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While there is some dispute about who uttered the famous encouragement to business leaders to "Do well by doing good," there's no debate about its legitimacy and relevance in American business. You'd be hard-pressed to find a business, whether an international conglomerate or a local dry cleaner, that doesn't commit to giving something back to its community. Sometimes, it may be vast sums of money and sometimes it is a dozen little league jerseys - either way, corporate giving is a part of the American business culture for good.

Holiday shoppers were back in force Friday, clutching gift cards, searching for deals, returning unwanted presents and feeling pretty good about the year ahead.


For Michael Balter, accounting is as much about people as balance sheets.

He has spent much of the past month - his first at Marcum LLP - just listening to what the firm's employees had to say. Over the course of his career, he has found that the right blend of hospitality and psychology adds up to a full-service approach to accounting.


Health care insurers in Florida may have more customers after Jan. 6., when same-sex marriages could become legal in the state.


Despite an early start, sales data provided to The Associated Press shows that stores may once again have to rely on procrastinators to save the holiday shopping season.


In the few days left between now and year-end, when you're buying last-minute holiday gifts and making New Year's plans, you'll want to review your investment portfolio and figure out what to sell.


Last Friday, the U.S. House of Representatives pulled a fast one. They approved a bill allowing several tax incentives that had expired at the end of 2013 to be extended through December 31 of this year. Although there is no certainty, it is likely that the bill will get final approval by the Senate and the President for 2014, and there is also broad consensus that the incentives will be extended into the future.


Our business principally consists of auditing Chinese companies that are publicly traded on U.S. exchanges and U.S. companies with operations in China. But we also perform due diligence for investors and companies looking to invest in China. And we have recently begun assisting more Chinese investors to make investments here in the U.S., for instance, with immigration matters relating to the EB-5 program. This is a trend that is growing very fast.


Abercrombie & Fitch Co. (ANF), a former purveyor of safari gear that was reborn as a teen-clothing chain, is searching for its next incarnation.


Since the Supreme Court struck down the Defense of Marriage Act last year, gay spouses in states that have legalized such unions are now entitled to the same federal benefits as heterosexual married couples.


Books aren't the only thing self-published writers can write. Everything from printer paper to paper clips is a potential tax write-off. The trick is staying on top of expenses and knowing where to draw the line.


Accounting firm Marcum LLP has released its annual Year-End Tax Guide for the national accounting and advisory firm's clients and others.


New York-based Marcum LLP (FY13 net revenue of $350.2 million) has admitted Philip Wilson as PIC of the California region.�In this newly created role, Wilson is responsible for overseeing all client services and business operations in Marcum's California offices and for the firm's business development and regional expansion statewide.


Wealth advisors need to become more comfortable in the private investment space, the audience at PAM's latest breakfast briefing heard from a panel of four experts.


Lines at some stores began forming early Thursday as consumers eschewed Thanksgiving dinner with an eye toward wolfing down discounted merchandise at any of approximately two dozen chains that were opening at some point during the holiday. On Friday, shoppers continued to stream into stores as retailers rolled out fresh deals to keep the momentum up through the Thanksgiving weekend.


New York-based Marcum LLP (FY13 net revenue of $350.2 billion) has admitted Tracy Curley as an assurance services partner in the Boston office.


Discounters and mid-priced chains, eager to gain an edge on competitors for limited gift budgets, have again moved their opening times earlier into Turkey Day, with Kmart leading the pack by launching specials at 6 a.m. Higher-end retailers, however, are keeping their doors firmly shut until Friday


One way to take the pulse on a region's economy is to talk to an accountant with a big book of business.


Michael Balter, CPA, has joined national accounting firm Marcum LLP as Partner-in-Charge of its Florida Region. He additionally serves as Partner-in-Charge of Assurance Services for the Florida Region and also has joined the Firm's Executive Committee.


Michael Balter has joined Marcum LLP as partner-in-charge of the firm's Florida Region. He additionally serves as partner-in-charge of Assurance Services for the Florida Region and also has joined the firm's executive committee.


Michael Balter has been admitted to New York-based Marcum LLP (FY13 net revenue of $350.2 million) as PIC of its Florida Region. He additionally serves as PIC of assurance services for the Florida Region and also has joined the firm's executive committee.


