Accounting

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Andrew Gragnani, the new president of Mayer Hoffman McCann, has plans to increase the firm’s national presence, including acquiring other accounting firms. MHM, a Top 10 Firm in Cleveland that operates in an alternative practice structure with the publicly traded financial services company CBIZ, announced Gragnani’s appointment earlier this month, succeeding Andy Burczyk, who is
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The Financial Accounting Standards Board issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, in August 2020. ASU 2020-06 simplifies an issuer’s accounting for convertible instruments and its application of the derivatives scope exception for contracts in its own equity. Assuming a Dec. 31 fiscal year-end, ASU 2020-06 is effective
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The International Ethics Standards Board for Accountants proposed a set of revisions Friday to the International Code of Ethics for Professional Accountants (including International Independence Standards to address the impact of technology innovation on the profession. The exposure draft with proposed technology-related revisions to the ethics code aims to guide the mindset and behavior of
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CPA Exam prep course and continuing professional education provider Becker Professional Education has announced its new Leading Change for a Diverse and Inclusive Workplace Certificate. Designed for accounting and finance leaders, the five-course, eight-credit continuing professional education (CPE) course aims to teach managers how to implement more diversity, equity, belonging and inclusion (DEBI) practices within
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Refund madness; without oversight; waste not, definitely want not; and other highlights of recent tax cases. Pittsburgh: Ephrem F. Lijalem, a resident of Carpentersville, Illinois, and operator of tax refund stores in Pittsburgh, has pleaded guilty to aiding or assisting in the preparation or filing of false federal income tax returns. Lijalem operated Cititax Tax
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Avalara certified 20 more application integrations with its own tax compliance software Thursday, including several accounting, enterprise resource planning, e-commerce, point-of-sale, mobile commerce and customer relationship management systems. Avalara said its certified integration partners have met criteria developed by the company for performance and reliability. The software integrations allow users to embed Avalara’s automated tax
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Hutchinson and Bloodgood LLP has combined with Damitz, Brooks, Nightingale, Turner and Morrisset in Santa Barbara, California, effective Jan. 1, 2022. H&B was founded in 1922 and provides accounting, tax compliance, audits, reviews and compilations, along with advisory services including strategic planning, succession planning, estate planning, financial forecasts and projections, information technology planning, litigation support,
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An accountant working at a Georgia-based wealth management firm pleaded guilty to embezzling $800,000 from an elderly client suffering from dementia. Heidi Royal, 52, of Dallas, Georgia, an accounting manager and bill pay supervisor at Homrich Berg in Atlanta, pleaded guilty to wire fraud and aggravated identity theft, the Justice Department announced Monday. Royal had
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Billtrust, a provider of accounts receivable software based in Lawrenceville, New Jersey, has acquired Order2Cash, an electronic invoicing and payments company headquartered in Amsterdam. The acquisition comes on the heels of Billtrust’s acquisition last October purchase ofiController, an AI cash flow forecasting company based in Ghent, Belgium and will expand the company’s European and global
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Wipfli, a Top 20 firm based in Milwaukee, has added two data analytics and application development companies, Solve100 and Waypoint Consulting, while expanding its footprint to Arkansas. Solve100, based in Chicago, offers business intelligence, data analytics, machine learning and predictive analytics technology to the health care, manufacturing, financial services, food service/manufacturing and distribution/logistics industries. DecisionPoint
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We’re heading into the time of year when one day blurs into the next. You feel bombarded with unexpected client calls and requests 24/7. There’s nothing worse than being caught off-guard by an urgent client request, or worse, hanging up the phone and realizing you just had Client A’s situation confused with Client B’s and