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Tax Fraud Blotter: Who ya gonna call?

Accounting Today

Taylor spent some of the money on personal expenditures, including gambling expenses. Taylor also filed multiple Paycheck Protection Program loan applications for several businesses he claimed he owned and operated, claiming that these entities had earned certain amounts of gross income and that such income had been reported to the IRS.

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Monday Morning Accounting News Brief: Firm Tells City Client to F Off; One Canadian Big 4 Firm Sucks, Dunno Who | 4.7.25

Going Concern

They gambled mostly successfully that the tax cuts would not actually end because Democrats would eventually vote to continue them. Oh and their outside accounting firm, to whom the city owes a little over $6k, quit because of it. Friday, the citys accountant firm quit. The city contracted Fulton and Kozak.

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Friday Footnotes: RSM Partner Says UK Gov Should Sell Off Bitcoin to Pay Debts; No KPMG Law Yet; Flat Salaries For Consultants | 1.31.25

Going Concern

Firm Watch Accounting firm taps longtime employee to head up Charlotte office [ Charlotte Business Journal ] RSM US has named a 13-year veteran of the company as the new leader of its Charlotte operations. Moving forward, the New York team will continue to serve its business and tax clients.

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In the blogs: It is done

Accounting Today

EDT 2 Min Read Facebook Twitter LinkedIn Email OBBBA and gambling; a billing lesson from bookkeeping; BOI 2.0; Taxable Talk ( [link] ): Why the Senate version of Beautiful was actually bigly ugly towards gambling. Tax strategies for law firm partners. and other highlights from our favorite tax bloggers.

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Tuesday Morning Accounting News Brief: Consultants Probably Won’t Be Cleaning Up Due to Trump’s Hiring Freeze; Where Are We At With 150 and Mobility? | 1.21.25

Going Concern

KPMG UK is under investigation : The accounting firm KPMG is under investigation by the sectors UK regulator over its audit of the 2022 accounts of the gambling company Entain. EYs UK arm is set to fall short of its aim most dramatically, having set the most ambitious goal. For funsies.

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Friday Footnotes: IRS Might Get Rid of Everything But English; Ex-Partner Says EY Enabled Organized Crime | 7.25.25

Going Concern

Big 4 EY whistleblower alleges firm enabled organized crime-linked global gambling networks [ ReadWrite ] A former senior partner at Ernst & Young has accused the firm of knowingly enabling organized crime-linked gambling businesses in a sweeping federal complaint filed in the Southern District of New York.

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Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer

Going Concern

TPB slaps 5-year ban on accountant involved in $26m fraud [ Accountants Daily ] The Tax Practitioners Board has slapped a five-year ban on a Sydney accountant charged with stealing $26 million through his firm to fund a lavish lifestyle and gambling addiction.