`Invisible Power' of London Money Exposed as Lord Mayor Fights Politicians Mar 14, 2010
5 percent of corporate taxes in 2007, according to the government and accounting firm PricewaterhouseCoopers LLP.. Its counter-productive to compete with each other to think of ways to punish the City, Anstee told Business Secretary and 350 guests in Mansion Houses Great Egyptian Hall. (Bloomberg)
Lehman Bankruptcy Report Points Way to Plaintiffs, Not Prison, Lawyers Say Mar 13, 2010
The accounting firm never raised any concerns about the transactions with Fuld, Hynes said, who throughout his career faithfully and diligently worked in the interests of Lehman. . (Bloomberg -- US)
Patina Solutions opens Boston office Mar 13, 2010
Harris has a record of leading start-ups, the largest of which was Jefferson Wells, an audit and accounting firm that Milwaukee-based bought in 2001 for $174 million. Most Read Stories. (Milwaukee Business Journal, WI)
Keep up with new tax rules Mar 13, 2010
Some 60 percent of accounting firms don't require payment until they have completed returns and clients are satisfied, according to a survey by the National Society of Accountants. Only 10 percent require a percentage of the payment up front, and 23 percent demand payment while returns are being processed. (AZCentral -- Business)
In the mood for mergers Mar 12, 2010
Local law and accounting firms have been joining forces and expanding their reach ... The current economic environment might not seem like the best environment to be in expansion mode, but that hasn t stopped many local law and accounting firms from broadening their reach. (Birmingham Business Journal, AL)
Real estate suitors court Pricewaterhouse Mar 12, 2010
The owners of at least three of the city s well-known office towers are courting Atlanta s second-largest accounting firm. Their prize: A 150,000-square-foot lease with one of the Big Four accounting firms that could bring millions of dollars in rent for years to come. (Atlanta Business Chronicle, GA)
Computer virus bugs area businesses Mar 12, 2010
Her duties with the accounting firm include writing a blog and monitoring multiple sites including Facebook, Twitter and LinkedIn. Two weeks ago while online at work, a pop-up window appeared on her screen and immediately began scanning for viruses. (Buffalo Business First, NY)
Trustees of SMSFs are finding that information about what other funds are doing, and what they are paying for advice, is empowering. Mar 12, 2010
Q Is it a conflict of interest when an accounting firm audits an SMSF where a principal of the firm gives investment advice to the SMSF. A There would be a conflict if the principal giving investment advice also did the audit. (Sydney Morning Herald -- Business)
Meet the 2010 partners Mar 12, 2010
Business First would not be able to produce Partners in Health Care without the financial assistance of our sponsors: BKD LLP accounting firm, McKendree University, Middleton Reutlinger law firm, Norton Healthcare Inc., Quest Diagnostics and Stengel Hill Architecture. Several Business First staff members also play key roles in producing this publication. (Louisville Business First, KY)
King & Spalding Gets Another Partner From Orrick Mar 10, 2010
Turnbull, who had worked at Orrick's Washington office for the past eight years, represents Big Four accounting firms in Securities and Exchange Commission enforcement proceedings and federal investigations. "King & Spalding has an excellent reputation for its liabilities practice. I'm enthusiastic to join," said Turnbull, who earned his J.D. from the University of Maryland School of Law. (Law.com)
Charities Sue Over $400 Million Fortune Mar 10, 2010
Whyte was a former staffer at a Big Eight accounting firm who helped Anna Bronner set up the Walanpatrias Foundation in Liechtenstein to benefit a number of organizations in Monaco and Israel after her husband, Walter, died in 1996, Kline said. Anna died in 1999. (Law.com)
N.Y. Appellate Panel Affirms Suit Over Alleged Promise to Pay Client's Fee Mar 10, 2010
As a private practitioner, he successfully defended several KPMG employees who won dismissal of tax shelter fraud charges in the Southern District because federal prosecutors pressured the accounting firm to stop paying their legal fees. According to the appellate brief filed by the DePetris firm, Srour, a financial advisor with Merrill Lynch, had "critical information" about the Nasser family's account that she had handled while at Merrill. (Law.com)
Thermadyne Holdings Corporation Announces 2009 Fourth-Quarter Results Mar 10, 2010
