Going Concern

AUGUST 11, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Accounting and advisory firm Grant Thornton trimmed about 3% of its ranks in June. What drew you to the field of accounting?

Account 74

Account accountant accounted audit 74

ThomsonReuters

APRIL 25, 2024

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

South Dakota 52

South Dakota Rhode Island New Hampshire Wyoming 52

Going Concern

DECEMBER 27, 2022

If a PCAOB-registered accounting firm is a defendant or respondent in an administrative or disciplinary proceeding that was initiated by another regulator, that firm has to let the PCAOB know by filing Form 3, Special Report , within 30 days after the event. KCCW Accountancy Corp. – $20,000 civil money penalty and censure.

Utah 60

Utah Pennsylvania auditor audit 60

CPA Practice

APRIL 5, 2024

Taxpayers in Washington will pay the most on everyday expenses ($83,014), followed by those in California ($78,191), accounting for food, clothing, personal care, and entertainment. Utah $1,397,411 $493,368 35.3% Utah $1,397,411 $493,368 35.3% Connecticut $1,731,261 $855,307 49.4% Vermont $1,442,094 $651,434 45.2%

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

PYMNTS

MARCH 19, 2020

The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). The headquarters will be in Salt Lake City, Utah. The new bank anticipates opening next year.

Utah 110

Utah accounting and finance Finance Retail 110

CPA Practice

DECEMBER 14, 2023

Johnny Welborn, Texas Elite 25 Teresa Barton, Utah Jeri Beckham, Texas Frank Calise, Ariz. Teresa Barton, Utah Farooq Bawa, Ill. Amie Fuller, Utah Michelle Gillespie, Pa. He earned his bachelor’s degree in business administration from the Principia College and completed accounting courses at the University of Missouri (St.

Iowa 52

Iowa Texas Utah Ohio 52

CPA Practice

OCTOBER 18, 2023

While every industry has outliers when it comes to technology adoption, i.e. adoption that is either faster or slower than the median for a particular group, historically, the accounting profession has trended toward inertia when it comes to making technology changes.

Technology 110

Technology Utah accounting software Maine 110

CPA Practice

JANUARY 30, 2024

NDH Advisors has acquired Houston-based CPA firm Jain & Jain—the second transaction the Chicago accounting business has made in as many months. NDH’s first foray into M&A was last November when it acquired Leawood, KS-based tax and accounting firm Stratus Group. Terms of the deal weren’t disclosed.

cpa firm 52

cpa firm CPA Utah Texas 52

CPA Practice

DECEMBER 13, 2023

States with the highest level of interest in side hustle jobs in 2023 are Washington, Oregon, Idaho, and Utah – which could mean that the western U.S. is feeling the economic impact the most. States with the least interest in finding a side hustle are Florida, Vermont, and Maine – all of which are on the East Coast.

Rhode Island 105

Rhode Island Oregon New Hampshire Vermont 105

PYMNTS

DECEMBER 29, 2020

Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit scheme in the U.S., In Utah, Korkmaz worked with Jacob and Isaiah Kingston, brothers and executives of a Salt Lake City-based biodiesel company.

Utah 67

Utah Tax corporate accounting Government 67

CPA Practice

SEPTEMBER 25, 2023

The complete TAG Alliances Advisory Board includes: Kurt Baker of ESV Business advice and accounting (New South Wales, Australia – TIAG); Mariano Batalla of Batalla (Costa Rica – TAGLaw); Basil Bielich of Atla Group (Isle of Man – TIAG & TAG-SP); Gbenga Biobaku of Gbenga Biobaku & Co.

New Hampshire 105

New Hampshire Massachusetts CPA Real Estate 105

CPA Practice

DECEMBER 19, 2023

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. Loved by entrepreneurs, accountants, and lawyers, CorpNet offers transparent pricing, a simple ordering process, and quickly scalable software and API solutions.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

PYMNTS

MAY 19, 2020

The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. The company unlawfully enrolled customers in membership programs without disclosing that it would charge their accounts on a recurring basis until they canceled, the FTC said.

Utah 71

Utah Government Account accountant 71

Going Concern

MARCH 22, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Look no further, Accountingfly’s top remote accounting candidates of the week are here.

