WebCPA Staff

Economic confidence is rising among CFOs, according to a new survey that found 57 percent of them saying they plan to hire additional employees in the next six months.

BDO USA LLP is expanding to Delaware by adding the partners and staff of McBride Shopa & Co.

President Barack Obama reiterated his proposals for cuts in business and individual taxes and called on Republicans and Democrats to work together after the elections.

President Barack Obama visited a Maryland factory Friday and promoted his proposal for allowing businesses to deduct the entire cost of their purchases of new equipment through the end of next year.

The Internal Revenue Service has decided that breast pumps and other breast feeding supplies cannot be paid for with money from mothers’ tax-exempt flexible spending accounts and health reimbursement accounts.

The Internal Revenue Service has posted information on how tax-exempt organizations can claim the Small Business Health Care Tax Credit.

The Securities and Exchange Commission has published its first progress report on the work plan related to the move to global accounting standards.

Walter Edward Hanson, the former chairman of Peat Marwick International, a predecessor firm of KPMG, passed away at his home in Newport Beach, Calif., at the age of 84.

The Internal Revenue Service has released additional information on how medical residents may be eligible for a refund on the employment taxes withheld from their paychecks by teaching hospitals.

Cash flow and not the economy is the top concern for chief financial officers heading into 2011, according to a survey from TD Bank.

More than two-thirds of Fortune Global 500 companies now produce some form of sustainability or corporate responsibility report, according to new research by Ernst & Young.

The International Accounting Standards Board has amended its financial instruments standards to prevent companies with financial problems from trying to claim a profit based on an inflated value of the debts they owe.

The Internal Revenue Service faced challenges last tax season verifying taxpayers’ eligibility for some of the newer stimulus-related tax credits, allowing 125,762 individuals to receive nearly $111.4 million in erroneous Recovery Act-related tax benefits, according to a new government report.

The Internal Revenue Service said the cost-of-living adjustments affecting the dollar limitations for pension plans and other retirement- related items for tax year 2011 will mostly remain unchanged, except for a few small inflation adjustments.

CCH has begun publishing some of its most popular accounting and tax books as eBooks, allowing readers to be able to store them on desktop and laptop computers, as well as Apple iPads and iPhones.

Corporate executives are getting ready to move to International Financial Reporting Standards, but say they probably won’t do it until the Securities and Exchange Commission mandates it, even if an early adoption option is allowed, according to a new survey.

Small business economic confidence rebounded in October as more small business owners reported that economic conditions for their businesses and for the country have improved, according to a new poll that also found small business owners favoring a Republican-controlled Congress in the midterm elections.

The number of small business bankruptcies has dropped for the fifth consecutive quarter, according to a new study.

The Internal Revenue Service has started accepting taxpayer records in electronic format from small businesses using Intuit’s QuickBooks and Sage’s Peachtree accounting software for audits and examinations.

The Taxpayer Advocacy Panel, a federal advisory committee of 101 citizen volunteers across the country, has released its annual report, with recommendations that include calling for the IRS to protect against identity theft by allowing taxpayers to “lock” their accounts when no tax returns are required.