San Antonio CPA Society This is the local chapter of the Texas Society of CPAs. TSCPA is voluntary group separate from actually being a Texas CPA licensed by the State of Texas.
BKD In the last few years several local firms have been acquired, like the Hnake group, by national firms such as BKD.
Grant Thornton San Antonio Grant Thornton is one of the large national firms occupying the size ladder below the Big Four.l
Padgett Stratemann is now RMS As San Antonio becomes a bigger player in Texas Business, more national firms are entering this market. A national firm does not start from zero. RMS (http://rsmus.com/) purchased Padgett. This gives the buyer a large client base to start with. Typically the local partners have made a handsome profit on their time at the firm. But seeking to recoup the investment, the buyer typically raises fees knowing some business will be lost. RMS has re located from North Loop 410 to 1604 and 281. Renee Foshee, a tax expert with the firm, is the current SA CPA Society President.
Turner Cleveland PC Terry Cleveland has addressed our students. Two of our graduates are employed with at this firm.
weaver CPA Weaver is one of the largest Texas based Accounting Firms.
Hill and Ford CPAs Kim Ford has addressed our students. She has expanded her practice from tax and write up to forensic investigation and court testimony.
Fisher Herbst and Kemble P. C. Bruce Howard who was on our Business Advisory Council was the Officer Manger for this firm.
Ridout Barrett CPAs Tony Ridout has visited and addressed our students many times. We have placed graduates with Ridout for several years.
Financial Consulting Firms
Aventine Hill Partners, Inc. Beth Hair CEO founded Aventine in San Antonio in 2009. The firm now has offices in Dallas, Austin, San Antonio, and Houston. She formerly was with RGP.
Resource Global Professionals Susan Hough has been to campus and spoken to our students. She is the San Antonio Manager of RGP. RGP and Aventine are not CPA firms. Instead they offer contract specialists for firms needing specific tasks such as compliance or Controllerships.
Accounting Information
Acounting Today This is an independent site for accounting news regarding firms and current issues.
Certified Information Systems Auditor CISA Now that everything is literally on the computer and cyber security becomes a prominent issue, I see more and more accounting professionals with this designation. Previously known as the Information Systems and Audit Control Association, it now goes by the acronym ISACA.
Certified Fraud Examiner CFE The Association of Certified Fraud Examiners, located in Austin, TX by the way, offers this Certification.
Enrolled Agent EA The National Association of Enrolled Agents offers the EA exam for tax professionals.
Foreign Affairs :Published by the Council on Foreign Relations
Institute for the Study of War The Institute for the Study of War advances an informed understanding of military affairs through reliable research, trusted analysis, and innovative education. We are committed to improving the nation’s ability to execute military operations and respond to emerging threats in order to achieve U.S. strategic objectives. ISW is a non-partisan, non-profit, public policy research organization.
Stratfor This Austin, TX based site was begun by an ex Texas State Professor.
August Rosemark, CPA, PLLC is looking to fill a part-time (approximately 15-20 hours per week) internship position.
Job Description
The internship will involve the preparation of business and individual tax returns, bookkeeping, drafting financial statements, and information returns for the Firm’s small business clients. The ideal candidate will have taken accounting courses up to intermediate accounting. Tax preparation experience is a plus, but not a requirement for this position.
Start Date
November 1, 2021
Pay
$16.00 per hour
School Years
Sophomore, Junior, Seniors, Masters
Majors
Mathematics, Economics, Accounting, Finance
Work Authorization
US work authorization is required
Interested candidates should Email or Mail Resume to:
this would involve people coming from other countries. The problem is that most cannot fly direct to SA, you would have to stop in Dallas or Houston, I would guess. That makes larger cities with more direct flights a better bet to win the convention bid.
Why not spread the $5 M around seeking groups in and around Texas who could fly direct or just drive? Betting all on one roulette numbers seems unwise.
A former head of the Small Business Administration is facing criminal charges in San Antonio that he misappropriated hundreds of thousands of dollars donated to two nonprofits he’s led.
Hector Barreto, who headed the SBA for five years under President George W. Bush, was indicted by a San Antonio federal grand jury on four conspiracy charges, including to commit money laundering and wire fraud.
Barreto, 60, received more than a combined $900,000 from the Latino Coalition Foundation and Hispanic Business Roundtable Institute from 2013 through 2019, according to the indictment. He lives in Orange County, California.
San Antonio health care consultant Miguel Gutierrez, who along with Barreto allegedly had operational control over both nonprofits, was indicted on the same charges. Gutierrez also is charged with four counts of filing false tax returns.
Markets topped in the dot.com mania March 2020. We are now a Fibonacci 21 yeras past that date. And bingo, market averages have reached new highs and apparently topped again. Scan the headlines in the Monday WSJ, today. As we have mentioned numerous times, social mood tilts negative. The US officially became a nation 1788 adopting the Constitution. So it is a fitting headline that after 233 (FIB) years, France recalls its ambassadors to the US and Australia, Britain is involved in the sub deal so all three major English speaking countries are in a brou ha ha with our longest ally.
Adam Taggart had a two part interview with Jim Rogers. Simply put he thinks we will have the biggest bear market of all time over the next two to three years. He said he is not short yet, money printing Central Banks. Today's action may show that as always, Central Banks cannot overcome the end of five waves up in optimism. Junk bond sales are at a record while yielding the lowest returns ever for buyers.
