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Big 4 Boomerang: The One Who Left Too Soon
Just as there are many people who are thinking about getting out of public accounting, there are others who want to go back. Here's an email we received earlier this week:I was "2 and out" at a Big 4...
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David Cay Johnston Would Like To See More News Articles About More IRS
David Cay Johnston is no stranger to this website, though this website is possibly guilty of the crime he complained about in the Columbia Journalism Review yesterday:Last week, we pointed to a piece...
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Footnotes: May Day; Mayday! | 05.01.13
Dylan Prime - the steakhouse, not a person - has filed for bankruptcy after being shut down for non-payment of sales taxes. Moo! [Bloomberg]Facebook's chief accounting officer David Spillane is no...
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ANR: IRS Digging Up Viacom Chairman's Past; Bob Evans' Accounting Error; Paul...
Billionaire Redstone Challenges IRS on Tax for 1972 Gift [Bloomberg]The IRS told [Viacom Chairman Sumner] Redstone earlier this year that he owes $1.1 million in taxes and penalties, plus interest,...
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Comp Watch '13: Considering a Mark of the Big 4 Beast
I suppose if public accounting firms were looking to brand their employees, offering them a 15%-no-questions-asked raise would be the way to do it:If your company offered you a pay raise to tattoo its...
View ArticleIt'll Be Nothing Short of a Miracle for Meaningful Lease Accounting Reform to...
Since FASB Statement No. 13 was issued in the mid-70s, businesses have managed to develop a lot of creative ways for classifying some of their future obligations as operating leases, thus keeping those...
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AICPA Attempts to Tie Expired Payroll Tax Cut to Normal American Behavior
Are you irritable? Sleeping less? Impatient with your friends? Putting on weight? Thinking about divorce? Yes? Sorry to hear, you must be going through a stressful time.Oh, wait, are you an American?...
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Footnotes: What if Herbalife Can't Find a New Auditor?; About That IRS...
IRS Grabs Man's Tax Refund to Recoup Social Security's Alleged $895 Overpayment to Mother 42 Years Ago [TaxProf]Herbalife Ltd. is trying hard to find a new auditor — but what if it can’t? That would be...
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Accounting News Roundup: 'Stupid is as stupid does'; Takin' It Easy with New...
U.S. Economy Adds 165,000 to Payrolls [WSJ]U.S. job growth picked up in April and the unemployment rate ticked down again, suggesting steady but still-measured economic growth. Employers added 165,000...
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Meet Your High-Strung CPA Exam Candidate of the Week
Dude. Breathe.tip:I nearly had a heart attack when I received an email from Prometric with the subject line: "IMPORTANT MESSAGE FROM PROMETRIC REGARDING YOUR SCHEDULED EXAM AT SITE ****"...The email...
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Maryland Does Love Itself Some Mortgage Interest Deduction; North Dakota a...
[A] report issued by the Pew Charitable Trusts – an independent nonprofit organization and the sole beneficiary of several trusts established by heirs of Sun Oil Company founder Joseph N. Pew –...
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The First Batch of Q2 CPA Exam Scores Are Here!
NASBA hasn't tweeted about it yet but everyone else is.Happy Friday! Except to the losers, no happy Friday for you, losers.
View ArticleFootnotes: Shareholders Gone Wild; House Bill Goes After SEC; Tax Season...
One of the highest-paid U.S. corporate bosses lost his job Friday, as investors at Occidental Petroleum Corp. OXY +3.03% made Chairman Ray Irani the latest victim of a rising wave of shareholder...
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ANR: Roland Berger Fighting Off Big 4 with a Stick; Is There Such a Thing as...
Deloitte, PwC, Ernst & Young mull buying Roland Berger -sources [Reuters]Financial consultancies Deloitte, PricewaterhouseCoopers and Ernst & Young are interested in buying peer Roland Berger,...
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Why Yes, Tax Reform Can Get More Complicated
Juggling all the aspects of income tax reform is quite a task. Here's a mind dump of a few of the elements involved:CreditsDeductionsTax-exempt incomeThe treatment of pass-throughsHow much marginal...
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Ex-KPMG Chairman Tim Flynn Still Has Some Game Left
According to Institutional Shareholder Services, TFly is only member of JPMorgan's risk policy committee who is meeting expectations: An influential shareholder advisory firm has recommended that...
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Former KPMG Partner's ex-Golf Buddy/Co-conspirator Pleads Guilty in Insider...
Bryan Shaw, the man who provided ex-KPMG partner Scott London with Springsteen tickets, discount Rolexes, and black paper bags filled with cash in broad daylight, pleaded guilty to one count of...
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Some Dumb German Dude Thinks We Should Tax Killer Cats
Naturally, my esteemed colleague Colin sent me this Forbes article to write up, presumably because I am the resident crazy cat lady around here. I'll take it. Fortunately Taxgirl took it before I...
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Footnotes: Lauryn Hill's Ooh La La La; GT's new South African acquisition;...
Mexico aims to overhaul tax system, raise revenue [Reuters]Grant Thornton has acquired PKF in South Africa. [BDLive]CPA Trendlines suggests this was the worst tax season ever. Do you agree? [CPA...
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What to Do When You Get a Big Pay Raise
When that first huge chunk of money hits your bank account, you may just get stars in your eyes. The accountant in you is screaming, be smart, but this ability to finally afford those expensive meals...
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