article thumbnail

In ongoing accounting crunch, where to go for sales tax help?

TaxConnex

More generally, accounting talent pool concerns are pressing even for accounting firms , as enrollment rates of accounting students continue to fall. The accounting education pipeline is drier than ever even as accounting degrees require many additional course hours. There were about 1.65 in 2022, up 1.3%

Sales 219
article thumbnail

Monday Morning Accounting News Brief: Big 4 Firms Hate Going Concern (Warnings, That Is); Being a Whistleblower Blows | 5.20.24

Going Concern

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. The situation Watson finds himself in makes a mockery of the corporate whistleblower protections that were introduced in July 2019 and inspired him to take legal action three years later.

audit 104
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Friday Footnotes: The Metaverse’s First CPA Firm Gets Sued; CPA Exam Blueprints; Mad Mergers | 1.6.23

Going Concern

FTX Customers Take Enron, WorldCom Path in Legal Fight for Cash [ Bloomberg Law ]. FTX customers going outside bankruptcy court to recover losses from Sam Bankman-Fried’s failed crypto empire are using a legal path that has worked in past collapses such as WorldCom and Enron: They’re going after the supposed enablers.

article thumbnail

Friday Footnotes: Big 4 Pride; KPMG Gets Snubbed; EY Goes on a Poaching Spree | 6.3.22

Going Concern

The release also reminded taxpayers that they remain legally responsible if they adopt a promoter’s too-good-to-be-true arrangement and its promised but illusory tax savings. As for those promoters, the IRS warned that its Office of Promoter Investigations will detect and examine their activities.

audit 98
article thumbnail

Beyond tax season: creating revenue stability year-round

ThomsonReuters

If you’re not familiar with bookkeeping services, you can take courses online, and you do not need an accounting degree to perform bookkeeping services. Helping with tax audits or legal concerns related to taxes. Business tax preparation. Preparing and filing 1099 forms at the end of the year. Filing quarterly employment taxes.

Tax 102
article thumbnail

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

Going Concern

Now, we’re seeing (IRS audits) all over the country, from East Coast to West Coast, and it’s wherever cannabis is legal.” Louis also held himself out to be an accountant who prepared tax returns for pay or as a favor to friends.

article thumbnail

The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

Going Concern

What’s at risk: A legal review of the proposed changes has been conducted by the National Association of State Boards of Accountancy (NASBA). As the member organization for all state boards of accountancy in the United States, NASBA spelled out key consequences for Minnesota licensees and firms.