Minnesota 82

Minnesota cpas audit CPA 82

ThomsonReuters

JULY 14, 2022

Utah 2022). The post Court Denies Remedies for Mental Health Parity Violation appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Premera Blue Cross, 2022 WL 2208927 (D. Available at [link]. Contributing Editors: EBIA Staff.

Utah 97

Utah Tax Account accountant 97

PYMNTS

AUGUST 14, 2020

Initially, the loans are available in the following states via the waitlist: Alaska, Arkansas, Connecticut, Florida, Georgia, Illinois, Massachusetts, New Hampshire, New Jersey, North Carolina, Oregon, Texas, Virginia, Nebraska, Utah, Wisconsin and Wyoming.

North Carolina 107

North Carolina New Hampshire Wyoming Nebraska 107

PYMNTS

MARCH 11, 2020

OppLoans, for example, partners with a Utah bank and charges an average of 199 percent, according to its website. Utah has no caps on interest rates. “A OppLoans and its Utah partner FinWise Bank have a rent-a-bank partnership that gives it the freedom to avoid caps in numerous states.

South Dakota 58

South Dakota Utah Colorado California 58

PYMNTS

JULY 26, 2019

FDIC) and the state of Utah for an industrial loan company (ILC) charter. The bank would be headquartered in Utah and could handle users’ deposits, according to Lee Carter, Rakuten head of banking and potential ILC CEO. Rakuten has about 13 million active users who earn rewards for purchasing products from participating merchants. .

Utah 77

Utah Retail Account accountant 77

ThomsonReuters

MAY 12, 2022

Utah 2022); Anne A. Utah 2022). The post Court Declines to Enforce Plan-Imposed Limitations Periods Not Disclosed in Benefit Denial Notices appeared first on Tax & Accounting Blog Posts by Thomson Reuters. United HealthCare Ins. 2022 WL 957200 (D. United HealthCare Ins. 2022 WL 957199 (D. Contributing Editors: EBIA Staff.

Utah 52

Utah Healthcare Tax Account 52

Going Concern

FEBRUARY 22, 2023

TL;DR Two guys and their accounting firm are accused of filing false tax returns and a touch of COVID relief fraud. 1 charging two Utah County men and an accounting firm with claiming an excess of $11 million in tax credits through a COVID-related fraud scheme. I had a call scheduled with an accountant and he never called.

Utah 90

Utah accounting firms tax return Account 90

TaxConnex

JULY 12, 2022

Sales tax is the largest source of state funding for the state budget, accounting for 59% of all tax collections. Utah has released and updated a publication regarding the sales taxation of tangible personal property attached to real property, as well as guidelines on who must collect and pay the sales tax on those sales.

Sales 178

Sales Tax Oklahoma Illinois 178

PYMNTS

SEPTEMBER 29, 2019

billion despite buying startups and building call centers in Utah and Texas, The Wall Street Journal reported Saturday (Sept. Goldman’s entry into savings accounts and credit cards resulted in early loan losses, people familiar with the matter told the news outlet. Consumer bank Marcus , launched by Goldman Sachs in 2016, has lost $1.3

Utah 65

Utah Texas Account accountant 65

ThomsonReuters

APRIL 13, 2023

Utah 2023) A group health plan participant sued the plan, its claims administrator, and her employer (as plan administrator) after the plan denied coverage for wilderness therapy for her daughter’s mental health issues and substance use disorder. Anthem Blue Cross Life and Health Ins., 2023 WL 2480053 (D. Contributing Editors: EBIA Staff.

Utah 52

Utah Tax Account accountant 52

PYMNTS

NOVEMBER 12, 2020

Dave’s digital bank account and debit card have no minimum balance requirement, no overdraft fees and access to 32,000 MoneyPass ATMs, fee-free. Galileo, headquartered in Salt Lake City, Utah, supports a variety of payment solutions.

Utah 57

Utah Account accountant accounted 57

Anders CPA

MAY 15, 2023

Once registered, employers will receive an employment withholding account number so state taxes can be withheld and remitted properly. If you have employees working in states that have state withholding tax, then the business will need to be registered with that state’s Department of Revenue “To Do Business.”

