News & Views

Grassi Co. promotes four to partner or principal level

Grassi & Co., an independent member firm associated with Moore Stephens International, is proud to announce that four of its top performing professionals have been promoted within the firm. In recent weeks, Tammy Straus, Yigal Rechtman, Frank Vitale and Lori Bono have all been acknowledged for their outstanding contributions to the firm by being promoted to either the Partner or Principal level.

FATCA – the latest disclosures

Many clients have received requests to complete the new style W8 form. This is part of the implementation of the Foreign Account Tax Compliance Act (FATCA), the recent US legislation requiring extensive disclosure of financial assets and income.

Firms Complete Merger to Create Elliott Davis Decosimo

Elliott Davis and Decosimo are pleased to announce that the merger between the two firms is complete, effective January 1, 2015. The combined firm, Elliott Davis Decosimo, is one of the top accounting, tax and consulting services firms in the U.S. with total annual revenues of $120 million and more than 800 professionals and specialists in 17 offices across seven states – Alabama, Georgia, North Carolina, Ohio, South Carolina, Tennessee, Virginia – and the Cayman Islands.

Simplified Transfer Pricing Record-Keeping Requirements

The Australian Taxation Office (ATO) have released a range of safe harbours that enable some SME taxpayers to simplify their transfer pricing (TP) record-keeping requirements and eliminate the risk of an ATO TP review for an initial three year test period.  If an SME meets the safe harbor conditions and elects to apply the simplified record keeping the ATO will not review the TP records of the entity other than to confirm their eligibility to apply the concession.  

Thomson Company merges with Frost, PLLC

 Thomson & Company, a full-service CPA firm in Phoenix, Arizona offering comprehensive accounting, tax and business advisory services to clients across the Southwest, is merging with Frost, PLLC, a leading agriculture, food processing, and family business accounting firm with offices in Little Rock and Fayetteville, Arkansas, and Raleigh, North Carolina. The merged firm will be known as Frost, PLLC, and will continue to operate out of all current locations.

Grassi Co. The Hochman Practice Group Combine

The Hochman Practice Group, formerly of Rosen Seymour Shapss Martin & Company LLP (RSSM), based out of New City, NY has joined Grassi & Co.—a Top 100 Accounting Firm with offices in New York City and Jericho, NY—and will operate under the Grassi & Co. name going forward.

Ten Moore Stephens member firms make IPA’s 2014 Top 100 list

Moore Stephens North America member firms continue to represent the profession well, with 10 making INSIDE Public Accounting's 2014 Top 100 list of firms. The following MSNA firms achieved the Top 100 distinction: Carr Riggs & Ingram (22) Citrin Cooperman (25) Armanino (28) Holthouse Carlin & Van Trigt (39) The Bonadio Group (50) Blue & Co. (53) SC&H Group (59) Doeren Mayhew (62) Grassi & Co. (78) Decosimo (88) “We are very proud that our member firms continue to excel in a business environment that faces daily challenges, both domestically and internationally,” said Steven Sacks, executive director of MSNA. “Their success, in turn, makes our organization successful.” The complete list of 2014 IPA Top 100 firms is available here.

New correspondent firm in Zimbabwe

Moore Stephens Africa is proud to announce the inclusion of new correspondent firm, PNA Chartered Accountants, into the Moore Stephens network. PNA Chartered Accountants is a medium-sized firm of professional accountants and registered public auditors situated in Harare, Zimbabwe, providing a wide range of quality professional services, some of which include external audit, HR consulting, tax advisory, wealth management and assurance services.

New member firm in Toronto

Moore Stephens International is very pleased to announce, that Toronto-based firm Segal LLP, has joined the Moore Stephens North America (MSNA) association, which is a member of the MSIL network. 
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