Mathisen & Co., CPA, P.C.

Mathisen & Co., CPA, P.C.
Taxation - Small Business Accounting - Nonprofit Accounting

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News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Jackpot! Ten Pieces of Financial Advice for New Powerball Winner

Posted: Wed May 22 06:38:21 PDT 2013

There's one person ? or maybe a group of people ? who has yet to claim the largest Powerball jackpot in history: an estimated $590.5 million. The ticket was purchased on May 18 from a Publix supermarket in Zephyrhills, Florida. ...

IRS Extends Tax Deadlines for Oklahoma Tornado Victims

Posted: Wed May 22 05:11:45 PDT 2013

Following Monday's disaster declaration for individual assistance issued by FEMA, the IRS announced May 21, 2013, that affected taxpayers in Cleveland, Lincoln, McClain, Oklahoma, and Pottawatomie counties will receive special tax relief....

US GAAP Financial Reporting Taxonomy Green-Lighted by SEC

Posted: Tue May 21 12:42:36 PDT 2013

The US Securities and Exchange Commission (SEC) has adopted the 2013 US GAAP Financial Reporting Taxonomy, which allows companies to use eXtensible Business Reporting Language (XBRL) in reporting financial statements....

New York Accounting Foundation Awards $183,750 in Scholarships

Posted: Tue May 21 12:11:26 PDT 2013

The New York State Society of Certified Public Accountants' Foundation for Accounting Education has announced the sixty-seven New York State students who will receive Excellence in Accounting Scholarships for the 2013-2014 school year....

Beyonc�'s Father and Former Manager under Heavy Tax Debt

Posted: Tue May 21 09:53:19 PDT 2013

Matthew Knowles, music executive, television producer, father, and former manager of Beyonc� Knowles, is into the IRS for more than $1.2 million. The tax debt relates to income earned in 2010 and 2011, the same years he managed his daughter's career. ...

Rapper Ja Rule's Tax Evasion Time Served, Mostly

Posted: Tue May 21 08:59:28 PDT 2013

Rapper Ja Rule spent the last nearly two years in prison at Ray Brook Correctional Facility in upstate New York on charges that included illegal gun possession and tax evasion. Now he'll finish his sentence on home confinement....

LA Jeweler Pleads Guilty in KPMG Insider Trading Case

Posted: Tue May 21 08:20:07 PDT 2013

Los Angeles jewelry store owner Bryan Shaw faces a maximum of five years in prison after he pleaded guilty May 20 for his role in an insider trading case involving a former senior audit partner at KPMG LLP....

CPA Firm Sponsors Yearlong Push for Employee Health, Fitness

Posted: Tue May 21 07:07:14 PDT 2013

Healthy living is a year-round commitment at Herbein + Company, a 110-person CPA firm in Pennsylvania where employees are encouraged to participate in the firm's wellness program throughout the year....

BDO and Ernst & Young Named Top Workplaces for Recent Grads

Posted: Tue May 21 05:24:57 PDT 2013

BDO USA LLP and Ernst & Young LLP were among twenty-five companies that were included in the Best Places to Work for Recent Grads 2013 report from ConnectEDU Inc., a technology company committed to transitioning learners from school to college to career....

Survey Finds Small Businesses Slowly Increasing Economic Activity

Posted: Mon May 20 13:19:38 PDT 2013

Small business owners are showing a willingness to hire more employees amidst signs of expanding business activity, according to the most recent Business Confidence Survey released by Insperity, Inc., a provider of human resources and business performance solutions....