May 16, 2008
CPA Financial Executives Expect Economic Decline
Expectations for the U.S. economy remain negative among senior-level executive CPAs, according to the second quarter 2008 Business and Industry Economic Outlook Survey of the American Institute of Certified Public Accountants and the University of North Carolina’s Kenan-Flagler Business School.
AICPA-Backed Tax Provision Passes House Ways and Means
The House Ways and Means Committee on Thursday approved the Energy and Tax Extenders Act of 2008, which includes a provision that would equalize the tax return reporting standards for tax preparers and taxpayers.
IRS Issues 2009 Indexed Amounts for HSAs
The Internal Revenue Service issued new guidance on the maximum contribution levels for health savings accounts and out-of-pocket spending limits for high-deductible health plans that must be used in conjunction with HSAs.
Taxpayers Get Wrong Stimulus Checks
Thousands of U.S. taxpayers' economic stimulus checks have been directly deposited into the wrong accounts by mistake, federal officials said.
IRS Says Up to 350,000 Didn't Get Child Credit
Up to 350,000 households aren't getting the $300 per child owed them as part of their economic stimulus rebate payments, the Internal Revenue Service said.
BofA CFO Backs Accounting Method
Bank of America Corp.'s Chief Financial Officer Joe Price on Thursday said the Charlotte bank backs "fair-value" accounting that has required banks to take big writedowns due to the falling value of mortgage-related investments.
May 15, 2008
Freddie Mac Loses $151M in 1Q, But Beats Expectations
Three Former SEC Chairmen Endorse Obama
Inflation Pressures Ease Despite Food Price Jump
Big Companies to File Interactive SEC Data by 2009
PCAOB Announces Roundtable On Non-U.S. Auditor Reliance
May 14, 2008
FPA Announces Annual Conference Speakers
Grant Thornton Consolidates Advisory Services
Oil and Gas Execs Expect Oil Below $100 by End of Year: KPMG Survey
IRS Reminds Small Tax-Exempts of e-Postcard Deadline
AICPA Appoints AcSEC Chairman-Elect
May 13, 2008
Women of Color Face Barriers in Accounting: Report
Job Search Pitfalls New Grads Should Avoid
FEI Calls for 2008 Hall of Fame Nominations
Study: Retirement Savers Make Costly 401(k) Mistakes
Stamp Prices Up Monday
May 12, 2008
Nebraska CPAs Can Renew Licenses Online
Rebate Excludes Many Taxpayers With Foreign Spouses
Next Generation of Business Software Could Get More Fun
House Passes Massive Homeowner Rescue Plan, Defying Bush Veto Threat
FASB Issues GAAP Hierarchy
May 9, 2008
Edit Excel Pivol Tables With Add-In
Many Businesses Didn't Claim Tax Refund
NY Senate Votes to Eliminate State Gas Tax for Summer
Column: SEC's Atkins Sets High Bar for New Rules
Marvell Technology Paying $10M to Settle Case
May 8, 2008
Paulson Says Credit Crisis May Be Fading
CPA Mobility Law Gains Momentum
IRS Posts Stimulus FAQs
Consumer Borrowing Unexpectedly Surges in March
May 7, 2008
AICPA Proposes CPA Exam Changes
CCH Offers New Online Payroll Resource
Financial Executives' Salaries Up 5 Percent
XBRL Europe Organization Formed
May 6, 2008
Atkins Leaving SEC After Term End
Accounting Degrees Up 19 Percent
Top Speakers Highlight New York CPA Show
KPMG Hires 3 New Partners in L.A. Office
Teens Rely On Classroom Education Over On-the-Job Training
Former Broadway Theater Producers Plead Not Guilty to Fraud
May 5, 2008
Amazon Sues NY Over Internet Sales Tax Collection
Fed OKs Plan to Rein in Unfair, Deceptive Credit Cards
Buffett, Munger Say Many Financial Companies Deserve Pain
Corporate Boards' Pay Grows With Workload, Regulations
May 2, 2008
CCH Announces User Conference Agenda
IRS Seeks New Members of Advisory Council
U.S. Cities Increasing Sales Taxes in Record Fashion
Tax Gap Challenges Remain
May's Tax Talk Today Features Electronic IRS
May 1, 2008
Relief for Stimulus Payments Withdrawn from IRAs and Tax-Favored Accounts
Wachovia to Take $800M to $1B Charge in 2Q for Leases
Monster Worldwide's Former Chief Operating Officer Charged in Options Backdating Case
AICPA Survey Captures Recession Worries
SOX Compliance Cost $1.7M, Audit Fees $3.6M in 2007
Former U.S. Comptroller Says U.S. Needs Wake-up Call
April 30, 2008
Board Declares Tax Season a Success
Americans Divided on Their Plans for Tax Rebates
FASB, Chinese Accountants Sign Agreement
Finance Execs Assess Economic Risks Posed By Weather
April 29, 2008
IRS Collects More in 2007
CFOs Give Mixed Messages on Economy: Grant Thornton Survey
Financial Literacy Goes to Capitol Hill
Deloitte: Volunteerism Leads to Tangible Gains
April 28, 2008
AGA Launches Government Accountants' Blog
Social Networking Applications Can Pose Security Risks
Bush Says Rebates Going Out Monday Should Help Economy
Fraud Charges Against Block Brokerage Dismissed
