Accounting services – Kelley PC http://kelleypc.com/ Mon, 03 Jan 2022 07:05:07 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://kelleypc.com/wp-content/uploads/2021/07/cropped-icon-32x32.png Accounting services – Kelley PC http://kelleypc.com/ 32 32 2021: How the accounting industry has adapted to change and uncertainty https://kelleypc.com/2021-how-the-accounting-industry-has-adapted-to-change-and-uncertainty/ Mon, 03 Jan 2022 07:05:07 +0000 https://kelleypc.com/2021-how-the-accounting-industry-has-adapted-to-change-and-uncertainty/ Looking back to 12 months ago, 2021 offered the prospect of a return to business and a return to normalcy, with government support for a pandemic ending and the assumption that vaccination would gain the upper hand against Covid-19. In truth, the year was largely a continuation of 2020, made more difficult with a no-deal […]]]>

Looking back to 12 months ago, 2021 offered the prospect of a return to business and a return to normalcy, with government support for a pandemic ending and the assumption that vaccination would gain the upper hand against Covid-19.

In truth, the year was largely a continuation of 2020, made more difficult with a no-deal Brexit, supply chain issues, unique cash flow challenges, rising costs and staff shortages.

As the year draws to a close, there is a growing expectation that many of these temporary adaptations will now be incorporated into long-term business operations. This has resulted in many business practices changing the face and a pivoting of services in order to survive.

Post-Brexit

Despite these unprecedented hurdles, 2021 has sparked optimism. The increased demand for the industry’s unique and solution-focused consulting services has encouraged further growth.

Accountants have thrived, embracing increasingly complex legislative changes and helping businesses survive and thrive during tough times.

An interesting development has been the strengthening of international relationships as accountants abroad attempt to learn from UK best practices, and UK accountants and practices establish international offices or partnerships for the very first time.

Obviously, the UK’s exit from the EU created a demand and necessary opportunities for the practice beyond its borders.

Digital technology

The digital transformation has continued, as the industry seeks ways to further embrace the digital shift and seize the opportunities presented by emerging technologies.

Only a few years ago, new technologies were predicted by some to be the beginning of the end of the industry, but more and more companies are understanding how to harness the potential of digital tools and seeing how technology will support them rather than replace or limit them. accountants. This is especially true with technologies such as cloud-based data management, process automation, and advanced analytics, which only add value. For example, automation improves efficiency, freeing agents to focus on strategic tasks that require creativity and collaboration.

This digital shift is not only manifesting through more and more online services, but also through knowledge sharing through conferences, board meetings and local gatherings. There is an ever-growing appetite for smaller, more manageable pieces of practical advice and training, reflecting an increased need for up-to-date, real-world advice.

Legislation

As expected, 2021 has been a year of extensive consultations and legislative changes. The Institute of Financial Accountants (IFA) responded to 11 government consultations, covering everything from economic crime and fraud to the role and effectiveness of the Companies House, the role and effectiveness of the HMRC, the simplification of tax system, reform of the base period, and timely payments.

The IFA also challenged the government on the assumption that professional liability insurance would in any way raise the standards of unqualified accountants.

Simultaneously, new legislation also came into force, so accountants had to tackle: Making Tax Digital 2, IR35 changes, post-Brexit sanctions and trade changes, and VAT reverse charges to name a few. some.

Money laundering and fraud

One area the IFA consulted on was emerging threats to the industry, with money laundering reaching hundreds of billions of pounds each year.

The strategies of criminals are constantly evolving, according to the National Crime Agency (NCA), with the National Risk Assessment (NRA) of money laundering and terrorist financing warning that the risk that accounting service providers could be used to facilitate money laundering money is considered high.

The pandemic has only exacerbated the growing problem of fraud, and since it has shown no signs of slowing down through 2021, the efforts of fraudsters to find new ways to operate have also failed. , Furlough fraud being an example of a permanent risk factor.

The pandemic has resulted in an increase in the provision of services through remote methods such as cloud-based accounting platforms, potentially exposing the practices to higher risk. There’s also the growing threat brought by China’s underground banking, with the IFA urging accountants to regularly review the risk assessments of their clients and the business.

Climate change

As the door to 2021 closes and the door to 2022 opens, one thing now high on everyone’s agenda is tackling climate change, as businesses focus more on their impact on society. and the environment, and that the accounting profession is facing new demands to play its role. This also presents another opportunity for the industry, as accountants may be in a good position to help SMEs perform complex calculations and identify the climate impact of their business.

