Please ensure Javascript is enabled for purposes of website accessibility
December 5, 2022

Accounting News Roundup: Corporate America’s Deadliest Catch; ‘We did a lot of erasing.’; Obama’s Thénardier Impression | 02.27.13

CFO: Most Dangerous Job in Corporate America [CFO]
The commercial fisher(wo)men of the white collar world.

Why America’s Charities Are So Uncharitable [Slate]
All you need is a stamp, $400, and to fill out some forms. A charitable purpose? Not really.

The Home Office in the Spotlight [WSJ]
The outcry surrounding a decision by Yahoo Inc.—led by new Chief Executive Marissa Mayer—to end work-from-home arrangements has shown just how strongly many companies and employees have embraced remote work, but it also underscores tensions between workers' need for flexibility and their need for visibility. Companies tout working from home as a benefit that helps recruit and retain talent over the long term, but workers may be missing out on the personal contacts that get them promoted. Clichés about the water-cooler aside, many managers say having workers in the office makes sense, given greater emphasis on collaboration and group projects. And despite studies showing that home-based workers may be more productive than their cubicle-bound peers, remote workers must also combat the perceptions among managers and colleagues that they're not spending the day goofing off.

Woman found guilty of lying to IRS agents investigating boss [LVRJ]
A boss accused of a $190 million Ponzi scheme. 

Veteran accountant Jerry Miller evolves with time, technology [TSR]
Wanting to murder an annoying client 30 years ago was much more justifiable: "When I first started, we used to prepare tax returns by hand. And we always did them in pencil, because often we’d get toward the end and the client would bring in another piece of information that would change three or four different numbers. We did a lot of erasing."

2012 Tax Journal Rankings: Virginia #1, NYU #2 [TaxProf]
Elder Law Journal, Florida Tax Review, and Tax Notes round out your top five.

New agenda process seeks transparency for FASB, GASB [JofA
Plus, a committee of overlords will set the agendas, rather than one all-powerful debit-and-credit master.

Internet Gambling Scores Its Biggest Win [WSJ]
New Jersey on Tuesday became the biggest state yet to allow regulated online gambling, establishing a template that proponents hope other states will follow for a business that federal authorities long treated as a criminal enterprise. The new law allows Atlantic City's casinos to run websites that take bets on games such as blackjack, slots and poker. It also could help legitimize online-gambling companies whose executives the U.S. Justice Department once targeted for offering the same kind of Internet wagers.

Hoarders, wreckers and the Accumulated Earnings Tax [Tax Update]
Interesting news for über-tax wonks.

Estate Taxes After ATRA [TPC]
And now something for the estate planning folk.

Taxing the Rich, Thenardier-Style [Jeremy Scott]
President Obama seems to be taking tax policy advice from the musical’s comical antagonist, Thenardier. Just like Thenardier hides the true cost of his services from customers by using surcharges and hidden fees, Obama would like to raise taxes on the rich by doing everything but attacking the problem head-on.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

a dog wearing VR

Monday Morning Accounting News Brief: Deloitte on Microtransactions; More EY Split Roadblocks; Have You Become Irritable? | 11.28.22

Happy Monday! Here’s some stuff that’s going on. Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. KPMG […]

woman working on a laptop with a dog beside her

Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]