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CPA Resources
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2010 news headlines
Financial-, business- and accounting-related headlines from 2010 include the following:
December
- CFOs see slight uptick in Q1 hiring
- IRS offers new guidance on FSA, HRA debit cards
- In 2011, many tax benefits increase slightly due to inflation adjustments
- Tax season starts on time for most taxpayers; those affected by late tax breaks can file in mid to late February
- Obama officially exempts firms from 'red flags rule'
- PCAOB offers guidance on auditor considerations of litigation, other mortgage and loan issues
- Fall 2010 Statistics of Income Bulletin available
- Survey: CPA firms profitable amid recession's flat revenues
- Payroll tax cut to boost take-home pay for most workers; new withholding details offered
- AICPA: New tax law may 'open floodgates' for wealth transfers
- Survey: Big biz leading the way in sustainability, but small biz catching up
- Franchot: No new taxes in Maryland this year
- PCAOB creates Office of Outreach and Small Business Liaison
- PCAOB proposes inspection program for broker-dealer audits
- AICPA voices concerns over revenue recognition proposal
- AICPA launches new public service tax site
- SEC proposes review process for security-based swaps
- Interest rates fall for first quarter of 2011
- AICPA seeks guidance on applying carryover basis rules to estates of taxpayers who died in 2010
- Survey: Most CPA firms now using social media
- AccountingWEB launches Accounting Student Scholarship Program
- Modest gain in optimism as CPAs predict slow economic recovery
- IRS ramps up tax return preparer registration
- New forms, guidance available on small business health care tax credit
- Panel seeks comments on future of accounting education
- IRS announces 2011 standard mileage rates
- IRS details new e-filing rules for 2011
- Senate votes to exempt CPAs from 'red flags rule'
November
- Bids to repeal 1099 rule fail in Senate
- PCAOB budget up 11.5 percent for 2011
- Report lists 11 promising jobs for 2011
- COSO to modernize 'Internal Control: Integrated Framework'
- Cardin backs effort to repeal 1099 reporting rule
- Survey: CFOs in no hurry to adopt IFRS
- Internal Revenue Service Advisory Council releases annual report
- Survey: 4 out of 5 companies see more sales tax audits
- Nearly 70 percent of taxpayers filed electronically in 2010
- Survey: 36 percent of clients are likely to switch CPA firms
- IFRS Foundation seeks input on its future strategy
- FASB seeks input on accounting for repurchase agreements
- MACPA to testify before Md. Business Tax Reform Commission
- Survey: CFOs would hand off administrative duties first
- Study: Economic confidence rises as more CFOs plan to hire
- SEC issues report on IFRS work plan
- IRS announces 2011 pension plan limitations, inflation adjustments
October
- IRS begins sending out PTIN notifications
- New website to help small businesses pick retirement plans
- AICPA Council supports blue-ribbon panel's work on private-company standards
- Paul Stahlin elected AICPA chairman
- Survey: U.S. CPAs see pivotal time ahead for IFRS
- CPA exam to be given outside U.S. for first time
- IRS issues final basis reporting regulations
- Accounting, finance salaries expected to rise in 2011
- AICPA members OK new admission requirements
- IRS releases draft W-2 form for 2011, announces relief for employers
- Hoogervorst to succeed Tweedie as IASB chair
- Panel weighs GAAP exceptions, separate standards board for private companies
- AICPA: Change rules to regulate preparers, practice before IRS
- SBA sets higher maximum loan sizes through Small Business Jobs Act
- PCAOB examines registration applications from firms in non-U.S. jurisdictions
- Newly enacted revisions to Maryland's child support law now in effect
- SBA revises size standards to expand opportunities for small businesses
- SBA releases final women-owned small biz contracting rule
- AICPA cites concerns with FASB fair value proposal on financial instruments
- IRS offers guidance on expanded adoption credit
September
- AICPA, U.S. PIRG coalition urges Congress to ban tax strategy patents
- PCAOB report examines audits during financial crisis
- First two '504 first mortgage' loan pools ready for sale
