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Accounting
Former bookkeeper pleads guilty to stealing $680K
May 29, 2013
Associated PressFifty-three-year-old Karen Armacost of Franklin admitted to forging hundreds of checks between 2007 and 2012 from the Greenwood
Orthopaedics surgical group.
MoreFormer country club controller gets 2 years for fraud
December 19, 2012
Associated PressOfficials say Denise Abrell defrauded the Country Club of Indianapolis of $400,000 by writing checks to herself and using
the club's credit card without its knowledge.
MoreAuditors: Tech issues, worker rush led to state tax errors
December 17, 2012
Associated PressAuditors investigating Indiana's Department of Revenue are saying outdated technology and a work culture that sacrificed
accuracy for speed led to $526 million in tax errors from the state.
MoreBudget-writing Indiana lawmakers hear from agencies
November 28, 2012
Associated PressIndiana's budget picture is slowly taking shape, but the big questions about tax collections, tax cuts and how much will
be spent on education remain to be seen.
MoreIndianapolis accounting firm settles with Fair Finance trustee
November 1, 2012
Kathleen McLaughlinSomerset CPAs PC will pay $500,000 to settle litigation brought by the bankruptcy trustee of Fair Finance Co., the Ohio-based
firm that convicted financier Tim Durham used to conduct a major Ponzi scheme.
MoreFlorida payroll provider moving to Indianapolis, adding 59 jobs
October 26, 2012
Beyond Payroll LLC, which said it will add the jobs by 2106, is leasing 2,000 square feet of space in the downtown Stutz Building.
MoreAnswers on $526M in tax mistakes expected in December
September 10, 2012
Associated PressAuditors reviewing $526 million in tax errors made by Indiana's tax collection agency said Monday they will investigate
whether state employees are knowledgeable enough to track tax collections and whether the state has adequate internal controls
to guard against future errors.
MoreThree local accounting firms crack national top-100 list
August 11, 2012
Blue & Co. LLC, Katz Sapper & Miller LLP and Kemper CPA Group LLP are the only three locally based accounting firms
to make Inside Public Accounting’s latest annual top-100 list.
MoreMeridian CPAs folding into larger Somerset firm
July 13, 2012
Four principals and about a dozen other staff accountants and support staff at Meridian will join Somerset in August. Somerset
is Indianapolis' seventh-largest accounting firm, based on the number of local full-time employees.
MoreHauke receiver files suit against his former accounting firm
July 9, 2012
Scott OlsonThe lawsuit accuses convicted money manager Keenan Hauke's former accounting firm of negligence for failing to monitor Hauke's
bank accounts, enabling him to use investor funds for his personal use. Hauke was sentenced in March to 10 years in prison.
MoreIndiana hires Deloitte to assess $500M in mistakes
June 4, 2012
Associated PressIndiana's state budget leaders picked international accounting firm Deloitte on Monday to determine the scope of an external
audit looking at how the state lost track of more than $500 million in tax revenues.
MoreIndiana panel moves toward audit of $500M in mistakes
June 4, 2012
Associated PressIndiana's state budget leaders on Monday are expected to take another step toward finding what caused more than $500 million
in tax-revenue accounting errors, but a final answer is still a long way off.
MoreTaxing career path ultimately appeals to entrepreneur
June 2, 2012
Chris O'MalleyAccounting, church jobs lead to software firm that helps tax accountants manage property tax disputes.
MoreBKD selects Dickman as managing partner
May 26, 2012
The head of the national accounting firm's Indianapolis office will lead the entire company effective June 1.
MoreIndiana issues call for external audit of tax agency
May 17, 2012
Associated PressIndiana budget leaders are looking for an external auditor to review the state Department of Revenue after workers discovered
$526 million in errors in recent months.
MoreGovernment sues to close tax preparer in 5 cities
March 28, 2012
Associated PressThe U.S. Justice Department is going to court in an effort to close a tax preparation company called Instant Tax Service and
its offices in Indianapolis and four other cities, accusing franchisees of preparing fraudulent tax returns to maximize refunds
and extract large tax preparation fees.
MoreVeteran Deloitte managing partner retiring
March 28, 2012
Michael Becher will leave the local office of the accounting firm after a 36-year career, including 20 years as its leader.
He'll be succeeded by Mary Boelke, who'll becomes just one of two female managing partners among the city's top 20 accounting
firms.
MoreIndianapolis attorney pleads guilty to theft charges
March 22, 2012
IBJ Staff and Associated PressAn Indianapolis attorney has pleaded guilty to theft charges after prosecutors say she took nearly $600,000 from two accounts
for which she was responsible.
MoreFishers collection agency expanding, adding 140 jobs
March 22, 2012
DECA Financial Services LLC plans to add 140 jobs by 2015 as part of a $2.6 million expansion that includes the purchase of
a building on Visionary Way in Fishers.
MoreLocal fraternity files suit against former auditor
January 25, 2012
Scott OlsonThe foundation of Alpha Tau Omega accuses Indianapolis-based K.B. Parrish & Co. LLP of malpractice and breach of contract
stemming from $400,000 in missing funds allegedly taken by a former employee.
MoreBuilder's bookkeeper gets 18-month sentence for theft
January 25, 2012
IBJ Staff and Associated PressKim Hutchison, 52, the former treasurer of Greenwood-based J. Greg Allen Builders and Princeton Homes, has been sentenced
to 18 months in prison for allegedly stealing more than $446,000 from the now-closed companies.
MoreIndianapolis-area mergers and acquisitions in 2011
January 21, 2012
A number of acquisitions last year disclosed no sale price. In the Indianapolis area, those deals ranged from MacAllister
Machinery's purchase of a Caterpillar dealership in Michigan to Herff Jones' acquisition of a Memphis, Tenn.-headquartered
maker of cheerleading uniforms.
MorePanel rejects audit of Indiana revenue department
December 14, 2011
Associated PressRepublican members of the State Budget Committee have rejected Democrats' request for an independent audit of the Indiana
Department of Revenue for misplacing $320 million.
MoreLocal software upstart sold after less than year in business
November 22, 2011
IBJ StaffIndianapolis-based MyJibe LLC, an up-and-coming budgeting and personal finance software firm that was launched by two 20-something
entrepreneurs last January, has already been acquired.
MoreDynasty trusts let wealthy escape estate, gift taxes forever
July 28, 2011
Bloomberg NewsCarmel financial executive among those who plan to shield millions of dollars in a dynasty trust, so it can be passed on to
multiple generations of descendants while paying as little in taxes as possible.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!