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Accounting News 03/2014 (Page 2)



Five Revenue-Boosting Tips for Accountants During Tax Season
It's time for accountants to move outside of the box – or Excel in this case. There's a plethora of new cloud-based software programs that automate portions of the accounting process and enable you to offer your services anytime, anywhere. These tools ...

Accounting and Construction Hiring Rose in Feb.
Construction companies hired. So did accounting businesses ahead of income tax season. And restaurants. Even state and local governments. Despite severe winter weather, U.S. employers added 175,000 jobs in February, and the unemployment rate ...

Accounting and construction hiring rose in Feb.
Companies involved in accounting services added 15,700 jobs in February ahead of the IRS' April filing deadline. Restaurants and bars hired 21,200 wait staff, cooks, cashiers, bartenders and dishwashers. Local governments added 8,000. Education workers ...

Ascension court catches $1 million accounting error
GONZALES — An accounting error discovered last summer cost the Ascension Parish Court $1.173 million over seven years, but it's been corrected and a plan put into place for the court to recover the lost funds. The error might boil down to two ...

Kinder Morgan Accused Of Shady Expense Accounting In Suit
Kinder Morgan Accused Of Shady Expense Accounting In Suit. Share us on: Twitter Facebook LinkedIn By Jeremy Heallen 0 Comments. Law360, Houston (March 07, 2014, 8:13 PM ET) -- Kinder Morgan Inc. was hit with a suit in Texas court Thursday by a ...

Rothstein Kass and KPMG Merger Chitchat
For the last few weeks the accounting profession's rumor mill has been buzzing with stories that Rothstein Kass is about to be acquired by KPMG. Is this all just a matter of frantic speculation, or could this rumor actually have some truth to it? So ...

Schmidt Promoted to Partner at Accounting Firm
Mark is a member of the American Institute of Certified Public Accountants (AICPA), AICPA Forensic Accounting and Business Valuation Services Group, New York State Society of Certified Public Accountants, National Association of Certified Valuation ...

Accounting and taxes guide: As simple as ABC
When your accounting year ends is ultimately up to you, but since taxable income for sole traders is calculated on a 6 April to 5 April basis, it makes sense for these businesses (and partnerships) to have an accounting year that runs from 1st April to ...

Big Four Accounting Firms in China
I am about to heartily recommend a book that I have not read, nor even seen. In fact, I have no plans to buy the book or to read it. The book is The Big Four and the Development of the Accounting Profession in China (Studies in the Development of ...

Art of Accounting: Billing Methods
One time, one of my fellow partners at WithumSmith+Brown, Peter Weitsen, billed a client for a lengthy phone call and a follow-up memo, and the client complained, saying that he did not realize he would have to pay for the work he did. Peter replied ...

Prelude to a Price War – Intuit's $5/Month Cloud Accounting Campaign
On Friday Intuit raised eyebrows at the Institute of Certified Bookkeepers' Sydney conference by promoting its top-of-the-range cloud accounting program for just $5 per month. QuickBooks Plus usually costs $35 per month which already undercuts its main ...

Accounting Firm Gettry Marcus Reveals 22 Helpful Investment Financial ...
Accounting Firm Gettry Marcus Reveals 22 Helpful Investment Financial ...

North Jersey accounting firms put to test by tax season rush
... display on one page | Print | E-mail. With the April 15 income tax deadline fast approaching, North Jersey accounting firms are adapting to changes in the federal tax code while at the same time dealing with the online pressures faced by other ...

Ascension court catches $1M accounting error
(AP) - An accounting error discovered last summer cost the Ascension Parish Court $1.173 million over seven years. But it's been corrected and a plan put into place for the court to recover the lost funds. The error might boil down to two financial ...

Symantec Names Chief Accounting Officer
Security solutions provider Symantec has appointed Mark Garfield as chief accounting officer, effective March 10. He reports to Chief Financial Officer Thomas Seifert. Garfield brings extensive expertise in financial reporting, accounting and finance ...

Cost accounting on steroids for new era
With the rise of value-based payment and care models, long-term hospital viability may depend on not only getting a better handle on costs, but also being able to link them to outcomes. To achieve this, hospitals need cost accounting on steroids. In ...