Marcum LLP, one of the nation's largest independent public accounting and advisory services firms, named a new partner in charge of its Florida region.


Eddie Bauer's outwear is meant for active enthusiasts to pursue the great, open outdoors. But the company's future growth may rest on the shoulders of urban dwellers.


When game companies change their assumptions it can skew their short-term results. Some virtual goods, like potions and spells, are good for a single use, and are accounted for as a one-time sale.


Anthony Delfiner has joined the Philadelphia office of Marcum LLP as a Tax & Business Services Partner.

Delfiner specializes in providing integrated planning, compliance and consulting services to high net worth individuals and their closely held businesses.


In May 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its update to the integrated framework for internal controls, its first update since the framework was originally issued in 1992. Although the original framework remains the foundation for evaluating internal controls, the 2013 update—which must be implemented by Dec. 15, 2014—adds key principles that will affect how companies and their auditors apply the COSO's integrated framework.


During the divorce trial of oil baron Harold Hamm and wife Sue Ann, an unusual relationship took shape in the Oklahoma courtroom as the marriage was being dismantled.


It's about attracting and retaining good talent. You give people a platform to work in where they can really excel, and you let them do their thing. You create an environment where people can be successful.


While expert, informed number-crunching will always be the professional accountant's hallmark, the expiration of certain business-related tax breaks - and the possibility that some may be renewed - are making it difficult for accountants to make tax-planning decisions and otherwise advise clients.


The Internal Revenue Service (IRS) issued guidance explaining the circumstances in which it will not challenge partnership allocations to its partners under 47, rehabilitation tax credits. Rev. Proc. 2014-12, 2014-3 I.R.B. 415, establishes the requirements of a safe harbor. According to the Rev. Proc., if the partnership follows the guidelines of the safe harbor, the IRS will not challenge the allocations of the 47 credit.


If you've been the victim of a security breach, there's good news. Many retailers whose databases have been hacked are offering credit monitoring or identity protection services to affected customers.


The Editor interviews John L. Heller, Director in the Advisory Services Division of Marcum LLP and resident in the firm's Fort Lauderdale, Florida office.


News of President Obama's executive order mandating use of pin-and-chip technology in credit cards used by federal workers and in debit cards used to allocate government benefits such as Social Security was applauded by retailers, who say it will spur adoption in the private sector.


For a long time in the United States, the lesbian, gay, bisexual, and transgender, or LGBT, community has fought for equal rights - and lost. Sure, there were victories here and there, but there were also many setbacks.


As litigators, you are experts in trying cases. You intuitively know the difference between a motion to dismiss and one for summary judgment. You understand why you need to move for a directed verdict to protect the right to move for judgment non obstante veredicto. You are skilled in the chess match that is typical in litigation�who makes a good witness; how to present your client's story; in short, what it takes to move the fact-finder.


Marvin Ellison has his work cut out for him, needing to re-think everything from store-count to merchandising. After a year-long search, J.C. Penney finally named a new CEO on Monday: Marvin Ellison, the executive in charge of Home Depot's U.S. stores.


2013 saw 19 REIT IPOs raising $5.7 billion in capital, including the high-publicity Empire State Building IPO, which raised $930 million.

How did the Empire State Building REIT (Empire State Realty Trust; NYSE Ticker: ESRT) get to market?


Heather Bearfield, group leader for National Technology Assurances Services Practice at Marcum LLP, joined NECN to answer just that. She also shared some valuable data protection tips.


Connecticut's reimbursement rate for its neediest nursing-home patients on Medicaid has risen just 1.2 percent in the seven years since the last increase of 2.9 percent in 2007.


Heather Bearfield, group leader for National Technology Assurances Services Practice at Marcum LLP, joined Bloomberg Radio's The Hays Advantage to discuss the cyberattack on JP Morgan Chase & Co.


The Marcum Tech Top 40 honors companies in software, Internet and telecom, energy, life sciences and advanced manufacturing who are headquartered in Connecticut. Companies disclose sales figures to the Connecticut Technology Council, and if they had at least $50,000 in revenue in 2009 and at least $3 million in 2013, they're eligible for the honors.