The financial statement information presented in accordance with generally-accepted accounting principles (GAAP) and the non-GAAP measure have not been reviewed by an independent, registered public accounting firm. Conference Call. (Primezone Releases)
McMasters named to national review panel Mar 9, 2010
Krista McMasters, the chief executive officer of Wauwatosa certified public accounting firm LLP, has been named to a national "blue-ribbon" panel established to address how U.S. accounting standards can best meet the needs of users of private company financial statements. The panel was put together by the , the , and the. (Milwaukee Business Journal, WI)
Fiscal deficits: Sharing the pain Mar 9, 2010
Calculations by PricewaterhouseCoopers, an accounting firm, show that British authorities will take a bigger tax bite out of the pay packet of a married executive earning 250,000 ($373,000) than any other G20 nation except Italy. The need for countries to maximise their take from their citizens has caused a renewed interest in preventing tax evasion. (The Economist)
Those who bought a new car last year can hit the breaks Mar 9, 2010
Most tax preparation software and any tax adviser should be able to help you make the decision, said David Sands, tax partner at the New York accounting firm Buchbinder Tunick pan class='aa. I recommend that people really work it both ways and see what works better for them, he said. (Courier-Journal -- Business)
UC Chamber names volunteers-of-the-year Mar 9, 2010
This year's Hub Award went to Peterson and Stachler, which is a certified public accounting firm that has been in existence for 36 years. The Chamber cited Kim Peterson for his many years of dedicated service to the community, including 52 years of active Rotary membership. (Winchester News-Gazette, IN)
Cell Therapeutics: FDA OKs production site Mar 9, 2010
Earlier this month, an accounting firm said it has substantial doubt about Cell Therapeutics ability to continue as a going concern. The accounting firm said the firm had "sustained loss from operations over the audit periods, incurred an accumulated deficit, and has substantial monetary liabilities in excess of monetary assets as of Dec. 31, 2009.". (Puget Sound Business Journal, WA)
SOAProjects heads east with new owner driving fast growth Mar 8, 2010
SOA also bought a Burlingame accounting firm s extensive China operations last fall, taking over the company s offices across the mainland and in Hong Kong. SOA- which stands for Solution of All provides regulatory reporting and accounting consulting, among other services. (San Jose Business Journal, CA)
Community Calendar and Area Events Mar 7, 2010
The guest speaker will be from the accounting firm of Bunting, Tripp and Ingley and will talk about tax issues and answer many commonly asked questions that people need when preparing for filing during tax season. Refreshments will be served after the talk and a brief meeting will follow. (Lake Wales News, FL)
Alexi Giannoulias, kin could walk away from Broadway Bank collapse with $15 million Mar 6, 2010
On paper, they appear to be eligible for $24 million to $31 million in refunds, based on rules that permit banks to recover taxes paid over the previous five years to compensate for current losses, says Tim Kosiek, a partner at accounting firm Baker Tilly LLP in Chicago who specializes in banks. But trusts established to hold much of the familys Broadway stock after the 2006 death of founder Alexis Giannoulias will reduce the refund, according to Demetris Giannoulias. (Crain's Chicago Business)
Jackson plans 4,487 job cuts Mar 6, 2010
Consultants including the Deloitte accounting firm estimated the hospital could accelerate its cash flow by $20 million for fiscal 2011 by adopting better collection practices. According to a preliminary audit released Feb. 25, JHS suffered a $244. (South Florida Business Journal, FL)
Developer's A-list Mar 6, 2010
Westling, like developers who have proposed downtown Milwaukee office towers at other locations, is wooing a short list of potential anchor tenants, including accounting firm , 115 S. 84th St., and law firm , 411 E. Wisconsin Ave. He said he d like to land tenants from the suburbs, downtown Milwaukee and out of state. If the developers can sign a sufficient number of tenants, the project will receive both debt and equity financing from , San Antonio, Westling said. (Milwaukee Business Journal, WI)
Stull, Stull & Brody Retained to File Class Action Lawsuit against Electronic Game Card, Inc. Mar 5, 2010