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Obituary of Paul Malvasio (1946 – 2021) – Norwalk, CT https://kelleypc.com/obituary-of-paul-malvasio-1946-2021-norwalk-ct/ Sat, 01 Jan 2022 15:29:00 +0000 https://kelleypc.com/obituary-of-paul-malvasio-1946-2021-norwalk-ct/ Paul J. MalvasioIt is with great sadness that we announce the sudden passing of Paul J. Malvasio on December 25, 2021. Cathy, his devoted wife for over 52 years, was by his side.Paul, along with his identical twin Joseph, was born on August 11, 1946 to Rose and Joseph Malvasio in Brooklyn, NY. One of […]]]>
Paul J. Malvasio
It is with great sadness that we announce the sudden passing of Paul J. Malvasio on December 25, 2021. Cathy, his devoted wife for over 52 years, was by his side.
Paul, along with his identical twin Joseph, was born on August 11, 1946 to Rose and Joseph Malvasio in Brooklyn, NY. One of four children, he was predeceased by his parents and two of his brothers, Jean and Pierre.
Paul was a graduate of St. Stephen’s High School and St. Francis College, both located in Brooklyn, NY. He proudly served in the USMC Reserve as a corporal from 1967 to 1971. After graduating from college, Paul began his professional career with the accounting firm Coopers & Lybrand (C&L). After being a partner at C&L, he continued his successful career in the financial services industry. Prior to his retirement in 2015, Paul held several leadership roles at NAC Re Corp, Risk Capital Re, Navigators Group and Marsh McLennan. Most recently, Paul served on the board of directors of American International Group UK Limited. Paul was well known and well respected throughout the financial services industry. To his colleagues, he was considered a trusted leader, mentor, and beloved role model.
Paul developed a love of running later in life, finishing the New York Marathon five times, the last in his 50s. As he neared retirement, he discovered a great passion and skill for golf, often playing in the cold and rain. Paul, an avid gardener and landscaping enthusiast, also took great pride in taking care of his home. Paul improved everything he touched; he had a natural inclination to go out of his way for others. For his family and friends, Paul has always displayed a wonderful sense of humor, deep loyalty and love for all.
Of all his accomplishments and interests, nothing compared to his love for his family and friends. He found his greatest joy as a husband, father and grandfather. He and his wife Cathy have known each other their entire lives, even attending the same kindergarten.
Paul is survived by his loving wife Cathy (Sci); his daughter Cristen Chittenden; son-in-law Tyson; identical twin brother Joseph (Marie); sister-in-law Susan; two grandchildren whom he adored, Joséphine and Paul; as well as many nieces, nephews, great-nieces, great-nephews and dear friends. Paul lived all aspects of his life with integrity and generosity. We miss him deeply.
Services will be for the immediate family only. Memorial donations in honor of Paul J. Malvasio can be made to the American Heart Association. To sign their guest register online, please visit www.LeskoPolkeFuneralHome.com

Posted by The Hour on January 1, 2022.

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Tax evasion blotter: form and dysfunction https://kelleypc.com/tax-evasion-blotter-form-and-dysfunction/ Thu, 30 Dec 2021 21:01:00 +0000 https://kelleypc.com/tax-evasion-blotter-form-and-dysfunction/ Keep it in the dark; job change; mistrust; and other highlights of recent tax cases. New York: Jordan Sudberg pleaded guilty to tax evasion from 2015 to 2017 in connection with false deductions. The deductions were part of a scheme involving hundreds of business checks purported to be payments for business services, which he provided […]]]>

Keep it in the dark; job change; mistrust; and other highlights of recent tax cases.

New York: Jordan Sudberg pleaded guilty to tax evasion from 2015 to 2017 in connection with false deductions.

The deductions were part of a scheme involving hundreds of business checks purported to be payments for business services, which he provided in exchange for cash to a black market money exchange network.

From at least 2015 to 2017, Sudberg conspired to evade a substantial portion of his personal income taxes. He had two S bodies through which he operated a medical practice, specializing in pain management, in locations in Manhattan, Long Island and Queens, New York. Sudberg has issued hundreds of checks made payable to various companies and falsely claiming to be payments for business services.

In fact, these companies had not provided any commercial services to the Sudberg companies. Sudberg was given cash equal to the value of the checks minus a small fee. He falsely reported to the IRS that the checks were for legitimate business expenses and claimed deductions from the amount of the checks.

His tax evasion helped support an unlicensed money services network operated by a number of conspirators. This network allowed individuals to exchange money for commercial checks like those provided by Sudberg, generating a bogus and nominally legitimate source of funds, including for drug money laundering.

The sentence is pronounced on February 23. Sudberg pleaded guilty to one count of tax evasion, punishable by up to five years in prison. He agreed to pay the IRS $ 551,660 in restitution and lose an additional $ 243,257.

Hampton, Virginia: Tax preparer Karl Burden-El Bey, aka Carl L. Burden, 66, was sentenced to 38 months in prison for preparing false returns on behalf of clients, stealing public funds and failing to file his own tax returns federal.

From at least 2013 to 2019, Burden-El Bey created false statements for clients of his tax preparation business. In customer statements, Burden-El Bey has claimed false information about dependents, residential energy credits, gifts to charity, deductions and fees for child and dependent care. to inflate federal refunds. He often hid his involvement by not signing statements as false as the preparer. He also stole $ 5,000 by depositing part of a customer’s refund without authorization into his personal bank account.

From 2013 to 2017, Burden-El Bey also failed to file his own individual federal tax returns.

He was also sentenced to serve three years of supervised release and pay some $ 5,000 in restitution to the United States.

Chesapeake, Virginia: Business owner Shane August has pleaded guilty to defrauding the IRS of more than $ 1.2 million in taxes.

From 2013 to 2017, August owned and operated a home health care business. He defrauded the IRS, among other things, hiding personal bank accounts, using undisclosed accounts to do business, maintaining a cash lifestyle to avoid the IRS, making false statements about his ability to pay, lying to IRS agents and embezzling large sums of money. pay personal expenses.

August withheld taxes on the employment of about 60 of his employees and has not consistently paid more than $ 900,000 of those withholdings to the IRS. Every year it provided fraudulent labor tax forms to its employees, who declared their own taxes and mistakenly believed that the amounts withheld from their wages had gone to Social Security.

Additionally, between 2014 and 2017, August reported personal income over $ 900,000 to the IRS, but paid no tax on that income and now owes more than $ 288,000 in personal income tax. income. Instead of paying his taxes, August used large sums of money to pay for personal expenses such as a contract to build a house and rent a luxury vehicle.

The sentence is pronounced on March 24. He faces a maximum of five years in prison.

Jefferson Parish, Louisiana: Construction company employee Randall Lackey has pleaded guilty to conspiring to defraud the IRS.

