New York news

Tax

Deer hunters and the IRS: Tax-break would help both needy and hunters

U.S. Senator Charles Schumer (D-NY) is proposing a tax break for deer hunters who donate venison to food pantries, and the idea is gathering support.
Community News

Baker Tilly Virchow Krause merges with Beers + Cutler

Baker Tilly Virchow Krause of Chicago has merged with Beers + Cutler of Vienna, VA, in a move that adds 260 employees to Baker Tilly.
Community News

Two South Florida firms merge; Friedman expands NJ base

Two South Florida firms have become one, and New York City-based Friedman LLP and Bagell, Josephs, Levine and Co. LLC of Marlton, NJ, will join forces.

Did AIG pay its debt, or just disguise it?

How do you make $25 billion in debt to the American people disappear overnight? Ask the American International Group, better known as AIG.
Community News

Marks Paneth & Shron advises businesses on best practices for 2010

Signs suggest the economy may have hit rock-bottom, but smart businesses and individuals will go into 2010 with their guard up and their belts tightened.
Community News

Anchin launches MWBE recognition award

Anchin, Block, & Anchin LLP and New York Construction Magazine, in cooperation with the New York Building Congress, will honor minority and women-owned business enterprises on April 21, 2010.

Beware Black Friday: Retailer tricks to avoid

Before you get too excited about Black Friday sales – in store or online -- read the fine print. Retailers use terms like "doorbuster deals," but often the fine print deflates the bargain.

Holiday tipping in a lean year. Who? How much? And… do you have to?

Leaner budget this year? This is the time of year when you normally tip certain people in your life that you might not tip the rest of the year. But do you know what is customary?
Tax

Madoff’s Florida luxuries bring in $2 million for his victims

Items once owned by infamous Ponzi schemer Bernard Madoff are being auctioned off to provide some restitution to victims.
Education & Careers

Need more CPE hours? Consider transient training

If you're feeling the grind of accumulating 40 hours of CPE by the end of the year, it's not too late to incorporate learning with some fun in the sun by 12/31.
Tax

The taxman comes rapping for rappers Method Man, Nas, and DMX

Clifford Smith, better known as the rapper Method Man or simply Meth, is battling the New York State Department of Taxation over back taxes of $52,503.

Sports celebrities and their tax troubles

The more money people make, in many cases, the more trouble they seem to have turning over what is owed to Uncle Sam.
A&A

U.S. companies experiencing new litigation wave, anticipate more to come

Companies are seeing a litigation wave that corporate counsel expect to swell in the coming year, according to respondents of the 2009 Fulbright & Jaworski L.L.P. Litigation Trends Survey.

Robert Denham, William Ezzell receive AICPA awards

Robert E. Denham is the recipient of the AICPA 2009 Medal of Honor. William F. Ezzell is the 2009 recipient of the Institute's Gold Medal Award for Distinguished Service.
Tax

Cash for Refrigerators program might not be ready by Christmas

The federal government is hoping to roll out a Cash for Clunkers program, this time designed to boost the appliance manufacturing industry.
Tax

New York CPA gets 33 months for stealing refunds

A Chappaqua-N.Y. based CPA has been sentenced to 33 months in prison for pocketing more than $320,000 of his clients' tax refunds over 11 years, according to the U.S. Attorney's Office in the Southern District of New York.Randal Kase, 56, stole at least 60 refunds between 1998 and 2009 by having the refund checks mailed to himself and then forging his clients' signatures. He stated, falsely, that his clients had signed the refund checks over to him.
A&A

New hiring credit: Probable law or packed with pitfalls?

Next up on the Obama administration’s agenda could be an incentive to hire, with the goal of jobs creation.
Tax

Scammers calling themselves Coopers & Lybrand try to sell worthless investments

The value of a reputation associated with a name was made evident recently when individuals claiming to be from an organization called Coopers & Lybrand tried to sell shares in worthless companies to investors.
Tax

AICPA experts find exceptional opportunities for estate plans in 2009

Accountants need to reach out to their clients as soon as possible to alert them to the opportunities presented by the highest exemption in estate tax history.
Tax

New per diem rates released for travel expense reimbursements

The IRS has updated the rules for determining the amount of an employee's ordinary and necessary business expenses for lodging, meals, and incidental expenses while traveling away from home.

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