A top accounting guru's compelling new measure for profitability
140310104759-profitability-620xa FORTUNE -- A big challenge for investors is piercing management's feel-good, "it's all great if you leave out the bad stuff" earnings metrics to measure a company's true profitability. Even the official GAAP accounting ...

The Challenge of Linking Dewey's Leader to Possible Accounting Shenanigans
And, as with those earlier cases, the challenge for the government will be finding enough evidence to link the law firm's head to accusations that accounting tricks were used to cover up a deteriorating financial position. The 106-count indictment ...

Revised Hedge Accounting Rules Provide Opportunities For South African ...
Revised Hedge Accounting Rules Provide Opportunities For South African ...

Kass: Questions About Tesla (TSLA) Accounting
Tesla's share price has soared 616% since March 2013. Such a meteoric rise has caused some investors consternation and encouraged a closer look at Tesla's SEC filings such as last month's 10-k. Doug Kass of RealMoneyPro.com and Seabreeze Partners ...

FASB Goes Its Own Way on Insurance Accounting
The Financial Accounting Standards Board recently decided to back away from plans to develop a converged standard on accounting for insurance contracts with the International Accounting Standards Board. The decision made sense because the U.S. ...

Grainger County audit finds mismanagement, accounting issues
Mismanagement and a series of accounting problems among various Grainger County government offices are highlighted in a state Comptroller's annual audit released Monday. Among the findings, which covers the fiscal year ending June 30, 2013, both the ...

Decosimo Accounting's Pam Mantone Earns Certification As Master Analyst in ...
Decosimo Accounting's Pam Mantone Earns Certification As Master Analyst in ...

SEC charges AgFeed audit committee chair in broader accounting fraud case
WASHINGTON, March 11 (Reuters) - U.S. securities regulators on Tuesday filed civil charges against a corporate audit committee chairman for his role in covering up what they say was a massive accounting fraud at a now-bankrupt animal feed company, in a ...

Execs with Hendersonville-based Ag Feed charged with accounting fraud
A Hendersonville-based animal feed company and its top executives have been charged with accounting fraud by the Securities and Exchange Commission. According to federal authorities, executives at AgFeed Industries Inc. reported fake revenues from ...

Accounting of parties' poll expenditure begins
Tabulation and accounting of expenditure incurred by political parties for election-related activities such as rallies, roadshows, advertisements and publicity material have commenced in all the 28 Lok Sabha constituencies in the State. According to ...

A Hendersonville-based animal feed company and its top executives have been ...
A Hendersonville-based animal feed company and its top executives have been ...

GASB Offers New Toolkit for Pension Accounting Standards
A new online pension implementation toolkit was released today by the Governmental Accounting Standards Board (GASB). The toolkit is designed to help preparers, auditors, and users of state and local government financial reports understand and apply ...

Stanley H. Stearman, accounting group executive, dies at 83
Stanley H. Stearman, who was the executive director from 1967 to 1995 of what is now the National Society of Accountants, died Feb. 27 at his home in Palm Harbor, Fla. He was 83. The cause was congestive heart failure, said his daughter, Andrea ...

MagnaChip (MX) Sees Material Weakness in Internal Accounting; Appoints New ...
MagnaChip (MX) Sees Material Weakness in Internal Accounting; Appoints New ...

UPDATE 2-SEC charges AgFeed audit committee chair in accounting fraud case
Gregory Bruch, an attorney at Bruch Hanna LLP who represents Gothner, said his client was instrumental in calling for an internal investigation as soon as the accounting irregularities came to light. In addition, the company hired outside experts to do ...

Virtu admits weakness on expense accounting
The weaknesses resulted from “a lack of reconciliations, a lack of detailed review and insufficient resources and level of technical accounting expertise within the accounting function”, according to Virtu's prospectus. The disclosure, which followed ...

SEC Says AgFeed Case Shows Focus on Accounting Fraud
Allegations of fraudulent accounting in the Chinese operations eventually hit AgFeed's share price and its ability to raise money in the U.S. In July 2013, the company filed for bankruptcy, citing debt as much as $100 million. The case is U.S ...

Accounting CEO Looks Beyond China Roadblock
The London-based accounting network seemed to have put one legal storm behind it when it agreed in October to pay $99 million to settle investor claims that it turned a blind eye when audit client Lehman Brothers Holdings Inc. misled investors before ...

