Community News news March 2006

Tax

Effects of KPMG’s Deferred Prosecution Agreement May Be Felt for Years

The most prominent case in recent years, involving the much strengthened Internal Revenue Service’s enforcement division working with the Justice Department, has been the investigation of KPMG by a New York grand jury for promoting tax shelter abuses. The investigation concluded with the decision by the Justice Department not to pursue a criminal indictment of the firm, but to enter into a deferred prosecution agreement (DPA) in which KPMG admitted to substantial wrongdoing and agreed to pay penalties and implement reforms and higher standards.
Community News

Matherne Expects to Stay Active With CPAs

Although he’s leaving the American Institute of CPAs (AICPA) where he led some of the most significant efforts in information technology, Louis Matherne expects to still be very active with CPAs and their work with technology.Advertisement
Technology

TurboTax Wants to Help Taxpayers Spend Their Refunds

Intuit’s TurboTax has added a new incentive for taxpayers to purchase their tax return preparation software, the chance to participate in the TurboTax refund bonus program.
Technology

CCH Offering XBRL Capabilities to ProSystem fx Customers

Accounting profession software giant CCH’s decision to provide its customers the ability to render clients’ financial documents into an XBRL format, which allows for instantaneous access and collating of the most detailed information in business reports, could be a major boost to the XBRL movement nationwide, according to a top executive in an alliance with CCH.Advertisement
Community News

Accounting Firm J.H. Cohn LLP Posts 12% Growth

“This past year, we positioned ourselves to leverage all the positive events in the marketplace, and our business has never been better at the firm,” Thomas J. Marino, CEO of J.H.Cohn LLP said in a statement announcing that the firm’s revenues increased by 12 percent, from $128 million to $144 million, during the fiscal year ending January 31, 2006.
Practice Management

PPC Expert Accounting & Auditing Guidance Available on RIA’s Checkpoint

On March 27, 2006, accounting firms can look to one platform for their research, guidance and workflow needs as PPC’s complete line of Accounting & Auditing guidance and e-Practice Aids become available on RIA’s Checkpoint ®. More than 90 PPC titles, including Guide to Public Company Audits, Guide to Audits of Small Businesses, Guide to Compilations and Review Engagements and the 1040 Deskbook will be integrated and linked with primary source material.“Customers tell us that the PPC engagement guidance and tools have become a critical part of their workflow.
Community News

Sox-In-A-Box Acquires HIPAA Consulting Firm

Sox-In-A-Box has acquired a HIPAA consulting firm that will enhance the business model designed by Sox-In-A-Box.
Technology

Women and Money – A Match Made in Heaven

Women face special challenges when it comes to managing their money. Stereotypes abound that perpetuate the myth that women aren’t any better at financial management than they are at operating motor vehicles. Janice Kimball, a CPA in Corpus Christi, TX, has worked with clients who have fallen into that clichéd trap. “I still have clients where the woman in the relationship still does not have a clue about any of their finances,” Kimball said.
Tax

Firms Respond to Competitive Tax Services Environment

Gaining new clients in the increasingly competitive tax preparation services business has meant a change in business strategy for many CPA firms and pressure for companies like H&R Block and Jackson Hewitt. Jackson Hewitt has expanded in H&R Block’s market, which has traditionally served lower and middle income taxpayers in community store fronts, the San Francisco Business Times reports.
Practice Management

Trends in the Accounting Workforce

The results of A Decade of Changes in the Accounting Profession: Workforce trends and Human Capital Practices, released in February, indicate that women are increasingly attaining leadership positions in public accounting firms and that both men and women are taking advantage of the alternative career paths offered by an increasing number of firms.
Practice

Crowe Chizek Among Best Places to Work in Northeast Indiana

Commitment to outstanding employment practices and support for staff has earned the Fort Wayne office of Crowe Chizek and Company LLC a Best Places to Work in Northeast Indiana Award from the Fort Wayne Business Journal and the Preston Joan Group.
Community News

WithumSmith+Brown Among “Best Places to Work in New Jersey”

NJBIZ, a weekly business publication, has named WithumSmith+Brown (WS+B), Certified Public Accountants and Consultants to the “Best Places to Work in New Jersey” list for the second consecutive year.

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