- Online registration for tax preparers now available
- IASB, FASB complete first stage of IFRS-GAAP framework
- Study: Taxpayers will see relief in 2011 from inflation adjustments
- Golden appointed to FASB
- SEC seeks to improve short-term borrowing disclosure
- AICPA launches college-level competition on accounting for sustainability
- SEC expands stock-by-stock circuit breakers
- Study shows room for improvement in corporate risk oversight
- IRS releases form to help small businesses claim new health care tax credit
- PCAOB reopens comment period on audit communication proposal
- IRS explains 2011 changes to flex spending arrangements
- FASB issues proposed accounting standards for multi-employer pension plans
- New GAAP taxonomy now available for comment
- Summer 2010 Statistics of Income Bulletin available
- September is National Preparedness Month; SBA urges public to plan
August
- SEC cautions credit rating agencies about deceptions
- CFOs: Professional groups, social media best venues for enhancing career visibility
- Survey shows signs of optimism in global financial hiring
- IRS seeks new issues for Industry Issue Resolution Program
- SEC adopts rules to govern director nominations by shareholders
- FASB Chair Herz to retire in October
- IRS to expand electronic payment system
- IRS releases return preparer application system, user fee; Circular 230 amendments proposed
- Interest rates unchanged for Q4
- IASB, FASB offer guidance on financial reporting of leases
- Survey: CPA executives grow pessimistic on economy
- House members seek changes in plan to regulate tax return preparers
- President signs $9 billion package of tax reforms to fund education, Medicaid
- PCAOB adopts new auditing standards on risk assessment
- PCAOB issues failure-to-supervise guidance
- IRS removes debt indicator for 2011 tax filing season
- IRS realigns, renames Large Business Division
- House fails to repeal 1099 requirement
- AICPA, AAA create panel to study the future of accounting higher education
- Survey: CFO outlook dips in second quarter
July
- Maryland, 15 other states offer back-to-school tax holidays despite revenue woes
- AICPA urges Congress to repeal expanded 1099 reporting
- Two MACPA members awarded 8 hours of free CPE for renewing
- IRS proposes $50 fee tax preparer ID numbers
- SEC adds units to oversee financial institutions, asset-backed securities, new financial products
- PCAOB offers guidance on using work of outside auditors
- AICPA white paper guides CPAs, financial pros in getting training grants
- IRS opens dedicated phone line for Gulf oil spill victims
- Taxpayer services top concern in Taxpayer Advocate's report to Congress
- Experts: Internet a positive force on all social relations
- Homebuyer tax credit deadline extended
- IRS seeks feedback on expanded information reporting requirement
- FASB, IASB move forward on financial statement presentation project
- SEC adopts plan to curtail 'pay-to-play' practices by investment advisers
June
- Tax strategy patents may continue under Supreme Court ruling
- Supreme Court: PCAOB appointments unconstitutional
- Companies report signs of stabilization with 2009 auditing process
- IRS offer tax help for Gulf oil spill victims
- IASB, FASB propose joint revenue recognition standard
- Finance execs still confident of business growth, but few are hiring
- PCAOB offers guidance on firm annual reporting
- Deadlines extended for certain retirement plans in eight states
- IRS panel sends e-filing feedback to Congress
- Report: Most Internet users to live 'in the cloud' by 2020
- SEC approves new 'circuit breaker' rules for stocks
- Pay freeze continues for most finance execs
- CPAs increasingly asked to address clients' IT challenges
- FASB, IASB offered 'modified' convergence plan; deadlines may be extended
- AICPA: IRS should withdraw proposal on uncertain tax positions
- PCAOB issues guidance for non-U.S. firms
- FTC extends 'Red Flags rule' deadline to Dec. 31
May
- Mortgage interest deduction benefits Maryland, California taxpayers most
- SEC proposes audit trail to better track market trades
- FASB issues exposure draft on accounting for financial instruments
- Survey: Health care costs, profitability among top CFO concerns
- IASB Chair Tweedie underscores importance of U.S. participation in global standards
- Survey: American CPAs gaining awareness of IFRS
