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Friday Footnotes: PwC’s Head of Reputation Quits; KPMG’s New Commercial; EY Split Still on the Menu | 6.9.23

Going Concern

JUNE 9, 2023

EY CEO Sees Revisiting Potential Spin-Off in a Few Years [ Bloomberg News ] EY Global Chairman and CEO Carmine Di Sibio says the firm’s abandoned spin off of its global consulting business still makes sense and will likely be revisited “in a few years.” Ever-changing tax legislation and standards add ongoing complexity to the profession.

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Are Gifts to customers and business associates deductible expenses?

Ronika Khanna CPA,CA

DECEMBER 9, 2021

Gifts that are specifically for meals or entertainment such as a gift certificates to a restaurant or tickets to a sporting event, even if you don’t accompany the client, are only 50% deductible and should be reflected as meals and entertainment in your accounting.

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Accountant Advocate

Friday Footnotes: PwC’s Head of Reputation Quits; KPMG’s New Commercial; EY Split Still on the Menu | 6.9.23

Are Gifts to customers and business associates deductible expenses?

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