New York news

Community News

Company announcements: Week of February 7

Following is the latest roundup of accounting community news for the week of February 7, 2011.
2262
Tax

Obama plan would ease state debts through payroll taxes

An Obama administration proposal would ease the debts of states struggling to pay unemployment benefits by increasing the amount of payroll taxes collected from businesses.
5505
Tax

NBC accountant's attorney calls embezzlement accusation 'cuckoo'

A lot of young people would have loved Matthew Rudolph’s job as an accountant for NBC’s show 30 Rock. As it turns out, there might be a vacancy. After being accused of padding his corporate expense account to the tune of about $13,600, Rudolph is now awaiting arraignment.
3279
Practice

Small business employment index indicates job growth in January

Small business employment continued to show encouraging growth in January, with hours worked showing a strong increase as wages grew slightly, according to a recent survey.
3091
Education & Careers

University of Texas at Dallas team takes top honors in AICPA competition

Can a hotel become more sustainable and reduce its carbon footprint by using LED lighting and installing a rooftop garden? A team of four accounting students from the University of Texas at Dallas thinks so. The American Institute of Certified Public Accountants and a popular luxury hotel think so, too. Jason Bramwell reports.
4053
Education & Careers

College students compete in PwC xTREME Games

Business students from the University of Illinois last week won the national round of the PwC xACT division for the third consecutive year. The xACT and the xTAX divisions are part of PwC US's xTREME Games, now in its ninth year.
3974
Tax

WikiLeaks may reveal names of tax evaders

Although WikiLeaks is reportedly reviewing secret information on approximately 2,000 offshore banking clients, it’s unlikely the material will be made public soon, according to reports.
3006
A&A

PCAOB to conduct audits of U.S. accounting firms operating in the UK

The Public Company Accounting Oversight Board and the Professional Oversight Board in the UK have signed an agreement that will allow the PCAOB, working in cooperation with the POB, to resume audits of accounting firms registered in the UK.
4856
Community News

Company announcements: Week of January 10

Following is the latest roundup of accounting community news for the week of January 10, 2011.
2545
Community News

Morrison, Brown, Argiz & Farra joins forces with ERE

Miami-based Morrison, Brown, Argiz & Farra, LLC, and New York-based ERE, LLP, this week announced that they have joined forces. As a result, ERE will become MBAF-ERE CPAs, LLC, a division of MBAF.
2576
Community News

Rosen Seymour Shapss Martin & Co. expands operations through merger

Rosen Seymour Shapss Martin & Company LLP recently announced that Kahn, Hoffman & Hochman, LLP has merged its practice into RSSM effective January 1, 2011. The firm will operate under the name Kahn Hoffman & Hochman LLC, a Division of RSSM LLP.
3577
Practice

Small business employment index indicates 57,000 jobs created in December

Small business employment continued to show growth in December with an increase in hours worked and wages flat, according to the most recent Small Business Employment Index by Intuit Inc.
4033
Community News

Gilman Ciocia acquires Hoffman, Levy, Bengio

Gilman Ciocia announced this week that it has acquired Hoffman, Levy, Bengio & Co., PL., formerly located in Hollywood, Florida. As part of the transaction, the firm has relocated its operations into Gilman Ciocia's office in Aventura, Florida.
2837
Community News

Company announcements: Week of January 3

Following is the latest roundup of community news for the week of January 3, 2011.
2253
Tax

Celebrity stew: Stars up to their necks in IRS trouble

Rounding out 2010's cavalcade of celebrities mired in tax issues are actor Val Kilmer, songwriter Lamont Dozier, rapper Trick Daddy, and all-around weirdo Grace Jones.
4267
Tax

Nicolas Cage: A tale of multiple foreclosures

Think you have issues with the IRS? Consider Nicolas Cage. By the latest count, he owes Uncle Sam approximately $14 million in back taxes relating to income from 2002, 2003, 2004, and 2007.
5840
A&A

Ernst & Young charged with civil fraud for role in Lehman collapse

The New York Attorney General has filed a lawsuit against Ernst & Young, accusing the firm of helping Lehman Brothers hide its financial weakness from investors from 2001 until the investment bank collapsed in 2008.
7604
Tax

Here a loophole, there a loophole

Most of the richest Americans that populate the annual Forbes 400 list gained their wealth by owning founders' stock. Allowing favorable tax treatment on this stock might be costing taxpayers by $100 billion a year, or $1 trillion over ten years.
5184
Tax

Thomson Reuters offers analysis of Tax Relief Act on Checkpoint

The Tax & Accounting business of Thomson Reuters has issued an analysis of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.
2884
A&A

AICPA recommends changes to SEC proposed ruling for family offices

A proposed ruling from the U.S. Securities and Exchange Commission exempts family offices from any requirement to register with the SEC under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
2791

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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