Community News news April 2006

Community News

Focus on J.H. Cohn LLP

J.H. Cohn LLP, the largest regional firm in the Northeast and one of the country’s 20 largest accounting firms, confronted by the increasingly complex needs of their middle market client base, in 1997 adopted a strategy of developing specialized practices and making acquisitions in their marketplace. That strategy resulted in revenues for the accounting and consulting firm that grew from $18 million in 1997 to $144 million in 2005.
Education & Careers

Just for Laughs, Student Poet Wins Laugh Factory Contest

Earlier this month, New York’s Laugh Factory offered a reward for the Funniest IRS Story. Last week, a poem by Michelle Yeterian, a student at Fordham University, was declared the winner.“I wrote a poem and submitted it because I didn’t have the courage to deliver it on stage,” Yeterian told AccountingWEB.
Community News

Introducing Sage University for Customers, Prospects, & Business Partners

On Monday, Sage Software announced the launch of Sage Software University, a one-stop, all-inclusive resource for Sage Software training products and services, exclusively for Sage Software customers, prospects and business partners.Advertisement
Community News

AACSB International Accreditation Recipients

Thirteen academic institutions around the world have recently earned accreditation from Association to Advance Collegiate Schools of Business (AACSB) International. These schools join an elite group of 514 accredited institutions, representing less than 10 percent of the world’s business schools, achieving this designation. Of the total 527 accredited institutions, only 168 have also achieved accounting accreditation.
Community News

Research Shows Myths Behind U.S. Social Mobility

Is there any more 'American' story than the immigrant who earns success through hard work, determination and sheer grit?Advertisement
Community News

State Networking Opportunities

Tax season is over, so now we can get back to networking with our peers. Here is a list of State Societies for Certified Public Accountants and a few of their upcoming events.
Practice

Recharging After the Busy Season

It is April the 18th. The office is closed and you are taking a deep breathe before you dive into the two month pile of mail and three inches of phone messages that are sitting on your desk. And then it hits you like a slap in the face, you don’t have enough energy to go grab a cup of coffee, let alone enough energy to dive into your work activities with wild abandon. It feels a little more like sluggish stewing! So… what can you do to increase your energy and get back into the game of life at full strength?
Tax

It’s Tax Day: Take the Afternoon Off!

That’s what management is telling staff at Rachlin Cohen & Holtz, Florida’s largest accounting firm. Over the firm’s 51 year history, they have created a culture of year –round tax planning that allows the firm to close the office at 3:00 p.m. today, rather than burning the midnight oil.“The concept of April 15 is only important if you haven’t preplanned,” Rachlin Cohen & Holtz’ Managing Partner Larry Blum told AccountingWEB.
A&A

Conference Speakers Offer Insight Into Lean Accounting

The concept of lean accounting has been grabbing considerable attention lately.
Community News

Enron's Skilling Denies Conspiracy

Former Enron Chief Executive Jeffrey Skilling attempted to undercut the government's case against his role in the fall of Enron by telling the jury he was not motivated by greed.Advertisement
Tax

Former Ernst & Young Clients Sue Over Tax Shelters

A Florida couple has sued their former accountants for selling them tax shelters that were rejected by the Internal Revenue Service (IRS).The suit contends that Ernst & Young defrauded Rocco and Mary Abessinio and other wealthy taxpayers, out of $5.9 million in fees for the bogus tax shelters, Reuters reported.
Community News

Outsourcing Goes Global; Small and Mid-Size Companies

IBM Global Services and Accenture, US companies that provide outsourcing services, are adding staff in China, Hungary, the Czech Republic and Brazil, and even some of India’s giant outsourcing companies, like Tata Consultancy Services, are themselves looking to send some functions to other countries, forbes.com says.
Community News

Immigrants a Big Part of Economic Engine

Immigration reform is being debated–and protested–across the country as the economy continues to chug along with the aid of millions of illegal immigrant workers.The latest economic figures show that business activity in the services sector was up in March. The Institute for Supply Management's services index rose to 60.5 in March, from 60.1 in February, as new orders improved and prices paid dropped, Reuters reported.
Technology

Apple Grows Up - Even for Accountants

On April 1, 2006, Apple Computer celebrated its 30th birthday. Some may consider it an April’s fool joke to suggest seriously considering Apple’s computing platform, the Macintosh, as a legitimate accounting tool.
Tax

AICPA Urges Pause in Section 7216 Regulatory Effort

The American Institute of Certified Public Accountants (AICPA) testified at an Internal Revenue Service (IRS) hearing on Tuesday, that regulatory process regarding proposed regulations under Internal Revenue section 7216, should be paused to allow for further discussion. The AICPA told the IRS that protection of tax return information should remain a top priority.
Community News

Mergers and Acquisitions Integrated Library Combines Best of Aspen and CCH

“This Library contains the materials that experts look to first for insight and strategies – notably works by Martin Ginsburg and Jack Levin – along with authoritative collections of primary source materials,” Steve Santel, Aspen Publishers product manager said in announcing the integrated library.Advertisement
Tax

New Nationwide Licensing Program Offers Tax Preparers an Alternative to Franchising

Tax Smart America, Inc. on Monday, launched the Tax Smart America® Business Center License Program offering tax professionals a new alternative to expensive franchise systems, such as those of H&R Block, Jackson-Hewitt or Liberty Tax.

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