Melvin M. Bloom – In Memoriam
We are very sad to let everyone know that our remaining founding partner Mr. Melvin M. Bloom passed away on May 16, 2019. Mel was 96 years old. For everyone who had an opportunity to get to know [...]
Have You Reexamined Your Internal Controls Lately?
Since the Sarbanes-Oxley Act, there has been an increased concern regarding internal controls and prevention of fraud. Failures in internal control have created serious issues for organizations [...]
Understanding the New SSARS 24
From The Asset September/October 2018 - By Jim Pursley, CPA - Accounting professionals practicing in the United States have new guidance to follow when performing compilation and review [...]
Michael D. Williams Selected as Managing Partner
Hochschild, Bloom & Company LLP is pleased to announce Michael D. Williams, CPA has been selected as Managing Partner. He joined the Firm in 1987 and accepted as Partner in 1998. He has managed [...]
Should Volunteers Receive an IRS Form 1099-MISC?
Most people are aware that if a person or company (other than a corporation) performs services for a nonprofit organization and is not an employee of the nonprofit organization, an IRS Form 1099- [...]
New Tax Legislation Client Letter
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and [...]
Court Case Tests Passive Activity Grouping Powers of IRS
A recent case indicates that a taxpayer can be a passive investor in a facility and have a medical practice which is nonpassive, even though the facility is used by the taxpayer in his practice.
Angela Dorn has completed the AICPA’s Not-for-Profit Certificate
Congratulations to Angela Dorn, CPA, Partner. She has successfully completed the AICPA’s Not-for-Profit Certificate. This certificate requires a comprehensive, foundational understanding [...]
