Mississippi Business Journal » finances

Troubled agency hires accounting firm for 60-day review

Associated Press — Thu, 02 May 2013 11:48:20 +0000

BILOXI — The Mississippi Department of Marine Resources has an agreement with a firm to conduct a 60-day review of the troubled agency’s finances, structure, staffing, work flow and government program compliance. DMR executive director Jamie Miller told the Sun Herald the agency has signed a deal with the Jackson-based accounting firm HORNE LLP. HORNE’s [...]

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Hardy Reed makes magazine’s national ranking of RIAs

MBJ Staff — Wed, 25 Jul 2012 11:39:28 +0000

TUPELO — Hardy Reed, LLC was recently named a top 50 fastest-growing registered investment advisory firm in the U.S. by FA (Financial Advisor) magazine. Hardy Reed was listed as the nation’s 24th fastest growing RIA. FA’s 2012 RIA ranking is based on voluntary responses from 514 registered investment advisors who completed an online survey. The [...]

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SBA offering disaster loans in four southern counties

MBJ Staff — Mon, 23 Jul 2012 15:26:17 +0000

SOUTH MISSISSIPPI — The U.S. Small Business Administration announced today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes as a result of drought that began Jan. 3. The SBA’s disaster declaration includes the following counties: Hancock, [...]

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City pays former city clerk more than $1.3M

Associated Press — Mon, 18 Jun 2012 17:28:21 +0000

VICKSBURG — Since City Clerk Paul Rogers retired in June 1999, he has kept working for the city — two years as a consultant, eight as the city’s strategic planner, and from 2009 until March, working part-time on the city’s 2008 audit. Records obtained through the Freedom of Information Act show the city paid Rogers [...]

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Supervisors approve TIF redevelopment plan

Associated Press — Tue, 15 Nov 2011 13:54:38 +0000

JACKSON COUNTY — Jackson County Supervisors have adopted a tax increment financing (TIF) redevelopment plan, which allows it to begin offering incentives on major developments. The Mississippi Press reports tax increment financing is a reimbursement-based funding mechanism that uses future gains in taxes to finance infrastructure improvements on a property. The county had to adopt [...]

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Coast city borrowing to pay on two bond issues

Associated Press — Tue, 08 Nov 2011 14:44:35 +0000

WAVELAND — The City of Waveland has borrowed $486,000 to pay on two public works bond issues from 2004. Mayor David Garcia tells the Sea Coast Echo the city borrowed money against its anticipated 2012 property taxes. In 2004, Waveland took out two bonds totaling more than $6 million for public works projects such as [...]

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Audit finds ‘concern’ with county’s administration

Associated Press — Thu, 07 Jul 2011 13:29:29 +0000

HINDS COUNTY — Hinds County’s finances in fiscal 2010 reflect numerous areas of concern with how the county conducts business. That’s according to a private examination ordered by the state Auditor’s Office. State Auditor Stacey Pickering noted the county ended the year with a $2-million deficit in its general fund and has routinely done interest [...]

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Employment tax audits take center stage with Internal Revenue Service

Lynn Lofton — Sun, 08 Aug 2010 06:01:35 +0000

Started with individual returns, then business and partnership returns The Internal Revenue Service is extending its National Research Program to cover employment taxes and their contribution to the tax gap. Businesses could face random audits under the program as soon as this fall. This program began with a concentration on individual returns and then moved [...]

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SEC, Justice Department probing BP

Associated Press — Wed, 28 Jul 2010 15:01:44 +0000

WASHINGTON — BP says the Securities and Exchange Commission and the Justice Department are conducting informal inquiries into securities matters arising from the Gulf oil spill. BP disclosed the probe yesterday in a filing with the SEC, marking the latest development in the evolving government investigations following the April 20 explosion and fire on the [...]

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Keeping Our Eye On: Scott Marshall

Don Smith — Sun, 27 Jun 2010 06:00:36 +0000

Age: 30 Hometown: Jackson Education: Bachelor and masters of accountancy, University of Mississippi Current Position: Financial planner, Marshall Financial Planning, LLC At age 30, Scott Marshall has already had an extensive career in finances. After graduating from the University of Mississippi, the West Point native began his career as a financial auditor for Ernst & [...]

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