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There Are Only Two Firms in Wyoming That Can Do Government Audits and One Can’t Do Its Job Because of Staff Shortages

Going Concern

Ten months after that story, here’s a specific tale out of Wyoming. According to the Press , there are only two firms in the entirety of Wyoming that can do government audits. That’s the most since at least 2018, and materially higher than the prior five-year average of 95 such moves, according to S&P data.

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Wyoming State Tax Updates

Withum

For the latest news and updates on Wyoming state and local tax. Wyoming Lodging Services and Marketplace Facilitators. On October 1, 2022, The Wyoming department of Revenue issued a Bulletin related to Sales and Use Tax for lodging transactions by physical hotel and transactions facilitated by Online Travel Companies known as OTCs.

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Wyoming's crypto hopes collide with economic reality

Accounting Today

So far, crypto hasn't moved the needle for the state's treasury, which is already restricted by the absence of corporate income tax.

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Bitcoin Daily: FDA Pegs Walmart, IBM For Blockchain Pilot; Wyoming State Embraces Blockchain

PYMNTS

In other news, Wyoming — America’s least-populous state — has turned its focus on blockchain, attracting a slew of new businesses as a result. The ethos of blockchain and the ethos of Wyoming are very similar,” said Caitlin Long, co-founder of the Wyoming Blockchain Coalition, according to Wired. “The

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Bitcoin Daily: Ant Financial Starts Pilot For SMB Blockchain Network; Wyoming Announces Regulations For Crypto Custodians

PYMNTS

In other news, the state of Wyoming has released several new custody rules focused on its special purpose depository institutions (SPDIs) (also known as “blockchain banks”). However, while these companies might be legally based in Wyoming, most aren’t located in the state.

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RIP BEC

Going Concern

Wyoming and Idaho were the states with the latest application deadline for BEC — November 15 — while most others cut off re-exam NTSs on November 12 and first-time NTSs on October 1. That’s right, no more written communication on the CPA exam.

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Bitcoin Daily: BoE Advisor Says Cryptos Fail ‘Basic’ Tests; Wyoming Lawmakers Float Crypto Custody Bill

PYMNTS

In other news, legislators in Wyoming have unveiled a bill that would put forward “an opt-in framework for banks to provide custodial services for digital asset property as directed custodians,” Coindesk reported. In the event that the bill makes it into law, it would consider digital assets to be property under current legislation.

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