From 2011 to April 2018, Lackey conspired to defraud the IRS by concealing his own income and that of others. He worked as an employee for two commercial construction companies, SES Construction Consulting Group and Global Technical Solutions. To hide his income, Lackey charged his SES and GTS salaries to R&O Renovations and Reconstructions, a company he owned.

For the 2012 to 2017 tax years, Lackey did not file any corporate income tax returns for R&O or federal personal income tax returns. The Lackey conspirators falsely classified Lackey as a subcontractor to SES and GTS rather than an employee. As a result, Lackey had no taxes withheld from his paycheck and SES and GTS avoided paying employment taxes on his salary. Lackey and other members of the conspiracy also hired workers who did not have the proper papers and were not allowed to work in the United States, and then paid them in cash.

Sentencing is set for March 16. He faces up to five years in prison, as well as a period of supervised release, restitution and financial penalties. Other members of the conspiracy have all pleaded guilty to conspiring to defraud the IRS; they risk conviction in early 2022.

Belle Glade, Florida: Tax preparer Fred Pickett Jr., 54, has been convicted of preparing false returns for his clients.

Pickett owned and operated a tax return preparation business which he used to prepare false personal income tax returns. From 2013 to 2016, he created statements for some of his clients claiming that they owned shell businesses that were losing tens of thousands of dollars every year.

Pickett was convicted of 22 counts of assisting and assisting in the preparation of false statements. The sentence is passed on March 8 when he faces up to three years in prison for each count.

Milledgeville, Georgia: Iran V. Backstrom, aka Shariyf Noble, has pleaded guilty to conspiring to defraud the United States by promoting nationwide tax evasion to more than 200 participants in at least 19 states. He also pleaded guilty to helping others prepare and file false statements for those recruited under the program.

Backstrom was the main promoter of the scheme, which involved recruiting clients and preparing false statements on their behalf by convincing them that their mortgages and other debts qualified them for tax refunds. Between 2014 and 2016, Backstrom and his conspirators held seminars across the county to raise awareness of the program.

He helped prepare and file returns for participants, who collectively requested more than $ 25 million in federal reimbursements. These tax returns incorrectly claimed that banks and other financial institutions withheld large sums of income tax from participants, entitling customers to a refund. Financial institutions did not pay any income or withhold taxes to these individuals.

To make the refund claims appear legitimate, Backstrom and his conspirators filed tax documents with the IRS that matched the withholding information on the returns, making them appear as if they had been issued by the banks.

Backstrom admitted to giving orders to others as part of the scheme. Several of his conspirators had previously pleaded guilty for their role in the scheme. Backstrom also admitted that he and his conspirators covered up their roles in the scheme by stating, among other things, that the false tax returns were “self-prepared,” by submitting bogus IRS forms designed to appear as if they had were created by the finances of the participants. institutions and coach participants on how to conceal the system from the IRS.

Backstrom further admitted that he and his conspirators charged participants between $ 10,000 and $ 15,000 in fees for preparing each statement. Although Backstrom personally received around $ 1 million for his role in the scheme, he did not file tax returns for the years 2014, 2015, and 2016 to report this income.

He faces a maximum of five years in prison for conspiring to defraud the United States and three years in prison on each of the seven counts of aiding and assisting in preparing and filing a bogus declaration. He also faces a period of supervised release, restitution and financial penalties.

This was the third such case in recent weeks.

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Bradley Leaves LCEDC | Sun News https://kelleypc.com/bradley-leaves-lcedc-sun-news/ Wed, 29 Dec 2021 05:00:00 +0000 https://kelleypc.com/bradley-leaves-lcedc-sun-news/ LAGRANGE – After 36 years of browsing his economic maps and charts to try to help steer different communities in Indiana towards better economic waters, LaGrange County Economic Development Corporation President and CEO Bill Bradley passed the part one of this week sorting out its collection links, trying to narrow down the collection. Looks like […]]]>

LAGRANGE – After 36 years of browsing his economic maps and charts to try to help steer different communities in Indiana towards better economic waters, LaGrange County Economic Development Corporation President and CEO Bill Bradley passed the part one of this week sorting out its collection links, trying to narrow down the collection.

Looks like Bradley won’t need most of those links anymore. Bradley is stepping down as head of the LaGrange County EDC and handing over the reins of the organization to Sheri Johnston, who joined EDC three years ago to succeed Bradley. Bradley’s last day of work was Tuesday.

Bradley came to EDC after leading a similar economic development organization in Jay County for over a decade. Bradley said he came to LaGrange County to help restore stability to EDC after a year in which the organization was rocked.

A Ball State graduate where he earned a master’s degree in public administration, Bradley said he had just graduated when he interned at the Muncie / Delaware County Chamber of Commerce and was introduced to the field then. emerging from economic development. He said he loved the job, so he made it his mission.

“That’s really how it started,” he recalls. “This is not an area you begin to dream of entering kindergarten. “

Bradley said he came to LaGrange knowing he would need to stabilize the company, making sure it was financially sound and on a solid footing.

The best part of the job, Bradley said, was working with local business owners.

Johnston, a native of LaGrange, an accounting graduate from Marian College, takes over as president and CEO of the organization. She worked for the Parkview Foundation before working for EDC. She called her role as EDC’s new director an honor.

“I really think it’s an honor to be able to serve the community in this capacity,” she said. “I think that’s the area I should have been in in my career. I have a degree in accounting so I have done a lot in accounting, but this area of ​​economic development is really rewarding.

Johnston said EDC’s role in the community has evolved over the years and now strives to be more than just an incubator for new businesses and manufacturing. She said part of her new mission is to work closely with other local community organizations like the Chamber of Commerce to help provide information and services to owners of all local businesses, large and small.

“We bring so many different groups together to try to get things done and make things happen,” she said of EDC’s role. “It’s gratifying.”

