Massachusetts news

Education & Careers

Ernst & Young Mentors Make College a Reality

Maria Prestigiacomo is one of more than 200 Ernst & Young employees in the United States helping low-income high school students see college as a reality by participating in the firm's College MAP initiative.
Education & Careers

Richard Caturano Elected Chairman of AICPA

Richard J. Caturano, CPA, CGMA, is the new chairman of the American Institute of CPAs (AICPA), the world's largest member organization representing the accounting profession.
Tax

Crime Watch

Here's our latest roundup of tax crime news. Today's cases involve real estate mortgage fraud, tax evasion, an under-the-table payroll scheme, and an underground warehouse banking scheme.
A&A

Ruling Extends SOX Whistleblowing Protections

Following a recent ruling by the US Department of Labor's Administrative Review Board, accounting firms that do work for public companies may be far more vulnerable to whistleblowing claims under SOX.
Education & Careers

MSCPA to Host Partner Retreat November 28-30

At the upcoming Massachusetts Society of CPAs partner retreat, managing partners and firm leaders in attendance will learn how to gain an advantage over their competitors, attract new clients, and increase their profits.
Education & Careers

Intuit Indexes Show Small Business Growth Slowing

Results of the monthly Intuit Small Business Revenue and Employment indexes are in. They show revenue in August declined for the sixth consecutive month, and employment continued to grow slowly in September.
Tax

Tax Fraud Promoters Get Lengthy Prison Sentences

Catherine June Floyd was sentenced to sixty months in prison, and William Scott Dion got an eighty-four-month sentence for tax fraud. Each was ordered to pay restitution of $3 million.
Education & Careers

MSCPA's Six Women to Watch Award Winners

Women to Watch Awards recognize women who have made significant contributions to the accounting profession and to the development of women in their community. Six honorees were recognized at the MSCPA's "Women's Leadership Summit."
A&A

CPA Mobility Becomes Law in California

CPAs from outside California will now be able to serve clients in the state without obtaining a license or paying a fee to the California Board of Accountancy (CBA) under a new law signed on September 20 by Governor Jerry Brown.
Tax

Prison Sentence for Tax Fraud Promoter

William Scott Dion was sentenced to eighty-four months in prison for conspiring to defraud the United States and for obstructing the IRS. He was also ordered to pay restitution in the amount of $3 million.
Education & Careers

Top Cities for Best Salary Raises

Workers in a majority of metropolitan areas received substantial raises from 2010 to 2011. Cities with greater concentrations of college graduates did even better, according to data from the Martin Prosperity Institute.
Education & Careers

Beta Alpha Psi's Outstanding Faculty Advisor Awards

The Outstanding Faculty Advisor Award, sponsored by McGladrey LLP, was presented to five faculty advisors at the Beta Alpha Psi Annual Meeting in Baltimore, Maryland, on August 3, 2012.
Practice

Should You Send Some Tax Work to India?

Are you having trouble hiring enough staff to do all your tax returns? Consider outsourcing some of the overflow to India.
Community News

Company Announcements: Week of June 11, 2012

Following is the latest roundup of accounting community news for the week of June 11, 2012.
Education & Careers

AICPA: 2011 Elijah Watt Sells Award Winners Announced

The American Institute of Certified Public Accountants has announced the winners of the 2011 Elijah Watt Sells Award. Thirty-seven students received this honor.
Tax

Massachusetts Man in Prison for Filing False Tax Returns

Kevin P. Mahoney of Massachusetts was sentenced April 24 to sixty months in prison following trial convictions on corruptly endeavoring to obstruct the administration of the Internal Revenue laws, filing false tax returns with the IRS, and criminal contempt of court, the Justice Department and the IRS announced.
Practice

AICPA Scholars Program Aims to Increase Accounting PhD Faculty

In fall 2009, when most young professionals and recent college graduates were struggling to find almost any position in the decimated American job market, Denise Hanes, a successful senior associate with PricewaterhouseCoopers (PwC) in Philadelphia, did what many might consider the unthinkable.
Practice

New Technology That Sharpens the Ability to Read Nonverbal Cues

A Herman Group Trend Alert reported that the Massachusetts Institute of Technology (MIT) Media Lab has developed special glasses that use a built-in camera linked to software to analyze the facial micro-expressions of a person who is talking directly to another person.
Tax

NH and MA Residents Convicted for Promoting/Using Tax Defier Schemes

A federal jury in Worcester, MA, convicted William Scott Dion and Catherine Floyd, both of Sanbornville, NH, and Charles Adams of Norwood, MA, for conspiracies to defraud the United States through the promotion and use of multiple tax fraud schemes, the Justice Department and the IRS announced on April 2.
A&A

Calcbench Named the Grand Prize Winner of the XBRL Challenge

Calcbench, an open source application that consumes corporate XBRL data and performs comparative analytics, was named the winner of the XBRL Challenge at the XBRL and Financial Analysis Technology Conference on February 29. The contest is for developers of applications that leverage XBRL-formatted data in the SEC EDGAR database.

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