The Complaint alleges, among other things, that on February 19, 2010 Electronic Game announced that the Company's independent accounting firm, notified the Company that it had withdrawn its audit opinions for the Company's financial statements for the years ended December 31, 2006, 2007 and 2008 because it had become aware of irregularities in the audit confirmation of a bank account represented to the auditors as having been held by Electronic Game Card (UK) Limited ("EGC Ltd"), a wholly owned... (Yahoo! Wire -- Entertainment News)
Citigroup's Auction-Rate Bonds Freeze Hawaii's Cash as Teachers Forgo Pay Mar 5, 2010
Last year, at the urging of the states accounting firm, Deloitte & Touche LLP, Hawaii took a $114 million writedown on its auction-rate investments, according to , the state auditor. Higa is preparing a report on the state finance department and its auction-rate investments that would be released shortly, she said in a telephone interview March 2. (Bloomberg)
Big Bankruptcies' Big Fees Raising Questions Mar 5, 2010
After approving $12 million in interim fees and expenses this week for several other law firms and accounting firms, Zive took special note of a $19,500 hotel bill presented by one accounting firm, the Sun reports. "I don't know if [Station's] hotels still comp, but we need to be careful," Zive said. (Law.com)
Administrator 'worries' Astarra man Mar 5, 2010
Mr Richard showed BusinessDay an email from a US accounting firm, Lichter, Yu and Associates, with an attachment that shows $US67. 3 million ($A74. (Sydney Morning Herald -- Business)
South Africa: Crime 'Still Driving Business Emigration' Mar 4, 2010
Johannesburg THE number of businesses affected by crime fell last year, but the high crime rate remained the main reason business people wanted to emigrate, according to a study released by accounting firm Grant Thornton yesterday. More than half of the 300 businesses surveyed indicated they were affected directly by contact crimes in the past year. (allAfrica.com)
People on the Move: March 1 Mar 4, 2010
Fox served as a senior auditor for a Big Four accounting firm, where she spent three years in public accounting. At Goodman, Fox will specialize in auditing for real estate development companies. (Washington Business Journal, DC)
Lingle wants Hawaii auditor's office investigated after 'shoddy' draft audit Mar 3, 2010
The draft audit does not reconcile with the opinions of the state Attorney General and three national accounting firms, Lingle said. "This reports if full of false allegations," Lingle said. (Honolulu Advertiser)
Business Optimism Index drops Mar 3, 2010
The latest Business Optimism Index from accounting firm Grant Thornton LLP shows business leaders continue to feel uneasy about overall economic improvement. Only 43 percent of respondents expect the economy to improve in the next six months, down from 53 percent in November. (Phoenix Business Journal, AZ)
Accountants raise doubts about Cell Therapeutics Mar 2, 2010
s accounting firm said it has substantial doubt about the biotech s ability to continue as a going concern. On Feb. 26, the accounting firm of Stonefield Josephson Inc., of San Francisco, said Cell Therapeutics (NASDAQ: CTIC) has sustained loss from operations over the audit periods, incurred an accumulated deficit, and has substantial monetary liabilities in excess of monetary assets as of Dec. 31, 2009. (Puget Sound Business Journal, WA)
Are Technology Strategy Disputes Bogging Down Your Business? Mar 2, 2010
Matt Podowitz, executive director of Advisory Services at accounting firm Grant Thornton, said a flashpoint for many technology wars is ignited in today s market when an equity fund rounds up a number of acquisitions, then seeks to blend them into one cohesive unit. But company A runs Oracle, company B is a SAP shop, C uses SAS, and pretty soon a brawl erupts. (CIO Information Network)
Fire heavily damages office building Mar 2, 2010
A number of businesses are listed for the address, including an accounting firm, a law office, a financing company and a dental office. OneSource Financial, which owns the building, attorneys Joe Pettigrass and John Rossi, and American Mobile Dental, which inhabits the carriage house behind the building, are a few of the tenants. (Auburn Citizen, NY)
Retailers lag on empowerment - survey Mar 1, 2010
The number of privately held businesses in South Africa that support black economic empowerment (BEE) is falling, according to an annual survey by international accounting firm Grant Thornton. Although the study found that 63 percent of those surveyed believed BEE was important for winning new business, Grant Thornton said this was but a slight increase from the 59 percent of last year, which in itself was a sharp fall from 70 percent in 2007. (Business Report, South Africa)
