WebCPA Staff

AccuFund has released the latest version of its accounting software for nonprofit, municipal and government organizations, with new features that provide support for Microsoft SQL Server 2008 and enhancements to various modules.

The National Society of Accountants and the American Institute of CPAs testified before the Internal Revenue Service on the agency’s proposals for registering, testing and requiring continuing education for paid tax preparers.

The Internal Revenue Service plans to do more to ensure that tax-exempt political organizations fully report their contributions and expenditures to the IRS on time, according to a new government report.

The Certified Financial Planner Board of Standards has recommended enhancements to the Securities and Exchange Commission’s proposed rules in target date funds, including better disclosure in the funds’ advertising and marketing materials.

Experiencing a critical illness, such as cancer, a heart attack, or stroke, can reduce a family’s income by more than $12,000 in the first year alone — even with medical coverage in place — primarily due to the inability to work, according to newly released studies.

PricewaterhouseCoopers plans to acquire Diamond Management & Technology Consultants for $378 million.

CCH Small Firm Services has introduced a service that can help CPAs and other accounting professionals save their business clients up to 30 percent on credit card processing costs.

Kentucky-based accounting firm Mountjoy Chilton Medley has merged in Hawkins Company CPAs, a Louisville firm that specializes in providing assurance, tax, internal audit, information systems, compliance and regulatory-related consulting services to regional financial institutions.

Financial Accounting Standards Board Chairman Robert Herz plans to retire after more than eight years of leading the board, which will now increase in size to seven members.

California Attorney General Jerry Brown has filed a $34 million lawsuit against TV’s “Tax Lady” Roni Deutch for orchestrating a "heartless scheme" that swindled thousands of people facing serious and expensive tax collection problems with the IRS.

The owner of an Anchorage accounting and tax prep business has been indicted on charges that she engaged in a scheme to defraud her clients and her own family members of nearly $1 million.

The Government Accountability Office is making changes to Government Auditing Standards, commonly known as the Yellow Book.

The International Accounting Education Standards Board of the International Federation of Accountants has released the 2010 edition of its Handbook of International Education Pronouncements.

Credit card companies have been prohibited from charging their customers inactivity fees under the latest set of protections that went into effect from the Credit Card Act.

The Tax & Accounting business of Thomson Reuters has released two new modules for its Checkpoint online research service aimed at improving single audits and International Financial Reporting Standards disclosures.

Some $203 million in funding under last year’s Recovery Act for the Internal Revenue Service to reprogram its computer systems and update tax forms, publications and customer service may be at risk due to inadequate oversight, according to a new government report.

Aarons Grant & Habif LLC has merged Donner, Weiser & Associates into its Atlanta-based practice.

The Internal Revenue Service has published Notice 2010-58, which provides guidance in Q& A format under Section 13 of the Worker, Homeownership, and Business Assistance Act of 2009, which allows taxpayers to elect a three, four, or year-year net operating loss carryback instead of a normal two-year carryback.

Mobile application developer, Izatt International, has introduced a version of its Apple iPhone mileage tracker mobile phone app, MileBug, for Google Android and Nokia Symbian smart phones.

A federal judge has sentenced a man to more than four years in prison for driving his SUV into an Internal Revenue Service building in Birmingham in 2008.