A $3.5 billion accounting error has South Carolina lawmakers initiating the process to oust the comptroller general responsible, CPA Richard Eckstrom. Eckstrom told senators last month he had unintentionally exaggerated the state’s cash position by $3.5 billion by overstating the amount the state had sent to colleges and universities for a decade, according to the
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In this article ILMN Follow your favorite stocksCREATE FREE ACCOUNT Reptile8488 | E+ | Getty Images Company: Illumina (ILMN) Business: Illumina develops, manufactures and markets life science tools and integrated systems for large-scale analysis of genetic variation and function. It operates through Core Illumina and Grail. Grail, which was acquired in August 2021, is a
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When it comes to college these days, students are more concerned about how they will pay the tab than they are about getting in, according to a recent survey of college-bound students and their families. Higher education already costs more than most families can afford, and college costs are still rising. Tuition and fees plus room and board
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Sometimes a problem is so big that you can only really grapple with it by breaking it down into smaller pieces, and that’s certainly the case when it comes to the single biggest issue facing the accounting profession: staffing. In a recent survey of leading firms conducted by Accounting Today, they tended to break staffing
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In this article SIVB SBNY Follow your favorite stocksCREATE FREE ACCOUNT People wait for service outside Silicon Valley Bank in Menlo Park, California. John Brecher | The Washington Post | Getty Images Account holders at failed Silicon Valley Bank and Signature Bank got a lucky break in recent days when emergency federal efforts ensured that
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The Internal Revenue Service has posted frequently asked questions that address whether certain costs related to nutrition, wellness and general health are medical expenses that may be paid or reimbursed under a health savings account, flexible spending arrangement, Archer medical savings account or health reimbursement arrangement. Generally, deductions are allowed for expenses paid during the taxable year
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In this article SBNY Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Bloomberg | Getty Images Some consumers who tried to deposit an Equifax settlement check in recent days got a surprise: It bounced. The checks, a result of a legal settlement over the credit-reporting firm’s 2017 data breach, were written against an account at
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Registrations are now open for the 2023 Accounting MOVE Project, with a 2023 focus on career sustainability.  The Accounting MOVE Project is an annual survey of accounting and financial firms that gathers data and guidance on the state of women in the profession, from which it creates annual lists of the best firms for women
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If you buy something through our links, we may earn money from our affiliate partners. Learn more. With warmer seasons approaching, businesses that offer pedicures can expect an increase in their sales volume. As people start breaking out their spring and summer shoes, they often take one look at their feet and run to call
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Millions of workers open retirement accounts, then ignore or forget about them, leaving thousands of dollars unattended. Are you one of them? Raquel Charles was in her mid-20s when she signed up — begrudgingly — for her first retirement account. Wading through paperwork to start her job at the Administration for Children’s Services in New
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All services except “Send Submissions” will be unavailable for the Internal Revenue Service’s Modernized e-File production and testing systems on Sunday, March 19, from 12:01 a.m. until 10 a.m. Eastern. More information is on the MeF Operational Status page, including any future updates. The system conducts a routine system maintenance build every Sunday at about this
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Top 10 firm CliftonLarsonAllen announced a new summer internship program for high school students, where they’ll be exposed to career opportunities in accounting, tax, wealth management, digital and consulting services. “Our high school internship program is designed to give students the opportunity to explore the wonderful world of accounting and finance as they develop new
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