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There Are Only Two Firms in Wyoming That Can Do Government Audits and One Can’t Do Its Job Because of Staff Shortages

Going Concern

Ten months after that story, here’s a specific tale out of Wyoming. Both the city and county utilize the services of Porter, Muirhead, Cornia and Howard (PMCH) — a certified public accountant based in Casper — for their audits. The firm works with the local governments to compile information for the audit throughout the year.

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Bitcoin Daily: US Sanctions Two Russians For Alleged $16.8M+ Crypto Theft; Bahamas' Sand Dollar To Launch; Kraken Gets Go-Ahead For Wyoming Bank Charter

PYMNTS

The individuals who administered this scheme defrauded American citizens, businesses, and others by deceiving them and stealing virtual currency from their accounts,” Secretary Steven Mnuchin said in the release. According to the release, the two people are also the subjects of an indictment that was made public by the Justice Department.

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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.

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Avanti Plans Real-Time Settlement Solution For Corporate Treasurers

PYMNTS

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. Avanti made its Wyoming intentions clear in February.

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Friday Footnotes: PwC Partners Get Played; Bad Accounting on the Rise; Getting to the Bottom of the Shortage | 9.1.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Check out this week’s top remote accounting candidates. Check out this week’s top remote accounting candidates. P.S. We’re off for Labor Day, hope you are too.

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Current State of Travel for Team Retreats

Summit CPA

In this episode, Jamie Nau, our host and Summit CPA's Director of Accounting/Virtual CFO, and Jody Grunden, our CEO and Co-founder, is back with Lillian Hocevar , our Travel Advisor, to talk about how the travel industry has changed since 2020 and what impact it has on team retreats.

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5 States with the Lowest Combined Business Taxes

CPA Practice

Wyoming: A tax haven for businesses Wyoming boasts one of the lowest corporate tax rates in the country, attracting entrepreneurs from around the nation in various industries. By carefully taking into account tax rates, incentives, and the overall business environment, you can make an informed decision that aligns with your goals.