The Progressive Accountant
CPA Draws Discipline in Chinese Audit
- Wednesday, 09 July 2014
A Rochester, N.Y.-based CPA has drawn disciplinary action by the Public Company Accounting Board for work for a Chinese client that had been publicly accused of having lying and deception. Nicholas R. Bottini, formerly a partner of EFP Rotenberg, accepted UTG as a client in 2010 even though the predecessor auditor reported having lost confidence in the client's board of directors and audit committee.
Paychex 4Q Net Up 18 Percent.
- Tuesday, 08 July 2014
Paychex had a strong quarter on the bottom line with net income rising 18 percent for the fourth quarter ended May 31. Earnings for fiscal 2014 increased by 10 percent. Revenue rose by 6 percent for both the quarter and year. Key metrics in the company's payroll business rose while revenue from its human resource products and service went up by double digits.
Courts Bars Mississippi Preparer
- Monday, 07 July 2014
A federal court has permanent barred a Mississippi woman and her Jackson, Miss.-based firm from preparing federal tax returns for others. An injunction has been placed on Kavivah Branson, aka Kavivah Bradley, of Clinton, Miss. The action stemmed from an audit by the Internal Revenue Service which found 97 percent of returns examined understated clients’ tax liabilities by an average of $5,006.
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