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As Seen In 2017

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Despite enjoying institutional advantages with respect to attracting foreign capital, lawmakers have viewed it as appropriate to create additional vehicles designed to attract capital inflows to the United States.

Climate change is not yet a major issue for directors and officers, but experts expect it to become one.

 

Pennsylvanians who hop in a ZipCar or Enterprise CarShare to get around town will soon find errands a bit more expensive if a proposed measure in the Senate’s revenue package becomes law.

 

It has been a tough year for malls around the country with announcements of more store closures everywhere you look. The latest is Starbucks' announcement to close its 376 Teavana stores because many of the mallbased stores have been persistently underperforming.

 

The U.S. Foreign Corrupt Practices Act has been setting an ever-lower threshold for violations of the FCPA's books and records and internal controls provisions.

 

It's mid-summer in the Bay Area. Do you know where your teenagers are? Well I don't know either, but one thing's sure, they're not at the mall. I checked. In fact, it seems a lot of people are not shopping at some of our venerable indoor malls.

 

About 8,400 runners and walkers on 195 company teams completed the 3.5-mile Marcum Workplace Challenge at Jones Beach Tuesday evening.

 

Co-op, condo and HOA living represents a unique social arrangement; it’s a paid-for membership club and a home at the same time. Many people enter into this arrangement without a complete understanding of the responsibilities of membership.

 

Fair Market Value and Fair Value are both important terms in valuation. However, they are frequently mistakenly thought to be interchangeable.

 

WCBS-TV invited Long Island Office Managing Partner Carolyn Mazzenga to their studio to talk about the 2017 Marcum Workplace Challenge at Jones Beach.

 

This year alone, more than 8,600 stores could close, according to industry estimates, many of them the brand-name anchor outlets that real estate developers once stumbled over themselves to court.

 

Joseph Perry, tax and business services leader at Marcum LLP, discusses the issues that he feels need to be tackled in order to achieve U.S. tax reform. He speaks with Bloomberg's David Westin on Bloomberg Daybreak: Americas.

 

In an attempt to stay off the endangered species list, embattled retailer Target is shaking things up in its fashion department.

 

Alfred Angelo, one of the world’s largest manufacturers and retailers of wedding gowns, closed all 60 of its U.S. stores as it filed for Chapter 7 bankruptcy. The retailer, known for its Disneythemed designs, also has partnerships with some 1,400 retailers.

 

Top 100 Firm Marcum announced this week that they will hold their second annual Marcum Women's Forum in New York City on October 27th. Chelsea Clinton is set be the featured speaker for the breakfast event that looks to discuss topics relating to female leadership in the workplace.

 

Marcum tapped a Clinton to speak at its upcoming Women’s Forum. Chelsea Clinton will headline the second annual event, set for Oct. 27 in Manhattan.

 

On April 26, the Trump administration handed U.S. CEOs a generous gift in the form of a new tax reform plan. Designed to simplify the tax code and foster economic growth, it is a blueprint for how the administration intends to put more money in the hands of businesses and individuals alike.

 

The Senate health-care plan closely resembles an earlier bill passed by the House, with both dismantling key provisions of ObamaCare.

 

Warren Hennagin, CPA, MST, CCIFP, CGMA, has merged his construction accounting practice into Marcum LLP, a top national accounting and advisory firm.

 

The executive committee of New York-based Marcum has named Jeffrey Weiner chair and CEO and David Bukzin vice chair. Weiner previously served as MP, a position he had held since 1990. Bukzin held several titles, including PIC of Marcum’s SEC services practice group.

 

Amazon can't provide a fitting room for trying on that new pair of jeans before purchasing them, but a new feature for Amazon Prime members is taking a crack at being the next best thing.

 

Wall Street is taking with a grain of salt Washington, D.C.'s promises that tax reform will happen this year.

 

For the last several years, it seems as if everyone I talk to in our profession is trying to figure out a growth plan.

 

Marcum has named Jeffrey Weiner, managing partner, chairman and chief executive officer and David Bukzin, head of the firm’s SEC practice group, vice chairman.

 

Data collection, retention and preservation are critical elements of any significant internal investigation so you will need to have the involvement of your IT function.

 

Americans cut spending at gas stations, department stores and electronics shops in May as retail sales registered their biggest drop in 16 months, a cautionary sign for the economy.

