Posts by John Dimitrakis
Shipping and Offshore Maritime Sectors Must Be Alert To Implications Of New US Lease Accounting Standard
The Financial Accounting Standards Board (FASB) in the United States has issued a lease accounting standard update following the release in January 2016 of an International Financial Reporting Standard (IFRS) dealing with the same subject. Although it had been expected that the FASB and IFRS standards would be identical, there are instead now two standards…
Read MoreNew 2016 Healthcare Information Reporting Requirements
Background The Patient Protection and Affordable Care Act of 2010 (the “ACA”) imposes significant information reporting responsibilities on certain employers starting with the 2015 calendar year. These employers must file annual information returns with the Internal Revenue Service (the “IRS”) and provide annual statements to their employees containing health plan coverage information. Failure to file…
Read MoreMSPC Named to Inside Public Accounting's Top 300 Firms
MSPC is pleased to announce that we have been named to Inside Public Accounting’s Top 300 firms. This definitive list was developed by gathering information from more than 500 firms that completed IPA’s Survey and Analysis of Firms. Many professional associations also aided in the search for firms to add to the list, which IPA…
Read MoreMSPC Wins Softball Championship
Every Monday for the past couple of months, MSPC have encountered some pretty fierce opponents in a series of friendly (yet competitive!) softball games. On Monday August 3rd, the team faced Frank’s Pizza in the finals and ’knocked it out the park’ winning by a score of 9-1, earning MPSC the ZogSport Roselle League Championship.…
Read MoreMSPC Attends Moore Stephens Executive Leadership Program at Harvard Business School
A program designed to align motivating professionals, leadership, strategy and organization. MSPC Managing Partner Jim Flannery and Tax and Audit Principal Jon Gagliardi attended the Moore Stephens Executive Leadership Program hosted by Harvard Business School on Sunday, May 17, 2015 to May 21, 2015 at the Harvard Campus in Boston, MA. The intensive eight-hour a…
Read MoreMSPC Dunks for The Wounded Warrior Project
On Friday, June 19th, New Jersey-based CPA Firm MSPC employees gathered at the Cranford Office for a day of laughter, bonding, and giving back. Charity is an integral part of the corporate culture and as such, employees volunteered to dunk or be dunked in an effort to raise money for charity during the firm’s annual…
Read MoreImplementation of new revenue recognition accounting standards set to be delayed.
This article is courtesy of David Chopping from Moore Stephens. Proposals to push back by 12 months the implementation dates for new international accounting standards covering revenue recognition will have implications for many companies, including those in the shipping industry. On April 28, 2015 the International Accounting Standards Board (IASB) tentatively decided to defer by…
Read MoreThis CPA Gets a Kick Out of Coaching
Our very own Patrick Trombetta is featured in the September/October issue of New Jersey CPA. Read all about it here.
Read MoreMSPC Transitions Reynolds USA to Microsoft Dynamics GP
Background: Reynolds USA, a multinational construction company located in New Jersey, has a long established a relationship with MSPC. When Reynolds reached a point in their operations where they were ready to upgrade their online purchasing from Platinum for Windows, MSPC suggested switching to Microsoft Dynamics GP. While Reynolds explored other systems such as the…
Read MoreMSPC Smoothly and Quickly Transitions the Diocese of Paterson to Microsoft Dynamics GP
BACKGROUND: Several years ago, the Diocese of Paterson (DOP), located in Clifton, NJ was looking to replace AS400, an older DOS-based accounting system with Microsoft Dynamics GP. Their main objective for needing a more sophisticated program was to streamline monthly billings for multiple revenue sources. The Diocese of Paterson purchased the software from another partner…
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