Accounting
29 results total, viewing 1 - 10
Imagine a company that allows its employees to take nothing in salary this year in exchange for promissory notes to pay them twice as much in 10 years. Although there would be no immediate cash outlay, the company would still be required to accrue expenses reflecting the promises. more
When Rhode Island lawmakers streamlined the state income tax code three years ago, they built into it a feature that accountants say doesn’t make much sense: taxing refunds. more
Braver PC, a regional accounting firm with offices in Providence and Needham, Mass., merged its accounting, business strategies and valuation services divisions with national accounting and advisory firm Marcum LLP effective Jan. 1, the New York-based company announced Monday. more
PROVIDENCE – State revenue collections have “outperformed expectations on a fiscal year-to-date basis since September and have showed renewed strength … with the inclusion of February revenue,” state Director of Revenue Rosemary Booth Gallogly said last week. more
Former Cumberland Fire District Tax Collector Karen B. Lambert was arrested last month for allegedly embezzling funds from the both the district and a Woonsocket property-management company. more
Christine Earley, associate dean and professor of accountancy in the Providence College School of Business, was recently chosen to serve in a two-year, rotating academic fellowship at KPMG’s Global Services Center in Montvale, N.J. She will take a professional leave of absence from Providence College to lead and support KPMG programs and processes designed to support academic research and researchers. more
Current accounting standards for goodwill are seen as complex because they require regular impairment testing and do not permit goodwill amortization. Goodwill impairment – when goodwill has become or is considered to be of lower value than at the time of purchase – became a public issue during the accounting scandals in 2002. more
As a partner at BlumShapiro in Providence, Monica A. Motta wears two hats. more
The recent release of Institutional Investor Alpha’s hedge-fund survey has everyone asking how the fund managers continue to make so much money. Academics and journalists alike point out that hedge funds, as a class, haven’t delivered above-market after-fee returns for quite some time. more
William R. Pirolli, a CPA and partner at DiSanto, Priest & Co., has been appointed to the American Institute of Certified Public Accountants Relations with the Bar Association Committee, where he will be representing the CPA community at the National Conference of Lawyers and CPAs. This gathering focuses on promoting professional excellence to improve the professions’ public good. DiSanto, Priest & Co. concentrates on financial strategic planning and retreat services for businesses, with a focus on nonprofit organizations, as well as accounting and law firms. Pirolli holds a B.A. in business administration/accounting from Bryant University. more
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