Accounting News Roundup: Don’t Expect Tax Reform; IRS Smokes Marijuana Profits; BDO Takes Ohio | 11.05.14

Tax-Law Revamp an Uphill Climb With Republican-Led Senate [Bloomberg]
It's good to manage your expectations.

EXCLUSIVE: One of Cincinnati’s biggest accounting firms merges with national company [Cincinnati Business Courier]
SS&G Inc., one of the largest accounting firms in Greater Cincinnati, is merging with an accounting firm that's among the nation's 10 largest. Chicago-based BDO USA will add SS&G to its operations as of Jan. 1 through a transaction the firms announced Wednesday. BDO is the seventh-largest accounting firm in the country, according to Accounting Today, but it's never had an office in Ohio.

The best piece of advice ever – choose to be extraordinary! [MACPA]
Or just be bitter. It's your choice.

Marijuana profits up in smoke under IRS rules [USA Today]
Not happy: "I believe that the feds extend the drug war through 280E," said Jordan Cornelius, a Denver accountant who has worked with Woolhiser and many other marijuana companies in Colorado. "If (the federal government) can't put them out of business legally when voters are mandating these businesses to move forward, it's very easy to put them out of business financially."

At least one person is happy with how the election turned out yesterday [Twitter]


Is the IRS Office of Professional Responsibility in Decline? [Tax Analysts]
You're going to have to define decline.

Accountant smashes up his OWN new car – for the most bizarre reason ever [Mirror]
The bus was letting him down, so he got a car. Then the car let him down. Seems this young man has an anger problem.

Show Me State Governor Tweets Photo of Butt Crack Voting [Gawker]
They showed you, alright.

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