WebCPA Staff

Accounting Today has finalized the agenda for its upcoming Growth & Profitability Summit.

The U.S. Environmental Protection Agency has sent a letter to Congress in support of reinstating lapsed tax provisions that require polluters to pay for the Superfund for environmental cleanup.

An Internal Revenue Service agent has been indicted in a federal court for soliciting and accepting a $9,700 bribe from the co-owners of a Minnesota business in exchange for lowering the amount of taxes they owed to the IRS.

The National Association of State Boards of Accountancy has re-launched its Accountancy Licensing Library Web site with additional information and resources regarding the examination and licensure process for becoming a CPA.

Peter Orszag, the White House Budget Director and one of the driving forces behind the passage of the $787 billion economic stimulus package, will step down from his post.

Senate Finance Committee Chairman Max Baucus, D-Mont., and ranking member Charles Grassley, R-Iowa, have introduced legislation to lower taxes for small and large businesses by allowing them to write off more of the cost of purchases, such as equipment and machinery, more quickly than they would otherwise be able to under current law.

The Internal Revenue Service needs to improve the security of its Automated Collection System, a telephone contact system used to collect unpaid taxes and secure tax returns from delinquent taxpayers, according to a new government report.

Health care professionals who have received student loan relief under state programs that reward those who work in underserved communities may qualify for refunds on their 2009 federal income tax returns, as well as an annual tax cut going forward, according to the IRS.

CPA and advisory firm BKD has launched HealthCareReformInsights.com, a multimedia Web site devoted to health care reform.

Sage North America has released the latest version of its time and billing product, Sage Timeslips 2011, which now offers faster bill approvals, improved reporting, and electronic payment options.

The accounting industry ranks No. 1 in terms of net profit margin in a list of private industries compiled by Sageworks, a company that provides financial analysis tools and information for privately held companies.

The Internal Revenue Service is extending some deadlines for sponsors of defined-contribution retirement plans, such as 401(k) plans, that were affected by storms and other severe weather in Alabama, Connecticut, Massachusetts, Mississippi, New Jersey, Rhode Island, Tennessee and West Virginia.

The International Accounting Standards Committee Foundation, which oversees the International Accounting Standards Board, has selected Tommaso Padoa-Schioppa as the new chairman of its board of trustees.

The longer a company has been in compliance with Sarbanes-Oxley, the higher the percentage of executives who say the benefits outweigh the costs, according to a new study released by global risk ad internal audit consulting firm Protiviti.

The Internal Revenue Service has released an application form that will allow small firms to begin applying for certification for tax credits or grants available under the Qualifying Therapeutic Discovery Project Program, created by the Affordable Care Act.

An outside advisory committee recommended that the Internal Revenue Service follow a three-year phase-in approach to implementing a new requirement for tax preparers to electronically file individual tax returns.

The majority of HR managers and recruiters who have responsibility for recruiting accounting and finance positions are planning to hire in the next six months, according to a new survey.

The Public Company Accounting Oversight Board has published new guidance about the recent requirement for accounting firms to file annual reports about their audit clients, fees, staff disciplinary histories and other information.

The House passed legislation to incentivize community banks to increase their small-business lending.

Businesses that adopt electronic payment and process channels have been able to achieve a 16 percent decrease in the cost of accounts receivable processing and a 14 percent decrease in accounts payable costs year over year, according to a new study.