Saving taxes tends to drive most discussions between advisors and clients, but enhancing asset performance and principal protection are also worthy of consideration. By maximizing asset-class entities' and equities' performance as well as reviewing the applicability of making Section 1031 elections and using cost segregation, advice in these areas help clients achieve additional economic benefits they might not have considered on their own.


OK, so maybe the idea that your precious banking information is freely floating around on the Internet for anyone to see is a bit of an exaggeration. But only just.


The IRS released Chief Counsel Memorandum CCA 201436049 on September 5, 2014 which provides guidance on the treatment of the exemption from self-employment tax under Section 1402(a)(13) of the Internal Revenue Code for a limited partner's share of profits.


The divorce trial of one of America's wealthiest men, oil baron Harold Hamm, plays out mostly in secret here at the Oklahoma County Courthouse. For weeks, signs have been taped to the door of Courtroom 121. CLOSED HEARING, one reads. The other: DO NOT ENTER.


The Alibaba Group IPO has all of Wall Street enthralled as the company hits the New York Stock Exchange. Little wonder, as this is a company of superlatives.


Jeffrey Zudeck has joined Marcum LLP as partner-in-charge of the firm's Philadelphia region.


The Mark Sanford divorce saga has gone back behind closed doors: After a surge of attention to the South Carolina congressman's rambling Facebook post on Friday about his private life, a family-court judge said today that Mr. Sanford and his ex-wife, Jenny, have agreed to mediation on parenting issues and other concerns.


No one goes into a merger or acquisition planning for it to fail, but there's no guarantee that any M7A transaction will succeed. Undertaking a successful merger or acquisition doesn't necessarily mean that it raises the company's production or increases its revenue. Sometimes the success of a merger comes from the ease of the transition, the combination of two cultures and even unforeseen benefits that many CEOs may not have thought of. Setting up for success relies heavily on the knowledge acquired and preparation done beforehand.


New York-based Marcum LLP (FY13 net revenue of $350.2 million) named two new partners. Anson Augustine and John Klenner are now assurance partners in the firm's New York City office. The appointments became effective Sept. 2.


Jeffrey Zudeck, CFO for investment banking firm Fundamental Holdings Ltd., has joined New York-based Marcum (FY13 net revenue of $350.2 million) as PIC of its Philadelphia regional offices. He will replace David Glusman, who has managed the firm's Philadelphia area operations since 2009.


Jeffrey D. Zudeck, chief financial officer for investment banking firm Fundamental Holdings Ltd., has joined Marcum as partner-in-charge of its Philadelphia regional offices. He will replace David Glusman, who has managed the New York firm's Philadelphia area operations ever since it acquired 70-person Bala Cynwyd-based Margolis & Co. in 2009.


Retailers like Macy's, Gap, and Abercrombie & Fitch predictably trumpet their Labor Day discounts. But who exactly listens?


New York-based Marcum LLP (FY13 net revenue of $350.2 million) announced the formation of a joint venture with Tony Robbins, a performance, life and business turn-around expert.


Marcum LLP has embarked on a joint venture with motivational speaker Tony Robbins to offer CFO-like services to small and midsize businesses.


No matter what your situation, there's no time like the present to make an estate plan. Whether you have young children, are retired, or have concerns about your health, it's important to make sure that your medical and financial wishes are honored now and in the future.


When a spouse inherits an IRA (Traditional or Roth) from their deceased husband or wife, there are several planning strategies that the surviving spouse can follow in order to meet their specific needs.


The verdict is still out on back-to-school sales, causing retailers' to hold their collective breaths.


It is simple; our failure to exercise proper due diligence in selecting an investment manager can have severe consequences that go well beyond choosing the wrong car.


Sales of basketball and running sneakers continued to bolster Foot Locker's results, with demand from those that use the gear to play those sports and others that just like the look.


A recent announcement by Independence Blue Cross (IBC) emphasizes the importance of hospitals and doctors continuing to develop win-win mechanisms for working together in response to payment reforms and quality initiatives that affect the future for both of them. In July IBC announced that its accountable care organization (ACO) payment model has been accepted by more than 90% of the healthcare systems in the region. Under its program, IBC provides incentive payments if hospitals achieve cost reductions and quality improvements. An essential element of the program is that the hospitals are required to share incentive payments with physicians.


