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Online Sports Gambling Makes Bet On Faster Payments

PYMNTS

In a new PYMNTS interview, Tom Cregan, CEO and managing director at EML , discusses the place of instant payments in the changing gambling ecosystem. But that’s not the case for online gambling, said Cregan, who noted, “It can sometimes take two or three days” for those winnings to get into gamblers’ accounts. Supreme Court.

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Wild Cards? Gambling, Payroll, Other Models Provide Fresh Fuel For Prepaid

PYMNTS

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. Placing A Bet On Online Gambling. The rise of online and mobile (legal) gambling is providing benefits to reloadable and store-value cards, and driving innovation.

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Monday Morning Accounting News Brief: EY’s Paying Big For the Everest Failure; PwC UK Delays Promotions | 2.12.24

Going Concern

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. Between a wave of retirees and a drop in the number of people graduating with accounting degrees, the whole profession is struggling to staff up. “We

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Making crypto a less taxing challenge

Accounting Insight

Whether or not you believe crypto is the next big thing (to be frank, no one can deny the huge progress the industry has made in the last few years) it’s got to the stage where accountants can’t ignore it. In its early years HMRC considered it to be gambling and therefore didn’t count any gains for tax purposes.

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Bitcoin Daily: Former Finance VP Embezzled Millions For Crypto Poker; Bitfinex, Tether Sued For Bitcoin Market Manipulation

PYMNTS

Dennis Blieden pleaded guilty to federal criminal charges for embezzling more than $22 million from StyleHaul and then using the stolen money to expense his lifestyle, as well as to participate in crypto-currency gambling.

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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

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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Missouri Bill Reintroduces R&D Tax Credit and Changes to State and Local Tax Treatment and MO Works Program

Anders CPA

This pending legislation would set aside $10 million for a new R&D tax credit to help businesses finance innovation. While Missouri offers a sales tax exemption for research and development (R&D) purchases made within the state, Missouri has been without a state R&D tax credit since the program expired in 2005.