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Resnick Druckman Group expands through mergers

Tue, 09 Feb 2010 14:08:04 +0000

With the goal of expanding the accounting and consulting firm while maintaining its strong presence in New York City, The Resnick Druckman Group LLC last month announced mergers with Sigmund Balaban & Co. and Gilbert, Wolff and Co.

Sleeter Group publishes new Consultant's Reference Guide for 2010

Mon, 08 Feb 2010 19:54:36 +0000

Accountants who support QuickBooks often run into complicated and difficult issues with their clients’ QuickBooks files. For years, The Sleeter Group’s extensive QuickBooks Consultant's Reference Guide has been the industry standard for consultant-level reference material. The 2010 edition has just been released.

Tax Court allows deduction for sex-change operation

Mon, 08 Feb 2010 16:12:51 +0000

The U.S. Tax Court in Boston ruled in favor of a plaintiff who claimed approximately $5,000 in medical deductions for expenses relating to her sex-change operation. The court ruled last week that the treatment she received stemmed from a disease and was not classified as cosmetic, thereby making the medical care tax deductible, according to court documents.

Recession takes aim at Cupid this year

Fri, 05 Feb 2010 20:30:39 +0000

Apparently not even Cupid is immune to the effects of the recession. Couples will spend 5.8 percenet less on tokens of love this Valentine’s Day. They are expected to spend an average of $63.34 on their significant other, compared with $67.22 last year.

Auditing Standard No. 7: PCAOB strengthens requirements for engagement quality review

Thu, 04 Feb 2010 06:05:58 +0000

Last week, the Securities and Exchange Commission (SEC) approved a new standard proposed by the Public Company Accounting Oversight Board (PCAOB), Auditing Standard No. 7, Engagement Quality Review (AS 7). As a result, accounting firms performing audits and interim reviews of financial information for public companies should plan to commit more resources, including partner time, to engagement quality reviews for fiscal years beginning on or after December 15, 2009.