Accounting

Accounting change could have huge impact on real estate leasing

December 11, 2010
Scott Olson
Proposal requires companies to book leases as assets, and stands to shift the momentum to purchases.
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Disclosures key to feds' probe of Durham's Fair Finance

November 28, 2009
Greg Andrews
Any case federal prosecutors pursue against Tim Durham or his associates likely would revolve around what his Fair Finance Co. disclosed—or didn’t disclose—to potential investors, legal observers said.
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Spurned Sponsel creates own CPA firm

September 29, 2009
Scott Olson
A longtime partner of Indianapolis-based Greenwalt Sponsel & Co. Inc. has left the accounting firm and started his own after he said it became apparent he would not become managing partner.
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Two local accounting firms among top 100

August 24, 2009
 IBJ Staff
Katz Sapper & Miller LLP and Blue & Co. LLC are the only two local accounting firms to crack Inside Public Accounting’s latest top-100 list.
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PricewaterhouseCoopers adds BearingPoint consultants

August 17, 2009
 IBJ Staff
The Indianapolis office of New York-based PricewaterhouseCoopers is adding 20 consultants following the accounting firm’s purchase of a portion of McLean, Va.-based BearingPoint Inc.
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Company in doubt? Don't blame auditorRestricted Content

April 20, 2009
Keep in mind, the auditor doesnâ??t run the businessâ??the businessâ?? management does.
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The tax system has fluctuated throughout the agesRestricted Content

April 13, 2009
Mike Hicks
Let's reflect on the origins of the current income tax system to help understand it better.
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Credit crunch creates bond crisis for CIBRestricted Content

February 9, 2009
Peter Schnitzler
The Capital Improvement Board's $43 million in debts must be settled soon, or the entity may not be able to survive.
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KSM's run-in with Madoff spawns bevy of questionsRestricted Content

January 12, 2009
Greg Andrews
KSM Capital Advisors didn't invest its clients' money directly with Bernard L. Madoff, but they're out millions of dollars just the same.
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Accounting firms preparing for new international standardsRestricted Content

November 3, 2008
Scott Olson
 For corporations with a global presence, the transition to International Financial Reporting Standards should streamline the world's financial reporting system.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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