Going Concern

JULY 14, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The Office Ernst & Young out of Triad market after closing Winston-Salem office [ Triad Business Journal ] The Triad now has offices for only two of the Big Four global accounting firms.

North Carolina

Withum

JUNE 6, 2022

The taxpayer in PLR 202221006 (March 3, 2022) is a pharmaceutical distributor that engages in the retail sale of a limited number of drugs. It did not address any of the other requirements for the QSBS exclusion, such as the gross-assets test, the asset-use test, or the holding period rules.

Tax

PYMNTS

MARCH 6, 2019

Yet, corporate finance especially is “operating, more or less, the same [way] it has for 20 years prior. Beyond time windows, all too often, finance functions are still tied to PDFs, Excel files and email. DLT enables real-time asset ownership, like cash, and can provide that access to shared data, such as files and account balances.

Pharmaceutical

PYMNTS

JULY 6, 2020

We are always delighted to be able to use our technology to remove finance costs from a supply chain but never more so than when we can support small businesses that play such a key role in supporting our nation’s health.” billion) of supply chain finance payments annually. billion pounds ($1.5

Pharmaceutical

PYMNTS

AUGUST 10, 2020

Today’s Financial Times article states: “NMC allegedly used fake documents to simulate orders for pharmaceutical supplies from Neopharma, and its joint venture Nexgen, to obtain credit from banks and factoring agents that financed the fabricated sales.

Pharmaceutical

PYMNTS

OCTOBER 3, 2016

Kachkar used his pharmaceutical company, Inyx Inc., However, Kachkar failed to come up with the financing, and the deal was nixed. The civil suit by the FDIC describes accounting scams by Inyx, such as opening credit lines from Westernbank, false invoicing and instructing customers to deposit payments in secret bank accounts.

Pharmaceutical

PYMNTS

SEPTEMBER 4, 2019

B2B Pay plans to roll out API-enabled banking services, the ability to create an unlimited number of International Bank Account Numbers (IBANs), credit card processing and solutions related to cryptocurrency. Existing backers have already committed about $164,000 of this funding round, Ambikar said.

B2B

PYMNTS

JUNE 2, 2020

Healthcare providers, insurance companies and pharmaceutical manufacturers across the U.S. percent of those surveyed wanted to receive their disbursements instantly, with approximately 38 percent wanting instant payments to arrive directly into their bank accounts, 11.7 Funding Pharmaceuticals Fast. percent onto debit cards, 10.8

Pharmaceutical

PYMNTS

MAY 24, 2016

Of the 2,000 startups that applied to join the Barclays Accelerator program , just 40 were accepted, the bank’s head of open innovation, Arian Lewis, recently told Finance Magnates. Among them is B2B Pay, which provides free International Bank Account Numbers (IBAN) for companies exporting into Europe.

B2B

PYMNTS

JULY 30, 2019

“In one of the most damaging Media File Jacking attacks, a malicious actor can manipulate an invoice sent by a vendor to a customer, to trick the customer into making a payment to an illegitimate account,” Symantec said in its blog post at the time. Beyond finances, the reputational damage can last years, too.

Pharmaceutical

Accounting Insight

MAY 2, 2023

Our latest salary survey of over 1,300 finance and accounting professionals revealed the latest trends in salaries, bonuses, and newfound employee expectations. Similarly, the average Accountant salary decreased from £45,714 to £44,745. Finance Assistants sit at the lowest level of fulfillment, reporting a 42% satisfaction rate.

accounting and finance

PYMNTS

MAY 8, 2020

business accounting startup Countingup announced a $4.94 Targeting freelancers and self-employed professionals, Countingup offers a mobile-first banking solution that merges accounting and banking. The company targets small and medium-sized businesses with technology to track and manage finances using cash flow data analytics.

