WebCPA Staff

Attitudes toward the economy have improved over the past month among both small and midsized businesses, according to a new survey.

Business owners who team up with other small businesses to jointly bid on federal contracts see the greatest results, according to a new study.

President Obama, chastened by Democratic losses in the midterm elections, said Wednesday he would work with Republican leaders in Congress on the Bush tax cuts and other issues after a “shellacking” in the midterm elections.

Obama administration officials awarded $1 billion in therapeutic discovery project tax credits and grants to nearly 3,000 companies around the country to support promising biomedical research projects.

The Financial Accounting Standards Board has issued an exposure draft outlining changes in the accounting standards for repurchase agreements such as the Repo 105 transactions that have been blamed for contributing to the collapse of Lehman Brothers.

Enterprise Business Advisors CPAs has joined Walthall, Drake & Wallace, expanding WD&W’s Lake County presence in Northeast Ohio.

California voters rejected ballot measures that would legalize and tax marijuana sales, while Washington State voters defeated a proposal to impose a tax on upper-income taxpayers, and Massachusetts voters said no to a ballot question that would have lowered state sales taxes.

The balance of power shifted in Washington as Republicans captured enough seats in the midterm elections to win a majority in the House, but Democrats managed to hang on to a more evenly divided Senate.

XBRL US has appointed Campbell Pryde as its new president and CEO.

PricewaterhouseCoopers has released “Managing Your Wealth,” the firm's 14th annual guide to tax and wealth management.

Nearly one-third of U.S. CFOs expect to make cutbacks in health care benefits for their workforce, according to a new survey by Grant Thornton LLP.

The Tax & Accounting business of Thomson Reuters has introduced a global tax software workstation product for multinational companies and large accounting firms.

Massachusetts accounting firms Abrams Little-Gill Loberfeld and Gold & Goldberg have merged.

The Internal Revenue Service was inconsistent in how it processed foreclosure cases and coordinated with local United States Attorneys’ Offices, and needs to improve its procedures, according to a new government report.

Cloud-based bill payment technology provider Bill.com has released a beta version of its integration capabilities with Sage’s Peachtree, which coincides with Sage announcing plans to discontinue its Peachtree Web Accounting Service on Nov. 30.

Paychex, a provider of payroll, human resources and benefits outsourcing services for the small and midsized business markets, elevated company veteran Neil Rohrer to the post of vice president of core payroll services in the Eastern U.S.

Economist Arthur Laffer, the inventor of the Laffer Curve, has been engaged as an economic advisor and consultant by wealth management firm 1st Global.

Wiss & Company has recently introduced The Wiss Economic Incentive Group to help businesses throughout the tri-state region of New York, New Jersey and Connecticut participate in government incentive programs.

Citrin Cooperman is expanding its presence in Connecticut by combining with the firm of Schwartz & Hofflich.

The Internal Revenue Service will be taking additional steps to check on whether sole proprietors are hiding sources of income during field audits.