 

Marcum LLP has named its longtime managing partner, Jeffrey M. Weiner, as chairman and CEO, and David Bukzin as vice chairman.

 

Consumers' increasing enthusiasm for buying online claims more retail victims every week.

 

The 9th Circuit Court's review of how construction contractors should recognize income had a somewhat surprising outcome. The key question being considered was: When should developers recognize income under the completed contract method?

 

The lack of an intake process immediately presents a challenge in beginning to work through an allegation of wrongdoing due to the inability to track when the allegation or information was received, who sent it, who received it, what did the company do when they received it?

 

JD Supra recently had the chance to sit down with Jonathan Marks, a partner at Marcum LLP and a well-known internal investigation expert, to get some of his thoughts around what goes into a well-run investigation.

 

Warren Hennagin has more than 30 years of experience in audit, accounting, tax planning and business consulting, with a specialization in the construction industry.

 

Warren Hennagin, CPA, MST, CCIFP, CGMA, has merged his construction accounting practice into Marcum LLP, a top national accounting and advisory firm.

 

Marcum LLP has merged in the construction accounting practice of Warren Hennagin, who is joining the firm as an assurance services partner in the firm's Irvine, Calif., office.

 

Business is excited. A combination of hard and soft data suggests that corporate America's business people are delighted by the new presidential administration's pro-business agenda, which includes a combination of deregulation, altered approaches to trade and immigration, a possible infrastructure spending-led stimulus package, potential health-care legislation, and, of course, tax cuts and tax compliance simplification. Investors have been positively ebullient since shortly after the presidential election transpired, with the NASDAQ and other indices routinely shattering previous highs.

 

Between 20% and 25% of the nation's shopping malls will close in the next five years, according to a new report from Credit Suisse that predicts e-commerce will continue to pull shoppers away from bricks-andmortar retailers.

 

As corporate executives and investors try to piece together their own outlooks, information and networking will be key to identifying opportunities and potential challenges going forward.

 

Several construction industry trade publications reported the results of the Marcum Commercial Construction Index for the first quarter of 2017.

 

The U.S. economy is behaving mysteriously. Usually wage growth accelerates when the job market is tight: Employers have to pay more to attract and retain workers.

 

Throughout his 20-plus-years with Marcum LLP, an independent auditor of public companies, David Bukzin has played witness to the contraction of the IPO market.

 

Every summer, thousands of employees across Long Island trade in their business attire for their finest fitness gear and compete in the Marcum Workplace Challenge - a 3.5-mile charity walk/run around Jones Beach State Park in Wantagh, New York.

 

Bloomberg Daybreak invited national tax leader Joseph Perry onto the show to kick off the network's Tax Reform Week.

 

Joining Marcum will give MHP's clients and staff significantly greater resources as well as access to a deep bench of talent across the firm's practice areas, including in advisory services.

 

Investors and analysts are split on what's next for taxes in light of a renewed effort on Capitol Hill to tackle health care. The House of Representatives last Thursday passed the American Health Care Act, sending the legislation to the Senate, where GOP lawmakers have admitted the process is likely to stall.

 

Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support LLC (MHP) have merged into the national accounting and advisory services firm, Marcum LLP announced in a release.

 

A growing labor shortage in the commercial real-estate industry is driving up the costs of some projects and could complicate lawmakers’ plans for a $1 trillion infrastructure-spending program, contractors say.

 

News headlines, tower cranes and traffic - three signs that point to Nashville's status as one of the great "boom towns" in the United States.

 

While most people are catching on to the appeal of 529 plans, which offer tax-advantaged investments to pay for qualified education expenses, many still overlook a number of benefits these accounts provide.

 

Marcum LLP announced Tuesday that it has merged with Meyers, Harrison & Pia LLC and Meyers, Harrison & Pia Valuation and Litigation Support LLC.

 

Marcum has merged Meyers, Harrison & Pia and Meyers, Harrison & Pia Valuation and Litigation Support into its business, adding 55 partners and staff in New Haven, Connecticut, and Portland, Maine.

 

MHP dates back to 1954 and specializes in business valuation, forensic accounting and litigation support services. The firm’s partners frequently serve as expert witnesses during legal disputes. Financial terms of the deal were not disclosed.

 

Regional accounting firm Marcum LLP, which has a Hartford office, said Monday it has acquired a New Haven CPA firm that will add to its Connecticut presence.

