Please ensure Javascript is enabled for purposes of website accessibility
September 22, 2023

Accounting News Roundup: Exhibit A for Early Birth Tax Dodging; GT’s New Head of West; EY Founders’ Archives Going to Case Western | 08.15.13

Wal-Mart Cuts Profit Forecast as Higher Taxes Damp Sales [Bloomberg]
Wal-Mart Stores Inc. (WMT), the world’s largest retailer, cut its annual profit forecast after higher payroll taxes reduced customer traffic in the second quarter. […] Chief Executive Officer Mike Duke has been advertising Wal-Mart’s low prices to draw U.S. shoppers coping with elevated unemployment and higher taxes. Sales at Wal-Mart U.S. stores open at least 12 months excluding fuel fell 0.3 percent in the quarter ended July 26. Analysts estimated a 0.9 percent gain.

The true-life story of a baby born early to dodge taxes [WaPo]
For the skeptics out there.

PCAOB fixes what isn’t broken in new proposals [Lexology]
This opposition to the Board's proposals has slightly more substance than what has been offered by the U.S. Chamber.

Praxity Alliance receives boost with German & Icelandic firms [Accountancy Age]
Praxity Alliance has increased its offering with its recent signing of firms from Germany and Iceland. The second-largest alliance by fee income announced that German firm HWS would join its group. HWS has six offices in Stuttgart and Baden-Wurttemberg, employing 120 staff. Praxity also announced that ENOR, one of the top ten firms in Iceland would also join the alliance. ENOR has 11 employes and two offices.

Grant Thornton’s Irvine-based Exec Named Managing Partner of West Region [OCBJ]
Jacqueline Akerblom succeeds Joel Anik who is retiring.

Ernst & Young donates archives of its founders to university [CPA Practice Advisor]
The "Ernst & Young Founders Archive" will be part of the Kelvin Smith Library at Case Western Reserve University.

Taco Bell Starts Testing Chicken & Waffle Taco [Gawker]
This is getting out of hand.

Chinese man was nearly shipped to US in container [UPI]

Jiang Wu nearly got himself shipped to America after he locked himself in a container that was an hour away from departing on a two-week-long trip to Los Angeles. Wu reportedly mistook the container for the B&B he was staying in after a night of drinking in Qingdao, eastern China. Upon waking up the following day he had to call police to get out.


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

Funny white cat-an athlete in a yellow sports headband, lying with yellow footballs, dumbbells and a yellow alarm clock standing nearby.

Monday Morning Accounting News Brief: PwC Is Turning Work Down?; TIL the President of Nigeria Worked at Deloitte | 9.11.23

Yay it’s Monday again! Praise Pacioli, there’s actually some stuff going on this morning. Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. She has her own firm now: Stephanie Heredia’s promotion came a year too late and more than […]

Tuesday Morning Accounting News Brief: Getting Roofied at KPMG?; PwC: ‘Burnout Should Be a Concern’ | 9.5.23

Good morning and happy Tuesday. Hope everyone had a nice Labor Day, I had a productive weekend of being AFK at Meat Week (get your minds out of the gutter, it’s Fallout). Let’s get right into it. It is suspected someone spiked a colleague’s drink at a KPMG NZ get together, it isn’t the first […]