Texas news

A&A

Former Arizona congressman's accountant convicted of embezzling insurance premiums

Dwayne Lequire was found guilty by a federal jury in Tucson, Arizona, last week of eight counts of embezzling insurance premiums and one count of conspiracy.
A&A

Cooper Graci & Co. merges with Carr, Riggs & Ingram

CPA firm Cooper Graci & Co. has merged with Enterprise, AL-based accounting firm Carr, Riggs & Ingram, LLC. The merger expands CRI’s footprint into Texas for a total of seven states.
Community News

Weaver merges with Bank Advisory Resources

Weaver, a Texas-based independent certified public accounting firm, earlier this month announced expansion of existing services offered to financial institutions through a merger with Bank Advisory Resources, LLC.
Tax

Four rap stars make the IRS hit list

The list of famous, well-paid people who owe back taxes is long and getting longer. Lately, it seems the names dominating the list are those of rappers.
A&A

AICPA national MAP survey is underway

The AICPA Private Companies Practice Section, in partnership with the Texas Society of CPAs, is gathering data for its much-anticipated benchmarking survey, which enables firms to compare management policies and financial results against other firms.
Practice

Most executives remain confident about business growth

Six percent of chief financial officers said they plan to hire full-time accounting and finance employees during the third quarter of 2010, while 9 percent anticipate staff reductions. Despite those numbers, CFOs remain optimistic about the outlook for their businesses.
Tax

More whistleblowers needed, organizational transgression appears to be growing

Whistleblowers are still a major source for uncovering fraud and wrongdoing within companies, but being a whistleblower is a difficult, arduous process with an uncertain conclusion.
Tax

Many businesses expect property tax liability to remain the same or increase

More than half of property tax executives expect their companies’ property tax burden to either remain the same or increase in 2010, compared with last year.
Community News

Weaver merges with Elms Faris, enters Midland/Odessa market

Weaver, a Texas-based independent certified public accounting firm, recently has announced its merger with Elms Faris, effective June 1. The merger marks Weaver’s first expansion into the Midland/Odessa market.
Community News

Ryan becomes sponsor of North Texas Super Bowl XLV Host Committee

Ryan, a Dallas-based tax services firm, recently announced that the firm has joined an exclusive group of North Texas Super Bowl XLV Host Committee $1 million founding sponsors dedicated to making the first NFL Super Bowl in North Texas a success.
Tax

Strippers call for voluntary “pole tax” to help education

Long Island exotic dancers rallied last week in favor of a voluntary, $5 “pole tax” that would go toward education.
Tax

Taxman to seller of luxury watches: Time’s up!

Christopher Wardle sells luxury timepieces costing more than $8,000 at his Bozeman Watch Company. But as far as the Internal Revenue Service is concerned…he’s run out of time.
Workplace Fitness

Healthy workers mean happy, more productive workers

Why should employers care about the fitness of their staff? It’s simple – healthy workers mean happy workers, which means they’re more likely to stay on with the company and perform their duties better and with more enthusiasm.
Tax

E&Y and UBS settle HealthSouth lawsuits

Swiss bank UBS AG and accounting firm Ernst & Young LLP have agreed to pay $250.5 million to resolve investor lawsuits regarding an accounting fraud uncovered at HealthSouth Corp. in 2003.
A&A

Costly changes to 1099 reporting in health care law

In 2012, under a little discussed mandate of the health care reform legislation, businesses will be required to report all payments in excess of $600 for services or merchandise to the Internal Revenue Service on a Form 1099.
AccountingWEB Life

Texas Society of CPAs use social media to promote financial literacy

The Texas Society of Certified Public Accountants is using various social media outlets to spread a message of personal financial responsibility, and to promote April 30th as Financial Literacy Social Media Outreach Day.
Workplace Fitness

MACPA working to reduce stress, promote laughter, improve relationships

The Maryland Association of Certified Public Accountants has initiated a wellness program to encourage staff to be healthy and happy. It isn’t a weight-loss program or even a fitness program as much as it is a way to reduce stress, connect with others, and be healthier.
Tax

Tax preparer shut down for falsely claiming first-time homebuyer credits

A federal court has permanently barred David Santiago and his business, Santiago Investment & Consulting Inc., from preparing federal tax returns for others, the Justice Department announced.
Education & Careers

SIFE members' passion for business can be powerful force for change

Students In Free Enterprise, an international non-profit network of students, academics, and business leaders working with businesses and higher education organizations, is in the midst of its regional and national competitions.
Community News

PKF Texas promotes culture of health and wellness

At Pannell Kerr Forster of Texas, P.C., a CPA and business advisory firm, fitness isn’t just an annual fitness challenge, it’s a corporate way of life. While the firm does organize periodic fitness initiatives, it is the culture of consistently encouraging health and wellness that really sets it apart.

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