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Cigars and nose jobs; “training” to manipulate numbers; and other highlights of recent tax cases. Cincinnati: Fesum Ogbazion, 44, owner and CEO of ITS Financial LLC, the national franchisor of Instant Tax Service, has been convicted of conspiracy to commit wire fraud, wire fraud, bank fraud, evasion of employment taxes and failure to pay over […]
Accounting firm combinations in Florida and Alabama lead the bill in a roundup of recent MA activity in the profession, plus a payroll company has been acquired. Florida Wiltshire, Whitley, Richardson English merges in McGee-CPA, PL Details: Wiltshire, Whitley, Richardson English, P.A. has added McGee-CPA, PL, effective June 1. McGee-CPA principal D. Todd McGee has […]
In previewing the future of the accounting profession, the word “scary” was used more than a few times by Jon Baron, president, professional, tax accounting at Thomson Reuters, in his keynote address on technology trends to attendees of the California Accounting Show and Business Show and Conference June 7. The largest area of concern was […]
There was a time when consulting projects came in very specific shapes and only fit into the same-shaped hole. If you had a strategy project you gave it to a strategy firm like McKinsey or BCG. If you wanted to outsource a load of your IT, you called Accenture, or maybe someone like Capgemini. If […]
Accountants looking to solve problems or come up with innovative solutions will often try to “think outside the box” – but that may be a serious mistake, according to puzzle-builder David Kwong. In a keynote address at the Rainmaker Cos.’ 2017 SuperConference: Beyond the Barriers, Kwong explained the typical scenario for this kind of activity: […]
Audit myths; credits and whistleblowers; details of reform; and other highlights from our favorite tax bloggers. A pot to PTIN Rubin on Tax (http://rubinontax.floridatax.com): A look at the recent D.C. district court decision regarding the IRS and PTINs, that the Treasury has no ability to collect these fees and must rebate fees already collected. How […]
Four seismic shifts are going on in the accounting landscape right now, a panel of experts recently told a conference of CPA firm partners and leaders, from how firms generate their revenue and how they staff their engagements, to how they service their clients and how they will build the firms of the future. While […]
Many companies are at risk of falling behind schedule on implementing the revenue recognition standard, according to a new survey by Ernst Young, and CFOs and CIOs are not in agreement on the reason why. According to the findings, 70 percent of companies do not yet have their revenue recognition programs complete, while 45 percent […]
For much of my career, I have worked in small firms. For the past 12 years I have been a partner in WithumSmith+Brown, PC, the 26th largest firm in the U.S., but before then the largest firm I worked in was one that I founded with a partner in 1974 and left in 1988 when […]
Marcum LLP has merged in the construction accounting practice of Warren Hennagin, who is joining the firm as an assurance services partner in the firm’s Irvine, Calif., office. Hennagin will become leader of Marcum’s construction services practice in California. Marcum, based in New York City, currently has offices in several locations in California, including Irvine, […]
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