up a controversial Islamic cultural center two blocks away from Ground Zero reportedly owes New York City over $224,270 in back property taxes for the location.

The Securities and Exchange Commission has charged Dell’s former chief accounting officer and assistant controller with accounting fraud, and they agreed Monday to collectively pay $200,000 in penalties, plus disgorgement and interest, to settle the charges.

Sage North America and Intuit are phasing out some of their online services for accountants and their small business and individual clients.