New York news

A&A

Coming to a town near you: PCAOB forum series addresses emerging small business audit issues

The Public Company Accounting Oversight Board has announced the 2011 schedule for its Forum on Auditing in the Small Business Environment. The first of seven events will be held in Boston, MA, on Thursday, April 28.
Community News

Company announcements: Week of February 14

Following is the latest roundup of accounting community news for the week of February 14, 2011.
A&A

Censured accountant left a trail of violations

When the U.S. Securities and Exchange Commission tells a CPA, “Thou shalt not practice,” they don’t mean maybe. The SEC filed a settled enforcement action January 11 against Michael R. Drogin, of New York and New Jersey.
Community News

Company announcements: Week of February 7

Following is the latest roundup of accounting community news for the week of February 7, 2011.
Tax

Obama plan would ease state debts through payroll taxes

An Obama administration proposal would ease the debts of states struggling to pay unemployment benefits by increasing the amount of payroll taxes collected from businesses.
Tax

NBC accountant's attorney calls embezzlement accusation 'cuckoo'

A lot of young people would have loved Matthew Rudolph’s job as an accountant for NBC’s show 30 Rock. As it turns out, there might be a vacancy. After being accused of padding his corporate expense account to the tune of about $13,600, Rudolph is now awaiting arraignment.
Practice

Small business employment index indicates job growth in January

Small business employment continued to show encouraging growth in January, with hours worked showing a strong increase as wages grew slightly, according to a recent survey.
Education & Careers

University of Texas at Dallas team takes top honors in AICPA competition

Can a hotel become more sustainable and reduce its carbon footprint by using LED lighting and installing a rooftop garden? A team of four accounting students from the University of Texas at Dallas thinks so. The American Institute of Certified Public Accountants and a popular luxury hotel think so, too. Jason Bramwell reports.
Education & Careers

College students compete in PwC xTREME Games

Business students from the University of Illinois last week won the national round of the PwC xACT division for the third consecutive year. The xACT and the xTAX divisions are part of PwC US's xTREME Games, now in its ninth year.
Tax

WikiLeaks may reveal names of tax evaders

Although WikiLeaks is reportedly reviewing secret information on approximately 2,000 offshore banking clients, it’s unlikely the material will be made public soon, according to reports.
A&A

PCAOB to conduct audits of U.S. accounting firms operating in the UK

The Public Company Accounting Oversight Board and the Professional Oversight Board in the UK have signed an agreement that will allow the PCAOB, working in cooperation with the POB, to resume audits of accounting firms registered in the UK.
Community News

Company announcements: Week of January 10

Following is the latest roundup of accounting community news for the week of January 10, 2011.
Community News

Morrison, Brown, Argiz & Farra joins forces with ERE

Miami-based Morrison, Brown, Argiz & Farra, LLC, and New York-based ERE, LLP, this week announced that they have joined forces. As a result, ERE will become MBAF-ERE CPAs, LLC, a division of MBAF.
Community News

Rosen Seymour Shapss Martin & Co. expands operations through merger

Rosen Seymour Shapss Martin & Company LLP recently announced that Kahn, Hoffman & Hochman, LLP has merged its practice into RSSM effective January 1, 2011. The firm will operate under the name Kahn Hoffman & Hochman LLC, a Division of RSSM LLP.
Practice

Small business employment index indicates 57,000 jobs created in December

Small business employment continued to show growth in December with an increase in hours worked and wages flat, according to the most recent Small Business Employment Index by Intuit Inc.
Community News

Gilman Ciocia acquires Hoffman, Levy, Bengio

Gilman Ciocia announced this week that it has acquired Hoffman, Levy, Bengio & Co., PL., formerly located in Hollywood, Florida. As part of the transaction, the firm has relocated its operations into Gilman Ciocia's office in Aventura, Florida.
Community News

Company announcements: Week of January 3

Following is the latest roundup of community news for the week of January 3, 2011.
Tax

Celebrity stew: Stars up to their necks in IRS trouble

Rounding out 2010's cavalcade of celebrities mired in tax issues are actor Val Kilmer, songwriter Lamont Dozier, rapper Trick Daddy, and all-around weirdo Grace Jones.
Tax

Nicolas Cage: A tale of multiple foreclosures

Think you have issues with the IRS? Consider Nicolas Cage. By the latest count, he owes Uncle Sam approximately $14 million in back taxes relating to income from 2002, 2003, 2004, and 2007.
A&A

Ernst & Young charged with civil fraud for role in Lehman collapse

The New York Attorney General has filed a lawsuit against Ernst & Young, accusing the firm of helping Lehman Brothers hide its financial weakness from investors from 2001 until the investment bank collapsed in 2008.

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