Kevin Lawlor The Connecticut Society of CPAs elected and installed its board of directors for the 2024-25 activity year: chair Kevin Lawlor, retired executive vice president and chief operating officer of Fairfield University; chair-elect Mary Manfredi, manager of finance at General Dynamics Electric Boat; treasurer Muhammad Malloy, a tax manager
Spend management solutions provider Emburse is working with American Express to offer end-to-end virtual card issuance, card reconciliation and expense management in Emburse Spend to American Express customers. Customers can now connect their American Express Card programs to Emburse Spend. Card members can enroll their eligible commercial American Express Card
Collared; gone deep; to protect and disserve; and other highlights of recent tax cases. Marietta, Georgia: Dog broker Justin Daniels, 48, has been sentenced for filing false returns. Since 2006, he had sold Yorkie, Morkie and Shi-Tzu puppies. Although his customers believed he was selling the puppies directly, the animals
Health savings accounts are growing rapidly as employees tap into the vaunted “triple tax free” advantages, but those benefits come with some caution for financial advisors and their clients. Pretax contributions, untaxed investment earnings and penalty-free withdrawals for qualified medical expenses provide ample appeal for HSAs as a savings vehicle
The Public Company Accounting Oversight Board has levied a $400,000 fine against MaloneBailey and sanctioned the auditing firm for pervasive quality violations. According to a settled disciplinary order Tuesday, the PCAOB conducted three inspections of the Houston-based firm from 2018 to 2021 and during each inspection found significant deficiencies that
Katz, Sapper & Miller, a Top 50 Firm based in Indianapolis, is expanding into Ohio by adding Cassady Schiller, one of the biggest firms in Cincinnati, effective May 31. Cassady Schiller offers tax and accounting services to high-net-worth individuals and families, and businesses in the manufacturing and distribution, hospitality, and
Enjoy complimentary access to top ideas and insights — selected by our editors. Most people seem confident that they have a good handle on their financial affairs, but to make the most of them, you can never know too much. To find out where individuals have the best understanding of
The Internal Revenue Service is currently drafting proposed regulations on digital asset reporting requirements, but their final direction remains uncertain. The Tax Reporting Conference, held each year in May, shed some light on digital asset reporting on the new Form 1099-DA, as well as the proposed regulations. Jessalyn Dean, vice
Real estate investment trusts have become increasingly prevalent in the investment landscape, offering investors a vehicle to access diverse real estate assets and income streams. Financial statement auditors must handle distinct challenges that come with auditing these entities. Whether examining publicly traded or privately held REITs, these investment vehicles present
One man, in the eyes of Donald Trump, is a “money machine.” The other is a guy named “Scott.” Each of them, if November’s election breaks the ex-president’s way, could be America’s next Treasury secretary. The “money machine” is John Paulson, who famously made $15 billion betting against subprime mortgages.