Hiding Behind Their Hedges Mar 1, 2010
"There is no question these transactions should be a red flag for investors," says Carr Bettis, the co-founder of forensic accounting firm Gradient Analytics and co-author of a recent study on hedging. "The evidence is pretty compelling that hedges tend to be used before bad news hits the market." Bettis' research found that in the year after executives and directors had engaged in hedging, their company's stock often dropped markedly. (BusinessWeek)
Local financial firm expands, 2 locations to serve (24) Feb 28, 2010
This move creates a very strong regional accounting firm providing tax, accounting, payroll, financial statement compilations, financial statement reviews, financial statement audits, financial planning, insurance planning and money management. You can continue to expect the same high level of personal service from me and the entire staff in Bartlesville as well as Tulsa. (Bartlesville Examiner-Enterprise, OK)
Fort Myers golfer posts aces on three straight Saturdays Feb 28, 2010
" Who: Jean Carriker, 84, Cape CoralWhere: Palmetto Pine, No. 12, 90 yards, 3 woodHer ace: Some golfers scoff at kindly old ladies who hit the ball little more than 100 yards at a clip, but Jean Carriker has nothing to apologize for, nor unwelcoming playing partners to worry about. I play with my daughter and some of the other girls, Carriker said. It takes me a couple, three shots to get where their drives are, but they dont mind. I just go for fun mostly. A newcomer to golf at 53,... (The News-Press -- Sports)
State a case study of tax credits for new jobs Feb 28, 2010
"I don't expect it to dry up that fast," says Richard Gunn, a partner with San Francisco accounting firm Burr, Pilger. "I've probably sent out 25 business tax returns; we have claimed it on three or four. The response (from clients) is, 'Thanks, I didn't even know I qualified. It's a nice surprise.' There was no motivation in anything they did because of this.". (San Francisco Chronicle -- Business)
HSBC's Asia Staff Moves May Make `Colonial' Standard Chartered Follow Suit Feb 27, 2010
54 million) will pay about 491,000 pounds in income tax and social security, three times more than colleagues in Hong Kong, according to accounting firm KPMG.. has only 25 percent of assets in Asia, even though it traces its roots to 000001B5 the Hongkong and Shanghai Banking Corp., founded in 1865 to finance trade in opium, silk and tea. (Bloomberg -- UK)
Canadian Phoenix Announces New CFO Feb 27, 2010
Prior to joining Canadian Phoenix, Mr. Moran spent 12 years with the international accounting firm of KPMG LLP, including the last nine in Australia focusing on energy clients and the implementation of IFRS. Mr. Moran is a member of the Canadian Institute of Chartered Accountants and the Institute of Chartered Accountants of British Columbia. The Board wishes to thank Ms Martin for her dedication and service to the Corporation over the past two years and wishes every success as she takes on a... (CCNMatthews Press Releases)
Committee seeks ideas for River Fest celebration Feb 27, 2010
n Agreed to hire the accounting firm of Arnold, Behrens, Nesbit, Gray, P.C., of Quincy, Ill. to perform Warsaws audit at a cost of $7,800. (Keokuk Daily Gate City, IO)
Xodtec Group USA, Inc. Engages New Independent Auditor Feb 26, 2010
TAIPEI, Taiwan, Feb. 25, 2010 (GLOBE NEWSWIRE) -- Xodtec Group USA, Inc. (OTCBB: - ) (the "Company"), a leading Taiwan-based LED lighting solutions and products provider, announced today its appointment of Simon & Edward, LLP as the Company's independent registered accounting firm. Simon & Edward, an independent member of the BDO Seidman Alliance, replaces Brock, Schechter & Polakoff, LLP as the Company's registered independent accounting firm. (Primezone Releases)
Mylan reports 4Q profit of $4.1M Feb 26, 2010
He is currently CFO for Detroit-based Delphi Automotive LLP and before Delphi, Sheehan was a partner at KPMG, a global accounting firm. He starts at Mylan on April 1. (Pittsburgh Business Times, PA)
Blockbuster Reports Fourth Quarter and Fiscal-Year 2009 Financial Results Feb 25, 2010
Management anticipates the report of the Companys independent registered public accounting firm relative to the Companys 2009 consolidated financial statements will contain an explanatory paragraph indicating that substantial doubt exists with respect to the Companys ability to continue as a going concern. The Companys independent public accountants have advised management that such an opinion will be related to the risk that the Company will have a low level of liquidity... (Yahoo! Wire -- Entertainment News)
