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Friday Footnotes: Remembering Legend Sid Kess; Andersen’s Doing Great; Poland Banned Deloitte From Auditing? | 9.22.23

Going Concern

People Ken Miller set to retire after more than three decades of service [ Virginia Tech ] After more than 35 years of dedicated service to Virginia Tech, Ken Miller has announced his retirement. economy, including employment, labor income, and tax contributions to federal, state, and local governments.

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Friday Footnotes: PwC Partners Get Played; Bad Accounting on the Rise; Getting to the Bottom of the Shortage | 9.1.23

Going Concern

Audit Battle lines drawn over auditors’ role in combating fraud [ AccountancyAge “Patisserie Valerie pushed the issue of auditor responsibility [for fraud detection] to the fore after so many accounting scandals. Despite receiving the completed and accurate tax returns from the accounting firm, Patrick did not file them with the IRS.

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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

More is being asked of accountants, auditors and financial service providers than ever before. Ever-changing tax legislation and standards add ongoing complexity to the profession. Susan stated that McCreath’s work ethic slowed down during the pandemic after being tasked to complete tax returns for clients.

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Sales tax and nonprofits

TaxConnex

But as always with sales tax, rules vary state to state. In Virginia , the annual administrative costs of the organization, including salaries and fundraising, must not exceed 40% of its annual gross revenue to qualify for an exemption. Most states, like Michigan , require special registration for exemption.

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Friday Footnotes: CPA Says Stop ERC Fearmongering; Deloitte Cussed Out For ‘Grueling Culture’; Worst Books Ever | 2.23.24

Going Concern

Top Remote Accounting Candidates: February 22, 2024 Law & Order Co-Owner of Media Brokerage Firm Sentenced for Filing False Tax Returns [ Department of Justice ] According to court documents and statements made in court, Susan K. Q: What advice would you give your student working on their first project as qualified auditor?

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Friday Footnotes: EY Partners’ Snazzy Secret Meeting; PwC Talks Layoffs; Merger Mania! | 8.19.22

Going Concern

NoVa accounting firm absorbs second Richmond peer in 5 years [ Richmond BizSense ] Driven in part by a tight market for talent and a partner’s retirement, a Richmond accounting firm has merged into a larger competitor from Northern Virginia. Kimble CPAs, a 14-person firm in the West End, last month became part of Alexandria-based KWC.

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Friday Footnotes: Working Late; The Year of the ESOP?; It’s Not Layoffs, It’s “Repositioning” | 1.5.24

Going Concern

Imagine the dirty looks PwC partners get from the other Big 4 partners at the country club now [link] — Going Concern (@going_concern) January 4, 2024 Office Space Armada Hoffler Finalizes Lease with KPMG LLP at Town Center of Virginia Beach [ Yahoo!