WebCPA Staff

CPA and business advisory firm Weaver has expanded its service lines to financial institutions via a merger with Houston-based Bank Advisory Resources, a consultant to the community banking sector.

The U.K.’s Accountancy and Actuarial Discipline Board has begun an investigation into the conduct of Ernst & Young LLP as auditors to Lehman Brothers International Europe, including Lehman’s use of repurchase agreements.

FinancialForce.com has released the Summer ’10 version of its cloud accounting software, which includes interdepartmental collaboration tools powered by Salesforce.com’s Chatter technology.

Manufacturing software developer MISys, Inc. has released version 4.2 of its manufacturing system, which features some 25 upgrades, including improved integration with QuickBooks, Accpac and Peachtree.

Corporations that issued stock options to their executives claimed tax deductions that were collectively $52 billion larger than the expenses shown on their books in 2008, according to newly released data.

Senate Finance Committee Chairman Max Baucus, D-Mont., has scaled back the carried interest and S corporation tax provisions, in addition to several others, after the tax extenders and unemployment legislation hit a speed bump in the Senate.

The upper and lower houses of the Swiss Parliament have ratified a deal between the Swiss and U.S. governments to share information on approximately 4,450 U.S.-based customers of Swiss bank UBS with the U.S. government.

The Senate has approved an amendment to extend the closing deadline for homebuyers who qualified for the First-Time Homebuyer Tax Credit.

The Federal Reserve issued new rules to cut penalties and other fees charged by credit card companies.

The tax extender and unemployment benefits bill failed to clear a 60-vote hurdle in the Senate on Wednesday.

Payroll services company CompuPay has partnered with online business incorporation provider BizFilings to provide discounted CompuPay payroll services to BizFilings’ customers and BizFilings special offers to CompuPay clients.

McGladrey & Pullen mourned the death of retired partner Ray Krause, who spent about four decades with the firm.

KPMG plans to bring nearly 375 jobs to its new office in Tysons Corner, Va., just outside Washington, D.C.

The American Institute of CPAs and the National Society of Accountants are voicing their opposition to a provision in the tax extenders and unemployment legislation that could increase the self-employment taxes paid by some professional services firms organized as S corporations.

The Internal Revenue Service has awarded a five-year contract to consulting firm Accenture to design, implement and operate its tax return preparer registration program.

The House approved the Small Business Jobs Tax Relief Act of 2010 on Tuesday by a bipartisan majority of 247-170.

Employers with at least 500 employees remain hesitant to adopt automatic enrollment features in their retirement savings plans and automatically enroll their employees, according to a new survey by AARP.

Americans’ level of confidence in their overall financial security held steady this month, according to a new survey, but a more optimistic near-term view of their finances was offset by continued uncertainty over longer-range issues.

More than 7.3 million older Americans — one out of every five citizens over the age of 65 — already have been victimized by a financial swindle, according to a new survey.

Sage North America has formed a new alliance with online legal service LegalZoom to give newly formed small businesses the tools they need to get started, including a free downloadable copy of Sage Peachtree First Accounting.