For the entrepreneur business owner, succession and transition planning is not only a complex proposition but also a difficult challenge. Deciding who will succeed the current generation in running the business, while also maximizing and preserving the value of the company built over years, requires careful deliberation and forethought. For the business seller, this can be the transaction of a lifetime.


For millions of Americans, August is a month for relaxing and basking in the summer sunlight. Those are the people without children.

The households with students are likely to be scurrying around under the bright florescent lights of big-box stores, searching for back-to-school bargains on clothes, shoes, notebooks, backpacks, computers and dorm furniture.


The fastest growing technology companies in Connecticut have been named in the Marcum Tech Top 40, announced Thursday by the Connecticut Technology Council and Marcum LLP.


Well it's finally here. After many years, many changes and much speculation, on May 28, 2014, the Financial Accounting Standards Board and the International Accounting Standards Board issued their converged standards on revenue recognition.


Neil Prasad has been named partner-in-charge of the Los Angeles office of the New York-based accounting and advisory services firm Marcum LLP.


Owners of construction companies and other businesses stand to benefit - potentially significantly - from a recent decision by the U.S. Tax Court, which handed an important victory to taxpayers in the Frank Aragona Trust case. While the case directly dealt with whether a trust could qualify as a real estate professional, it has much broader applications and effectively provides a blueprint for avoiding the net investment income tax on business income held in trust.


Any momentum garnered during the final six months of 2013 was stymied by the brutal winter of 2013-14. According to the third estimate from the Bureau of Economic Analysis, the U.S. economy shrank at a 2.9 percent pace during the year's initial quarter. The harsh winter and a decline in private inventories are primarily to blame for the dismal first quarter growth. Thankfully, most economic indicators suggest that both consumer spending and total production have already rebounded from their sluggish first quarter pace.


More than 9,300 competitors and 12,000 total participants from 217 companies attended the run-walk for charity at Jones Beach State Park.


The Marcum Workplace Challenge is a 3.5 mile run/walk taking place on Tuesday, July 29th at Jones Beach State Park.


Marcum's convenient location - also about a block south of Exit 49 - allows it to showcase its office for all manner of business events, including continuing professional education courses, seminars, client conferences, industry meetings and nonprofit events.


Among large firms, Marcum LLP tied for the most new Securities and Exchange Commission audit clients in the second quarter of 2014.


At first blush, your question goes to show that LGBT people can be just as petty, small-minded, and entitled� as our heterosexual friends and relatives.


The Marcum Workplace Challenge began in 2005 when Marcum, a public accounting firm, took over the JPMorgan Corporate Challenge after the company decided to drop the Long Island race. That event continues in Central Park.


As Long Island's largest accounting firm, Marcum partners and senior staff were interviewed by CBS2 News about the Firm's contingency plans for the looming Long Island Railroad strike.


Today's financial world puts a great emphasis on meeting targets. From the perspective of those who run businesses and their employees, it can mean the difference between a large bonus or being let go. From a stockholder's perspective, it could mean the difference between selling or holding a stake in a company.


In early May, the California State Teachers' Retirement System (CalSTRS) announced that it would vote against four of the five directors on Bank of America's (BAC) audit committee and the reappointment of its auditor.


Revenue typically drives the success of most businesses, as it is a means of generating profits and increasing equity. For this reason, attaining proper revenue recognition is paramount.


It has been about a year since the U.S. Supreme Court overturned the Defense of Marriage Act, or DOMA, voiding the federal definition of marriage as an institution pertaining exclusively to a man and a woman.


Nanette Lee Miller discussed how personal finances are figuring into the landscape for same-sex marriages and their influence in marital decisions.


It's been one year since the Supreme Court ruled the Defense of Marriage Act (DOMA) unconstitutional, and for Holly Kylen, a Voya retirement coach and financial planner, it's been "an amazing year" both personally and professionally.


It's been one year since the Supreme Court's monumental ruling on same-sex marriage, and many couples have already seen their lives change dramatically.


