New York news

Tax

Three famous tax cheaters take issue with the authorities

AccountingWEB appears to be developing a rogues gallery of taxation ne'er-do-wells as the same celebrities continue to make headlines. Wesley Snipes, Conrad Black, Lil Wayne, and Suge Knight are, once again, in the news.
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Practice Management

Generational appeal of the best places to work

Many of us have an intuitive sense about what makes a "best place to work." Various surveys track what employees are looking for to join and stay, and those items shift in rank from generation to generation depending on existing social, political and economic circumstances.
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A&A

Dell shareholders to consider SEC settlement

Dell Inc. appears to be closer to an agreement with the U.S. Securities and Exchange Commission, which has been investigating the computer maker and its founder over questionable arrangements with Intel.
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Tax

Death of New York Yankees owner sends lawmakers scrambling

Members of Congress had years to close the loophole that would eliminate the estate tax completely in 2010. But they didn’t. Now that high-profile billionaire George Steinbrenner has died, some of them are scrambling to find a way to tax his wealth.
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A&A

SEC nails Goldman Sachs for subprime mortgage settlement

The SEC announced on Thursday that Goldman, Sachs & Co. will pay $550 million and reform its business practices to settle SEC charges that Goldman misled investors in a subprime mortgage product just as the U.S. housing market was starting to collapse.
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Tax

AICPA's tax accountants get immersed in tips, new law, and sunshine

Tax practitioners are meeting this week in the heat of southern Florida to learn about the latest tax tips and tools that they can use to improve their practices, as well as getting an update on what is going on in Washington.
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Tax

After the convictions: Wesley Snipes, Richard Hatch, Method Man

In 2009, rapper Method Man, whose real name is Clifford Smith, was arrested on felony tax evasion charges, accused of not filing tax returns for 2004 through 2007. His defense was pretty self-incriminating.
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A&A

Sam’s Club testing loan program for small-business members

Loans of up to $25,000 will be available to small-business members of Wal-Mart’s Sam’s Club warehouse stores under a partnership with the lender Superior Financial Group.
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A&A

CPE mid-year 2010 update: Rules, regulations, trends

Mid-year 2010 has arrived and accountants in approximately half the jurisdictions in the United States are facing compliance deadlines. Tax time is well behind us and crunch time for compliance is here.
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A&A

Exclusive interview: Joanne Barry, executive director of NYSSCPA

The voice of CPAs in New York has just become stronger because of the broadened scope of practice established by the Accountancy Reform Act of 2009, according to Joanne Barry, the newly appointed executive director of the New York State Society of CPAs.
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A&A

Bloomberg poll: Investing in the United States is a good idea

In the world of investments, BRICs are the large emerging markets made up of Brazil, Russia, India, and China. Just months ago a poll of global investors rated the United States well below China and Brazil as an attractive market to buy into.
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A&A

RAN ONE Americas seminar offers economic updates, advice

The recession is probably over and national and local economies are showing signs of recovery, Dr. Pearl Kamer, chief economist for the Long Island Association, Long Island, New York’s largest business organization, recently told an audience of CPAs and business advisors.
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A&A

Accountant, first female vendor at Shea Stadium feted by Mets

Susan Rich, the first woman vendor at Shea Stadium in the 1970s, recently was saluted by the New York Mets.
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Tax

Starr quality: Not what you want in a financial advisor

Being rich and famous does not necessarily make you smart. That could be why so many wealthy people trust the untrustworthy.
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Tax

Disney employee finds out the hard way: Insider trading doesn’t pay

Disneyland may be the happiest place in the world, but one Disney employee and her boyfriend are not smiling.
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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.
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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.
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A&A

NASBA Chief David Costello moving on to an even brighter future

David Costello is ready for new horizons. In April, he announced that he will step down from the top spot at the National Association of State Boards of Accountancy. When he goes, he’ll leave the organization much better than he found it.
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Tax

Nicolas Cage: Poster boy for delinquent taxes

Just when you thought he’d learned his lesson, Nicolas Cage is wrestling with more tax issues. Since late last year he had become the poster boy for celebrities who don’t pay their fair share, making headlines time after time.
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Tax

Three artists sing the tax-trouble blues

The Queen of Soul and the taxman are doing battle again – and Judy Collins and Toni Braxton are singing a similar tune.
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Pages

Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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