Pharmaceutical

PYMNTS

MAY 10, 2019

The firm became well-known after it targeted Valeant, a pharmaceutical firm. That company’s stock price tumbled following fears over a heavy debt load and accounting practices. at one point, the Financial Times reported. The stock, however, was trading higher – at $25.78 – as of 3:43 p.m. EST, according to Yahoo!

Pharmaceutical

PYMNTS

MAY 1, 2018

That’s according to new research from Optal , published earlier this month, which commissioned Davies Hickman to survey more than 100 corporate finance professionals in the U.K. Finance experts in some of the U.K.’s According to Downes, this high failure rate has major implications both within and outside the buying organization.

B2B

Cherry Bekaert

JULY 20, 2023

The Financial Accounting Standards Board (FASB) has issued only two new Accounting Standard Updates (ASUs) and the Government Accounting Standards Board (GASB) has not issued any new GASB Statements in 2023. Standard setters have been relatively inactive this year.

income tax

CPA Practice

JUNE 27, 2024

Professionals on the Move is a round-up of recent staffing and promotion announcements from across the accounting space. Makaloba (‘Mak’) Barandao joined Brown Plus as an Audit Senior Associate, specializing in accounting and auditing services. Helen is located at the Brown Plus office in Camp Hill, Pennsylvania. He holds a B.S.

Healthcare

PYMNTS

SEPTEMBER 28, 2017

But, for companies like IT innovators and software as a service (SaaS) startups, business models that depend on recurring revenues and strong investment in research and development can mean sporadic financing isn’t always enough. It’s very difficult for small companies to receive any type of financing,” he explained.

tax consultant

CPA Practice

FEBRUARY 8, 2023

He has extensive experience in tax across a range of industries including construction, real estate, hospitality, consumer products, technology, pharmaceutical, manufacturing, aerospace and defense, e-business, transportation, finance and agriculture.

Real Estate

PYMNTS

JULY 20, 2018

The startup’s payment platform integrates with QuickBooks Online to connect accounting and billing, and uses API technology to aggregate data across the channels through which businesses accept payment, to provide a holistic view of finances for business users.

B2B

inDinero Accounting

JULY 16, 2021

AI is in marketing and sales, manufacturing, product and service development, and corporate finance and accounting. For example, automating the accounting function puts AI to work on those repetitive, high-volume computations that used to eat up far too much of your bookkeeper’s energy and brainpower. Ask your accounting team.

Technology

Withum

DECEMBER 23, 2023

So now Congressional leaders have departed for winter recess and will return to a full plate of financing the government when they return. More recently, tax writers were meeting on a regular basis and the news reported on a rough outline of a plan, but that came to nothing. So what can we expect in the New Year?

Pharmaceutical

KROST

NOVEMBER 24, 2020

These two incentives can provide significant tax relief in 2020 if financed and placed in service by midnight, December 31, 2020. A “designated census tract” is a census tract determined by the Department of Finance to be in the top 25% of California census tracts in terms of civilian unemployment and poverty rates.

tax planning

Going Concern

JULY 8, 2022

Wirecard’s former top accountant admits forging documents for KPMG special audit [ Financial Times ] Wirecard’s ex-head of accounting has admitted to forging documents requested by KPMG during a special audit, ahead of a trial that is set for later this year, according to people familiar with the matter. Anyone else?

auditor

Shay CPA

MAY 14, 2025

United States , a co-founder of a pharmaceutical company sought to exclude gains from the sale of their shares under Section 1202. Disclaimer: The content provided on this blog is for general informational purposes only and does not constitute professional accounting, tax, or legal advice. Recent Court Cases Involving QSBS Ju v.

CPA

Going Concern

MAY 27, 2025

Sherron Watkins and Cynthia Cooper, the whistleblowers who gave accounting professors something to talk about for the next fifty years, have written an op-ed in NYT: We Exposed Fraud at Enron and WorldCom. A Korean site has written about a woman in her 30s who quit her accounting job to clean toilets. Dont Let History Repeat Itself.

accounted