North Carolina news

Community News

Cold CPAs, Warm Hearts – North Carolina Firm Takes Polar Plunge for Special Olympics

Most CPAs simply grab an extra cup of coffee to steel themselves for another grueling day during tax season. But this February, associates from Davenport, Marvin, Joyce & Co., LLP tried a much more "stimulating" approach to jump-start their day.
Tax

Strip Club Tips Rain Tax Deductions for Rapper

Canadian Rapper Drake may have found an interesting loophole he believes will allow him a hefty deduction for tips at a strip club. That includes $50,000 in what he called "making it rain" money he spent at a club in North Carolina.
Tax

Crime Watch: March 11, 2013

On March 8, the IRS announced that its Office of Professional Responsibility obtained the disbarment of enrolled agent Lorna M. Walker for stealing a client's tax payments and for preparing tax returns with false deductions for multiple clients.
Tax

Is This the Year for Tax Reform?

Is 2013 shaping up to the year of tax reform? "There are more proposals this year than we have seen in the last five years, and an unprecedented number of major state tax reform proposals," said Harley Duncan, a managing director at KPMG.
Tax

Crime Watch: February 12, 2013

Hedge fund manager and CPA administrator Jonathan Davey was convicted by a jury in Charlotte, North Carolina, on February 8 for a $40 million Ponzi scheme. Ten other defendants were also convicted in the case.
Education & Careers

Scholars Receive American Accounting Association Award

This January, the American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA) announced the recipients of the American Accounting Association's (AAA) Greatest Potential Impact on Management Accounting Practice Award for 2012.
Tax

Crime Watch: January 16, 2013

Masood Chotani, a CPA and tax return preparer, was indicted by a federal grand jury on charges of engaging in a scheme to file false tax returns with the IRS using the names and Social Security numbers of deceased individuals.
Education & Careers

AICPA Names Winners of 2012 Student Competition

Four accounting students from the University of Texas at Dallas joined forces to craft an innovative proposal on tax reform that earned them first place in the 2012 AICPA Accounting Competition.
Education & Careers

Minority Accounting Students Awarded Scholarships

Ronald Dukes is one of just eighty-four accounting students from across the United States who have been awarded the 2012-2013 AICPA Scholarship for Minority Accounting Students by the AICPA Foundation.
Education & Careers

Intuit Indexes Show Small Business Growth Slowing

Results of the monthly Intuit Small Business Revenue and Employment indexes are in. They show revenue in August declined for the sixth consecutive month, and employment continued to grow slowly in September.
Education & Careers

Five Receive CalCPA Women to Watch Awards

The CalCPA honored five CPAs with its Women to Watch Awards for 2012 during ceremonies at the "Women's Leadership Forum" at the Ritz-Carlton September 27. The awards recognize service and contributions to the CPA profession.
Community News

CPAs Foster Selfless Service

CPA societies in Illinois, Virginia, Indiana, and, for the first time, North Carolina, provided the impetus for firms and individuals nationwide to take part in this year's annual CPA Day of Service.
Tax

Former Pilot Will Spend Ten Years in Prison

A former US Airways pilot, Charles A. Davis, was sentenced to 120 months in prison for committing tax fraud. He was also ordered to serve twelve months of supervised release after his prison term and pay the IRS $538,569.
Community News

CPA Societies Sponsor Selfless Service

The CPA Day of Service is a day when thousands of accountants from CPA societies across the country will put down their tablets and pick up everything from paintbrushes to rakes to spatulas and volunteer in their communities.
Practice

North Carolina CPAs Prepare for CPA Day of Service

Excitement is growing among North Carolina CPAs as they prepare to participate for the first time in the CPA Day of Service on September 21, 2012.
Practice

EEOC State Data Shows Trends, Areas to Watch

In 2011, the EEOC received a record-setting number of charges from those claiming employment discrimination: 99,947 in fiscal year 2011, compared to 99,922 in 2010, and an increase from 82,792 in 2008.
Education & Careers

Beta Alpha Psi's Three 2012 Award Winners

Beta Alpha Psi awarded three professionals the Business Information Professional of the Year award, sponsored by the Institute of Management Accountants (IMA®), at the Beta Alpha Psi Annual Meeting.
Education & Careers

AICPA: 2011 Elijah Watt Sells Award Winners Announced

The American Institute of Certified Public Accountants has announced the winners of the 2011 Elijah Watt Sells Award. Thirty-seven students received this honor.
Practice

Carmichael Named AICPA Senior VP for Strategy, People, and Innovation

The AICPA has named Lawson Carmichael as senior vice president for strategy, people, and innovation. In this role, Carmichael will lead the AICPA's strategic planning activities and oversee the Human Resources and Office of Strategy Management team.
Community News

Company Announcements: Week of April 9, 2012

Following is the latest roundup of accounting community news for the week of April 9, 2012.

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