Accounting News Roundup: Accounting Salaries Going Up and More Questions About Trump’s Tax Returns | 08.11.16

Salaries

There's a myth out there that millennials don't care about money; somehow employers got the idea in their heads that what really matters to millennials in a job is individuality and purpose and flexibility and instant feedback and organic produce replacing vending machines. And, yes, those are BIG priorities, but competitive salaries are important too. Just try to make all that stuff happen at once.

For the employers who aren't on board with all those demands, they're sticking with the tried and true: money. Recruiting firm Accounting Principals says accounting and finance salaries will rise 2.8% next year and part of of what is driving those increases are the employers who aren't quite there on everyday jeans:

Counteroffers for job candidates are becoming more common and driving salaries higher, said Kathy Gans, a senior vice president for Accounting Principals. Millennial job seekers in general are seeking flexible schedules and a relaxed workplace culture, and employers that don’t offer those perks may have to pay extra to fill positions, she said.

But many employers of accountants have taken steps to make their jobs more appealing, embracing flexible schedules and casual dress in the hopes of attracting the best talent. Gans said the profession hasn’t completely transformed but has made progress toward changes that should attract a new generation of talented people.

But my absolute favorite quote in this article is this one:

“I can’t stress that enough,” [Gans] said. “Even if somebody likes a relaxed work environment and working for authentic leadership, which I’m seeing more and more, there’s still the demand for professional communication and professional representation of yourself in the workplace.”

As if millennials won't be completely satisfied with their work environment until they can drop all the professional pretense, demanding total workplace anarchy. Come on.

Donald Trump's tax returns

"Is Donald Trump Really Being Audited by the IRS?" is the headline at Newsweek and I suppose that was the only question left to ask. Sure, his lawyers released a letter stating he was under audit but that's the only evidence we've seen; there has to be correspondence from the IRS, so why not release that?

After Newsweek asked for a copy of the IRS audit letter sent to Trump, a campaign spokesperson last week pointed to the campaign’s website and the letter that was released by Trump’s attorneys at the Washington, D.C., firm Morgan, Lewis & Bockius. A follow-up query to the campaign asking for a copy of the actual IRS audit letter itself has gone unanswered. Newsweek offered to accept a redaction of any personal information that might be in the letter, such as a Social Security number, although generally audit letters contain just a name and address, which in Trump’s case is well known to be Trump Tower.

In lieu of producing the audit letter, there’s really no proof that Trump is being audited.

Ordinarily, this would be a perfectly sound line of attack — to ask for proof or confront the candidate with evidence that contradicts prior statements. But for this particular candidate, this tactic is futile. 

Elsewhere in questions/headlines that are unlikely to be answered: Is a Crook Hiding in Donald Trump’s Taxes?

Previously, on Going Concern…

Greg Kyte debuted his new editorial cartoon series, "Exposure Drafts." And in Open Items, a SALT senior wants to transfer practices.

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