`Lepers' in London Defend Their Right to Make Money as Election Approaches Feb 25, 2010
In 2009, Brown decided to raise the top rate of income tax and introduced a one-time levy on bankers bonuses, making London more expensive for residents earning 1 million pounds a year than New York, Hong Kong or Paris, according to accounting firm KPMG, whose U.K. is in the City. Mayor Johnson said in January that as many as 9,000 bankers may leave the U.K. as a result of the tax on their bonuses. (Bloomberg)
Police: pastor swindled nonprofit Feb 24, 2010
Thomas Croyle, 44, Carpenters Park Road, Davidsville, embezzled 18,615 from St. Francis Sharing and Caring Inc., a nonprofit organization located in Conemaugh Township, between May 2005 and June 2008, according to court documents (Somerset Daily American, PA)
Lengthy FISD meeting addresses a variety of needs and issues Feb 24, 2010
It also approved renewing the district s contract with the Charles W. Carroll accounting firm for auditing the 2009-10 school year finances. The board agreed no action was needed on guidelines for rental of the corner property which the district owns. (Alva Review Courier, OK)
ON THE WEB: Can open learning programs work? Feb 23, 2010
Is it possible to try similar cyber replacements of deans, provosts and presidents by special online specialist firms or local financial affairs duties with centralized national accounting firms. At places where administrative growth outstrips instructional positions, does so with salaries that exceed those paid to state governors, and lack transparency, that seems the ripest place for boards to pilot investigations that would be destined to produce greatest savings. (USA Today -- News)
First Interstate Bank prepares to go public Feb 22, 2010
Certified Public Accountant Jim Swain, who manages the Billings office of accounting firm Galusha, Higgins, Galusha, agreed that there is buzz about the stock sale, especially given the current economy. "The flavor of the prospectus is this is not a bank in crisis but a bank in transition," Swain said, after reviewing parts of the SEC stock sale filing that runs nearly 300 pages. (Casper Star-Tribune, WY)
Miners reluctant to share riches Feb 22, 2010
Against them, non-miners such as retailer Gerry Harvey, accounting firm PricewaterhouseCoopers and several business groups fear the government is setting a dangerous precedent by singling out miners for special treatment. Higher taxes on miners could threaten the economy by ''killing the goose that lays the golden egg'', the critics fear. (Sydney Morning Herald -- Business)
A Russian retreat in ice dancing Feb 22, 2010
For years, the joke was that an accounting firm would bring in the results before the competition began. And with all the outrageous costumes, it often looks like Halloween on Ice. (USA Today -- Sports)
A note to readers Feb 22, 2010
Few targets escape his disgust and hatred: The government, the drug and insurance companies, "the joke we call the American medical system," the "vulgar, corrupt Catholic church" and equally "corrupt unions," the "sleazy executives" of accounting firm Arthur Andersen and Detroit's auto companies, savings and loans firms, the city of Austin, wealthy bankers, "pompous political thugs and their mindless minions" and, of course, the ultimate target of his wrath, "Mr Big Brother IRS man.". There is a... (Salon)
Thompson Dunavant restructures firm Feb 21, 2010
the largest independent Memphis-based accounting firm, has implemented a complete overhaul of the company s structure, including the appointment of member Steve Dunavant to CEO and the creation of a four-member board of directors. A founding member of the firm, Dunavant, 49, had served as co-managing member most of 2009 with fellow founding member Gordon Thompson during the transition process. (Memphis Business Journal, TN)
Crouch speaks to property owners Feb 20, 2010
Published: Saturday, February 20, 2010Updated: Thursday, January 21, 2010 8:41 AM CST John Crouch, a partner in the accounting firm of Crouch, Farley & Heuring, PC, spoke to the Historic Tanglefoot Association at Petit Paree restaurant in Festus Jan. 12. His presentation focused on tax credits that benefit building owners. (Park Hills Daily Journal, MO)
Judge Dismisses 2 Counts Against Rothstein Firm's Former Accountants Feb 20, 2010
