WebCPA Staff

The Internal Revenue Service has left the 2011 inflation-adjusted amounts for health savings accounts unchanged from 2010, citing the Consumer Price Index.

The Internal Revenue Service needs to screen and monitor electronic filing providers more carefully, according to a new government report.

Intuit reported a 13 percent jump in revenue to $1.6 billion for its fiscal third quarter, which ended April 30, largely on the strength of tax season.

Senate Finance Committee Chairman Max Baucus, D-Mont., plans to convene a hearing to consider White House proposals for reducing waste and overpayments in the unemployment insurance program.

ParenteBeard has introduced an Emerging Growth Business Services Practice to service startup and early-stage companies.

Fraudulent financial reporting by U.S. public companies often results in bankruptcy or business failure, according to a new study, and often results in significant immediate losses for shareholders and penalties for executives.

Microsoft today unveiled Microsoft Dynamics NAV 2009 R2, which will include — among other features — built-in integration with Microsoft Dynamics CRM and its Online Payment Service.

Texas accounting firm Weaver has merged with Elms Faris, expanding the Forth Worth-based firm to the Midland/Odessa market.

The Treasury Department released new guidelines for applying for tax credits to fund promising new therapies, with small medical research firms eligible to receive up to $5 million each out of a $1 billion pie.

The Senate voted last week to approve a historic financial regulatory reform bill that would make sweeping changes in how the financial system is regulated.

The Virginia Society of CPAs has selected Bradford R. Jones as chair of its board of directors for fiscal year 2010-2011.

Connecticut Governor Jodi Rell has vetoed legislation that would have taxed bonuses paid to people who work for financial companies that received federal bailouts.

The Greater Washington Society of Certified Public Accountants has named Camico as the endorsed provider of professional liability and employment practices liability insurance, as well as related risk management services, for approximately 2,000 members in the District of Columbia.

The Center for Audit Quality and the Council of Institutional Investors are protesting two proposed amendments to the financial regulatory reform bill that would exempt smaller public companies from compliance with Sarbanes-Oxley Section 404(b) audits of their internal controls.

Senate Finance Committee Chairman Max Baucus, D-Mont., and House Ways and Means Committee Chairman Sander Levin, D-Mich., have introduced legislation that would extend unemployment insurance and the 65 percent COBRA health insurance subsidy for the unemployed through the end of the year, as well as many expiring tax breaks.

Weaknesses in the Internal Revenue Service’s employment tax compliance program could cost the U.S. Treasury $131 million in Social Security and Medicare taxes over the next five years, according to a new report.

BookKeeping Express, a bookkeeping franchise that targets small businesses, is now offering its outsourced support services to accounting firms and their small business clients.

The majority of leaders at Fortune 1000 corporations support many financial regulatory reforms, according to a new survey, but balk at executive pay limitations and shareholder votes on executive compensation.

Web site developer Emochila Inc. has released AppMan, a set of online small-business tools to help accountants and CPAs with client maintenance, marketing and business efficiency.

The Internal Revenue Service has mostly overcome past problems in following legal and internal guidelines when conducting seizures of taxpayers’ property, but it failed to comply with the legal requirements in at least some instances, according to a new report.