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Monday Morning Accounting News Brief: Living in Mom’s Basement; OnlyFans Tax Investigations; Finance vs. Accounting | 12.12.22

Going Concern

“I don’t care how messy your accounting is … you’re definitely going to notice if you find an extra $8B to spend,” tweeted Coinbase Chief Executive Brian Armstrong about FTX. “​​Even the most gullible person should not believe Sam’s claim that this was an accounting error.” Lastly, “finance or accounting?”

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State CPA Society News & Updates: Feb. 2024

CPA Practice

The Arkansas Society of Certified Public Accountants (ARCPA) announced the 2024 ARCPA Student Education Fund Golf Tournament, which will take place on Monday, May 20, 2024 at the Maumelle Country Club. All net proceeds from the tournament will be used to fund scholarships to college and university accounting students in Arkansas.

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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. In addition, incorporating, of course, establishes their legal separation from the business’s liabilities sooner, which protects their personal finances from the business’s debts.

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Handling Sales Tax In-House: Job Market Challenges Continue

TaxConnex

According to TaxConnex’s recent market survey of 100 top finance professionals, most respondents (79%) say their growth plan for the next 12 months involves hiring employees out of state (as well as acquiring customers or otherwise increasing the number of states in which they’ll need to collect and file sales tax). Long term, U.S.

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Friday Footnotes: How Much Big 4 Spent on Lobbying Last Year; Super Bowl Bets; CFOs Feeling Good | 2.9.24

Going Concern

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. My buddy from undergrad works office security at one of the Big 4 accounting firms in Midtown.

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Friday Footnotes: ‘KPMG Did Not Know What They Were Doing’; Are You Boring?; PCAOB Warns About Confirmations | 3.25.22

Going Concern

These are the 5 most ‘boring’ — and exciting — jobs in the world, according to a recent study [ CNBC ] You’ll be happy to hear accounting made #2 on the most boring list. Don’t feel bad, MY job ranked #3 most exciting and I assure you it absolutely is not, I write about accounting after all. “I PCAOB Spotlight PDF here.

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Today In B2B: Small PPP Loans Cause Controversy; Bank Profits Sink

PYMNTS

Burton, the founder of a record label in Arkansas, got $78. Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

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