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Footnotes: Also: 'Overrated'; Baucus to Say Buh-Bye; BlackBerry's Keyboard...
Baucus, Powerful Montana Democrat, Will Leave Senate [DealBook]KPMG Insider Trading Scandal "Overrated": Chairman [Reuters]State Income Tax Collections Per Capita [TF]IRS overpaid up to $13.6B in...
View ArticleAccounting News Roundup: Tax Reform Gets a Boost From Baucus; KPMG's Arthur...
S.E.C. Gets Plea: Force Companies to Disclose Donations [NYT]A loose coalition of Democratic elected officials, shareholder activists and pension funds has flooded the Securities and Exchange...
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Baker Tilly Bags One New York Accounting Firm; Looking for the Next One
Today in obscure firm merger news, Baker Tilly and New York-based Holtz Rubenstein Reminick have professed their love for each other and are entering into a holy union on June 1st. "We've been looking...
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This Farewell Email Is Auditing 'Til the Very End
Over the years, we've seen a ton of farewell emails. While they run the gamut from self-absorbed nonsense to babbling bullshit and everything in between (heavy on the bullshit, of course), there's one...
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This 15 Year Old Who Has Never Made Money Probably Knows More About Money...
From the NY Times "Bucks" blog:“My future’s holding a jobWorking hard all dayThrowing money in the bankToward my 401(k).”Those are the words to a rap by Blake McGuire, a 15-year-old high school...
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John Veihmeyer Has a Friendly Message To New Associates In the Wake of KPMG's...
A tipster has sent us this lovely email from the Veihz that basically shows when in a crisis, it's best to face it head on and make sure your new associates do not regret their decision to join your...
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Footnotes: Auditor Musical Chairs in the EU; O Canada!; New Benjamins Are...
Listen, your right-wing friends are going to freak out about this but actually read the article and you'll discover the government isn't really wasting money on account fees for empty accounts because...
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Accounting News Roundup | 04.25.13
H&R Block: IRS clears returns affected by glitch [AP] H&R Block says the Internal Revenue Service has finished processing most returns affected by a software glitch. The Kansas City-based tax...
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After Filing Snafu, H&R Block Making It Up to Customers in Most Superficial...
Kinda like a thoughtless relative or friend who completely forgot your birthday: “H&R Block appreciates that the issue involving the filing of Form 8863 this past tax season may have frustrated and...
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KPMG, in the Midst of Grief, Is Reminding the Academic Community of Their...
The KPMG apology tour continues. Well, maybe it isn't an "apology tour." It's more like, "KPMG: We can explain," tour. Actually, no, it's not that either. It's more of a "KPMG: Can you believe what...
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Let's Play a Game of Accountant/Not an Accountant!
With Caleb running around in DC trying to rub elbows with legit tax dorks today, we need something fun around here. So let's play a game of accountant/not an accountant, shall we?Here's how it works....
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This Guy Can't Hold a Pencil But He Has a Spreadsheet of the 6,000 Chinese...
Oh, and we're telling you about him because he is a lawyer/CPA:He doesn't use chopsticks, he doesn't like eggrolls, and his wife thinks the whole idea is "silly," but third-generation Chinese American...
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ICYMI: BDO Picks Up Skechers After...Ya Know
Bravo Delta Oscar has come to Skechers' rescue and will re-audit the two years worth of financial statements that KPMG abandoned after we learned that Scott London spent some of his billable hours...
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Footnotes: PwC's 'Extraordinary' Tax Avoidance Structure; Tiptoeing Around...
Europe imposes mandatory rotation on audits Under reforms drafted by British MEP Sajjad Karim, companies will be obliged to change their auditor every 14 years - although this may be extended to 25...
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ANR: Brits Bring the Heat on Big 4 Over Tax Avoidance; The Fraudster You...
'Big four' accountants 'use knowledge of Treasury to help rich avoid tax' [Guardian]The so-called "big four" accountancy firms are using knowledge gained from staff seconded to the Treasury to help...
View ArticleSenators Look to Expand Eligibility for a Successfully Dysfunctional Tax Credit
Today, Senators Dick Durbin (D-IL) and Sherrod Brown (D-OH) introduced legislation that will not only extend the Earned Income Tax Credit, but will also expand its eligibility. Both men are keen on the...
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The Pioneer Press Has Crowned Its Sexiest Accountant(s)
Back in February, Minnesota's Pioneer Press was on the hunt for the state's sexiest accountant. The search is over.34-year-old Charlie Metzig of Roseville was nominated by his wife Brittany (cue a...
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Footnotes: Let's Get to Know the New 3.8% Net Investment Tax | 04.26.13
Overview Of The New 3.8% Investment Income Tax, Part 1 [Forbes]IRS Releases FATCA Draft Forms and Warns of Deadline [AT]U.S. SEC turning to technology to spot accounting abusesGeorge Canellos, who was...
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Accounting News Roundup: PwC Dumps Las Vegas Sands; Three Accounting Firms...
Sands Casino Says Auditor Quits Account [WSJ]Casino operator Las Vegas Sands Corp. said on Friday that its auditor, PricewaterhouseCoopers LLP, resigned this week after a 25-year relationship with...
View ArticleGrant Thornton Is Movin' On Up
We appreciate the fact that the firm is enthusiastic about their growth, but this is getting ridiculous:Grant Thornton LLP has relocated its Minneapolis office within the north tower of the US Bank...
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