Future of Workplace Focus of Accountants Conference
April 25, 2008
E&Y Announces Global Merge
Wesley Snipes to Serve 3 Years in Prison for Tax Convictions
Former Le-Nature's Accounting Director Pleads Guilty
U.S. Accounting Renews Agreement With Canada, Mexico
Paid Internships Pay Well
April 24, 2008
OFHEO Issues Fair Value Guidance
Retirees, Disabled Vets Still Can File for Stimulus Payments
IRS Launches Small Business Campaign
KPMG Creates IFRS Institute
IMA Appoints New CEO
April 23, 2008
SEC to Consider Tighter Regulations on Rating Agencies
SEC Charges Broadcom With Stock Option Backdating
Lawmakers Consider a Universal 401(k) Plan
PCAOB Adopts Ethics Rule, Amends Tax Services Rule
Roadmap for Private Company Accounting Standards to Be Addressed
April 22, 2008
Despite Export Boom, Manufacturers Cautious About Job Growth
Survey: 30 Percent Believe Economy Will Shrink
Smart Spending Is Savings Strategy, AICPA Poll Shows
Univ. of Virginia Again Wins KPMG Auditing Competition
SEC Deputy Chief of Staff to Leave
PCAOB, Singapore Confirm Cooperative Arrangement
April 21, 2008
Staffing Costs on the Rise for U.S. Private Businesses
IRS Asks for Charges Against Former Mercury Interactive CFO
Japanese GAAP, IFRS Convergence Progressing as Planned
Not-for-Profits Can Curb Reputational Risk With Conflict-of-Interest Policies
Senate Kicks Off Tax Reform Hearings
Former Fannie Mae Chief Agrees to $24.7 Million Settlement
April 18, 2008
IRS Continues Program on Political Campaign Activity by Charities
House Passes Bill Backed By AICPA
PCAOB to Consider New Ethics and Independence Rule
Obama Reports Income of $4.2 Million in 2007 Tax Returns
FAF, FASB to Host Global Standards Forum
Government Settlement Expected for Former Fannie Execs
April 17, 2008
Cost of Staff Skyrocketing for Privately Held Businesses
Jump$tart Gives Award to CPA
Judge: 3 Fraud Defendants Must Remain Jailed; 1 Other Freed
KPMG Announces Green Goal
April 16, 2008
IRS Issues Draft Instructions for 2008 Form 990
Judge Dismisses Some Parmalat Charges Against Citigroup
Lawmakers Quarrel Over Tax Policy
IRS's Private Tax Collectors Losing Money
Prosecutors Urge Prison for Snipes
April 15, 2008
IRS Challenged to Move From 'Good' to 'Great'
Accounting Today Names Top 100 Firms
Business Inventories Rise Sharply
Paying Taxes Takes More Time, Money
CCH, AuditNet Team Up for TeamMate
April 14, 2008
Fewer Large Corporations Audited
BYU Wins Deloitte Accounting Contest
Senate Overwhelmingly Passes Housing Bill
50 Students Get CPA Exam Scholarships
XBRL International to Hold SEC Foreign Filer Workshop
April 11, 2008
IRS Promises Better Response to ID Theft
AICPA, U.S. Labor Department Online Resource Helps Small Businesses Understand Retirement Options
Woman Charged in Tax Fraud Banned from Computers
Research Reveals Profit Opportunity for Accounting Professionals
April 10, 2008
IRS Not Doing Enough on ID Theft
House Ways and Means Committee Approves Bill That Would Enhance Role of CPAs as Taxpayer Advocates
Investment Banks' Riskiest Assets Rise
Simple Mistakes Plague Late Season Tax Filers
April 9, 2008
AICPA Says More Americans Delaying Major Life Decisions Due to Financial Concerns
5 San Diego Officials Face SEC Charges
American Red Cross Names New Leader
Don't Mess with the IRS
April 8, 2008
Report Finds IRS Computer Security Flaws
Employees Seek More Financial, Retirement Advice in Workplace
Bill Targets California's Accountant Regulations
Payment Options for Those Who Can't Pay Taxes in Full
April 7, 2008
GASB Updates Concepts Statement 2
Clifton Gunderson Names First Woman to Lead Top Accounting Firm
PCAOB Announces 2008 Small Biz Forums
Wanted: Bookkeeper for Small Business
April 4, 2008
AICPA Testifies on Estate Tax Reform
2 Execs in Corporate Fraud Case Held Over Alleged Escape Plan
SEC Content Released Onto FASB Codification
Cox Calls Bear Stearns Unchartered Event
IRS Urges Taxpayers to E-file Extension
April 3, 2008
IRS Seeks Tax Pros for Advisory Committee
IFRS XBRL Taxonomy Released for Comment
PCAOB Releases Five-Year Plan
YouTube 'TaxLaugh' Prize Goes to Austin Attorney
Court Hears Appeal of Enron's Skilling
April 2, 2008
New CCH Resource Aids FAS 157 Compliance
BDO Consulting Forms Corporate Advisory Practice
SEC Urged to Go Slowly on Mutual Recognition
Microsoft Upgrades Windows Mobile
Court to Hear Appeal of Enron's Skilling
Peregrine Accountants Won't Face Third Trial
April 1, 2008
Judge Approves Delphi Extensions as Financing Deadline Near
Event: Financial Reporting Symposium Features Top Accounting Authorities
Watson Wyatt Worldwide to Present a Pension Accounting Webcast
Wolters Kluwer to Acquire Accountants Division of MYOB UK, Ireland
KPMG Study Ranks Cities With Lowest Business Costs