If we are on the cusp of a bear market I am not sure about Rogers embrace of commodities. Sure silver is down 60% from its all time high.But it only stayed at $50 for a few days. And it is up three to four times from its lows under $5. Seems to me a depression will depress demand for everything, including expensive electric cars.
Social Mood exists in smaller and larger fractals. This school began in Year 1999-2000, so we are 210 years out in its existence. This past week TAMUSA had a big celebratory get together over the two newest buildings, one still under construction. There were lots of positive comments. This may turn out to be a smaller fractal of celebration, just before a stock market downturn. At least that is exactly what happened after March 2020.
On Friday we sent you Part 1 of our brand-new interview with famed investor Jim Rogers.
In it, he confidently predicted an approaching massive economic and financial correction that will result in the biggest bear market of our lifetime.
Here in Part 2 of our interview with Jim, he offers his thoughts on how investors can best prepare today for what lies ahead.
Rapper Maurice "Mo" Fayne, who appeared on Love & Hip Hop: Atlanta when he was engaged to cast member Karlie Redd in 2018, has been sentenced to 17-and-a-half years behind bars for crimes including the misuse of millions of dollars in PPP loans.
The 38-year-old Fayne, who lives in Dacula, Ga., was arrested in May 2020 on charges of making false statements on his application for a loan from the Paycheck Protection Program — which was intended to stabilize the economy during the COVID-19 pandemic — as well as bank fraud and conspiracy and wire fraud related to a Ponzi scheme. Fayne went on to plead guilty — TMZ reported that he did so after cutting a deal with prosecutors to avoid even more time — and he was convicted in May 2021.
Officials said Fayne had, in April 2020, applied for $3.7 million through United Community Bank for his corporation, Flame Trucking. They money was supposed to be used to pay his employees, mortgages or other costs related to his business.
Instead, Fayne spent it on personal expenses: $85,000 in jewelry, $40,000 for past-due child support, $136,000 for the lease of a Rolls-Royce, $65,000 in cash, $50,000 for money he owed in another legal case and $907,000 to start a new business.
Maurice "Mo" Fayne has been sentenced to 17-and-a-half years in prison. (Photo: Instagram)
Fayne paid an additional $230,000 to people helping him to run a Ponzi scheme. According to the Justice Department, he had run the scheme from March 2013 to May 2020, taking money from people who intended to invest in his business and using it to "pay his personal debts and expenses and to fund an extravagant lifestyle for himself."
In addition to the time in federal prison, U.S. District Judge Mark H. Cohen ordered Fayne to five years of supervised release and payment of $4,465,865.55 to his victims across multiple states.
A cryptocurrency hedge-fund manager who lied about returns on his $90 million fund and siphoned money from its accounts to cover a lavish lifestyle was sentenced to 7½ years in prison Wednesday.
Stefan Qin, 24 years old, pleaded guilty in February to one count of securities fraud after prosecutors said he ran the fund, Virgil Sigma Fund LP, like a Ponzi scheme for three years until its implosion in late 2020. The U.S. attorney’s office for the Southern District of New York said many of the more than 100 investors in the fund were scammed.
Federal sentencing guidelines called for 15½ to nearly 20 years in prison, but U.S. District Judge Valerie Caproni said at a hearing Wednesday in federal court in New York that those recommendations were draconian.
Mr. Qin’s lawyers had asked for a two-year imprisonment, but Judge Caproni said she needed to give a sentence that dissuaded others from committing similar white-collar crimes. Mr. Qin “frittered away millions of dollars” and wiped out some victims’ savings, she said.
The San Antonio Chapter is providing significantly reduced scholarships to students to attend the IMA Texas Annual Conference on October 1 and 2, 2021. If you register for the conference as a student and would like to be a part of the scholarship opportunity, please email campusoutreach@sanantonio-ima.org to be put on the list as a student participant! There are only 6 scholarship slots left, so be sure to register as soon as possible—there are only 2 weeks until the conference!
Here are the details on how the scholarship works and how to register:
Sign up for the conference by choosing whichever picture aligns best with your chosen attendance by going to our conference website: https://sanantonioima.wixsite.com/imasa2021
You will be under the green Students section. There is no longer an age restriction!
After clicking on whichever date(s) you can attend you will be redirected to the registration site. Click the blue Register Now button on the website and make sure that you are registering for the right day(s)! If you are an IMA Member already, sign in with your account information. If you are new, click on the Register Now! green button in the New Users box to the right of your screen.
After registering, make sure you receive a confirmation email. If you do not receive one within a few days, please reach out and we can double check everything went through appropriately. Email campusoutreach@sanantonio-ima.org to be put on the list to receive the refund!
Attend the conference! Once you attend the conference as one of our student scholarship recipients, we will give you a check.
If you attend on only Friday – we will give you a check bringing your total cost down to only $30.
If you attend on only Saturday – we will give you a check bringing your total cost down to only $15.
If you attend on both days – we will give you a check bringing your total cost down to only $40.
If you would like to stay at the conference hotel – Hyatt Regency Hill Country Resort and Spa:
IMPORTANT: email campusoutreach@sanantonio-ima.org once you register to claim a scholarship spot! There are only 6 remaining so be sure to register soon.