- AICPA revises membership categories
- Senate OKs financial reform bill; CPAs score victory
- COSO: Fraud brings business failure, investor losses, executive penalties
- Interest rates unchanged for third quarter
- Report outlines state-by-state savings from Child Tax Credit
- SEC offers plan to short-circuit market nose dives
- Form to claim tax break for hiring new workers now available
- SBA offers tools to help small businesses 'go global'
- Details offered on new small biz health care tax credit
- IRS issues spring 2010 Statistics of Income Bulletin
- Finance execs' economic outlook swings to optimism for first time in two years
- AICPA creates Sidney Kess Award for Excellence in Continuing Education
- AICPA: Tax preparer ID plan is good, but warns of confusion
- Google, SBA launch small-biz tools
- IRS reports on non-profit colleges' compliance
April
- CPAs get more time on 'Red Flags Rule'
- IRS offers guidance on health coverage for dependents
- Uninsured medical expenses rival retirement as American's top financial concern
- COBRA subsidy eligibility extended to May 31
- FAF, XBRL U.S. strike deal on taxonomy research
- FEI launches Private Company Roundtable
- Survey: Economy divides America into savers, non-savers
- What does 'wage gap' cost America’s women? 88 weeks of food, for starters
- Teens -- tomorrow's CPAs -- texting more than ever
- IRS offers guidance on health care tax credit
- SEC proposes measures to protect options investors
- Many CIOs cracking down on social networking
- Survey: It takes a month or more to fill accounting positions
- Haiti relief workers get more time to file
- Survey: Stimulus programs untapped by most Americans
- SEC seeks to increase investor protections in asset-backed securities
- PCAOB offers guidance on audits of unusual transactions
- Special payroll tax exemption form now available
- IRS increases oversight of tax preparers
- Recession's top lesson: Keep employees happy
- Tax credit helps small employers provide health insurance
March
- SBA warns small businesses of loan scams
- PCAOB proposes standard on audit committee communications
- IRS offers guidance on preparer ID numbers
- Health care reform: What will change?
- New tax benefits aid employers who hire, retain unemployed workers
- IRS warns of annual 'Dirty Dozen' tax scams
- IRS outlines additional steps to assist unemployed taxpayers
- IRS announces qualified disaster treatment for Chile
- CPA exam contract renewed through 2024
- Survey: Execs confident of business growth
- Benefits, behavior may be keys to controlling health care costs
- IRS, SEC join forces on municipal bond enforcement
- SBA seeks expanded opportunities for women-owned small businesses
- IRS to honor medical resident FICA refund claims
February
- SEC backs single set of global standards
- Feb. 28 final day for special tax option on Haiti donations
- PCAOB offers guidance on engagement quality review
- FEI seeks three-year implementation, flexibility on convergence standards
- Study: States face $1 trillion shortfall in retiree benefits
- SBA examines Obama's small biz initiatives
- FAF to maintain XBRL taxonomy for U.S. GAAP
- IRS debunks frivolous tax arguments
- Survey: Financial planners report loss of confidence in stock market
January
- SEC offers guidance on climate change disclosures
- Guidance offered on IFRS for SMEs
- Haiti donations qualify for immediate tax relief
- COBRA subsidy eligibility period extended through February
- IRS announces qualified disaster treatment for Haiti
- Need a job? Look in D.C., Baltimore
- CPAs mobilize to help Haitian victims
- SEC OKs PCAOB standard on engagement quality review
- New homebuyer credit form released
- SEC plan would strengthen cooperation with investigations
- SEC seeks comments on structure of equity markets
- New SEC rule would prohibit unfiltered access to exchanges
- PCAOB issues guidance on special reporting, predecessor firm registrations
- White paper examines financial reform legislation
- IRS streamlines, simplifies taxpayer notices
- GASB issues final guidance on post-employment benefits, Chapter 9 bankruptcies
- Report: IRS must focus on service, collection
- IRS to regulate tax preparers; CPAs excluded
- PCAOB reporting requirements take effect
- IRS extends taxpayer data disclosure authorization to 120 days