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Puerto Rico’s plan to slash its sales-tax-backed debt relies on a tax-free exchange of old bonds for new ones. But the partial U.S. government shutdown has thrown a wrinkle in the proceedings, bondholders said in court Thursday: the Internal Revenue Service hasn’t been able to vet it in advance because of the closure. That led […]
Frank Rudewicz (pictured) was appointed senior partner and counsel at BlumShapiro, Boston. AAFCPAs, Westborough, promoted four to partner: Andrew Hammond and Carmen Grinkis, wealth advisors; Matthew McGinnis, leader in the community and economic development practice; and Davide Villani, leader in the employee benefit plan audit and consulting practice.
Nexia International, London, reported its financial results for 2018, which broke the $4 billion USD barrier for the first time, at $4.02 billion across the network, an increase of 11 percent from 2017. MGI Worldwide, London, has been admitted as a member of the Forum of Firms, an independent association of international networks of firms […]
Bill.com, the digital payments and invoicing app, has named Bora Chung its new senior vice president of product. Bill.com is one of the most popular apps among QuickBooks users for bill payments, and has been bolstering its product in recent years with artificial intelligence and machine learning capabilities. Chung brings experience from eBay, Apple and […]
Ernst Young has elected Carmine Di Sibio as the firm’s next global chairman and CEO, succeeding Mark Weinberger, effective July 1, 2019. Di Sibio is currently global managing partner of client service at EY, and he’s held that role since 2013. He is in charge executing EY’s strategy, and last year the accounting firm network […]
Tax prep franchise Happy Tax has filed a lawsuit against HR Block in a federal district court in New York, accusing the tax prep chain of false advertising. Happy Tax claims HR Block is making misleading claims by advertising that its upfront and transparent pricing is available “only from HR Block.” Happy Tax, while a […]
The 6th Annual Accounting Firm Operations and Technology Survey from Tankersley Consulting is now open and has begun gathering responses. The survey will be open to participants through Feb. 15, 2019. Participants will be eligible to receive a copy of the full report in a PDF e-book, expected to be delivered in May 2019, at […]
The greatest asset of an accounting firm is its people. Unfortunately, this also means that people can be one of its greatest legal risks. While compliance with employment laws can be daunting, even small efforts can mitigate risk. Following are the six largest areas where accounting firms are most likely to find risk – and […]
Business owners — and their accountants — can rest a bit easier: the IRS has given them the long-anticipated final word on how they can claim one of the biggest perks in the 2017 Republican tax overhaul. Timothy Fadek/Bloomberg The regulations detailing the new 20 percent deduction for pass-through business owners are of critical importance […]
Sageworks, a provider of financial information on businesses, is now part of a new entity called Abrigo. The private equity firm Accel-KKR acquired Sageworks last year (see Accel-KKR acquires Sageworks). Sageworks was based in Raleigh, North Carolina, and specialized in providing financial software and information on private companies to accounting firms, banks and credit unions. […]
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