WebCPA Staff

The New York State Society of Certified Public Accountants recently honored 98-year-old Philip P. Goodkin, a lifelong resident of New York City, as the longest-practicing CPA in the state of New York.

The Internal Revenue Service's current method of sending notices and letters is costing taxpayers millions of dollars because it results in a large amount of undeliverable mail, according to a new government report.

A measurement of optimism among small business owners fell last month after climbing slightly in several prior months.

Senate Majority Leader Harry Reid plans to hold a procedural vote on extending unemployment benefits next Tuesday and a vote on the financial reform bill this Thursday.

Sage North America has released the latest version of its human resources management system, Sage Abra Suite v9, which includes mobile workforce collaboration and paperless automation for small and midsized companies.

Senators Blanche Lincoln, D-Ark., and Jon Kyl, R-Ariz., have introduced a proposal to reform the federal estate tax, which temporarily expired this year but is slated to increase to up to 55 percent next year for estates over $1 million.

The Senate Finance Committee held a hearing Wednesday to discuss the soon-to-expire 2001 and 2003 tax cuts and how to extend any of them without increasing the budget deficit or hurting economic growth.

Skills beyond technical knowledge are critical when hiring experienced accounting professionals, according to a new study by Grant Thornton.

The Internal Revenue Service gave the following tips for job seekers on how they can deduct some of their job search expenses on their tax returns.

Emerging Information Systems Inc. has launched a new financial planning software product, NaviPlan Select.

Auditing software developer CaseWare International has acquired 100 percent of the outstanding shares of Credence Software Ltd., the exclusive distributor of CaseWare products in the United Kingdom.

Finance executives indicated growing pessimism and increasing economic uncertainty, according to a new survey.

Dramatically high percentages of Americans —even in the upper income categories—are likely to run short of money after 10 or 20 years of retirement, according to a new study.

The Public Company Accounting Oversight Board has proposed a new auditing standard covering confirmation procedures, with more of a focus on obtaining audit evidence from independent third parties.

Olympic champion runner Usain Bolt said he will not participate in the Crystal Palace Diamond League meet in London next month because of British tax rules.

Nearly two out of three Americans are more concerned about their finances today than they were at the beginning of the financial crisis two years ago, according to a new survey.

A group of Democratic senators has written to IRS Commissioner Douglas Shulman expressing concerns about new requirements for expanded 1099 reporting.

Corporate performance management software provider Prophix Software announced that Dallas-based management consultants Abacist Group has joined its reselling channel to help market and sell Prophix’s products.

Deloitte plans to strengthen its Southwestern Ontario practice in Canada by adding 35 new colleagues through a proposed merger with Horne LLP of Burlington, Ontario.

The National Science Foundation has awarded a $150,000 Small Business Innovation Research grant to accounting record analysis software company AuditMyBooks to assess the feasibility of predicting fraud in small businesses.