 

Accounting firm Marcum LLP has expanded its New England presence by purchasing New Haven, Connecticut-based Meyers, Harrison & Pia, LLC.

 

Government agents investigating tax offenses often work within well-defined parameters including the time period (i.e., frequently a six-year range) for an investigation without fully assessing the origins of financial transactions that contribute to an ultimate tax loss.

 

Untimely certifications, missed or incorrectly billed Change of Therapy documentation, or a lack of documentation supporting a signed physician order for skilled therapy are among the top reasons Medicare claims denials are hitting facilities.

 

Attracting and retaining top talent is an ongoing challenge for public accounting firms, particularly at the senior accountant/manager level.

 

Investors often say it's wise to pick a company based on the people who run it: Management, they say, matters as much as anything else. Track records talk. So wouldn't it be nice, then, if you could invest directly in top executives?

 

Identity thieves have stolen more than $107 billion in the past six years, with $16 billion stolen in 2016 alone, according to the 2017 Identity Fraud Study released by Javelin Strategy and Research.

 

The IPO uptick is generating business for big accounting and legal firms as well as investment banks.

 

But they included taxes such as Social Security and Medicare, which typically aren’t considered part of the effective tax rate, said accountant Joseph J. Perry, a partner at the firm Marcum LLP in Melville.

 

The 9-to-5 office job may be on its last legs. Cause of death? Flexible hours, the gig economy and the rise of working from home. About 24 percent of employed people did some or all of their work at home in 2015, according to the American Time Use Survey (ATUS) from the Bureau of Labor Statistics.

 

Advisory Director Key Coleman was interviewed by AM Best TV during Philly I-Day 2017, regarding corporate liability for climate change and related directors and officers insurance claims.

 

You've finished your 2016 taxes and all the accompanying financial papers that went with it. So this is a good time to shred or trash the records you don't need and, while you're at it, others taking up space. But which financial records do you absolutely need to keep and which can you toss?

 

2016 was a remarkable year for many reasons. On the cybersecurity front, there was a marked increase from 2015 in reported cyberattacks and data breaches in the United States.

 

Amazon is building a bigger presence in California in July. It announced that it would open a fulfillment center in Sacramento. The compound will serve as the company's 10th fulfillment center in California.

 

David Bukzin discusses the origins and mission of the Marcum MicroCap Conference and the outlook on public financings in the coming year.

 

The Pennsylvania Department of Revenue has revised a controversial letter ruling on computer software support, dialing back guidance in an earlier version that implied training and consulting services could be taxed.

 

The demise of mall-based retail brands started in 2008, when the economic downturn claimed 20 major retail bankruptcies in a single year.

 

Jeffrey Weiner, Managing Partner of Marcum LLP, talks about building a leading accounting practice from 20 to 1,500 people and producing the Bourne Legacy franchise.

 

During his successful campaign, President Trump announced that his administration would launch a $1 trillion infrastructure-led stimulus package to be implemented over the course of 10 years.

 

Annual financial results are in from all of the Seattle-area's publicly traded retailers, and they offer a clearer picture of what brick-and-mortar retailers are facing across the country.

 

According to a report from accounting advisory firm Marcum LLP, there were 105,000 construction hirings between September 2016 and January 2017.

 

There are 26 square feet of retail for every man, woman and child in the United States, according to a statistic quoted by Robin Lewis, chief executive and editorial director of The Robin Report, a platform covering retail.

 

Here's a way for boomers to share the wealth with their children and grandkids: Cover the cost of preschool and shake off gift taxes to boot.

 

The burning of fossil fuels produces CO2 and other so-called greenhouse gases (GHGs) that scientists have linked to global warming and other changes in the Earth's climate. In just the last year, so-called carbon extractors and heavy users of fossil fuels have come under heightened scrutiny.

 

 

The first big tax cut moving through Congress under President Donald Trump would likely benefit the president himself, potentially saving him millions of dollars in taxes on his rental income next year and even more money on other income if he wins a second term.

 

The 2016 analysis by Marcum’s Construction Services Group identifies a significant uptick in construction employment trends in the final months of last year, which has continued into 2017.

 

Jeff Vinik's investing skills have faded from view since he unwound his hedge fund in 2013, but they are still getting lots of use.