Thompson plea raises questions about his old accounting firm
The accounting schemes prosecutors outlined this week suggest Mr. Thompson had help — if only because of the sheer volume of paperwork required to operate the complex operation. Referring to Mr. Thompson and unnamed individuals, prosecutors ...

Careers in Forensic Accounting It Takes a Sleuth
And Enron . The energy giant, using accounting loopholes and fraudulent financial reporting, hid billions of dollars in debt while encouraging employees and shareholders to invest their life savings in stocks as the company was about to collapse ...

Buildium Achieves North Carolina Trust Accounting Compliance
Leading property management software company Buildium LLC has been officially recognized by the North Carolina Real Estate Commission as being compliant with the Commission's strict Trust Accounting Guidelines. Share on Twitter Share on Facebook ...

Accounting firm grant to sponsor 10 fundraising professionals
MONTGOMERY — Accounting firm Vanacore, DeBenedictus, DiGovanni & Weddell has granted $2,500 to United Way of Dutchess-Orange Region that will be used to sponsor 10 memberships in the Association of Fundraising Professionals, Mid-Hudson ...

Animal Feed Company Executives Charged with Accounting Fraud
US - The US Securities and Exchange Commission today charged an animal feed company and top executives with conducting a massive accounting fraud in which they repeatedly reported fake revenues from their China operations in order to meet financial ...

Accounting Clerk
West Tree Service has an immediate opening for an Accounting Clerk. The primary purpose of this position is to ensure billing compliance and implement and maintain cost control. Duties include (but not limited to) billing review, review of purchasing ...

Accounting for a Decade of Global War
Accounting for a Decade of Global War. The United States' compliance with the International Covenant on Civil and Political Rights includes violations that must be sanctioned. Home · News · Opinion · Video · Art · Cartoons · Graphic Journalism ...

RKL advances to 72nd on Accounting Today top-firms list
RKL advances to 72nd on Accounting Today top-firms list BY STAFF TownNews.com. Reinsel Kuntz Lesher said Thursday it's been ranked 72nd in "Accounting Today" magazine's “2014 Top 100 Firms” list. The improvement of 11 positions from its rank on the ...

Avalara Partners with Leading Edge Alliance Accounting Firms
Sales tax automation provider Avalara and The Leading Edge Alliance (LEA) have formed a new strategic alliance, the companies announced on Thursday. LEA Global is an organization that includes more than 200 of the leading accounting firms from ...

Bonadio, Free Maxick climb on accounting list
Accounting Today's annual list of Top 100 Firms shows the Pittsford-based firm five places ahead of the 2013 ranking when it placed No. 55 in the nation. According to the list, the firm's 2014 revenue – which will be finalized once its fiscal year ends ...

Bankers Healthcare Group Appoints Rosa M. Pinti As Chief Accounting Officer
Bankers Healthcare Group Inc., leading providers of financial solutions to healthcare professionals, announced that Rosa M. Pinti has been named Chief Accounting Officer. "Rosa brings a wealth of knowledge to our organization," said Albert Crawford, ...

Bonadio, Freed Maxick climb on accounting list
Accounting Today's annual list of Top 100 Firms shows the Pittsford-based firm five places ahead of the 2013 ranking when it placed No. 55 in the nation. According to the list, the firm's 2014 revenue – which will be finalized once its fiscal year ends ...

Merger results in new Annapolis accounting firm
Merger results in new Annapolis accounting firm. Story · Comments. Print: Create a hardcopy of this page; Font Size: Default font size: Larger font size. Posted: Friday, March 14, 2014 8:00 am. Merger results in new Annapolis accounting firm By SHANTEÉ ...

Bookkeeping Software simplifies accounting and payroll.
UK accountancy and payroll software leader IRIS is today launching the new version of its cloud-based accounting software, KashFlow. The product is now available in three editions to meet the unique business needs of companies of different sizes ...

New York CPAs Want Clearer Accounting Rules on Foreclosed Property
The New York State Society of CPAs is asking the Financial Accounting Standards Board to expand a proposal that would standardize the treatment of foreclosed properties when they are backed by a loan from the U.S. Department of Housing and Urban ...

Accountant: Hamilton Twp. finances were off by $2.5M
Wayne Bastin, a certified public accountant hired by the township last fall to "straighten out the books" told trustees Wednesday he found more than 1,800 accounting errors in his review of the township's finances from 2010-2013. Bastin, who's billed ...