New Jersey news

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.
Tax

The Tax 'Miseducation' of Lauryn Hill

Grammy Award winner Lauryn Hill has been charged with failing to pay taxes on income totaling $1.8 million.
Community News

Company Announcements: Week of May 21, 2012

Following is the latest roundup of accounting community news for the week of May 21, 2012.
Practice

AICPA Survey: 17 Percent of Young Adults Check Bank Accounts Daily

There's little doubt most young adults are obsessed with their digital devices and the latest technology that helps them use those devices. In fact, three times as many young adults check their social media accounts daily as check their bank accounts, according to the results of a national telephone survey conducted for the AICPA.
Community News

Company Announcements: Week of May 14, 2012

Following is the latest roundup of accounting community news for the week of May 14, 2012.
Tax

AICPA 2012 Sidney Kess Award Winner Takes Volunteerism to the Road

The American Institute of CPAs (AICPA) honored Martin Shenkman, principal at Martin Shenkman P.C., in Paramus, New Jersey, with the 2012 Sidney Kess Award for Excellence in Continuing Education at its Conference on Tax Strategies for the High-Income Individual in Las Vegas, Nevada, on May 1, 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.
Community News

New Jersey CPAs Provide Students with $425,000 in Scholarships

For more than five decades, the New Jersey Society of Certified Public Accountants (NJSCPA) has supported the study of accounting at the high school and college levels. The NJSCPA Scholarship Fund has become the largest professional scholarship program in New Jersey. This year, it will award more than $425,000 in scholarships.
Tax

Former Partner at BDO Seidman LLP Sentenced to Prison for Tax Crimes

Stephen A. Favato, a resident of Point Pleasant Beach, New Jersey, and a former partner in BDO Seidman LLP's Woodbridge, New Jersey, office, was sentenced to eighteen months in prison for tax crimes, the Justice Department and the IRS announced April 16.
Practice Development

The JOBS Act: Economic Solution or Investor Nightmare?

In an effort to jump-start the US economy and create more jobs, both the House and Senate passed the Jumpstart Our Business Startups (JOBS) Act, and President Obama signed the act into law April 8, 2012.
Community News

Company Announcements: Week of April 9, 2012

Following is the latest roundup of accounting community news for the week of April 9, 2012.
Community News

Company Announcements: Week of April 2, 2012

Following is the latest roundup of accounting community news for the week of April 2, 2012.
Community News

Company Announcements: Week of March 19, 2012

Following is the latest roundup of accounting community news for the week of March 19.
Tax

Lawsuit Charges IRS with "Power Grab" in New Tax Preparer Regulations

The Institute for Justice filed suit against the IRS on behalf of three independent, paid tax return preparers, challenging the IRS' authority to license and regulate paid tax preparers. The IRS instituted new requirements for paid tax preparers last year. The new regulations will be phased in over a three-year period.
Practice

Employers Paying the Penalty for Wage and Hour Violations

In prosecution of wage and hour violations, the stakes are getting personal. In several recent cases, the government has penalized company owners and officers for failing to pay overtime, imposing stiff fines and even imprisonment.
Community News

Big Win for Accounting Profession in New Jersey Supreme Court

In a unanimous decision, the New Jersey Supreme Court on February 16 reversed an Appellate Court decision in a case brought by a third party that found KPMG LLP guilty of negligence for failing to uncover accounting fraud by a former client, Papel Entities.
Tax

Rapper Lil' Kim Owes IRS Big Bucks

Lil' Kim, a famous rap artist who has been working to turn her life around, allegedly owes more than $1 million in state and federal taxes for the years 2002 to 2009. Celebrity news website TMZ reported that her 2009 debt of $86,347 was recently added to the total she already owed, bringing it to $1,026,862.
Practice

Intuit Small Business Employment Index Results

Small businesses created 50,000 new jobs in January but paid employees less and gave them fewer hours. The East Coast, especially New York, showed more weakness in employment than in other parts of the country. These are some of the results of Intuit's latest Small Business Employment Index.
Community News

"SmartCEO" Magazine Future 50 Award Given to Citrin Cooperman

Philadelphia accounting, tax, and business consulting firm, Citrin Cooperman, has been recognized by Philadelphia SmartCEO magazine as a 2012 Future 50 Award recipient. Led by the Philadelphia office managing partner Mark S. Carrow, Citrin Cooperman was honored at the magazine's awards ceremony in January.
Community News

Gerald Brignola, CPA, PA, Merges with Traphagen Financial Group

Traphagen Financial Group, an accounting and wealth management firm, announced its merger with Gerald Brignola, CPA, PA (GB), a Paramus, New Jersey–based accounting firm, effective January 1, 2012.

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