As the economy experiences its climbs and dips, the Los Angeles Business Journal has once again turned to some of the leading accountants in the region to get their assessments regarding the current state of business accounting and the various trends that they have been observing, and in some cases, driving.


This installment of Executive Leaders Radio was broadcast on June 24, 2014


Television ads for Start-Up NY, New York State's small-business incentive program, portray a government eager to suspend taxes for new business as an investment in the future. The program's website is even more encouraging, describing how "businesses can operate 100 percent tax-free for 10 years" by setting up near college campuses and other large-scale R&D facilities, with "no income tax, business, corporate, state or local taxes, sales and property taxes, or franchise fees."


The federal Research and Development Tax Credit is an incentive program providing taxpayers a dollar-for-dollar reduction of their tax liability; in effect, the Internal Revenue Service is helping to pay taxes for companies that qualify for the credit. While many companies take advantage of the R&D credit, most taxpayers don't realize it can be claimed by businesses in many industries, most likely including yours.


Same-sex couples can now get married in Pennsylvania, Oregon and Illinois and that has important implications for their 2014 state income tax returns.


Since the Defense of Marriage Act was effectively nullified by the U.S. Supreme Court in June 2013, same-sex couples have been rushing to the altar. In striking down the traditional definition of marriage as a union between a man and a woman, the court made it easier for more non-traditional families to take their vows.


Q&A talks about the challenges facing the long-term care industry with Marcum LLP's Matthew S. Bavolack, principal and national healthcare practice group leader and Frank J. Miceli, partner and New England healthcare practice group leader.


Now that the federal courts have ruled that Pennsylvania's ban on same-sex marriages is unconstitutional, and Governor Corbett has announced that the Commonwealth of Pennsylvania will not appeal the ruling, it is an appropriate time to consider the gains and losses, pluses and minuses, and financial planning challenges for LGBT and other non-traditional couples.


MicroCap companies used to be the domain of a subset of investors and corporate advisors. Now, as IPOs reach record breaking levels and quality companies are harder for investors to find, MicroCap is heating up. Attendees at the Marcum MicroCap Conference held last week in New York ranged from hedge funds to private equity to family offices and even a few institutions all hunting for new opportunities.


With the market driving higher into record levels, the demand for new opportunities has contributed to the robust performance of the small and microcap market. Among the investment community, there's a palpable thirst for innovation and new industries to propel growth, and in order to achieve that, it is critical that the small and microcap market be nurtured to encourage new technologies that will help generate sustainable economic activity.


After years of painstaking battles, the government is about to lift the ban on securities crowdfunding for startups. But this may not be the big breakthrough the crowd was cheering for.


Executives at some of the top U.S. retailers have leaned on a familiar scapegoat as they unpack why first-quarter sales have broadly missed Wall Street's expectations: bad weather.

And how many times have they complained about the weather this quarter? A lot, according to an analysis of their conference calls.


The Marcum Commercial Construction Index for the first quarter of 2014 shows that extreme winter weather conditions suppressed nonresidential construction activity during the period, with spending declines in all three months of the period. The index predicts a return to expansion during the remainder of the year, however.


Experts from the Philadelphia LGBT practice of Marcum LLP advise that Tuesday's court ruling overturning the ban on same-sex marriage in Pennsylvania opens up important planning opportunities for these families. Marcum is the first national accounting firm with a practice dedicated to tax and estate planning for same-sex couples.


The "Right of Publicity" is in the news again, this time in regards to the high-profile "image and likeness" asset of Michael Jackson. One of the issues at hand is the valuation of the Estate of Michael Jackson's rights to the intellectual property related to Michael Jackson's image and likeness.


Long Island's running community is lacing up for its most competitive – and lucrative – time of the year.

With prime-time seasonal sales on the line and a flurry of competitive relays on the calendar, athletic-mind businesses are looking to lap the competition. Even nonprofits, many of which raise funds through mini-marathons, stand to run up healthy revenues.


Long Island Partner-in-Charge Carolyn Mazzenga was the featured expert on Long Island Business News' weekly Finance Page. Carolyn was asked to describe the current business environment for Marcum's clients.


The IRS is warning taxpayers that grifters may be filing for, and actually getting their hands on, other people's refunds.


