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Community News

Accounting competition raises awareness with Long Island students

Margolin, Winer & Evens LLP of Garden City, New York, created the Long Island College Accounting Challenge as a way to encourage Long Island accounting students to become more aware of the professional opportunities available.
Tax

NBA's Lamar Odom cries foul, challenges IRS

Los Angeles Lakers forward Lamar Odom is accustomed to facing formidable opponents on the basketball court. But these days, he’s taking on the Internal Revenue Service in a different court setting over what he sees as a personal foul.
Tax

Four celebrities face battles with the IRS

Even the thin, beautiful, and talented have to pay their fair share of taxes. Beverly Johnson, Janice Dickinson, Jaime Pressly, and Toni Braxton have run-ins with the IRS.
Practice Development

Making business personal builds trust

One of the most common mistakes people make when building relationships for career success and revenue growth is treating business contacts differently than personal friends.
Practice

Economic confidence rises in Q3; CFOs plan to hire

Chief financial officers are slowly but surely easing from the recession, and are finding new opportunities to hire, despite unemployment levels remaining historically high.
Practice Development

How to strengthen the CPA/attorney relationship

There’s nothing better than a warm referral – and most CPAs are always on the hunt for new sources. One great potential lead source that is often overlooked is the attorney who practices in areas that are complementary to your expertise.
Community News

Former KPMG Chairman Hanson dies at 84

Walter E. Hanson, former chairman of KPMG, died last month after a long illness at his home in Newport Beach, California. He was 84.
Practice Management

Do Millennials lack empathy?

Recently I was asked by a reporter to comment on some research studies concluding that Gen Y/Millennials (people approximately 31 and younger now) are much less empathetic to others than the generations coming before them.
Education & Careers

How to earn those last-minute CPE credits

Professionals nearing the end of their reporting period, who still need to accumulate a few CPE credits or fulfill their state’s requirements, should check their state society Web sites for course listings and discounts.
Community News

Company announcements: Week of October 18

Following is the latest roundup of firm news for the week of October 18, 2010.
Tax

Thomson Reuters customers gather for back-to-back tax and accounting conferences

The Tax & Accounting business of Thomson Reuters will host more than 2,000 customers at two user conferences this fall – one for its professional tax and accounting firm customers on October 27 and another for corporate tax department and trust tax customers on November 1.
Practice

Slightly higher salaries projected as key roles prove challenging to fill

With some signs pointing to a slight uptick in financial hiring, compensation for accounting and finance professionals should see commensurate gains. Starting salaries in these fields are expected to rise an average of 3.1 percent in the coming year.
Tax

Sharpton, his civil rights organization facing tax issues

Troubles continue to mount for the Reverend Al Sharpton, both personally and for his civil rights organization. The Internal Revenue Service has filed a tax lien against Sharpton in the amount of $538, 652.
Community News

Stonefield Josephson merges with Marcum

The East Coast and the West Coast got a little closer in the accounting world with the merger of New York City-based Marcum LLP and Stonefield Josephson, Inc., of Los Angeles.
Community News

Company announcements: Week of September 27, 2010

Following is the latest roundup of firm news for the week of September 27, 2010.
A&A

NYSSCPA's Barry appointed to AICPA Board of Trustees

Joanne S. Barry, CAE, executive director of the New York State Society of Certified Public Accountants, has been appointed as a member to the American Institute of Certified Public Accountants Foundation Board of Trustees.
A&A

Greed is good: Wall Street sequel opens 23 years after original

More than two decades have zoomed by since Oliver Stone's blockbuster film Wall Street appeared on theatre screens across America, capturing the go-go 80s and the era's money-must-be-made vibe.
Community News

Big Four firms support participation in science, technology, engineering, math

PricewaterhouseCoopers, Ernst & Young, and Deloitte have joined 100 corporations and foundations as participants in Change the Equation, a new CEO-led effort to cultivate widespread literacy in science, technology, engineering, and math.
Tax

Bush tax cut dithering might lead to shrinking paychecks

The clock is ticking on the Bush tax cuts, and the likelihood that a vote to extend them will happen before November is not looking good. Why the urgency? Because the Internal Revenue Service needs lead time to create, publish, and distribute tax tables for the first payroll of 2011.
AccountingWEB Life

Converting to a Roth IRA easier in 2010

A provision within the Small Business Jobs and Credit Act of 2010 passed by the House Thursday will allow participants in 401(k), 403(b), and 457 tax deferred plans to convert those savings into a Roth IRA account if employers sponsor a Roth IRA in their plan.

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