Beltway Buyer: Raffa acquires Friedkin

Combined, the firms will have 16 partners and 250 employees. Wahington, D.C.-based Raffa — which handles over 500, mostly nonprofit, clients — is absorbing Rockville, Md.-based Friedkin Matrone & Horn. Freidkin, a 35-year-old women-owned CPA firm,  employs about 30 people. … Continued

David Albrecht: Something FISH-y about LIFO

Come international convergence, LIFO’s days are numbered. “Many internationals consider U.S. use of LIFO for financial reporting purposes to be ridiculous and absurd,” says Prof. David Albrecht here. “Their dislike is of it seems to be so strongly held that … Continued

Fired. A True Story.

From Mrs. CPA: A few weeks ago at work, we discovered that a schedule prepared during our year end close had an error in it. I was the manager who reviewed that schedule first. My boss reviewed it and it … Continued

ADP or SurePayroll: Who Do You Believe?

ADP came out with its monthly jobs report report this morning — a 697,000 loss for the economy last month, including 262,000 cutbacks in small business. The data, according to ADP’s economist, “clearly indicates that the recession is spreading aggressively … Continued