What is going through the mind of a small- or middle-market company's C-level executive exploring how to grow his or her company through an acquisition? The answer is typically centered around how best to achieve the greatest return to the shareholders on the company's investment in the enterprise being acquired.


A proposed state law would require that employers grant sick pay, but it also encourages lawsuits over the issue. So the Business Journal asks:


The American Institue of Certified Public Accountants launched a new mentoring program in March, as many accounting firms look to grow their forensic practices.


Orange County's diverse business landscape is "helping create the wave" that could make 2014 the biggest year for mergers and acquisitions here and nationally in more than a decade.


As it seeks to grow its healthcare practice and services, Marcum has launched a private health insurance exchange.

The Melville-based accounting firm's affiliate, Marcum Financial Services, created the Marcum Benefits Marketplace, a private health insurance exchange for employers, employees and even individuals. Marcum is using the exchange, which went live on March 15 and is open to clients and the public at large, as another tool to attract business.


Marcum Financial Services, an affiliate of Top 100 Firm Marcum LLP has launched a resource for health insurance delivery for groups and individuals.

The Marcum Benefits Marketplace is designed to facilitate the selection, enrollment and administration of health insurance as well as other benefits for small and middle-market businesses. Geared for employers with 1,000 or fewer employees, the exchange also offers a prescription discount program, dental insurance and travel insurance.


Businesses, groups and individuals looking for health insurance and information now have a new resource, courtesy of the accounting firm Marcum LLP. The firm's affiliate, Marcum Financial Services, which is also a member of the Marcum Group of companies, has launched the Marcum Benefits Marketplace, a one-stop resource for health insurance delivery for groups and individuals.


When the Heartbleed security bug was revealed last week, IT departments across almost every industry scurried to secure their infrastructure. Frighteningly, the bug, which potentially exposed customer data for more than two years, is undetectable.


As millions of Americans race to meet Tuesday's tax deadline, their chances of getting audited are lower than they have been in years.


The jump in federal tax rates that kicked in last year is causing sticker shock for many higher earners this tax season.


If you're in a relationship with someone who is dependent on you financially, you might be able to claim them as a tax break.


For centuries, ships have signaled messages of distress to each other through colored flags arranged in specific positions. Your business may be sending you signals of distress, including catastrophic employee dishonesty. If you can read the signs, you can head off disaster, but first you need to be able to recognize the red flags of fraud.


Filing taxes isn't easy for anybody, but it can especially be daunting for millennials, who have less practice with the annual tradition, often undergo life transitions that impact their filing status and are frequently eligible for many of the constantly-changing array of tax deductions and credits. U.S. News sought out a handful of top experts to help 20-somethings navigate the process and leave as much money in their bank accounts as possible. Here are a dozen of their suggestions.


At the end of the day, any business is worth what someone else is willing to pay for it. Generally, two valuation approaches dictate the range of value for a business. First, the income approach is generally based on the cash flow of the business.


Many legally married gay and lesbian couples are delighted by the change in federal income tax rules that treats them like other married couples. But state-by-state rules continue to create tax-time turmoil.


Same-sex couples who are legally married in states that recognize their marriages - including New York - now have the same federal tax benefits that in past were only available to heterosexual married couples.


Today's ruling by the federal government granting full federal recognition to the same-sex marriages performed last week in the State of Michigan carries important tax and estate-planning consequences for those new families, according to LGBT tax experts at Marcum LLP.


How has the use of technology impacted how your clients run their international businesses - are they willing to make the investment in this economy?Alan Griffith from Marcum: Spurred by the information technology (IT) revolution, trade liberalization and other economic reforms, the size of the global economy doubled. Technological changes have reduced the costs of communication and transportation, and a reduction of trade barriers. Businesses going international must make the investment in technology or be left behind.


Studies have linked workplace-based sporting activities to better teamwork, higher morale, increased corporate loyalty and, as a result, heightened production. Many organizations have even seen rosier bottom lines thanks to work-related sports, especially when the activities involve other businesses.


Things are looking up in Central Falls, the first city in state history to be declared bankrupt in federal court.


Married same-sex couples this year will file their U.S. income tax returns just like heterosexual married couples because of the Supreme Court's decision in June to strike down key parts of the Defense of Marriage Act.