In this new role, EDC worked with the LaGrange County Community Foundation to help create a new comprehensive plan for the community. Johnston said this process really helped her figure out where the community would like to see LaGrange County grow.

“What we think is necessary is not always what the community wants, so putting this plan in place has been really interesting,” she explained.

Hailing from LaGrange County, Johnston said being born and raised in this community gives her a real edge as she leads EDC into the future.

“I think it helps a lot. I grew up here, I was born and I grew up here. I have connections through my church, through 4-H, ”she said. “I know the culture of LaGrange County.”

Johnston said his goals for the organization are to make sure EDC is the first stop for any organization considering coming to or expanding to LaGrange County.

“I want entrepreneurs to be able to come to us because we have strong programs to help them get started and we want them to stay in the county,” she explained. “I want LaGrange County to be a place the kids want to come back to after they graduate from college because there are so many opportunities here.”

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2 Monster Metaverse stocks to buy and hold for the next decade https://kelleypc.com/2-monster-metaverse-stocks-to-buy-and-hold-for-the-next-decade/ Mon, 27 Dec 2021 11:15:00 +0000 https://kelleypc.com/2-monster-metaverse-stocks-to-buy-and-hold-for-the-next-decade/ Web 3.0 is widely regarded as the next frontier in internet technology, making the metaverse a golden macrotrend for retail investors. The metaverse refers to an easily scalable virtual reality or real-time mixed reality world, comprising multiple interoperable, immersive and interactive 3D environments. The Bulls expect the Metaverse to change the way people work, study […]]]>

Web 3.0 is widely regarded as the next frontier in internet technology, making the metaverse a golden macrotrend for retail investors. The metaverse refers to an easily scalable virtual reality or real-time mixed reality world, comprising multiple interoperable, immersive and interactive 3D environments. The Bulls expect the Metaverse to change the way people work, study and play by allowing the synchronous participation of an unlimited number of users. The metaverse should also keep all relevant information about payments, identity, and history during user sessions.

Many dominant tech players are making significant investments in the metaverse. However, Nvidia (NASDAQ: NVDA) and Matterport (NASDAQ: MTTR) have an advantage over other potential entrants and play a major role in building the infrastructure supporting the metaverse. Let’s take a look at why these two stocks are compelling long-term choices for retail investors looking to capitalize on the future of the metaverse.

Image source: Getty Images.

1. Nvidia

Representing 83% of the global discrete graphics processing unit (GPU) for PC market share, semiconductor leader Nvidia is poised to deliver the parallel processing power (multiple computations at the same time) needed to support loads huge and complex workloads based on artificial intelligence. for the metaverse.

The company’s high-end GPUs are already in high demand in the gaming industry, primarily for their ability to render ultra-realistic graphics. Along with GPUs, the company also has a data center-focused Grace central processing unit (CPU) and a Bluefield data processing unit (DPU) in its hardware portfolio. These next-generation hardware technologies are expected to play an important role in the evolution of the metaverse.

Nvidia also offers a scalable software platform called Omniverse that allows creators and engineers to collaborate virtually and create physically accurate 3D simulations of objects in real time, which will be a powerful tool in developing the metaverse. The platform already has immediate applications in areas such as virtual collaboration between 3D designers working on different software platforms and working remotely. Nvidia also sees important use cases for Omniverse in creating digital twins (digital simulations) for city planning, warehouse optimization, and the automotive industry.

The Metaverse will undoubtedly be a huge opportunity for Nvidia in the years to come. But even without the Metaverse, the company is a very profitable semiconductor business thanks to huge tailwinds in the games and data center segments. The company’s last twelve-month (TTM) revenue grew 64.3% year-on-year to $ 24.3 billion, while TTM’s net profit climbed 114.5% year-on-year to $ 8.2 billion. The company has a strong balance sheet with $ 19.3 billion in cash and $ 11.8 billion in debt.

Nvidia’s share price more than doubled last year. Still, the stock is well positioned for even higher payouts, as the company’s GPUs remain in high demand in growing markets such as autonomous driving, cloud computing and gaming.

2. Matterport

Matterport is another metaverse stock that deserves long-term consideration. The company allows users to create digital twins or realistic 3D simulations of physical spaces such as homes, offices and commercial real estate with an application powered by artificial intelligence. To date, the company has created simulations for 18 billion square feet of space.

Matterport rose to prominence after entering into partnerships with tech giants such as Amazon (NASDAQ: AMZN) and Meta-platforms (NASDAQ: FB). Amazon made Matterport’s digital twin capabilities available on Amazon Web Services (AWS) and together they created a digital twin solution for Internet of Things (IoT) devices, smart buildings, manufacturing, and industrial customers. .

Meta Platforms also uses Matterport’s 1,000 high-resolution 3D simulation models of a range of physical spaces to teach robots to interact with the physical world. After these deals, investors and analysts on Wall Street have a firm belief that Matterport will play a major role in creating the metaverse.

Matterport’s revenue grew only 10% year-over-year in the third quarter (ending September 31) to $ 27.7 million. However, the company’s revenue mix is ​​increasingly shifting towards the higher margin software subscription business. The company saw a 116% year-over-year growth in subscribers to 439,000. Matterport is not yet profitable (which is not unusual given that technology start-ups are growing. usually focus on market share first). However, that could change once companies realize the business potential of digital twins and more subscribers convert to paying customers.

Matterport’s digital twin technology currently has several applications in the real world. In real estate, brokerage houses and real estate portals are using digital twins to run 3D virtual tours to improve online engagement and visitor conversions. In insurance, digital twins are used to document and keep records about the condition of a property, which can then be used for claims management.

