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December 1, 2022

Accounting News Roundup: Penn State’s New Path for Accounting Students; Polling Americans on Long-term Investment; Amazon and Online Taxes | 04.22.14

Management Accountants Get an Edge at Penn State [AWEB]
Smeal College of Business is offering a Corporate Control and Financial Management concentration that will prepare students "for careers in industry, government, consulting, and advisory service firms that can lead to executive positions as treasurer, comptroller, budget director, and CFO." 

Rich Buy Real Estate, Poor Want Gold [Bloomberg View]
Barry Ritholtz dives into a recent Gallup poll that asked Americans to choose the best long-term investment. The results are fascinating.

Amazon Sales Take a Hit in States With Online Tax [Bloomberg]
And the fun is just beginning! "The push by states to collect taxes on Internet purchases has gathered momentum in the past few years. Amazon collects sales tax in 20 states, according to its website. More are set to follow as the company has become a popular target to help state governments generate more revenue to cover budget shortfalls; Florida is set to begin charging a tax on May 1. States lose an estimated $23 billion a year in uncollected sales taxes from Web retailers."

Colorado loses its CIO to Deloitte [DBJ]
Government worker is good enough for Deloitte. 

What’s in a Name: The Ongoing Saga of Medbox [Roddy Boyd/SIRF]
Roddy Boyd has an excellent long read about a scofflaw trying to capitalize on the medical marijuana business in Arizona.

Pantsless man busted after mooching ambulance ride in Vero Beach [OTB/TCPalm]
Just another day in paradise: "When Indian River County Sheriff's deputies discovered Timothy Torfonz Baker Jr., 20, he said he'd had booze, marijuana and 'possibly' crack cocaine. The case began about 4:15 a.m. April 6 when deputies went to an address on U.S. 1 for a disturbance. An ambulance crew taking a patient to a hospital reported a man, later identified as Baker, 'jumped aboard the rear railing to their vehicle and was riding the back of the ambulance,' a report states."

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