Marcum LLP advanced to #15 in the 2014 Accounting Today Top 100 Firms survey, up from #16 last year.


Medical malpractice claims raise a variety of economic issues. In addition to fully understanding the medical and liability issues involved in the prospective matter, counsel for both the plaintiff and the defendant need to fully explore and document the economic claims.


I only made $2,787 this year working 4 months at a retail store. Am I required to file my taxes? Not only that, but my mother claimed me when filing her taxes. I'm 19


Wealth management firms know that Rob Babek, a partner in charge of accounting firm Marcum's Century City office, keeps the books for some of the richest families in Los Angeles.


Joseph Perry, Firmwide Partner-in-Charge of Tax & Business Services, discusses some of the red flags that can trigger an audit, with Fox Business' Gerri Willis.


AOL's recent attempt to make matching contributions to its employees' 401(k) plans in one annual lump sum sparked plenty of employee backlash.

Although AOL ultimately reversed the change, several major companies – including IBM and JPMorgan Chase – pay their matching funds once a year, rather than through regular payroll checks. And as evidenced by AOL, more companies are considering this cost-saving measure.


The April 15 tax deadline is closing in. Get organized now, or you may be caught in a last-minute scramble that results in mistakes and missed opportunities.


Accountant and lawyer Janis Cowhey McDonagh helps same-sex married couples, and all taxpayers, navigate 2013 tax changes.


Target Corp.'s executive ranks have suffered their first casualty since hackers stole credit card numbers and other personal data of millions of the retailer's shoppers last year.


Target Corp announced an overhaul of its information security practices and the resignation of its chief information officer as the retailer tries to reassure customers and investors after a massive data breach late last year.


The Internal Revenue Service is on the prowl - possibly for you. Thanks to improved detection systems and computerized checks, the IRS can more easily identify red flags that trigger audits, says Joseph Perry, a partner at Marcum, a public accounting firm.


Your MBA may have just got a little more expensive, even if tuition's exactly the same. Although a Masters in Business Administration is a popular means of growing income and advancing professionally, a recent tax court ruling could increase the price tags for certain students.


Job security is always relative, depending on the industry and the state of the economy. Although few sectors have seen anything close to stability during the years-long malaise that's persisted over much of the labor market since the recession officially ended in 2009.


When doing business in Florida, it's not about the taxes you pay; it's about the taxes you don't pay!

This being the case, Florida has long been a centre for new and expanding business, especially in the ‑ financial and service sectors, and has recently become the focal point for the relocation of hedge funds and private equity.


For the first time ever, married same-sex couples will be required to file federal income taxes as married, either jointly or separately, and will have the opportunity to amend their last three returns using a married filing status. For some unions, this could mean a nice refund.


A cybersecurity firm said that it uncovered stolen credentials from some 360 million accounts that are available for sale on cyber black markets, though it is unsure where they came from or what they can be used to access.


Tax season doesn't usually stir up emotions about the meaning of family and equal rights. But this year is different, at least for the tens of thousands of same-sex married couples who, for the first time, will be required to file federal income tax returns that reflect their married status. Whether couples ultimately owe more in taxes or receive big refunds, for many of them, it will provide a long-awaited sense of validation.


From finding fraud to calculating damage, forensic accountants are in great demand.


Thomas E. Finn, P.C. has merged with Marcum LLP. Thomas Finn and Ari Maunula have joined Marcum's New England region as partners.


A regulator's plan to require accounting firms to name the lead partners working on individual audits has sparked a firestorm of opposition.


Greenwich, Conn.-based accounting firm Thomas E. Finn P.C. has merged into Marcum LLP.


It's not often that something in the tax code gets easier, which makes the new simplified home office deduction noteworthy.


Researchers predict that the Andromeda Galaxy will collide with our very own Milky Way Galaxy in approximately four Billion years. When that happens, life on Earth will be eliminated for certain. "So what", you say with a smile. Well, time sneaks up on all of us and as 2013 becomes only a memory, investment managers and investors will face a tax collision of galactic proportions on their 2013 income tax returns.


There's a growing call to tap into more venture capital from local sources, as Florida startups bemoan the lack of in-state investors willing to bank on their innovative ventures.


