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Carl Herbein, founder of Reading, Pennsylvania-based Herbein Co., died Sept. 16. He was 71. A native of the Oley Valley in Pennsylvania, Herbein began his accounting career at Ernst Young, spending five years there after graduating from Elizabethtown College with a BS in accounting in 1968. He founded his own firm in 1972, and grew […]
Photo: AICPA With taxpayers unsure how to handle their 2017 tax obligations, the American Institute of CPAs is asking the Treasury and the Internal Revenue Service for immediate guidance on Code Section 965 transition tax reporting. As part of the Tax Cuts and Jobs Act, the Sec. 965 transition tax requires U.S. shareholders, including individuals, […]
The Securities and Exchange Commission announced a variety of regulatory relief and assistance for a range of constituents affected by Hurricane Florence, including allowing auditors to help clients reconstruct lost records. Noting that company records may have been lost, damaged or destroyed by the hurricane, the commission said in its order that it understands that, […]
Even as cleanup in the Carolinas begins after Hurricane Florence, the IRS warned that scammers may well try to take advantage of taxpayers who want to help victims of major disasters. Schemes normally start with unsolicited contact by telephone, social media, e-mail or in-person. Some impersonate charities to get money or private information from would-be […]
Sage has released Sage Intacct Budgeting and Planning for small to midsized businesses, stemming from its acquisition of Budgeta earlier this year. The new tool is a cloud-based financial budgeting and planning solution that allows for collaboration between users on the platform, with the goal of eliminating spreadsheets and emails from the planning process. Budgeta, […]
Recovering the EITC; unwrapping sales tax; gambling losses and other natural disasters; and other highlights from our favorite tax bloggers. Manafortitude Federal Tax Crimes (http://federaltaxcrimes.blogspot.com/): Paul Manafort has reached a plea agreement with the special counsel that requires his cooperation with the special counsel — but do President Trump and Manafort have a joint defense […]
Women head up a low percentage of the audits of major public companies by Big Four firms, according to a report from the CFA Institute. The study found that only 15 percent of lead engagement partners of the SP 500 were female, while only 11 percent of lead engagement partners of the SP 100 were […]
Working in the cloud allows accountants to reduce operating costs and work more efficiently. It allows them to simplify the management of their finances using accounting software and automate administrative functions with software-as-a-service (SaaS)-based applications. However, whilst cloud adoption continues to surge, issues of security and privacy remain a concern for some. Many still believe […]
I started these columns almost five years ago and I feel like I am not a day older than when I started. Chronologically maybe, but mentally, no, and I might even be younger. These columns serve to have me “youthen” like Merlin. Let me explain. When I started writing these columns, my purpose was to […]
Anthony Delfiner (pictured) was hired as a tax partner in the commercial business group in the Jenkintown office of Marks Paneth. RKL Wealth Management, a subsidiary of RKL, Lancaster, announced three promotions and a transfer: Nicholas Boyer was promoted to chief investment officer/executive vice president, Jeffrey Guindon was promoted to senior wealth advisor, Michael Hinerdeer […]
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