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

Going Concern

Palos Hills Accountant Indicted In $7.8M Attorney General’s Office for Northern Illinois announced on Wednesday. The board said Benjamin Carter, 37, had breached five items of the tax agent code of professional and was no longer a “fit and proper person”. “Mr million in small business loans under the CARES Act, the U.S.

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Tax Season 2023 Is Officially Open! Maybe. Okay, Not So Fast.

Nancy McClelland, LLC

Tax preparers everywhere spent the past two months gearing up for yesterday’s “opening day” of tax season, January 29th. Never mind that the IRS e-file has been offline since November 18th, because it takes over two months to reprogram the systems for new tax laws, updates, and edits to tax forms.

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CPE Webinar July 18, 2023: Get Tax Ready! Solving Source Doc Gathering Issues

CPA Practice

Join SafeSend, as they share the journey of solving pain points experienced on the front-end of the tax process and define a new way to get your firm and clients tax ready! Shirley Chen is a Digital Transformation Practitioner who specializes in leading changes in the tax & accounting industry. Click here to log in.

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CPE Webinar September 12, 2023: Cybersecurity for the Tax Practitioner

CPA Practice

Jared Ballew, 2022-23 Chair of the ETAAC and Vice President of Government and Industry Relations at Taxwell; and Ann Campbell, CPA CIA and Drake Software Trainer will share an overview of the cyber threats that taxpayers and tax professionals face daily. Program level: Basic (no prerequisites required).

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Friday Footnotes: How Much Big 4 Spent on Lobbying Last Year; Super Bowl Bets; CFOs Feeling Good | 2.9.24

Going Concern

Big 4 Big Four Lobby Congress on Accounting Pipeline, AI, Crypto [ Bloomberg Tax ] PwC spent the most at $3.27 The Big Four firms targeted a portion of their millions in Capitol Hill spending last year on a pivotal problem facing the industry: shoring up a dwindling supply of qualified accountants. Tax Betting on the Super Bowl?

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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

INSIDE Public Accounting Releases Its Annual Rankings and Analysis of the Nation’s Largest, Fast-Growing Public Accounting Firms [ INSIDE Public Accounting ] “The labor shortage is a major driver behind the behavior of the IPA 100 firms,” says Charles Hylan, managing director at The Growth Partnership, IPA’s parent company.

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The Talent Pool Is Shrinking

RitaKeller

I received the following press release from the Illinois CPA Society. Is it worth it to become a CPA, in public accounting, when average partner compensation in $5 to $20M firms is half a million? Plus, flexible work arrangements make public accounting very attractive. ” – Victoria Arlen.