A judge dismissed part of a civil case filed against an accounting firm that worked for Rothstein Rosenfeldt Adler before the Fort Lauderdale, Fla ... The lawsuit claims the accounting firm is liable for the loss of more than $100 million the plaintiffs lost in convicted fraudster Scott Rothstein's settlement scheme, contending the accountants should have been aware Rothstein was running a scam and may have participated in it ... The accounting firm has. (Law.com)
Buy a tech firm, get a ping-pong table Feb 20, 2010
Founded in 2005 by Rensselaer Polytechnic Institute student Cameron Brain, the company's main product is SesameVault, an online video platform that is used by about 100 customers, including Gonzaga University and Reznick Group, an accounting firm based in Bethesda, Md. Reznick uses it for an internal online video portal that it uses for training videos, recruiting and internal communications. (Albany Times Union)
Issa Report finds ACORN Fraud, SEIU Connections Feb 20, 2010
Entitled , the report presents information gleaned from committee investigations into hundreds of bank accounts, shell organizations incorporated under myriad sections of the internal revenue code, even an ACORN-directed accounting firm, Citizens Consulting Inc., charged with obscuring the trail and use of funding streams pouring into ACORN from taxpayers and charitable contributions alike. The report includes a blistering executive summary of four crucial findings. (Human Events Online)
Desco Resources Inc. Announces Letter of Intent to Amalgamate With Manitok Exploration Inc. Feb 19, 2010
Mr. Geremia was Manager, Special Projects at Stampeder Exploration Ltd. and prior thereto he was an associate at Deloitte & Touche, an accounting firm, where he obtained his Chartered Accountant designation in January 1992. Mr. Geremia graduated with a Bachelor of Commerce degree from the University of Calgary in 1989. (CCNMatthews Press Releases)
Top UN climate official resigns Feb 19, 2010
Mr De Boer said he would become a consultant on climate and sustainability issues for KPMG, a global accounting firm, and would be associated with several universities. Deeply disappointed. (BBC News)
Profit may rise but jobs may not Feb 19, 2010
These findings reflect the same cautious optimism apparent in an assessment of small businesses nationwide - defined as those with less than $10 million in sales - provided by Sageworks, a North Carolina company that bases its analyses on data from thousands of small accounting firms. The two surveys offer complementary insights into the plans and actions of small-to mid-sized companies whose collective hiring or layoff decisions will accelerate or impede the economic recovery that appears to be... (San Francisco Chronicle -- Business)
Baker Tilly nabs group of consulting execs Feb 18, 2010
Accounting firm has poached 14 people from to work in its Vienna-based government contractor consulting practice. Chicago-based Baker Tilly, locally, brought over four of the executives as partners, including Bill Keating, Tom Tagle, Brent Calhoon and John Van Meter. (Washington Business Journal, DC)
Dixon Hughes sponsors Triad Business Index Feb 18, 2010
Accounting firm Dixon Hughes will provide financial support for the Triad Business Index, a long-running measure of economic activity in the region produced by UNC-Greensboro's Bryan School of Business and Economics, according to an announcement. The monthly report will now be known as the Dixon Hughes Triad Business Index, the announcement said. (Triad Business Journal, NC)
Brownstein joins CleanLaunch incubator Feb 18, 2010
The incubator s founders include the technology division of in Centennial; national accounting firm Clifton Gunderson, which has three offices in Colorado; Denver law firm Fairfield and Woods PC; and the , with the assistance of the U.S. Department of Commerce s Economic Development Administration. Brownstein attorney John Herrick was previously named an advisor to Cleantech. (Denver Business Journal, CO)
Andersen Will Settle Suit Over WorldCom Feb 18, 2010
NEW YORK, April 25 -- Defunct accounting firm Arthur Andersen LLP has agreed to pay $65 million to settle its part of a massive WorldCom Inc. class-action shareholder lawsuit, sources familiar with the deal said Monday ... Sources said that Andersen's settlement was delayed by demands from plaintiffs that the accounting firm disclose all its current holdings ... Andersen, once among the world's biggest and most profitable accounting firms, was convicted in 2002 of obstructing a federal probe... (Yahoo News -- WorldCom/MCI)