Business valuation methods are commonly used by practitioners to assess damages in litigation, prepare for mergers and acquisitions, and properly anticipate estate planning. Valuation, however, is not just a "back of the envelope" exercise. Often times, the financial data on the books and records may not tell the entire picture. A deeper analysis is often necessary to find the explanations behind the numbers.


In addition to the joys of the ceremony, the honeymoon and setting up a household, some gay and lesbian couples in Pennsylvania will share another responsibility of marriage - filing joint taxes.


Tax-advantaged accounts, property-tax appeals, insurance discounts. They're all there for the taking - but many people don't.


Several developments related to the Affordable Care Act will be hitting many filers in the pocketbook this tax season, but they need to keep an eye on two other issues that could begin affecting millions of people next tax season.


The California Film Commission has published a glossy magazine to tout the state's locations as part of its battle to stem the loss of entertainment production.


Reaction to the Internal Revenue Service's recent announcement that it would extend the filing deadline for claiming portability was roundly applauded by practitioners, who said it will give those who missed the deadline more time to file the form and claim a decedent's unused estate tax exclusion amount.


Marcum LLP's Philadelphia Director of Business Development, Jules M. Seshens, was invited to present the features, benefits, and incentives of the Research & Development Tax Credit on Money Matters.


Marcum LLP, a top national accounting and advisory firm, secured more net new Securities and Exchange Commission clients in the fourth quarter of 2013 than all other national audit firms, including the Big Four. According to Audit Analytics data published today in Accounting Today, Marcum's SEC practice had a net gain of five new SEC clients for the quarter, a period during which six of the top 12 firms posted net losses or zero change in SEC engagements.


Modernizing antiquated regulations, easing financial burdens and approving new technological protocols are among the functions of new state laws targeting nonprofit organizations. As of this coming July, the New York Nonprofit Revitalization Act of 2013 will take some bold steps – including higher thresholds where mandatory audits kick in, new rules allowing board members to meet via conference call and video and overhauled conflict-of-interest and merger policies – with the ultimate goal of attracting new not-for-profit groups to New York.


"Since the Defense of Marriage Act was invalidated by the Supreme Court in June, 2013 is the first tax year same-sex married couples will be able to file joint federal tax returns," LGBT Practice national leader Nanette Lee Miller said in a statement.


Something new, exciting and a bit scary is coming this tax season for some same-sex couples across the country: For the first time, they will file as "married" on their federal return.


Marcum LLP, a top national accounting and advisory firm, today announced a merger with Braver PC, a full-service regional accounting firm with offices in Needham, MA, and Providence, RI. Effective January 1, three Braver divisions, including Accounting, Business Strategies and Valuation Services, joined Marcum.


Marcum LLP has added three divisions of Braver PC to its roster. Marcum picked up the accounting division, business strategies and valuation services from Braver. According to Marcum's spokeswoman, Braver's two remaining divisions, Braver Wealth Management and Technology Solutions, will operate independently under the Braver name.


Braver PC, a full-service regional accounting firm with offices in Needham, MA, and Providence, RI, has merged into Marcum LLP, a top national accounting and advisory firm, effective January 1. All three Braver divisions, including Accounting, Business Strategies and Valuation Services, joined Marcum.


The consolidation of the region's accounting firms continues, this time with the acquisition of Needham's Braver PC by New York-based Marcum LLP.


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.


Marcum has merged more than 100 staff and 14 partners from New England-based accounting firm Braver into its operations, expanding into Rhode Island and growing in Massachusetts.


One would expect that, in the more than 20 years since the U.S. Supreme Court's seminal decision regarding admissibility of expert witness testimony, the parameters of proving fundamental issues would no longer be fodder for preclusion motions.


If 2013 was a watershed year in the initial public offering cycle, then 2014 could see more firms eyeing the stock market.According to IPO investment advisory firm Renaissance Capital, global IPO issuance rebounded in 2013, with annual IPO proceeds increasing 37.5 percent to $137 billion. That's the largest rise in proceeds since 2004, when U.S. IPOs had annual proceeds totaling $51.9 billion. That was the year that saw Google's $1.7 billion IPO.





Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

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