High Quality Work…Great Customer Service.
The Internal Revenue Service hasn’t done enough to improve its procedures for reviewing amended tax returns to reduce erroneous and fraudulent tax refunds, according to a new report. The report, from the Treasury Inspector General for Tax Administration, followed up on earlier reports by TIGTA that found risks of fraudulent and erroneous tax refunds from […]
President Donald Trump scored a minor victory as the U.S. judge hearing his lawsuit to block New York from turning over his tax returns to House Democrats told the state to wait until after he rules on its request to dismiss the lawsuit. U.S. District Judge Carl Nichols ordered New York to notify him if […]
BDO USA, acquired boutique advisory firm Loughlin Management Partners Co., with the group now operating as BDO Consulting Group, a separate legal entity affiliated with BDO USA. (Read the full story.) Baker Tilly, Chicago, celebrated its fourth annual Stewardship Day on Aug. 1, a single day of service when firm members volunteer with more than […]
Frank Mahoney (pictured) was appointed region managing partner for the US-West at Ernst Young, San Francisco. He also serves as a senior advisory partner for several of the firm’s largest clients in the region and continues to serve on the U.S. executive committee and the Americas operating executive. Mahoney previously served as the Americas vice […]
Employers added a healthy 164,000 jobs in July, including 6,300 in accounting and bookkeeping services, the U.S. Bureau of Labor Statistics reported Friday, but the unemployment rate remained unchanged at 3.7 percent. Many of the job gains last month happened in the professional and technical services area, health care, social assistance and financial activities. Professional […]
Accounting giant KPMG was fined 3.5 million pounds ($4.24 million) for misconduct over reports on Bank of New York Mellon Corp. The Financial Reporting Council on Thursday said a partner, Richard Hinton, was also fined 75,000 pounds over 2011 client asset reports he had signed on behalf of KPMG. Both KPMG and Hinton got discounts […]
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 […]
Powered by WordPress. AwesomeOne theme by Flythemes