Accounting Services 

PwC Poaches Someone From EY and Issues a Press Release, Parts IV and V

There has been some crazy poaching news recently—no, not in the Big 4 but in college football. USC poached Lincoln Riley from the University of Oklahoma to be its next head coach, which was then followed by Brian Kelly bolting Notre Dame for the SEC (no, not that SEC) to become LSU’s new coach and Mario Cristobal leaving the University of Oregon for his alma mater, the University of Miami. While it doesn’t have the gravitas of the coaching carousel in college football, PwC in Canada just turned two former…

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Accounting Services 

Compensation Watch ’21: BDO USA Is Dangling a Mid-Year Raises Carrot (NEW UPDATE)

[Update on Dec. 13.] At the beginning of December, we got a tip from a BDOer who told us, “Communications started today. Mid-year raises are being awarded to all supposedly but individuals are getting different percentages.” This was after we were told that BDO was giving its employees an extra $500 stipend for both December paychecks. But things had been quiet for the past week and a half or so about mid-year salary adjustments at the House of Berson. However today we finally got word that someone at BDO has…

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Accounting Services 

Steps for Initiating Your Startup Business

Starting your own business is a daunting task. So how can you get your startup off the ground? Starting your own business is a daunting task. Entrepreneurs will need the proper planning and strategizing to get any business off the ground successfully. There are a few key steps that any new business owner will need to tackle before launching their own business. No matter what type of business it is, these steps will usually be quite similar. Here are the initial steps that any entrepreneur needs to take to thrive…

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Accounting Services 

Friday Footnotes: KPMGer Sues Over Bullying; Auditing Terrorist Orgs?; Deloitte UAE’s Weekend Plans | 12.10.21

KPMG executive Greg Eldridge is seeking $130,000 in damages against the accounting giant [The Courier Mail] A senior KPMG executive now on stress leave has sued the accounting giant, alleging he was subjected to months of unlawful harassment from a colleague and then told he would have to simply adapt to the abuse. Audit tips for a pandemic-changed environment [Journal of Accountancy] The business environment amid the COVID-19 pandemic has meant significant changes in the risks and results auditors consider and test during their engagements. In many cases, revenue and…

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Accounting Services 

Compensation Watch ’21: Grant Thornton Is Dragging Its Feet On Announcing Mid-Year Raises (UPDATE)

[UPDATE] Well, what do we have here? A day after we posted about Grant Thornton offering employees a deluge of new benefits instead of a deluge of cash, we were told by one GTer on Dec. 8 that mid-year raise communications have arrived: Just got a call from a partner informing me of my raise effective Jan. 1st. Would prefer not to provide the exact figure, but let’s just say it’s a percentage in the upper single digits. Manager level. Well that’s good news. Hopefully the dominoes start to fall…

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Accounting Services 

Compensation Watch ’21: Marcum Is Jumping on the Mid-Year Raises Bus

Marcum Chairman, CEO, and Going Concern fanboy Jeffrey Weiner must be feeling extra charitable during this season of giving, as he’ll be putting a little something extra in Marcum employees’ stockings on Jan. 1, 2022. A tipster provided us with this email that Weiner sent to Marcum employees today, with “Mid-Year Salary Increases” in the subject line: The past year has proven to be as challenging as 2020, just in different ways. Marcum is experiencing extraordinary levels of growth and we know this has resulted in increased workloads for most,…

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Accounting Services 

How Are You Supposed to Dissolve an S-Corporation?

So how do you dissolve an S-Corporation? Ending your business is an unfortunate experience. Every entrepreneur fears their venture failing. Even if it was thriving before, your business model might be outdated. A sole proprietorship can only go so far. But even with a solid core of partners, coworkers, or employees, termination could be your company’s ultimate fate. So how do you dissolve an S-Corporation?  Why Does This Become Necessary?  Even though your S-Corporation has gone under, you’re still on the hook. The IRS will still demand you pay your…

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Accounting Services 

CPA Canada Congratulates 5,912 CFE Passers and Throws Some Cash at Top Performers

On December 3, CPA Canada announced 5,912 writers of the Common Final Examination — Canada’s version of the CPA exam — passed the grueling, three-day examination required for licensure. This is down from 6,371 in September 2020, an impressive 75.8% pass rate for first-time writers (note: they’re called “writers” not candidates up north, don’t ask us why), an even more impressive feat when you consider the trash fire that was 2020. In a press release, CPA Canada threw some applause [and then everyone clapped?] at successful writers: Chartered Professional Accountants…

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Accounting Services 

Grant Thornton Is Trying to Keep Heinies In Seats By Giving Raises Enhancing Benefits

Aw, better luck next time, GTers. Maybe some good news on Dec. 17? Anyway, here’s what Grant Thornton sent out on Dec. 1: Grant Thornton has further embraced the changing nature of benefits by taking its traditional benefits package — which includes items such as retirement plans and medical insurance — and layering on a host of newer offerings, including: Flexible work arrangements such as reduced-work schedules, compressed work weeks and flexible days — regardless of level;Flexible time off that allows employees to disconnect from work as needed instead of…

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Accounting Services 

More Advice for Correctly Claiming Tax Dependents

With that in mind, we have created this list of tips for properly claiming tax dependents when the time comes. Taxes are no joke. There’s a reason why they are included in a popular joke about the only constants in life. Whenever you go to fill out and file tax-related paperwork, you must do so with caution. The IRS doesn’t consider mistakes to be accidental. As such, any perceived infractions could result in harsh fines, claims denials, and even refusal of tax refunds. With that in mind, we have created…

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