Delaware news

Community News

McCrory & McDowell announces merger with ParenteBeard

Philadelphia-based ParenteBeard LLC, the largest CPA firm headquartered in Pennsylvania, and McCrory & McDowell, LLC, one of the largest Pittsburgh-based accounting and consulting firms, have announced they will combine practices effective June 1, 2011.
Tax

Celebrities find themselves targets of the law, IRS

Has another star of The Brady Bunch gone bad or was it a case of mistaken indentity? Christopher Knight, through no fault of his own, leads this installment of AccountingWEB's celebrity news.
Tax

Tax Foundation releases state business tax index

South Dakota's tax system is most welcoming to economic activity while New York's tax code ranks 50th as the least hospitable, according to the Tax Foundation's most recent edition of the State Business Tax Climate Index, which ranks the tax systems of the 50 states.
A&A

PCAOB announces participants in roundtable on new proposed communications standard

The Public Company Accounting Oversight Board has announced the names of the participants in the roundtable discussion on its proposed standard on auditors' communications with audit committees.
Community News

Hedge fund investors sue Ernst & Young over fraudulent auditing practices

Five investors who lost millions of dollars following the collapse of a Plano, TX-based hedge fund in 2008 filed a lawsuit against Ernst & Young LLP last week that accuses the Big Four accounting firm of fraud during its time as the fund’s auditor.
Community News

Company announcements: Week of August 23

Following is the latest roundup of firm news for the week of August 23, 2010.
Community News

Clifton Gunderson merges with St. Louis-based Humes & Barrington

Clifton Gunderson, a Milwaukee-based certified public accounting and consulting firm, recently announced it has merged with Humes & Barrington LLP – a full-service CPA firm based in St. Louis.
Tax

Broke states and broken promises

According to a recent report from the National Association of State Budget Officers and the National Governors Association, state fiscal conditions "have continued to worsen" and state revenues can be expected to lag behind a national economic recovery by one to three years.
Tax

Fear factor: Intimidating print, TV ads used in amnesty program

Tax amnesty can be an effective way for a taxing authority to quickly fill its coffers, clear a lot of names off the delinquency list, and help balance the budget. States do it from time to time, though critics warn that it can undermine regular collections if taxpayers begin to sense a pattern.
Tax

Philadelphia launches first tax amnesty program in more than two decades

For the first time since 1986, Philadelphia is offering individuals and businesses delinquent in paying city taxes an opportunity to settle up on what they owe.
Tax

States scramble for tax revenue wherever they can find it

Imagine your state tax collectors hard at work…reading the entertainment news as part of their job description. State tax authorities always have used the media to track the cross-state earnings of sports stars, celebrities, and other wealthy individuals.
Community News

Deloitte the winner in legal fight with former partner

A former high-ranking partner in Deloitte has been found liable for violating conflict of interest rules for trading in stock and options of companies that were also firm clients.
Tax

Deer hunters and the IRS: Tax-break would help both needy and hunters

U.S. Senator Charles Schumer (D-NY) is proposing a tax break for deer hunters who donate venison to food pantries, and the idea is gathering support.
Community News

Mid-Atlantic region sees merger of Beard Miller and Parente Randolph

ParenteBeard LLC has been created from the merger of two large Mid-Atlantic accounting firms - Parente Randolph and Beard Miller Company.
A&A

Parente Randolph and Beard Miller Company announce intent to merge

Two of the top 40 accounting and consulting firms in the United States – Parente Randolph LLC and Beard Miller Company LLP – announce their intent to merge.

Debit cards are new option for Social Security recipients

People who receive Social Security can now get their monthly payments on a prepaid debit card, a new alternative to checks or direct deposit. The U.S. Treasury is offering the Direct Express Debit MasterCard card as a safe, convenient way to receive money, according to wickedlocal.com.

CPA mobility legislation gains national momentum

Twenty-three states have approved laws to make it less burdensome for certified public accountants to represent clients across state lines.The American Institute of Certified Public Accountants is seeking enactment of similar laws in every state so that a national uniform mobility system will become a reality for CPAs, CPA firms, and the state boards of accountancy that regulate them.

Maryland becomes 18th state to enact CPA mobility legislation

The Maryland General Assembly last week passed a CPA mobility bill that will make it easier for CPAs to do interstate business.

News Wrap-Up - Issue 240

This News Wrap-Up Brought To You By:PricewaterhouseCoopers ComperioFirst Research Industry Profiles THIS WEEK'S NEWSMore Workers Eligible for Overtime Pay under New RuleE&Y Suspended from Taking New Audit Clients for Six MonthsTax Business Accused of Bilking 100,000 CustomersScrushy Must Repay $25 Million Loan to HealthSouthPCAOB Names Advisory GroupEmerging from

News Wrap-Up - Issue 236

This News Wrap-Up Brought To You By:Bentley CollegeEFTPS - Electronic Federal Tax Payment SystemTHIS WEEK'S NEWSJudge Orders WorldCom to Stop Paying KPMGNC Subpoenas Deloitte in Unemployment Tax InvestigationH&R Block Broker Branch under Scrutiny; Computer Server StolenTreasury Issues Accounting Method Change ProcedureFASB Establishes Sma

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