The Latest

Retaining qualified employees continues to be a problem for accounting firms

In a case of first impression before the Delaware Chancery Court, the defense of in pari delicto was applied in favor of an auditor/accounting firm to defeat claims brought by the receiver of several insolvent insurance companies.

Rosenberg Associates has begun its annual survey of CPA firms.

The New York State Society of CPAs’ (NYSSCPA) Rochester Chapter NextGen group, a committee of young accountants and new CPAs, alongside the Flower City Habitat for Humanity (FCHH), will host a celebratory open house at the newly-renovated Rochester home at 44 Miller Street at 4 p.m. on May 1, according to the State Society.

New hires, promotions and more…

NetSuite has entered an agreement to acquire Bronto Software in a cash and equity transaction valued at $200 million.

Sam’s Club, the membership warehouse club owned by Wal-Mart, is teaming up with a New York City-based accounting firm known as 1-800Accountant to offer accounting and tax services that can be accessed via mobile devices such as smartphones and tablets.

Rep. Bonnie Watson Coleman, D-N.J., has introduced legislation that would provide relief to low-income and economically vulnerable Americans who would otherwise be subject to wage garnishments by the Internal Revenue Service.

Hedge fund managers including billionaire John Paulson won’t immediately face new limits on their use of insurance in offshore tax havens, after the IRS proposed rules and chose not to make them effective now.

Now that busy season for many accounting firms is drawing to a close, more attention turns to expanding business and developing new business. While every firm has a different way of tracking growth and revenue, BKR International reminds firms of four growth benchmarks to pursue and track consistently to stay in front of your best business opportunities.