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Democratic presidential candidate Kamala Harris says she would fund her health-care plan by rolling back one of the few changes in President Donald Trump’s tax law that Democrats actually wanted. The California senator wants to fund her version of “Medicare For All,” which she says would allow Americans to buy into a public-run option or […]
In the area of fixed assets and the resultant depreciation there are some major differences between the GAAP rules codified in ASC Topic 360 and the IFRS rules in IAS 16. In GAAP there is only one way to initially record a fixed asset and that is the cost method. The cost method involves recording […]
Top 100 Firm blumshapiro has expanded in Massachusetts by adding Cowan Bolduc Doherty, a firm based in North Andover, effective August 1. The deal will add 20 professionals, including three partners, to blumshapiro. Financial terms were not disclosed. Blumshapiro, based in West Hartford, Connecticut, ranked 58th on Accounting Today’s 2019 list of the Top 100 […]
Brixmor Property Group Inc.’s former CEO and ex-CFO were charged with manipulating income at the New York-based shopping-center owner. Image: Bloomberg Michael Carroll, who was chief executive officer, and Michael Pappagallo resigned in February 2016 following a discovery by the audit committee that employees were “smoothing” income to make quarterly results more consistent and within […]
LBMC, an Accounting Today Top 100 Firm based outside Nashville, has acquired Think Data Insights, a company that provides data platforms and analytics solutions. More firms are upping their stake in analytics and other technology capabilities as the accounting industry becomes increasingly tech-enabled. Financial terms of the transaction were not disclosed. LBMC’s offices in Brentwood, […]
What makes someone elite? In some cases, it’s skill or talent — the basketball player who always sinks a free throw, the artist who can draw a perfect circle freehand, or the singer with perfect pitch. In others, it’s imagination or innovation — the engineer who sees a novel way to solve a problem, or […]
Business and tech consultancy Net at Work, an Accounting Today VAR 100 firm, has acquired Southeast Computer Solutions, a consulting firm and Sage partner based in Miami. Net at Work has been acquiring strategically over time to increase its footprint in the United States, last year adding Michigan-based Management Advisory Services and Florida-based Inventory Management […]
The Internal Revenue Service and the Treasury Department released guidance Wednesday enabling taxpayers to make a late election, or revoke an earlier election, for the bonus depreciation tax break for the property they have acquired for a business. The Tax Cuts and Jobs Act of 2017 made a number of changes to the bonus depreciation […]
Few service offerings can boast the sort of boom that client accounting services have enjoyed in the past five or six years, as technological advances (particularly in the cloud), client needs, and bold practitioners have combined to create enviable growth rates and an entirely new way of looking at how firms serve business clients. For […]
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