Matterport’s annual income rate is currently only $ 111 million. The company is targeting an addressable market for the digitization of the built world, estimated at $ 240 billion. Much of the current hype around this stock, however, centers around its potential for future growth in the Metaverse, which comes with significant execution risk. Yet, given the many under-explored applications of real-world 3D simulations, I believe Matterport may reward patient investors with attractive returns over the next decade.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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MAJIC WELCOMES NEW MEMBERS TO ITS BOARD OF DIRECTORS https://kelleypc.com/majic-welcomes-new-members-to-its-board-of-directors/ Thu, 23 Dec 2021 16:47:47 +0000 https://kelleypc.com/majic-welcomes-new-members-to-its-board-of-directors/ Houston, TX, December 23, 2021 (GLOBE NEWSWIRE) – Majic Wheels, Corp. (OTC Pink: MJWL) (“Majic” or the “Company”), a Delaware corporation positioned as a player in the disruptive fintech and software development industries through acquisitions, announces the appointment of new directors on the board of directors. Majic Wheels Corp warmly welcomes Mr. Sathyanandham Anguswami as […]]]>

Houston, TX, December 23, 2021 (GLOBE NEWSWIRE) – Majic Wheels, Corp. (OTC Pink: MJWL) (“Majic” or the “Company”), a Delaware corporation positioned as a player in the disruptive fintech and software development industries through acquisitions, announces the appointment of new directors on the board of directors.

Majic Wheels Corp warmly welcomes Mr. Sathyanandham Anguswami as Executive Director and COO, Mr. Subramanyeswara Sarma Vempati as Executive Director and CFO, Mr. Kottarapattil Asok Don as Executive Director and CTO and Mr. Amir Dossal as as an independent director.

Mr. Anguswami, Director and COO, brings with him 30 years of fund management experience specializing in technical analysis of global currency futures and options and crypto markets. Since joining CGCX in 2017, Mr. Anguswami has been instrumental in the rapid growth of Calfin Global Crypto Exchange. Previously, he managed a member firm of the Dubai Gold and Commodities Exchange for about a decade and had successfully launched a Sharia-compliant managed commodities account, the first of its kind for gold futures in the region. Mr. Anguswami’s primary role will be to maximize the synergies of the Company’s contemplated acquisitions.

As Chief Financial Officer of Majic, Mr. Vempati will lead a leading finance and accounting team to implement prudent financial strategies to accelerate business expansion and profitable growth. Mr. Vempati is currently CFO of CGCX and prior to that he was CFO at Octagon International, Dubai, United Arab Emirates. He also has training and experience as an Investment Analyst through his previous roles at Al Rostamani Capital, Dubai, United Arab Emirates and as a Research Analyst at Anush Shares and Securities, Chennai, India. Mr. Vempati’s extensive experience in fast growing companies and his solid background in audit and financial control will be valuable assets in the next stages of Majic’s development.

Mr. Don brings deep technical experience to the team with his comprehensive experience in blockchain, big data, machine learning, data analytics, multimedia, software architecture design and digital consulting. In addition, he brings new energy in his capacity as CTO to propel Majic into its next phase of growth. Don’s true visionary mindset, combined with the suite of innovative technologies, will drive Majic’s continued investments in fintech.

In addition, Amir Dossal, a UK based public accountant and 25 year United Nations veteran, joined Majic Wheels Corp as an independent director. With numerous global recognitions and laurels to his credit, Dossal will play a decisive role in the development of growth strategies, global expansions to further strengthen internal controls, improve corporate governance and prepare the company for its next stage. growth. He would also be Chairman of the Audit Committee of Majic.

The new team of board directors have a wealth of experience in managing various aspects of global fintech companies, in addition to formulating strategies for the digital transformation of companies. They provide rich insights into strategy, execution, stakeholder management, risk management and regulatory affairs. Their diverse knowledge and expertise will surely help us move forward on our journey into the future.. “said David Chong, CEO of Majic Wheels Corp.

As a Delaware holding company that pushes the boundaries of disruptive fintech and software industries with multiple acquisitions, Majic Wheels Corp continues its successful journey to record growth with a globally recognized and experienced management team.

About Majic Wheels Corp.

Majic Wheels Corp Inc., a Delaware holding company that has positioned itself as a player in the disruptive fintech and software development industries through multiple acquisitions. The company’s first acquisition is the cryptocurrency exchange, cryptocurrency mining farm, and custodial service platform: Calfin Global Crypto Exchange (CGCX). Majic Wheels Corp. is listed and traded on the over-the-counter market under the symbol “MJWL”.

For more information about the Company, visit:

Our OTC market profile: https://www.otcmarkets.com/stock/mjwl/overview
Our website is: https://majiccorp.co/
Our Twitter account is: https://twitter.com/MajicCorp
Our Discord: https://discord.gg/apolloassets

About CGCX Ltd.
Founded in 2018, Calfin Global Crypto Exchange CGCX has set itself the goal of offering a highly sophisticated cryptocurrency exchange for a seamless and secure crypto trading experience. Unlike most exchanges that only offer cryptocurrency exchanges, CGCX caters to the larger blockchain community by providing four services under one platform.

CGCX website: https://www.cgcx.io

SAFE PORT DECLARATION

This press release contains forward-looking statements which can be identified by words such as “believes”, “expects”, “, ‘,”. , “or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from future results implied by such statements. These factors include, but are not limited to limited thereto, our ability to continue to improve our products and systems to cope with industry changes, our ability to expand our customer base and retain existing customers, our ability to compete effectively in our market segment, the lack of public information about our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue our business and a limited public market for our common shares, among other risks. Many factors are difficult to be predicted with precision and are generally beyond the control of the company. Forward-looking statements speak only as of the date on which they are made, and we do not undertake to update any forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made.

