Has the Smoking Gun Gone Paperless? Searching for Evidence in a Digital World

Alex Helfand, ENCE, Computer Forensic Specialist

One of the biggest trends for companies is ‘going green.’ This trend does extend beyond legitimate businesses and is now being used by more and more criminals. It is a nice gesture on their part, especially from a Digital Forensics standpoint.  According to the FBI, crime rates in America have been declining, and are actually lower than before the recession. However, the FBI has seen cases involving removable media double in the last year […]

February 7, 2011 Accounting, Forensic Accounting Read more...

PROGRESS ON REPEAL OF EXPANDED 1099 REPORTING

Brian Wynne, CPA

Last Wednesday, the Senate voted 81-17 in favor of an amendment to roll back the expanded 1099 reporting provisions passed as part of the healthcare bill.  The expanded provisions are currently scheduled to take effect after 2011 and would add payments of goods to the list of items that must be reported on Form 1099. The healthcare bill also expands reporting to include payments to corporations (who were previously exempt from the reporting requirements).  Included as a […]

February 7, 2011 Accounting, Tax Read more...

THE RESIDENTIAL ENERGY PROPERTY CREDIT FOR 2011

Glenn Bailey, CPA

Still there, but not as good as it once was.

The non-business energy property credit available to homeowners has been extended for 1 year, but it is not as generous as it was for 2009-10.  The credit is now allowed for 10% of eligible expenditures for qualified energy efficiency improvements to your principal residence in the U.S.

For 2011 the total credit available is $500, only $200 of which can be for new windows.  In addition it is […]

February 1, 2011 Accounting, Tax Read more...

Bond Beebe Employees Begin Tax Season Walking Challeneg

Bond Beebe, a certified public accounting and advisory firm with offices in Bethesda, Maryland and Alexandria, Virginia, announced today the kick-off of their first-ever Bond Beebe Tax Season Walking Challenge.  Covering the traditional tax season of January 31 to April 15, all Bond Beebe employees and Partners will be assigned to one of six teams, given a pedometer to wear at both work and home, and are encouraged to incorporate as much walking as possible into their daily routine […]

January 31, 2011 Firm News & Events Read more...

Providing Expert Witness Testimony for a Payroll Litigation

Posting by Phil Vivirito

I recently provided expert witness testimony for a multi-employer benefit fund. It was a non-jury trial in Federal Court. I was admitted as an expert in payroll auditing.

In this case the employer , who was the defendant, was taking the position that the payroll audit completed by the funds’ accountant is an agreed upon procedures report and as such failed to meet the requirements set forth by the AICPA as an agreed upon procedures report. The […]

January 28, 2011 Payroll Audit Read more...

IT’S ALL ABOUT TIMING

Kelly Lopez, CPA

In recent years significant tax legislation has passed in order to stimulate our slow economy.  While this translates into additional tax deductions and credits for many taxpayers, keeping track of these benefits and the years they apply to can be challenging. Knowing if and when you can take a deduction will save you future headaches with the IRS.  It can also be a great tool for financial planning.  We have compiled a list of the most common […]

January 27, 2011 Accounting, Tax Read more...

Five Bond Beebe Professionals Pass CPA Exam

Bond Beebe, a certified public accounting and advisory firm with offices in Bethesda, Maryland and Alexandria, Virginia, is pleased to announce that five professionals from the firm recently passed the Certified Public Accounting (CPA) exam: Jennifer Hohman, Chuck Creigh, Jobe Dupre, Josh Smith and Tara McKinney.  In addition, these individuals have met the educational, experience and ethical requirements for CPA Licensing.

Hohman, Senior Auditor, is a 2004 graduate of Kutztown University of Pennsylvania with a B.A. in Accounting.  Creigh, also […]

January 27, 2011 Firm News & Events, Uncategorized Read more...

WHAT YOU NEED TO KNOW ABOUT 1099 REPORTING

What you need to know about the new 1099 Reporting
For 2010, all persons engaged in a trade or business who make certain payments in the course of that trade or business of $600 or more in any tax year to another person must report that information to that person and to the IRS.  A taxpayer whose rental real estate activity was not considered a trade or business wasn’t subject to this reporting requirement, (that distinction has changed for 2011).

Beginning in […]

January 19, 2011 Accounting, Tax Read more...

Family Businesses Meeting With Each Other: An Offer You Can’t Refuse

It is standard practice to research the competition before deciding to start a business, and during the existence of the business.  The reasons are legion: ensuring there is a need for the existence of your business; finding out what your product/service differentiators are; assistance in setting a price point; making use of good tools (or employees!) that are already out there; avoiding the pitfalls someone else became a victim to before; and many more.

This interest in the competition remains […]

January 13, 2011 Family Owned Businesses, Human Resources Read more...

What a Lawyer Should Look for in a Forensic Accounting Expert Witness (Part 3 of 3)

Natalie Burchfiel, CPA

Part 1 of this article on forensic accounting expert witnesses covered why a legal team would want or need to use an expert witness and Part 2  reviewed the specific focuses a witness may bring to the table, and the differences between testifying and non-testifying experts.  Our series concludes with a look at the many skills and special qualities a forensic accounting expert witness may possess that will aid in reaching a successful outcome to a case.

Traits of […]

January 6, 2011 Accounting, Forensic Accounting Read more...