Please ensure Javascript is enabled for purposes of website accessibility

Accounting News Roundup: Ex-Grant Thornton Partner Sentenced for Embezzlement; A Losing Bet in Tax Court; Busy Season Just Might Kill You | 03.13.14

Ex-Grant Thornton partner gets 4-1/2 years for $4 mln theft [Reuters, Earlier]
Craig Haber will be hanging at Club Fed for a while despite his lawyer's plea for leniency: "His lawyer, Michael Bachner, sought leniency and had asked for a non-prison sentence, citing Haber's lack of a prior criminal history and his need to supervise his autistic son. But U.S. District Judge Kevin Castel in Manhattan said such a sentence would send the wrong message, saying punishment was needed in a case characterized by Haber's 'greed.' He noted that Haber's scheme ran from 2004 to 2012, a period when Haber was a partner in Grant Thornton's New York office handling tax matters and earning a total of nearly $6.9 million. 'That, apparently, was not enough,' Castel said."

Professional Gambler Bets Wrong In Tax Court – Takeout Expenses Are Gambling Losses, Not Business Expenses [Forbes]
Tony Nitti fantasizes about giving it all up to become a bookie which segues nicely into a recent story about gambling tax law. 

Working Long Hours Is Hazardous to Your Health and Your Productivity [Lifehacker]
And there's data to back it up! "The OECD, or the Organization for Economic Cooperation and Development, examined the relationship between premature death in developed countries and working hours in those countries, as reported. They then plotted the data on a scatter graph […] that put those average annual working hours against 'potential years of life lost,' (PYLL) aggregated across the population."

Mike Lee’s Tax Plan: An Intriguing Idea That Would Add $2.4 Trillion to the Deficit [TaxVox]
If members of Congress were honest and/or smart, they'd label every one of their proposed bills as "An Intriguing Idea That Would Add $2.4 Trillion to the Deficit."

Offshore Profits Avoid IRS Reach [Bloomberg Visual Data]
A fun infographic that helps illustrate offshore profits, including the 22 companies who have $984 billion — more than half of the total — outside the U.S.

Life at Deloitte involves listening to United Way campaign presentations (obviously).

How PwC surpassed Deloitte as region's top CPA firm [PBJ]
They'll take the small wins wherever they can get them!

Hockey Fans Suing Arena Over Misleading Beer Prices [AP via Deadspin]
I'm shocked — SHOCKED — to learn that the $7 beers have the same volume as the $4 beers.

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.

Comments are closed.

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 […]