SOURCE: Majic Wheels Corp.

FOR MORE INFORMATION PLEASE CONTACT:

David chong

E-mail: info@majiccorp.co

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HAIG PARTNERS IS AN EXCLUSIVE SELL-SIDE ADVISOR FOR THE SALE OF BMW FROM RIDGEFIELD https://kelleypc.com/haig-partners-is-an-exclusive-sell-side-advisor-for-the-sale-of-bmw-from-ridgefield/ Tue, 21 Dec 2021 19:13:00 +0000 https://kelleypc.com/haig-partners-is-an-exclusive-sell-side-advisor-for-the-sale-of-bmw-from-ridgefield/ Haig Partners was Ridgefield’s selling advisor to BMW in its sale to Keeler Motor Car Company & Open Road Capital Tweet this Keeler Motor Car Company has six dealerships in New York City and has partnered with Open Road Capital, an investment firm backed by private equity firm Bain Capital, to acquire BMW Ridgefield. “We […]]]>

Keeler Motor Car Company has six dealerships in New York City and has partnered with Open Road Capital, an investment firm backed by private equity firm Bain Capital, to acquire BMW Ridgefield. “We are delighted to welcome to BMW the team of Ridgefield to Keeler and excited to expand our presence in the state of Connecticut,” share Jesse hord, CEO, Keeler Motor Car Company. “Ed McGill and his team have developed a special venture at BMW to Ridgefield and we want to keep that legacy. “

Nate klebacha, a partner of Haig Partners, said, “Demand for dealers remains strong from all types of buyers. I am grateful for the opportunity to bring these great organizations together. It was a special affair for me. In my twenty years of trading experience, Ed is one of the most successful traders I have encountered. As Ed and I worked on this transaction, it became clear that it was not just his operational expertise, but his great respect for his staff and customers that made BMW Ridgefield an extraordinary operation in a competitive market. It has been an honor to help Ed through this process and we wish Keeler the best of luck in running our local BMW dealership. ”

Regina Flaherty de Verrill Dana LLP has provided legal representation for the seller. Stephane Dietrich of Holland and Knight has provided legal representation and Greg Dougherty of Crowe LLP provided accounting services for Keeler Motor Car Company & Open Road Capital.

BMW’s Ridgefield is the 15th BMW dealership that the Haig Partners team has represented. Since 2019, Haig Partners has represented owners in the sale of 22 dealerships in New England.

About Haig Partners
Haig Partners LLC is the premier buy-sell advisor for owners of higher value retail dealerships. The Haig Partners team represented 20 of the top 150 dealer groups on Automotive News’s Top 150 list, more than any other buy-sell consultancy. Since 1996, they have advised more than 285 concession transactions, comprising more than 545 concessions totaling $ 8.2 billion. Haig Partners has unparalleled automotive retail experience with a track record in leadership and corporate development roles for AutoNation, Asbury, the Bank of America Dealer Financial Services team, and DHG Dealer Practice. . Haig Partners is the author of the industry’s leading quarterly report that tracks automotive retail trends and their impact on dealer values, and is co-author of the NADA guide, “Buying and Selling a Dealer “. For more information, visit www.haigpartners.com.

Transactional contact:
Nate klebacha, Partner
Haig Partners

e: [email protected]
phone: (917) 288-5414

Press contact:
Aime Allen, Director of Marketing and Business Development
Haig Partners
e: [email protected]
phone: (603) 933-2194

SOURCE Haig Partners LLC

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Development trends of 2022 forensic accounting services market growth, analysis of the impact of Covid-19 on the global economy and 2028 forecast: – mainlander.nz https://kelleypc.com/development-trends-of-2022-forensic-accounting-services-market-growth-analysis-of-the-impact-of-covid-19-on-the-global-economy-and-2028-forecast-mainlander-nz/ Mon, 20 Dec 2021 09:05:33 +0000 https://kelleypc.com/development-trends-of-2022-forensic-accounting-services-market-growth-analysis-of-the-impact-of-covid-19-on-the-global-economy-and-2028-forecast-mainlander-nz/ This World Forensic Accounting Services Market The report brings data for the estimated year 2022 and forecast till 2028. The report also includes forecast factors, macroeconomic factors, and market outlook for the Legal Accounting Services market. They have provided accurate and reliable market data and useful recommendations with the aim of helping players to gain […]]]>

This World Forensic Accounting Services Market The report brings data for the estimated year 2022 and forecast till 2028. The report also includes forecast factors, macroeconomic factors, and market outlook for the Legal Accounting Services market.

They have provided accurate and reliable market data and useful recommendations with the aim of helping players to gain insight into the present and future overall market scenario. This report includes an in-depth study of the potential segments including product type, application, and end-user, along with their contribution to the overall market size. The report provides an accurate and professional study of the complex analysis of opportunities, growth factors and future forecast is presented in simple and easy to understand formats. The report covers the forensic accounting services market by developing technological dynamics, financial standing, growth strategy, and product portfolio over the forecast period.

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The Forensic Accounting Services Market report covers various market scenarios which are directly impacting the growth of the market. The report is structured through the meticulous efforts of an innovative, enthusiastic, knowledgeable and experienced team of analysts, researchers, industry experts and forecasters.

Report includes SWOT analysis analytics, PESTLE analytics, predictive analytics, real-time analytics, revenue share, market size, competitive market scene, market opportunities, key strategies such as partnership, collaboration, mergers, and acquisitions that have been taken by key players to improve their market position and strengthen their presence in the global market.

