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Friday Footnotes: KPMG Accounts For Half of All Audit Fines; LGBT Accountants Dip; EY in Big Debt? | 7.29.22

Going Concern

note: fans of accounting news — all two of you — are encouraged to sign up for our newsletter to get headlines delivered to your inbox twice a week on Tuesday and Friday. The draft legislation uses a version of company income, as measured under US financial accounting rules, to determine what businesses owe in taxes.

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Tax Savings for Accountants with Gambling Clients

CTP

So, as an accountant of a gambling client, you need to have detailed knowledge about gambling winnings and losses, as well as all the rules and regulations related to tax on gambling income. As an accountant, you must analyze your client type, their category, and how much their gambling income will be considered as taxable income.

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Tax Tips for Accountants With Gambling Clients

CPA Practice

This article summarizes Zak’s insights from my recent Earmark Podcast interview to provide accountants and tax professionals with key guidance. You should also: Maintain separate bank accounts and credit cards exclusively for gambling activity. It does not account for any losses incurred.

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Monday Morning Accounting News Brief: Small Firms Beg For Big 4 Knowledge; FreshBooks Leak; Tech in Lieu of Accountants | 4.10.23

Going Concern

Smaller accounting firms have asked Big 4 to share their expertise [ FT ]: Smaller rivals have called on the UK’s Big Four accounting firms to share their audit expertise and technology, but partners at the big firms say they fear being accused of breaking competition law if they do so. It’s Monday.

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Monday Morning Accounting News Brief: AI Will Save Your Job?; Compliance Gets Some Pipeline Blame | 12.18.23

Going Concern

Hope you all are getting some good rest and merriment in the coming days, we’ll be on a low posting schedule next week with a few new things here and there should you be one of those weirdos who reads accounting news on holidays. Big Four Accounting Firms Overhired. The accounting firm is laying off dozens of U.S.

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Friday Footnotes: Working Late; The Year of the ESOP?; It’s Not Layoffs, It’s “Repositioning” | 1.5.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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Prager Metis Merges in Goldsmith Molis & Gray

CPA Practice

Top 60 accounting firm Prager Metis has expanded its presence in North Carolina by combining with Asheville-based Goldsmith Molis & Gray, a full-service tax, accounting, payroll, and consulting firm. offices in California, Connecticut, Florida, Massachusetts, Nevada, New Jersey, New York, and Virginia. 1, weren’t disclosed.