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Law & Accounting

In the middle of long lineage of CPAs

Despite good salaries and job prospects in the field, sometimes college students are less than keen about going into the field of accounting. It might not be seen as exciting as some other career choices. But Mississippi State University accounting director Dr. Jim Scheiner sees it differently. “My father was a CPA and I saw how serving clients was an ...

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Public retirement system study panel urges cost-of-living freeze

A three-year moratorium on cost of living allowances, or COLAs, for Mississippi’s retired public employees is a key recommendation of a report that will be released by Gov. Haley Barbour Wednesday. The moratorium recommended by a Barbour-appointed study commission could save the Public Employees Retirement System of Mississippi about $40 million annually for three years but would deprive about 80,000 ...

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A different kind of merger

JACKSON — Brunini Grantham Grower and Hewes has proven there is more than one way to merge. In fact, the venerable Jackson law firm has pulled off a “non-merger merger.” Last month, it was announced that Brunini, founded in 1903, had been invited to join Meritas, a global network of independent, full-service law firms. The network currently encompasses 7,265 experienced ...

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'Merger-mania'

William Painter maybe the busiest man in Mississippi. The managing partner of the Jackson office of the law firm Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C., he is also the Tennessee-based firms lead strategic planner. In the latter capacity, Painter has logged some serious hours recently. “I’m hammered,” Painter said. In 2011, Baker Donelson has effected three mergers with more ...

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Savannah getting double – possibly triple – scrutiny on its convention hotel plans

When an initial market study for a convention hotel in Savannah, Ga., made rosy predictions for occupancy rates for the proposed 500-room hotel, the board that governs the city’s convention center responded with a “not so fast.” Like Jackson, Savannah has concluded that its convention center, known officially as the International Trade & Convention Center, can’t reach its potential without ...

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Alabama nabs foreign auto execs in immigration crackdowns

What’s keeping Alabama’s economic development officials awake at night? Perhaps it’s the new propensity of state lawmen to snag high-ranking executives of foreign carmakers in immigration enforcement dragnets. Over the years, Alabama put the welcome mat out for the car manufacturers to come to the state and create thousands of well-paying jobs. But strict enforcement of Alabama’s new immigration ID ...

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As a formality, Jackson will seek convention hotel partnership proposals

Though the Jackson Redevelopment Authority doesn’t expect any takers, the authority’s board agreed Wednesday to a 15-day advertising period for a developer other than Transcontinental Realty Investments of Dallas to partner with the city on a convention headquarters hotel. The JRA board sees the action as a formality and a step toward moving a final deal between Transcontinental Realty and ...

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Clock ticking on year-end tax incentives, breaks

The clock is ticking on a number of year-end tax incentives and breaks. Before companies start singing “Auld Lang Syne,” experts say they better have taken advantage of ways to reduce their tax liability through incentives and asset assessments if they want the new year to be a happy one. “It’s not too late, but businesses need to be working ...

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Hornsby has been in law for 66 years with no end in sight

It’s no exaggeration to call Clare Sekul Hornsby a legend in her own time. The lively Biloxi attorney has been practicing law 66 years and continues a full daily schedule as president of the Sekul, Hornsby & Tisdale firm. “I have no reason to cut back,” she said. “I love the law, and I’m grateful for every day. I’m blessed ...

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Race on for Jackson hotel Go-Zone bonds; some councilmen want new developer bids

TCI Realty of Dallas, a prospective partner with the City of Jackson on a convention center hotel, is racing the clock to gain a $70.1 million share of Mississippi’s tax-exempt Gulf Opportunity Zone bonds before they expire Dec. 31. Meanwhile, the nearly $100 million project faces a council increasingly skeptical about inheriting a development partner from a previous mayoral administration ...

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