New York news

Technology

Facebook founder is subject of new movie; donates $100 million to Newark schools

Mark Zuckerberg, founder and CEO of Facebook, is expected to announce today his $100 million donation to the Newark public school system, which has been described as one of the country's weakest.
Practice

In twilight of their careers, unemployed workers face tough new realities

More mature workers who have lost their jobs have a lot on their minds - how to prepare for retirement, how to pay for health care coverage, and not only how they will get that next job, but if they will ever get that next job.
Community News

New pwc brand puts emphasis on commitment to clients

PricewaterhouseCoopers LLP (PwC) - the Big Four tax, audit and advisory services firm with global headquarters in London and U.S. headquarters in New York - introduced a new visual identity during a relaunch of its Web sites.
Community News

Company announcements: Week of September 20, 2010

Following is the latest roundup of firm news for the week of September 20, 2010.
Practice

Tech, generations, and connectedness

We all are touched, most of us are trapped by the psychological effect of being accessible 24/7 and the desire to keep on top of the deluge of messages and data coming in unstoppable torrents.
Practice Management

Bold farewell underscores importance of daily employee recognition

Many of you probably kept up with the questionable, but wildly supported, actions of Steven Slater, the JetBlue flight attendant who finally had had enough of obnoxious customers and job stress.
Tax

Reality Star Teresa Guidice Caught in Financial Pickle

You don’t have to be a financial wizard to understand that you shouldn't go on lavish shopping sprees just days after you file bankruptcy papers. While that goes for everyone, it’s especially true for celebrities who are likely to be recognized.
A&A

Obama wants to expand, extend business tax credits

President Barack Obama has proposed a 100 percent bonus depreciation business tax incentive for 2011 to encourage business investment. Obama also wants Congress to make the research-and-development tax credit permanent.
A&A

Survey: Most finance executives confident in business growth

Financial executives are more optimistic today than they were this time last year. More than 80 percent of financial leaders surveyed worldwide are at least somewhat confident in their companies' growth prospects.
Tax

UPDATE: Actor, tax evader Wesley Snipes faces accusation of stalking

More than a month after Wesley Snipes lost his bid for a new tax trial, his name continues to appear in court documents and news headlines. Most recently, a New York woman has accused him of stalking her as a way to resolve his tax woes.
Education & Careers

2010 AccountingWEB accounting student scholarship winners announced

AccountingWEB is pleased to announce that three winners have been chosen as the 2010 AccountingWEB Accounting Student Scholarship winners.
Tax

IRS expected to drop UBS lawsuit

Officials with the Internal Revenue Service last week said that the agency would drop its civil lawsuit against UBS following assurances from the Swiss government that it was in the process of delivering information on thousands of American clients suspected of using UBS accounts to evade U.S. taxes.
Tax

'Tax Lady' Roni Deutch: Charlatan or political target

You’ve probably seen the hard-hitting advertisements from Roni Deutch advising taxpayers who owe federal taxes to let her help them fight the Internal Revenue Service. Now, California Attorney General Jerry Brown is fighting her.
Tax

'Who’s the IRS?' Spanish former day trader about to find out

When Marcos Esparza Bofill got a tax bill from the Internal Revenue Service for more than $172 million, he asked a friend, “Who’s the IRS?” He’d spent more than a year working as a day trader in New York. Yet, he never heard about a little ritual we call: paying income tax.
Community News

Hedge fund investors sue Ernst & Young over fraudulent auditing practices

Five investors who lost millions of dollars following the collapse of a Plano, TX-based hedge fund in 2008 filed a lawsuit against Ernst & Young LLP last week that accuses the Big Four accounting firm of fraud during its time as the fund’s auditor.
Tax

Would you like your bagel with a side of extra tax?

Until recently, residents of Albany, New York, have not had to pay tax on the purchase of their morning bagels. At least for one major bagel chain – Bruegger’s – that’s all over. Why? Because the city of Albany needs cash and they are going to get it one bagel at a time.
Tax

Supermodel Naomi Campbell making headlines again

Supermodel Naomi Campbell cannot keep her name out of the headlines – mostly for reasons that are far from enviable. The latest news is that she owes the Internal Revenue Service more than $63,000.
Education & Careers

COAP program sees continued growth as it approaches milestone

This year marked another period of increased enrollment in the Career Opportunities in the Accounting Profession program, a NYSSCPA initiative that recruits minority high school juniors from public and private schools in New York to the CPA profession.
Practice Development

Measuring the effectiveness of in-house training

Accounting firms that offer training programs in house for staff and management want to ensure that individuals meet continuing professional education requirements. At many firms, training programs encompass larger goals and are at the core of a firm’s culture.
Community News

Newly merged EisnerAmper becomes 14th largest accounting firm in nation

Eisner LLP and Amper, Politziner & Mattia, LLP have announced that they have combined their practices to form EisnerAmper LLP. The newly formed entity will be the 14th largest accounting firm in the United States.

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