Latest News

Keeping you up to date on what's happening at the firm and with issues and regulations impacting your business.

Shipping and Offshore Maritime Sectors Must Be Alert To Implications Of New US Lease Accounting Standard

By mspccpas | March 1, 2016

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…

Read More

New 2016 Healthcare Information Reporting Requirements

By mspccpas | December 7, 2015

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…

Read More

MSPC Named to Inside Public Accounting's Top 300 Firms

By mspccpas | October 1, 2015

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…

Read More

MSPC Wins Softball Championship

By mspccpas | August 10, 2015

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…

Read More

MSPC Attends Moore Stephens Executive Leadership Program at Harvard Business School

By mspccpas | June 26, 2015

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,…

Read More

MSPC Dunks for The Wounded Warrior Project

By mspccpas | June 26, 2015

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…

Read More

Implementation of new revenue recognition accounting standards set to be delayed.

By mspccpas | May 1, 2015

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)…

Read More

This CPA Gets a Kick Out of Coaching

By mspccpas | September 22, 2014

Our very own Patrick Trombetta is featured in the September/October issue of New Jersey CPA.  Read all about it here.

Read More

MSPC Transitions Reynolds USA to Microsoft Dynamics GP

By mspccpas | August 18, 2014

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…

Read More

MSPC Smoothly and Quickly Transitions the Diocese of Paterson to Microsoft Dynamics GP

By mspccpas | June 10, 2014

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…

Read More

MSPC Guides Gaspari Nutrition to Success with Microsoft Dynamics GP

By mspccpas | May 20, 2014

When Gaspari Nutrition needed a Microsoft Dynamics GP consultant to properly configure their ERP system and train their staff, they called MSPC. BACKGROUND: Gaspari Nutrition, located in Lakewood, NJ develops and manufactures sports nutrition supplements. In 2010 they purchased Microsoft Dynamics GP along with a warehouse management system that was recommended…

Read More

MSPC CPAS Raises Money Through Walk Now For Autism Speaks

By mspccpas | January 21, 2014

November 5, 2012 For Immediate Release MSPC CPAS Raises Money Through Walk Now For Autism Speaks On October 21st, a team from Cranford, NJ-based MSPC CPAs participated in a two-mile walk and raised nearly $1500 for the charity, Austin Speaks.  The Firm, which has participated in similar events for diabetes…

Read More