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Friday Footnotes: Why People Leave Public Accounting; Audit Workloads Up; Terrorist Clients (Literally) | 12.2.22

Going Concern

The following is a discussion of what I have found to be the most common reasons why people leave public accounting. Audit committee disclosures increase, right along with workload [ Journal of Accountancy ]. The Pentagon Can’t Count: It’s Time to Reinvent the Audit [ War on the Rocks ].

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What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

As many IRS audits and prosecutions have shown, this is not the case. The following states have no state income taxes, and therefore no state capital gains taxes: Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming Among the other 41 states, some are more favorable to capital gains than others.

Tax 98
article thumbnail

What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

As many IRS audits and prosecutions have shown, this is not the case. The following states have no state income taxes, and therefore no state capital gains taxes: Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming Among the other 41 states, some are more favorable to capital gains than others.

Tax 52