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February 3, 2023

Accounting News Roundup: Another Finance Exec Breaks With Tesla; Female CFOs; Who Gets the Pass-through Deduction? | 03.14.18

Tesla Treasurer and VP of Finance Leaves the Company [Bloomberg]
Susan Repo, Tesla’s corporate treasurer and vice president of finance, is headed for the door, following Chief Accounting Officer Eric Branderiz, who left last week.

Elsewhere: Elon Musk Wanted to Buy ‘The Onion,’ Now His Team’s Hiring Its Staffers for a Secret Project

Inside the Fight for More Female CFOs [CFO]
Jenna Fischer of Russell Reynolds writes that Despite female majorities for both bachelor’s degrees in accounting, and accountants and auditors in the workforce, less than 12 percent of the CFOs of the 1,000 largest U.S. public companies are women.

No One’s Sure Who Qualifies for This $415 Billion Tax Deduction [Bloomberg]
People are getting anxious for the IRS and Treasury to explain what’s what about the 20 percent pass-through deduction. Guidance is expected in June.

Should Congress Act Before SCOTUS On Online Sales Taxes? [Tax Foundation]
Joe Henchman writes that “states are creating the scenario that the Commerce Clause sought to avoid: unlimited tax authority that burdens interstate commerce,” and suggests Congress pass legislation that would replace the physical presence standard.

Previously, on Going Concern…

I wrote about the SEC fining foreign affiliates of some BIG AUDIT firms that skirted PCAOB oversight.

I interviewed Megan Scheiderich, the Director of Internal Audit at PulteGroup.

From the archives: Ohio Mistakenly Notified a Woman That She Was Due a $200 Million Tax Refund. See also: Nearly One in Four of Your Co-workers Is Not Down with March Madness Pools

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