article thumbnail

Some Guy in Montana Thinks Audit Firms Are Corrupt, Untrustworthy

Going Concern

His familiarity with the ethics exam EY auditors cheated on begins and ends with a quick Google search but as an outsider to accounting and a member of the public audit firms are meant to protect, his viewpoint is of interest. Why is some random dude in Montana opining about accounting firm ethics? Take it away, Jim !

Montana 69
article thumbnail

Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. Your client will be assigned an employer tax account number for the state. By Nellie Akalp.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Another Accounting Firm Has Had Its Data Breached

Going Concern

Spotted on JD Supra , SCP&H filed a notice of data event with the Attorney General of Montana on January 24, 2024 [ PDF ] that states the firm discovered “unauthorized access to the firm’s email tenant and storage site” from June 6, 2023 to July 12, 2023. But we are today! What Happened?

article thumbnail

Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S.

article thumbnail

AICPA Recognizes Top 2022 CPA Exam Performers with Elijah Watt Sells Award

CPA Practice

Victoria Saravia Bazoberry (New York), a graduate of the University of Notre Dame with a Bachelor of Business Administration in accountancy, is employed with KPMG LLP in New York, NY. Sells, one of the first CPAs in the U.S., was active in the establishment of the AICPA and played a key role in advancing education within the profession.

CPA 128
article thumbnail

How the 50 States Rank By Lifetime Taxes

CPA Practice

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. Montana $1,279,987 $406,829 31.8% Montana $1,279,987 $406,829 31.8% Connecticut $1,731,261 $855,307 49.4% Vermont $1,442,094 $651,434 45.2%

article thumbnail

Are Digital Ad Taxes Spreading?

TaxConnex

The ambiguity could lead to double taxation, with multiple entities paying taxes on gross receipts from the same ad being served to a viewer , and “ lawmakers have failed to take the complexity of digital advertising into account in structuring the proposed tax ,” the Foundation added.