October 5, 2022

Accounting News Roundup: Heard the One About Corporate Tax Reform?; PwC Alum Has Your Fitness Resolution Solution; The Year(s) of New Revenue Recognition | 01.06.14

Abolish the Corporate Income Tax [NYT]
Sounds like a well thought-out resolution. Some time in February we'll hear about the circumstances that led to its failure.

Accountant launches fitness enterprise [CE]
Brent Kruithof, a PwC alum, developed FLYUP Fitness whose concept is: "I’m just a Corporate Joe, I’m an accountant. I’ve created a product that can be used by beginners and elite athletes to get in a really good workout."

My Safest Prediction for 2014: New Revenue Recognition Rules that Nobody Wants [Accounting Onion]
That, and the likelihood of waiting a few more years before everything is sorted out: "
 It’s depressingly remarkable that even after 12 years of ruminations, the boards say they are going to need two or three more years to figure out how their new rules are going to be interpreted for the myriad arrangements that exist in practice."

How to Be the CFO of a Private-Equity-Owned Firm [CFO]
Finally! The two-page manual you've been waiting for is here.

In Utah, excuses abound for delinquent property taxes [SLT]
Among them: "forgot"; "[it's a] no-approval-needed cheap loan"; "fight[ing] against sharply higher tax rates". 

Nevada Supreme Court will decide whether strippers owe entertainment taxes [WaPo/GovBeat]
This sounds like a business opportunity for some Nevada CPAs.

The IRS Scandal, Day 242: Lois Lerner Is 2013 Tax Person of the Year [TaxProf]
The search engine traffic must be too good to stop. 

Pope Francis leaves New Year's voice mail for nuns in Spain [CNN]
"What are the nuns doing that they can't answer?" the Pope quipped. "I am Pope Francis, I wish to greet you in this end of the year, I will see if I can call you later. May God bless you!" The nuns were praying, obv.

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