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

Shay CPA

JUNE 7, 2023

Meet with your accountant to decide if it’s right for you. States that require employers to pay out the severed employees’ final paychecks immediately or by next-business-day include: California Colorado Connecticut Hawaii Massachusetts Minnesota (if the employee demands it) Missouri Montana Nevada Oregon Utah Washington, D.C.

payroll 52

payroll Montana Hawaii Utah 52

PYMNTS

SEPTEMBER 19, 2016

Those bogus bank accounts Wells Fargo allegedly opened are looking mighty expensive for the company. Wells Fargo is now at the center of a class-action lawsuit stemming from the sham accounts scandal. The scandal hinges on the bank opening some 2 million accounts without customers’ approval or knowledge, all to hit sales targets.

Utah 70

Utah Sales Account accountant 70

Going Concern

FEBRUARY 24, 2023

What’s at risk: A legal review of the proposed changes has been conducted by the National Association of State Boards of Accountancy (NASBA). As the member organization for all state boards of accountancy in the United States, NASBA spelled out key consequences for Minnesota licensees and firms.

Minnesota 92

Minnesota Illinois cpas CPA 92

PYMNTS

OCTOBER 16, 2020

In today’s top news, Americans are struggling as savings accounts run dry, and several states are preparing their own antitrust probe into Google. Seven months into the worldwide pandemic, Americans are facing empty savings accounts, reduced unemployment benefits and no relief in sight, according to an Oct. billion in Prime Day sales.

North Carolina 58

North Carolina Nebraska Iowa Utah 58

PYMNTS

MAY 8, 2020

The retailer had opened stores again on Monday (May 4) in South Carolina, Utah, Oklahoma and Arkansas. “We Non-essential locations, with the inclusion of malls, will have to take into account old issues such as total footprint and new ones like social distancing.

South Carolina 56

South Carolina Oklahoma Arkansas Utah 56

PYMNTS

SEPTEMBER 29, 2019

billion despite buying startups and building call centers in Utah and Texas, The Wall Street Journal reported Saturday (Sept. Goldman’s entry into savings accounts and credit cards resulted in early loan losses, people familiar with the matter told the news outlet. Consumer bank Marcus , launched by Goldman Sachs in 2016, has lost $1.3

Utah 46

Utah Texas Account accountant 46

ThomsonReuters

JANUARY 24, 2022

The question arises whether a worker who refuses an employer’s vaccine mandate is eligible to collect unemployment benefits, and if so, are employer unemployment accounts impacted by those claims. Meanwhile, employers across the nation, who are not prohibited by a state law, may impose their own vaccination policy. California.

Rhode Island 119

Rhode Island West Virginia South Dakota Maryland 119

Going Concern

MAY 6, 2022

Audit rooms come in all shapes and sizes—usually small, often windowless, sometimes with chairs you can actually sit on, and almost always as far away from the finance/accounting department as possible. After eight years in public accounting, I have loads of unforgettable audit room experiences. Here are just a few. The b oardroom.

audit 60

audit public accounting auditor Utah 60

PYMNTS

SEPTEMBER 11, 2019

Inaugural members of ACFIN include state attorneys general of Alabama, Arizona, Georgia, Indiana, South Carolina, Tennessee and Utah. The report examined collections tradelines — information about a consumer account sent to a credit reporting company, generally on a regular basis — from 2004 to 2018.

South Carolina 68

South Carolina Utah Alabama Tennessee 68

ThomsonReuters

DECEMBER 2, 2021

Utah 2021). The post Court Finds No Mental Health Parity Violation, Despite Offending Plan Provisions appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Christine S. Blue Cross Blue Shield of N.M., 2021 WL 4805136 (D. Contributing Editors: EBIA Staff.

Utah 52

Utah Tax Account accountant 52

PYMNTS

SEPTEMBER 18, 2020

The startup, based in Utah, said it plans to focus on its next phase of growth, with plans to push deeper into particular industries including the insurance, healthcare and human resources arenas. million for the Brazilian company, which offers businesses an accounts receivable (AR) and invoicing technology.

B2B 90

B2B Utah Healthcare Technology 90

ThomsonReuters

DECEMBER 9, 2021

Utah 2021). The post Denial of Residential Mental Health Treatment Benefits Overturned on De Novo Review appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Premera Blue Cross, 2021 WL 5579710 (D. Available at [link]. Contributing Editors: EBIA Staff.

Utah 52

Utah Tax Account accountant 52