Below please find daily updates pertaining to the latest in financial, business, and tax news:
AccountingWEB.com - NewsIRS expected to drop UBS lawsuit
Officials with the Internal Revenue Service last week said that the agency would drop its civil lawsuit against UBS following assurances from the Swiss government that is was in the process of delivering information on thousands of American clients suspected of using UBS accounts to evade U.S. taxes.
Pigs might not fly, but for Somerset CPAs, they can drive a racecar
Indianapolis is known as "The Racing Capital of the World," and it just so happens there are employees at Indianapolis-based Somerset CPAs P.C. who follow auto racing. So it’s no surprise that the firm created and entered a racecar-themed structure for the CANstruction event at the Indiana State Fair in August. The result: a victory in the Best Meal category. Jason Bramwell reports.
Company announcements: Week of August 30
Following is the latest roundup of firm news for the week of August 30, 2010.
Abalos & Associates, PLLC, recently announced that Liam Shaw has joined the firm as a senior associate. In this position, Shaw will be responsible for tax planning and preparation, financial statement preparation, and client consulting.
Convictions upheld, fine reduced in KPMG tax shelter case
A $6 million fine levied against former KPMG LLP senior manager John Larson for selling illegal tax shelters was reduced by half last week by a U.S. appeals court.
By Glenn Hunter
Deltek solutions, designed to meet the unique needs of government contractors, have compliance history dating back to 1983. Over 1,200 government contractors and nearly 70 percent of the Top 100 federal contractors successfully use Deltek software to support cost-collection, allocation, reporting and billing on government contracts. Peter Witts CPA is a Deltek Alliance Partner -- our goal is to offer the government contractor the best value in products and services. For more information, visit www.deltek.com.
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