Thursday, March 5, 2020

Accounting Industry Leadership Council formed to support Alzheimer’s Association | Accounting

He hopes to bring the entire CPA community together nationwide to fight Alzheimer's. "Accounting firms support philanthropy on a very large scale," said Scalise. "I spent 15 years working for the Big Four firms, and I know we were involved with dozens of philanthropic efforts.

The Walk to End Alzheimer's is usually held in late summer into the fall and is the Alzheimer's Association's main fundraising event. It's held in over 600 communities around the U.S., attracting over half a million participants. Last year, the event raised over $98 million, an all-time record for the Alzheimer's Association. "We're all very proud of that," said Scalise.

Publisher: Accounting Today
Date: 2020-03-05T12:55:27.537
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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While you're here, how about this:

Pritzker budget relies on $800M in legally questionable accounting gimmicks

Illinois law requires the governor to propose a budget balanced with existing revenues. To do so, Gov. J.B. Pritzker proposes cutting aid owed local governments, raiding the road fund, letting health insurance costs pile up and withholding taxpayers' refunds.

As both a candidate and governor, Pritzker has been critical of his predecessors for relying on dishonest budget gimmicks. During his first budget address , the governor mocked former Gov. Bruce Rauner for relying on a "fantasy line item" in which he had proposed unspecified savings from a "Grand Bargain" with the General Assembly .

Publisher: Illinois Policy
Date: 2020-03-05T09:58:55 00:00
Twitter: @illinoispolicy
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Tax Fraud Blotter: False advertising | Accounting Today

Gaffey was charged along with Harald Joachim von der Goltz, Ramses Owens and Dirk Brauer in connection with a decades-long scheme perpetrated by Mossack Fonseca, a Panamanian-based global law firm, and its related entities in the headline Panama Papers case.

Since at least 2000 through 2018, Gaffey conspired to defraud the U.S. by concealing his clients' assets and investments and the income generated by those from the IRS. He helped taxpayers evade reporting obligations in varied ways, including by hiding the beneficial ownership of his clients' offshore shell companies and setting up bank accounts for those companies.

Publisher: Accounting Today
Date: 2020-03-05T23:57:03.833
Author: https www accountingtoday com author jeff stimpson 1641
Twitter: @AccountingToday
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Georgetown, Santa Clara University top median salaries for accounting grads | Accounting Today

New accounting graduates from Georgetown University have the highest median salary as they begin their careers, according to online education resource GradReports.

GradReports utilized data published by the U.S. Department of Education in November 2019 to compose its ranking. Schools are ranked according to the median salaries of bachelor degree in accounting graduates one year after college, with median debt used to break any salary ties. Schools needed to have a reported median salary and an unsuppressed sample size for graduates to be ranked, as well as offer at least one fully online degree.

Publisher: Accounting Today
Date: 2020-03-05T15:03:01.307
Author: https www accountingtoday com author sean mccabe
Twitter: @AccountingToday
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Quite a lot has been going on:

HostBooks Launches SMB Mobile Accounting App | PYMNTS.com

HostBooks Accounting Software Company has announced the launch of its mobile app to help small businesses with payroll integration and other services.

According to the press release , the app will work on bringing HostBooks’ programs up to speed with the company’s competitors.

HostBooks, a cloud-based alternative to traditional accounting, offers businesses services such as tax compliance, financial record keeping and reporting. Founder and President Kapil Rana said the intent was to blend the old styles of accounting with modern software. He said the company's goal is to ensure that its services could be accessed at any place, anytime.

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Publisher: PYMNTS.com
Date: 2020-03-05T05:05:50Z
Twitter: @pymnts
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PureCircle revises 2017 and 2018 sales as accounting probe into 'irregularities' is completed

"These matters relate to revenue cut-off, and non-commercial transactions… As a result, adjustments with the effect of reducing sales of approximately $5.9m and $2.2m have been made to the 2018 and 2017 financial results respectively," ​ said the company, which recently unveiled a new management team ​ ​ following a probe into accounting irregularities that has delayed the publication of its full-year results and prompted a suspension of its shares.

Publisher: foodnavigator-usa.com
Date: CEC8ACB0DB9777352167906B78F1EF96
Author: foodnavigator usa com
Twitter: @FoodNavigatorUS
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Practice Profile: A perfect blend | Accounting Today

KBS CFO founder and CEO Robin Thieme works with liquor companies in her role leading the Washington, D.C.-area accounting practice, so she understands that one of their driving challenges is getting their bottles on store shelves. In facing that challenge, these companies require the kind of customized accounting, business process restructuring and CFO services her company provides.

"The industry itself really goes through booms and busts — they're now in the process of a boom," Thieme explained. "There could be a point where, as hard as it is to believe in the business, people will become less interested in bourbon — as it's a little oversaturated. It does happen. Right now there are a lot of entrants into the marketplace.

Publisher: Accounting Today
Date: 2020-03-05T14:00:22.047
Author: https www accountingtoday com author danielle lee
Twitter: @AccountingToday
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Eide Bailly merges in HMWC | Accounting Today

Eide Bailly LLP, a Top 25 Firm based in Fargo, North Dakota, is expanding in California by adding HMWC CPAs, a firm based in Tustin, effective May 18, 2020.

The deal will provide Eide Bailly with an Orange County office in addition to the 10 offices it already has in California. The firm currently has more than 40 offices across 15 states.

Financial terms of the deal were not disclosed. Eide Bailly ranked 21st on Accounting Today 's 2019 list of the Top 100 Firms. The firm reported $385 million in net fees. HMWC will add 13 partners and 80 staff to Eide Bailly. Eide Bailly will have more than 350 partners and 2,500 staff after the merger takes effect in May.

Publisher: Accounting Today
Date: 2020-03-05T16:47:28.778
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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