New York news

AICPA calls for permanent funding source for IASB

"We believe it is imperative the foundation find a permanent funding solution for the International Accounting Standard Board's activities," said AICPA President Barry Melancon.
Technology

Like it or not, accountants must be technology consultants

Accountants are their clients’ most trusted business advisors, and often that means that clients will turn to accountants for technology advice.
Community News

Sharp decline reported in number of New York area accounting professionals

The latest Crain’s New York business list of the Top 25 Accounting firms in the New York area shows a significant decline in the number of accounting professionals working at these firms
Tax

A "true gentleman," a generous donor, and a possible tax evader

He was well known as a philanthropist, blessing numerous charities with tens of millions of dollars. What he had not done, however, was pay his federal taxes.
Technology

The latest travel gadgets make life easier for the road warrior

Business travelers are always looking to avoid the many hassles they inevitably face in a day in the skies or on the road. Consider these tips from world-weary travelers,
Tax

Three years of skipping taxes sends former Mets pitcher Koosman to jail

"A serious blemish on an otherwise outstanding life.” That’s what the judge said recently when she sentenced Mets pitcher Jerry Koosman to prison for tax evasion.
Community News

Brooklyn resident sentenced to prison for conspiracy to file false claims for tax refunds

Odell Folks, of Brooklyn, NY, has been sentenced to prison for his participation in a false tax return scheme. Folks was sentenced to 77 months in prison and ordered to pay restitution of $489,292.

U.S. communities take local economy into their own hands

Unwilling to hand over hard-earned paychecks to faceless corporations for goods and services, a handful of communities have created their own commerce.
Education & Careers

Accounting and finance students help not-for-profits in Project Run With It

For the second year in a row, Moss Adams sponsored Project Run With It (PRWI) in force at the 2009 Beta Alpha Psi Annual meeting in Brooklyn, New York.
Education & Careers

E&Y announces academic awards

As part of Ernst & Young LLP's commitment to helping universities prepare their students for a global and inclusive workforce, the firm has announced the winners of the first annual Ernst & Young Inclusive Excellence Awards for Accounting and Business School Faculty.

Chief U.S. tax writer, Charles Rangel, hit with another round of trouble

With Charles Rangel still reeling from the financial misconduct charges leveled at him last year -- for tax years 2004, 2005, and 2006 -- round two is now hitting him hard and fast.

Mac users give Snow Leopard upgrade mixed reviews

Upgrading operating systems can be a frustrating experience. When a new version comes out, which is every year it seems, users feel obligated to upgrade.
Community News

Accountants and students participate in park clean-up

Nearly 900 college student & faculty volunteers from Beta Alpha Psi participated in cleaning up Brooklyn’s Red Hook Park on Thursday, August 6, 2009 to provide 3,500 hours of community service.

New Web site provides insights into financial planning for retirement decisions

The American University has launched a new Web site designed to help financial service professionals better understand the complex retirement decisions facing consumers.
Tax

Even the mega-talented among us have to pay their bills

It’s not just the average man or woman who is facing financial problems, and it’s not always related to the economic turndown.  The name Annie Leibovitz is well known in and out of photography circles as an enormous, undisputed talent.  Some of her most famous works include the picture of nude, very pregnant Demi Moore, as well as photographs of Jack Nicholson and Mikhail Baryshnikov.
Tax

The 'Big 8' Generally Unacceptable Accounting Principles (GUAP) and the introduction of Socially Responsible Accounting (SRA)

The application of accounting principles is not based on fact, case law, statutes, regulations, code, truths, or empirical scientific evidence.
A&A

Parente Randolph and Beard Miller Company announce intent to merge

Two of the top 40 accounting and consulting firms in the United States – Parente Randolph LLC and Beard Miller Company LLP – announce their intent to merge.
Tax

Swiss Bank UBS agrees to reveal U.S. secret accountholders

UBS agreed on Wednesday to turn over identifying information on 4,450 accounts which the IRS believes hold undeclared assets belonging to Americans.
Tax

Tax preparer performance standards to be discussed at public forum

Public forum will address review of paid preparers and produce recommendations to boost taxpayer compliance.
Tax

IRS agent fired for sending e-mail message about Barack Obama

Cruz Salas, an IRS agent who worked at the IRS office in Manhattan, has been accused of engaging in political activities at her office, a violation of the Hatch Act.

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