WebCPA Staff

Hoping to get the Small Business Jobs Act passed before the August recess, Senate Democrats have modified the legislation in an effort to avoid another filibuster battle.

More than 40 percent of San Francisco Bay Area CFOs predict an increase in hiring in the accounting field, according to a new survey by CPA firm Armanino McKenna LLP.

The Senate approved an extension on employment benefits on Wednesday evening, with the House poised to pass the extension on Thursday.

Horne LLP has appointed Katherine Watts as the new partner-in-charge of the firm’s health care services unit.

A new report estimates that the total amount of federal tax revenue lost due to use of overseas tax havens adds up to at least $37 billion per year.

Nearly one third of small businesses plan to hire new employees in the second half of 2010, according to a new survey.

A California man has been indicted by a Las Vegas grand jury for filing false liens against employees of the Internal Revenue Service, the Securities and Exchange Commission, the Secret Service and the U.S. Attorney’s Office for the Southern District of California.

Recent research indicates cloud computing can help businesses and many organizations recover from the economic downtown, but concerns over security may still prevent some businesses and government organizations from fully embracing its benefits.

President Obama has signed the sweeping financial regulatory reform bill into law after a year of pushing the legislation through Congress.

John Venuti, a 62-year-old tax consultant, former principal at KPMG and former IRS tax specialist, has pleaded guilty to failing to file his tax returns for six years.

KPMG claimed it has reduced the firm’s carbon footprint by 26 percent from 2007 through 2009, exceeding the firm’s goal of reducing carbon by 25 percent in three years.

One out of every five senior citizens has been the victim of a financial scam, according to a recent survey by Infogroup/ORC, and the Illinois CPA Society has published a set of tips to help them avoid scams and protect their money:

Rising tuition fees and the uncertain state of the economy are causing more people to put their own retirement savings ahead of their children’s college education.

Senate Democrats achieved their goal of reaching 60 votes to invoke cloture on a bill to extend unemployment benefits through the end of November, ending a Republican filibuster.

Robert Paz has been named managing director of New Jersey accounting firm Sax Macy Fromm & Co.

The Tax & Accounting business of Thomson Reuters has added two new business units, Business Compliance & Knowledge Solutions and Workflow & Service Solutions, led by Mark Schlageter and Brian Peccarelli, respectively, as the units’ new presidents.

Thomas M. Bloch, son of H&R Block founder Henry Bloch, submitted a letter to Block’s board citing a “disagreement over the direction of the company” as the reason why he won’t stand for re-election as a director.

The number of assets seized by the Internal Revenue Service’s Criminal Investigation Division fell in 2009 and 2008, according to a new government report.

The Internal Revenue Service has filed a tax lien for $1,138,760 against rap singer Lil Wayne, who is currently in jail on weapons charges.

A federal grand jury in Alexandria, Va., has indicted a Swiss lawyer who has been accused of helping a Virginia doctor conceal money in secret Swiss bank accounts at the British bank HSBC Holdings.