Philadelphia-based ParenteBeard LLC, the largest CPA firm headquartered in Pennsylvania, and McCrory & McDowell, LLC, one of the largest Pittsburgh-based accounting and consulting firms, have announced they will combine practices effective June 1, 2011.
Gene Barinholtz, formerly part of Schaumburg, IL-based Barinholtz & Horwitz, has merged his team and their practice with the certified public accounting firm of Kutchins, Robbins & Diamond, Ltd. (KRD), also of Schaumburg. The merger will create one of the top 35 CPA firms in the Chicago area.
Big Four firm KPMG has announced the closing of an agreement to acquire the business of advisory firm EquaTerra. According to a company announcement, the acquisition is consistent with the KPMG network’s growth strategy, focusing on organic and inorganic opportunities in select high-demand market sectors.
Public Accounting Report, CCH's independent newsletter of the accounting profession, has published results of its annual survey of accounting professors. UT-Austin swept the college rankings, while PwC took first place in the firm rankings.
Connecticut-based BlumShapiro has announced its merger with the Rockland, MA-based accounting, tax and business consulting firm Needel, Welch & Stone, P.C. (NWS). The merger became official as of January 1, 2011.
The Internal Revenue Service has announced that taxpayers affected by three recently reinstated deductions need to wait until mid- to late February to file their individual tax returns, as well as those taxpayers who itemize deductions on Form 1040 Schedule A.
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.
Richard T. (Rick) Baumeister, Jr., CPA, managing partner at Sanford, Baumeister & Frazier, PLLC, has announced that the Fort Worth, TX-based accounting firm will be merging Hugly PC, a North Dallas-based accounting firm, into SB&F.
Eisner LLP and Amper, Politziner & Mattia, LLP have announced that they have combined their practices to form EisnerAmper LLP. The newly formed entity will be the 14th largest accounting firm in the United States.