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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. Therefore, there were no controls that could be evaluated.”

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Friday Footnotes: KPMG Pays High Schoolers 20 Bucks an Hour; Deloitte Cyberattacked Too; IRS on ERC | 7.28.23

Going Concern

According to his plea agreement, Fulton and his company provided bookkeeping, accounting, and tax preparation services for Wayne Joseph Nix, 46, of Newport Coast, a former minor-league baseball player who for nearly 20 years ran an illegal bookmaking business. appeared first on Going Concern. . appeared first on Going Concern.

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Tax Tips for Accountants With Gambling Clients

CPA Practice

The legalization of sports betting and online gambling has led to an explosion in gaming across America. With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers. Gambling losses can be deducted above the line as business expenses.

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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

Going Concern

ICYMI | Get Ready for the Future of Auditing [ CPA Journal ] The increasing use of technology is changing how businesses operate, which methodology and technology auditors use, and what career paths they follow. He owns Coss Bookkeeping & Accounting and is the registered agent of numerous other businesses, state business records show.

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Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

Going Concern

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline.

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Fourteen People Who Inspired Future Tax Criminals in 2022

Going Concern

Pretty sure some of these people showed up in Accountants Behaving Badly , an irregular feature we publish here when Google News results become full of accountant and bookkeeper headshots. Burnell, instead, spent the money on gambling and luxury items, including private jet trips, designer merchandise and luxury cars.

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