A list of some players who are featured in the report include Ernst & Young, PwC, Deloitte, KPMG International, FTI Consulting, Kroll, AlixPartners, Control Risks, K2 Intelligence, Grant Thornton, BDO, Alvarez & Marsal, Nardello, Forensic Risk Alliance (FRA), Charles River Associates, Berkeley Research Group, Morse hem.
👉 Usually, we follow industry standards and validate company profiles with product mapping to filter out relevant industry players. Market estimate for forensic accounting services.

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Classification by region of the forensic accounting services market:

  • The Middle East and Africa (Turkey, GCC countries, Egypt, South Africa)
  • North America (United States, Mexico and Canada)
  • South America (Brazil, etc.)
  • Europe (Germany, Russia, UK, Italy, France, etc.)
  • Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)

The report’s conclusion reveals the overall scope of the Global Forensic Accounting Services Market in terms of feasibility of investments across different market segments, along with a descriptive passage that describes the feasibility of new projects that may be successful in the market in a near future . The global forensic accounting services market is studied on the basis of prices, demand and supply dynamics, total volume produced and revenue generated by the products. Manufacturing is studied with regard to various contributors such as the distribution of manufacturing plants, industry production capacity, R&D. It also provides market assessments including SWOT analysis, investments, yield analysis, and growth and trend analysis.

Global and regional market analysis: The report includes the status and outlook of the global and regional market 2016-2028. Additionally, the report provides details about each region and country covered in the report. Identify its sales, sales volume and revenue forecast. With a detailed analysis by types and applications.

Market trends: Key market trends include increased competition and continuous innovations.

Opportunities and drivers: Identify growing demands and new technologies

Porter’s Five Forces Analysis: The report indicates that the state of competition in the industry depends on five fundamental forces: the threat of new entrants,

bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services and existing industrial rivalry.

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The report offers a comprehensive company profile of key competitive players in the global Forensic Accounting Services Market with an emphasis on share, gross margin, net profit, sales, product portfolio, news. applications, recent developments and several other factors. It also throws light on the vendor landscape to help gamers be aware of future competitive changes in the global Forensic Accounting Services market.

This report includes the market size estimate for Value (Million US Dollars) and Volume (K units). Top-down and bottom-up approaches have been used to estimate and validate the market size of the Legal Accounting Services market, to estimate the size of various other dependent submarkets in the overall market. Major market players were identified by secondary research, and their market shares were determined by primary and secondary research. All divided percentage shares and allocations have been determined using secondary sources and verified primary sources.

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Charged with fraud at A3 charter school sentenced to probation and fined $ 300,000 https://kelleypc.com/charged-with-fraud-at-a3-charter-school-sentenced-to-probation-and-fined-300000/ Sat, 18 Dec 2021 04:12:00 +0000 https://kelleypc.com/charged-with-fraud-at-a3-charter-school-sentenced-to-probation-and-fined-300000/ Robert Williams, an accountant indicted in a massive charter school program that defrauded the state of tens of millions of dollars, was sentenced to three years probation and $ 300,000 in fines by the San Superior Court. Diego Friday. Williams, 67, pleaded guilty in August to one count of altering or falsifying company records with […]]]>

Robert Williams, an accountant indicted in a massive charter school program that defrauded the state of tens of millions of dollars, was sentenced to three years probation and $ 300,000 in fines by the San Superior Court. Diego Friday.

Williams, 67, pleaded guilty in August to one count of altering or falsifying company records with intent to defraud. He is free on his own commitment since his indictment in 2019.

Thomas Avdeef, an attorney representing Williams, declined to comment on Friday afternoon.

Deputy District Attorney Leon Schorr said Williams was cooperating with investigators and would continue to do so after conviction. He also paid half of his $ 300,000 fine on Friday, with the remainder due on May 1.

His three years of probation will be unsupervised.

“We are happy to have recovered additional funds in the amount of $ 300,000 and happy that he has cooperated not only in the prosecutions against him but also against others,” Schorr said after the conviction on Friday.

Williams, 67, was among 11 defendants indicted in 2019 for allegedly participating in what has been called one of the nation’s biggest fraud schemes.

San Diego County prosecutors said the defendants stole $ 400 million for K-12 education from taxpayers through the now defunct A3 charter school network, then used the money to real estate and other businesses.

Investigators said they recovered more than $ 220 million.

Williams was the eighth defendant to be sentenced, Schorr said. Of the three remaining defendants, one is awaiting conviction and the prosecution of two is pending.

Among the defendants who have pleaded guilty are the ringleaders of the scheme, an Australian, Sean McManus, and his business partner in Southern California, Jason Schrock. The two founded the A3 Charter Schools, a network of 19 online schools across California that defrauded the state, according to the indictment.

Three A3 schools were located in San Diego County.

Using information about students often obtained from sports clubs and private schools, the co-conspirators “signed up” and demanded public funding for thousands of involuntary students, prosecutors said.

According to the indictment, Williams, McManus, Schrock and a small number of associates were listed as president, CEO, CFO, secretary, school administrator or board members of the various A3 schools. For one school, they listed two people as officers without their knowledge, prosecutors said.

The defendants used personal addresses or the Newport Beach address of an accounting firm owned by Williams on documents to open bank accounts and submit annual returns, according to the indictment.

Many schools also shared the same auditor, who submitted audits showing that schools were complying with expense and attendance accounting rules, according to the indictment.

Williams reportedly informed Schrock when an auditor noticed red flags, such as missing board approvals for a contract between A3 and another charter school that Schrock and McManus were overseeing, prosecutors said.

Prosecutors said online charter schools provided little or no service to most of the hundreds of “enrolled” students.

