WebCPA Staff

A group of small businesses has written an open letter to the leaders of the Senate Finance Committee requesting changes in the expanded 1099 reporting requirements in the health care reform law.

Dennis B. Kremer is merging his practice into Gettry Marcus Stern & Lehrer, a CPA firm based in New York.

The Tax & Accounting business Thomson Reuters plans to expand internationally by targeting multinational corporations and global accounting firms via a series of strategies.

National Taxpayer Advocate Nina Olson expressed concerns in her latest report to Congress about the IRS’s reduced spending on taxpayer service, new 1099 information-reporting burdens, and the IRS’s “hard-core” collection practices.

Document imaging and scanner services provider Fujitsu Computer Products of America and cloud-based automated sales tax management software service SpeedTax have formed a partnership to help North American accounting firms better serve their clients and promote firm growth via adoption of smart technology.

More than half (55 percent) of all adults in the labor force say that since the Great Recession began 30 months ago, they have suffered a spell of unemployment, a cut in pay, a reduction in hours or have become involuntary part-time workers, according to a new survey by the Pew Research Center's Social and Demographic Trends Project.

A new report from Aite Group LLC identifies five types of advisors based on their focus on and adoption of financial planning.

The Internal Revenue Service has won an appeal against a CPA who was disbarred for failing to exercise due diligence in preparing business and individual tax returns for a corporation owned by a husband and wife who claimed improbably low incomes.

Firms headquartered in counties where residents report that religion is important in their daily lives exhibit less aggressive financial reporting, according to a study by three professors from Texas A&M University.

Accounting Today is issuing a call for nominations for its annual Top 100 Most Influential People in Accounting list.

BDO USA has expanded its presence in North Carolina by opening a new office in Raleigh.

The Federal Tax Authority, a private company that aims to make it easy for online merchants to collect sales tax, has launched TaxCloud, a free sales tax calculation and remittance service.

The number of initial public offerings in the second quarter of this year was more than triple that of the same period last year, according to a new report by PricewaterhouseCoopers.

A government report found security weaknesses at the facilities operated by eight Internal Revenue Service contractors, placing confidential taxpayer information at risk of unauthorized access and disclosure.

The Sam's Club division of retail giant Wal-Mart Stores Inc. said it would begin offering loans of up to $25,000 for its small business members.

The Internal Revenue Service is cautioning taxpayers about restrictions on home mortgage interest deductions.

Music producer and rapper Swizz Beatz is facing tax liens and warrants from the Internal Revenue Service and the state of New York totaling more than $2.2 million.

Eligible taxpayers who contracted to buy a home, qualifying for the First-Time Homebuyer Credit before the end of April, now have until Sept. 30, 2010 to close the deal, according to the Internal Revenue Service.

Stephen F. Gertzman, national director of federal tax accounting and director of the Accounting Methods and Inventories Group in Ernst & Young's National Tax Department, has left the firm to join Miller & Chevalier’s tax department as a member.

An Internal Revenue Service agent testifying in the trial of former Illinois Governor Rod Blagojevich said he and his wife Patti spent over $400,000 on clothing in a six-year period.