Prager Metis forms charitable foundation; RISCPA hosts annual charity golf tournament; and more CPA news.
Belfint, Lyons & Shuman CPAs, Wilmington, received ClearlyRated’s Best of Accounting Award for providing superior service, based on ratings provided by clients.
The Illinois CPA Society held a reunion party at its Chicago office on July 11 for 40 graduates of its Mary T. Washington Wylie Internship Preparation Program. (Read the full story.)
Blumshapiro, Quincy, established investigative due diligence and business intelligence as new areas of expertise. Frank Rudewicz, Erum Randhawa and David Grindle will be leading these new areas.
BKD, Springfield, crowned the winners of its 2019 Innovation of the Year Award, as voted by members of the firm’s innovation governance committee and innovation advancement committee. As part of the firm’s new innovation program, BKD Edge, the honor went to the Red Team, of Cindy Boyle, Alice Harmon, Rex Johnson, Charles Laughridge, Mark Solomon and Dwayne Tucker, and was presented at the firm’s annual leadership conference.
Prager Metis CPAs, New York, has formed The Prager Metis Charitable Foundation, an organization to coordinate and support the firm’s philanthropic activities. Steven Topal, former New York City office managing partner, will be transitioning into the role of president of the foundation.
Marcum, New York, has audited more special purpose acquisition company IPO transactions in the first half of 2019 than any other U.S. audit firm, according to SPAC research, which found that between January and June, the firm audited 13 SPAC transactions, or 46 percent of all SPAC offerings, representing $3.4 billion in total capital raised.
The RI Society of CPAs held its 28th annual charity golf tournament July 15 at the Warwick Country Club in Warwick, welcoming nearly 140 golfers who participated in the tournament. Part of the proceeds from the tournament will go to The Learning Community Public Charter School, which serves nearly 600 students in grades K-8 from Providence, Pawtucket and Central Falls.
The Internal Revenue Service released final regulations Monday to offer guidance on deductions for estates and non-grantor trusts, clarifying that certain deductions aren’t to be considered miscellaneous itemized deductions.
The Internal Revenue Service and the Treasury Department issued the last set of final regulations to implement the 100 percent additional first-year depreciation deduction from the Tax Cuts and Jobs Act.