News

Below are a collection of articles, some written by our member firms that demonstrate our understanding of many of the complex business challenges and key issues faced by companies around the world.

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HLB International's USA member firms Blackman Kallick LLP, Eide Bailly LLP and WithumSmith+Brown, PC are  in the top 50 Vault Accounting Firms Ranking 2013

23-Apr-2012

Executives of Wipfli and Eide Bailly, two prominent accounting and consulting firms that rank among the largest in the country, announced the firms would not complete a proposed merger. The firms decided not to proceed with the proposed merger and will continue to operate as separate CPA firms. 

27-Feb-2012
EisnerLubin LLP merges with WithumSmith+Brown, P.C.

EisnerLubin llp, a New York City-based Certified Public Accounting firm, has merged its practice with regional CPA firm WithumSmith+Brown, PC (WS+B).  With an effective date of November 1, 2011, the union adds 55 professionals to the WS+B roster, including nine partners. 

20-Dec-2011

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An exposure draft is expected to be released in the fourth quarter of 2011 which represents a joint project of the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) that will give guidance on the presentation of information in the financial statements.

07-Dec-2011

WithumSmith+Brown, Certified Public Accountants and Consultants (WS+B), is pleased to announce the opening of its newest Philadelphia office, located at Two Logan Square, Eighteenth and Arch Streets, Suite 2001.  In an effort to better serve its Philadelphia clientele, the firm combined its former Cherry Hill, NJ office and its Center City Philadelphia satellite office, relocating its staff to this new location.

13-Jun-2011
The next generation: A view on the future of accounting

Being an equity partner in a long-established accountancy practice gives you an interesting perspective on your firm. You are an owner and have legal title, but you are also temporary custodian of a business placed in your trust. That knowledge forces you to think of what you have added during your period of tenure. History will decide whether the business has thrived.

15-Apr-2011
2011 Awards: Hedgeweek names Anchin Best North American Accounting Firm

Anchin, Block & Anchin LLP ("Anchin"), a member firm of HLB International, has been named the Best North American Accounting Firm in the annual Hedgeweek Awards announced this week.

09-Mar-2011

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The recent announcement of a merger between Deutsche Boerse AG and the New York Stock Exchange ("NYSE") leads many to believe that an acceleration of the conversion from the Generally Accepted Accounting Principles in the United States ("U.S. GAAP") to the International Financial Reporting Standards ("IFRS") for public companies may occur.

17-Feb-2011

The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have been working on a project that would significantly change the way leases are reported by both lessees and lessors.  An exposure draft was issued in August 2010.  The FASB expects to issue a final standard in June 2011 and the effective date may follow that by two years.

25-Jan-2011

Clifton Gunderson,member firm of HLB International and ranked as one of the nation's largest certified public accounting and consulting firms, today announced it has acquired Meyners + Co.- a certified public accounting firm based in Albuquerque, New Mexico. The acquisition is effective January 1, 2011.

13-Jan-2011
First HLB-USA Assurance Leaders Meeting

At the HLB International Audit conference in July, audit partners from US member firms held a joint training session specifically for the US firms.  The session was highly successful and led to discussing the possibility of holding a one-day meeting designed by and for US firms. 

13-Jan-2011
Morrison & Company, P.A. merges with WithumSmith+Brown, P.C.

Paramus, New Jersey: Paramus-based forensic accounting firm, Morrison & Company, P.A., has merged with the regional certified public accounting firm, WithumSmith+Brown, P.C. (WS+B).  Effective December 1, 2010, the union adds 14 professionals to the WS+B roster. The Morrison & Company staff currently based in the Paramus office will remain at that location, under the WS+B name.

03-Dec-2010

Are your clients prepared for the new Harmonized Sales Tax (HST) rules? Effective July 1, 2010 the province of Ontario and British Columbia will harmonize their sales taxes with the 5% federal Goods and Services Tax (GST). The effective rate of the combined HST in Ontario will be 13% and the rate in British Columbia will be 12%.

26-Apr-2010
AstraZeneca settled on a £505M Transfer Pricing Bill - What are you prepared to settle for?

The recently settled AstraZeneca transfer pricing case can only give HM Revenue and Customs in the UK more confidence to take a harder line on transfer pricing audits, of which there are currently 1,000 outstanding cases.

08-Apr-2010
26-Feb-2010

Currently, a Dutch B.V. or N.V. can be incorporated only after the Ministry of Justice issues a statement of no objection. Without this statement, the incorporation is not legally binding. In most cases, filing for and acquiring this statement is simply a formality, but it still takes about one week.

06-Jan-2010
Consideration for use of copyright is not royalty

In many cases foreign companies grant access to Indian companies for using their data base and other copyr-ighted material. The question for consideration is whether the amount received by the foreign company for permitting use of such copyrighted material constitutes consideration which could be treated as royalty under the provisions of the tax laws.

17-Dec-2009

There are two major changes happening to U.S. international tax regulations. The first are proposed changes by the Obama Administration and the second is the impact of the Xilinx vs. Commissioner Court decision.

01-Dec-2009