 

Audits is one of the ones that generates income, so from a business perspective, this is one area where you think you would put more resources because it would yield more money for the government.

 

As millions of Americans file their income tax returns, their chances of getting audited by the IRS have rarely been so low.

 

No matter how smart you think you are about your money, at some point you will need to entrust someone else with some aspect of your finances.

 

Some Morgan Stanley wealth management customers are getting news in the mail this week: They underpaid - or in some cases, overpaid - their taxes for several years because of incorrect information the firm provided to them about their investments.

 

This article covers recent developments in the area of individual taxation, including cases involving trade or business expenses; proposed regulations on the Sec. 83(b) election; IRS acquiescence in a case involving mortgage deductions; and a taxpayer-friendly ruling on unforeseen circumstances and the sale of a principal residence.

 

You'd think being producer of the massively successful Jason Bourne series would be enough. But amazingly, Weiner also has a "day job"--as managing partner of one of the most successful accounting firms in the world.

 

The new payroll tax offset, effective as of 2016, allows companies to receive a benefit for research activities regardless of profitability.

 

Marcum's Workplace Security & Investigations practice is a specialized service niche within the firm's nationally recognized Advisory Services Practice group.

 

Perry has considerable experience with individual and corporate taxation, accounting for income taxes, compensation, and mergers and acquisitions.

 

The department seems to be taking standard language from software industry maintenance contracts "and stretching that out to items that were clearly not taxable in the past and pulling those in."

 

Karen Connair, a CPA with Marcum in Irvine, Calif., recently helped a California mortgage lender who set up an office in Nevada and became a Nevada resident reduce a good chunk of his tax liability, despite having to source some of his S corporation income back to California.

 

Diane Giordano, a tax partner at Marcum LLP in Melville, thinks Section 179 won't face the chopping block due to its popularity and the fact that it gives businesses an incentive to purchase equipment.

 

February is often considered a month of love because Valentine's Day falls on the 14th.

 

The survey concludes owners are optimistic about selling and exiting their businesses, but ill-prepared to do so. Proper planning is needed to optimize sale price and ensure transaction value meets exit needs for life after sale, the firms conducting the report said.

 

 

Internal controls stem from the idea that no one individual should have complete control over a given transaction process and that there should be proper segregation of duties among individuals involved in every process.

 

A contracting business is a living, breathing organism that needs to be fed. If unhealthy, that organism will put tight constraints on a contractor's ability not only to grow, but also to make payroll and fund projects.

 

Michael Balter, partner-in-charge of Marcum LLP's Southeast Region, has been named a 2017 Top 100 Power Leader by South Florida Business Journal.

 

The construction spending outlook for 2017 has improved with the election. Economists, pundits, and most of the United States have been puzzling over what the election results from this past November will mean for the country, both in terms of public policy and economic performance. President Donald Trump has indicated that he plans to slash corporate and personal income taxes, renegotiate trade deals with U.S. partners, end commitments to follow certain environmental rules, follow through with his promises on immigration reform, partially deregulate banking, and make it easier to tap into U.S. oil and natural gas reserves. He's also promised an infrastructure-led stimulus package and significant reforms to U.S. health insurance setup.

 

Seemingly, every day there is another news story about a company being hacked and money or sensitive data being stolen.

 

Cash is essential to running day-to-day operations and improving a company’s financial position when presented to banks and other creditors, so contractors continue to search for ways to keep cash available.

 

It was junior year in high school when Natalie Verbanac, CPA, Partner at Marcum LLP, and secretary of the NYSSCPA, Nassau Chapter, discovered her love of accounting.

 

There's a revolution brewing in public accounting, with big data poised to transform many aspects of how CPA firms do business and service their clients.

 

As public accounting firms continue to struggle to retain and advance women professionals, many are providing increased flexibility and launching initiatives to help them achieve their diversity goals.

 

It's that time of year again, and just like birthdays (but much less fun), annual budgeting is back on the calendar.

 

The essential records to be safeguarded in the event of an actual disaster are by their nature limited in volume and must be the key items you need in the event you are adversely affected.

 

The retail and consumer products industry is facing tremendous challenges, with fewer and fewer brick-and-mortar stores in operation and ceaseless pressure on discounted sales and with low margins for both retailers and manufacturers.

 

On Feb. 25, 2016, the Financial Accounting Standards Board issued its long-awaited standard on lease accounting.

 

 
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