Texas news

Tax

Crime Watch: December 12, 2012

A New Jersey CPA was sentenced to fifty-four months in prison for a $500 billion fraud scheme. In addition to his prison term, he was sentenced to three years of supervised release and ordered to pay $43,582,699 in forfeiture.
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Tax

Crime Watch: December 7, 2012

Today's tax crime cases include that of a Florida man, who filed four tax returns requesting over $1.5 million in federal refunds, and is now facing a possible twenty-three-year prison sentence.
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Tax

MLB Free Agents Scramble to Minimize Tax Hit

With the election behind us and a strong probability of more tax hikes ahead, Major League Baseball free agents have rushed to the negotiating table in the hope of pulling as much of their future income as possible into 2012.
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Education & Careers

SYNERGY Conference Previews Technology, Business Models

A future with dramatically less paper, more collaboration, and ubiquitous mobile connectivity was the key vision outlined by Jon Baron during his opening keynote at the 2012 SYNERGY Users' Conference.
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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.
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A&A

PCAOB October Public Meeting Agenda

The PCAOB has announced the panelists and schedule of appearances for its October 18 public meeting in Houston. Topics include ways to enhance auditor independence, objectivity, professional skepticism, and firm rotation.
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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.
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Education & Careers

Olympians, Deloitte Carry Torch of Leadership

Several Olympians and Paralympians are still carrying the spirit of leadership and inspiration to college campuses across the country this fall, thanks to the "It's Your Race, Take the Lead!" road show sponsored by Deloitte and the USOC.
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Tax

Tax Preparer Arraigned on 25-Count Indictment

A Texas tax preparer has been arraigned for preparing and presenting false federal income tax returns on twenty-five separate occasions between 2008 and 2011.
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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.
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Watchdog

CFO Accused of Murder-for-Hire on His Employer's Dime

Wealthy Texas CFO Frank Howard is accused of embezzling millions from his employer. This comes on the heels of his arrest in late August for allegedly hiring a teenage hit man to kill his wife.
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Tax

Justice Dept Seeks to Shut Down Tax Preparers

Two tax return preparers are being sued by the Department of Justice for filing false deductions and credits, including federal fuel tax credits and education tax credits, on customers' federal tax returns.
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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.
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Practice

Merger of Romans Group and MFR

MFR`s executive team announced the merger of the Romans Group with MFR and the formation of MFR Healthcare Solutions, Inc., which was effective August 1, 2012.
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Education & Careers

Beta Alpha Psi's Outstanding Faculty Advisor Awards

The Outstanding Faculty Advisor Award, sponsored by McGladrey LLP, was presented to five faculty advisors at the Beta Alpha Psi Annual Meeting in Baltimore, Maryland, on August 3, 2012.
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Tax

Tax Preparer Goes to Jail for Close to Five Years

Texas tax return preparer, Eddye Lovely, was sentenced to fifty-seven months in federal prison for aiding and assisting in the preparation of false tax returns.
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Tax

Amazon Collecting Sales Taxes in Texas

Amazon.com began collecting taxes on its online sales in Texas on July 1, prompting an "it's about time" reaction from state retailers who believe the online giant has enjoyed an unfair advantage for too long.
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Community News

Fred Timmons Elected Chair of TSCPA

The Texas Society of Certified Public Accountants (TSCPA) has announced that Fred Timmons, CPA, was elected the new TSCPA Chairman for the 2012 to 2013 year.
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Community News

Weaver Merges with Delong Consulting Services

Weaver announced the merger with Delong Consulting Services, L.C. effective June 1, 2012. The merger enhances Weaver's expertise in the financial services industry, particularly in the banking sector.
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Community News

J.H. Cohn LLP and Reznick Group, P.C. Announce Plans to Merge

J.H. Cohn LLP and Reznick Group, P.C., announced on May 22 their plans to combine. The merger means they will become the eleventh largest firm in the country, with more than 2,000 employees, twenty-five offices, and combined revenues of more than $450 million.
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Pages

Voice of the Editor

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Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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