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Fiondella, Milone & LaSaracina LLP Data Breach Alert | Console and associates, PC https://kelleypc.com/fiondella-milone-lasaracina-llp-data-breach-alert-console-and-associates-pc/ Thu, 16 Dec 2021 21:25:26 +0000 https://kelleypc.com/fiondella-milone-lasaracina-llp-data-breach-alert-console-and-associates-pc/ In November 2021, accounting firm Fiondella, Milone & LaSaracina LLP first announced that the company had been the victim of a cyber attack, potentially exposing the personal and financial information of thousands of consumers. Data breaches like this can give criminals the tools to assume the identity of affected customers. While federal and state laws […]]]>

In November 2021, accounting firm Fiondella, Milone & LaSaracina LLP first announced that the company had been the victim of a cyber attack, potentially exposing the personal and financial information of thousands of consumers. Data breaches like this can give criminals the tools to assume the identity of affected customers. While federal and state laws provide protections for victims of identity theft, obtaining redress is not only a major headache, but it is also not guaranteed. Thus, it is important that those whose information has been accessed understand their rights and take the necessary steps to protect themselves.

Consumer privacy lawyers are currently investigating the data breach of Fiondella, Milone & LaSaracina LLP to determine whether the company bears legal responsibility for any mismanagement of consumer data. If you believe your information has been compromised, it is imperative that you contact an attorney promptly to determine if you might have a data breach claim.

The data breach of Fiondella, Milone & LaSaracina LLP

According to the data breach notice published by Fiondella, Milone & LaSaracina LLP, the company detected unusual activity on its network on September 14, 2021. Further investigation revealed that a hacker had accessed and potentially copied several files on the company network. Although Fiondella, Milone & LaSaracina LLP could not identify exactly what information was viewed and / or copied, the names and Social Security numbers of nearly 84,000 clients were contained in the compromised records. In particular, the parties concerned include those who retained the services of Fiondella, Milone & LaSaracina LLP for their tax, auditing or accounting services, as well as others who did not work directly with the company but were associated with its clients.

Below is a copy of the data breach letter issued by Fiondella, Milone & LaSaracina LLP:

Dear [Consumer],

Fiondella, Milone & LaSaracina LLP (“FML”) is writing to you to inform you of a recent incident which may affect some of your information. FML is a chartered accountancy firm that provides tax and audit services. We have your information because we have provided tax, auditing or accounting services to you as an individual or to a company with which you may be associated. This notice provides you with information about the incident, our response, and the steps you can take to help protect your personal information, if you believe it is appropriate to do so.

What happened?

On September 14, 2021, FML identified unusual system activity on our network. We promptly took action to respond and initiate an investigation into the activity. Through the initial investigation, we determined that FML was the target of a cyber attack that affected our network. We have taken steps to secure our systems and have undertaken a thorough investigation to confirm the nature and extent of the event. On or about October 13, 2021, the investigation determined that certain records in our network were potentially copied from our systems as part of the cyber attack between September 9 and September 14, 2021. Although the investigation n ‘was unable to confirm exactly which documents were copied, as a precaution, we are undertaking a full review of potentially impacted files to identify what information was present and to whom it relates.

What information was involved?

While the review is ongoing, based on our investigation to date, we have determined that your information is present in the affected files. The data included your name and social security number.

What we do.

Information security is one of FML’s highest priorities, and we have security measures in place to protect the information entrusted to us. We reacted quickly when we discovered this incident by taking steps to secure our systems and launching a full investigation. We are also reviewing and improving existing policies and procedures and implementing additional safeguards to further secure information in our systems in the future. We have reported this incident to federal law enforcement and are also informing the appropriate regulatory authorities. As an additional precaution, FML offers you access to<12/24>> months of credit monitoring and identity protection services at no cost to you. You can find information on how to sign up for these services in “Steps You Can Take to Protect Your Information”. We encourage you to sign up for these services as we are unable to do so on your behalf.

What you can do.

We encourage you to stay vigilant against incidents of identity theft and fraud by reviewing your account statements and monitoring your free credit reports for suspicious activity and for errors. Please also see the information in “Steps You Can Take to Protect Your Information”.

For more information.

We understand that you may have questions about this incident that are not addressed in this notice. If you have any additional questions or concerns, please call our dedicated hotline at 855-604-1655, which is available Monday through Friday, 9:00 a.m. to 9:00 p.m. EST. You can also write to FML at 300 Winding Brook Drive, Glastonbury, CT 06033. Please be aware that we take this incident very seriously and sincerely regret any inconvenience or concern it may cause you.

Truly,

Fiondella, Milone & LaSaracina LLP

What should I do if my information was disclosed as part of the Fiondella, Milone & LaSaracina LLP data breach?

If you have recently received a data breach notification from Fiondella, Milone & LaSaracina LLP, it means that your personal information may have been compromised. While this does not necessarily mean that an unauthorized party has accessed or possesses your information, it is a risk that cannot be ignored. Thus, it is important that you consider taking the following steps to protect yourself from the risk of identity theft:

  1. Read the entire data breach notification to determine the extent of the information compromised;

  2. Keep a copy of the data breach letter for your records;

  3. Sign up for the free credit monitoring service provided by Fiondella, Milone & LaSaracina LLP;

  4. Change all passwords online, making sure they are secure and unique;

  5. Regularly check your bank account and credit report for signs of unauthorized activity, fraud or identity theft;

  6. Create a fraud alert by contacting one of the three major credit bureaus; and

  7. Notify all banks and credit card companies of the data breach.

Legal remedies following a data breach

Businesses have an obligation to take positive steps to protect your personal information. When businesses fail to provide the necessary security measures and a consumer’s sensitive information is obtained by an unauthorized party, the business may be held liable for legal action for data breach.

We encourage you to take steps to protect yourself now, before you notice any signs of unauthorized activity or identity theft.

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