Here’s a Tax Guide for Nuts [WSJ]
New York is the latest state to roll out a set of odd distinctions between “food” items that are taxable (e.g. Hi-C) and non-taxable (Tang).

Most States Seen Raising Jobless Tax on Businesses [NYT]
As persistently high unemployment has drained the funds that are used to pay jobless benefits, more than two-thirds of the states expect to raise taxes on businesses this year to replenish them, according to a survey of labor agencies released Wednesday. Unemployment taxes remain low by historical standards: the survey, by the National Association of State Workforce Agencies, found that states have effectively cut the unemployment tax rate on businesses by 64 percent since the unemployment program began collecting taxes from employers in 1938.

Fiesta Bowl considers cutting ties to legal, accounting firms [TAR]
The Fiesta Bowl, which has made numerous changes to keep its status among college football’s elite post-season games, is considering whether to cut ties with its longtime legal counsel, Snell & Wilmer, and accountant PricewaterhouseCoopers. The bowl’s recently completed internal investigation into financial wrongdoing and potentially illegal behavior by employees raised questions about whether Snell & Wilmer’s lawyers and accountants at PricewaterhouseCoopers did enough to alert board members to improprieties.

Northern Oil and Gas, Inc. Announces Appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm [NOG]
Northern Oil apparently wants to play with the big boys, as they ditch Mantyla McReynolds (a BDO alliance firm) for Deloitte.

What a Coinkydink! Overstock.com Buys Naming Rights Near Courthouse [Gary Weiss]
Honestly, you can’t make this up.

Priest Questioned Over Gambling Spree After Deloitte’s Internal Audit [inAudit]
A parish priest in Ottawa, Canada has decided to end his 14-year service to the Glebe church following an internal audit conducted by Deloitte LLP that revealed several controversies involving his gambling activities.

KPMG Auditor Cleared of Taking Bribe for Work on Hontex’s Hong Kong IPO [Bloomberg]
A KPMG senior manager was cleared by a Hong Kong judge of accepting a HK$300,000 ($38,601) bribe for his work on the listing prospectus of Chinese fabric maker Hontex International Holdings Co. The prosecution failed to prove beyond reasonable doubt that Leung Sze-chit, 33, intended to accept envelopes containing cash as a reward from Chan Chau-wan, a consultant hired by Hontex for its listing, in February 2010, District Court Judge Stephen Geiser said today.

House G.O.P. Members Face Voter Anger Over Budget [NYT]
After 10 days of trying to sell constituents on their plan to overhaul Medicare, House Republicans in multiple districts appear to be increasingly on the defensive, facing worried and angry questions from voters and a barrage of new attacks from Democrats and their allies. The proposed new approach to Medicare — a centerpiece of a budget that Republican leaders have hailed as a courageous effort to address the nation’s long-term fiscal problems — has been a constant topic at town-hall-style sessions and other public gatherings during a two-week Congressional recess that provided the first chance fo reaction to the plan.

Navistar Sues Its Former Auditor Deloitte & Touche [Bloomberg]
Navistar International Corp. (NAV), a maker of medium- and heavy-duty trucks, accused its former auditor Deloitte & Touche LLP of professional malpractice in a lawsuit seeking $500 million in damages. Navistar claimed shoddy work by Deloitte & Touche accountants from 2002 to 2005 forced the company to revise its financial statements, according to a 134-page complaint filed today in Illinois state court in Chicago. “Deloitte lied to Navistar and, on information and belief, to Deloitte’s other audit clients, as to the competency of its audit and accounting services,” the Warrenville, Illinois-based truckmaker alleged in its complaint.

H&R Block names former eBay exec as CEO [KCS]
William Cobb takes over for Alan Bennett.

Congress Wrangles With Taxman’s Take in U.S. Deficit Reduction Talks [Bloomberg]
Many Republicans, determined to prevent tax increases, say federal revenues shouldn’t exceed 18 or 19 percent of gross domestic product, the nation’s total output. Senate Republicans have offered a constitutional amendment that would cap the federal take below 17 percent of GDP. President Barack Obama, meanwhile, has proposed a budget that would push revenue to 20 percent of GDP by the end of the decade and announced a proposal April 13 that would raise that number even higher.

Litigation Piling Up At Ernst & Young [Forbes]
Keeping the lawyers in business.

Warner Says Gang of Six Debt Plan Weighs $3 in Cuts to $1 in Taxes Raised [Bloomberg]
While the emerging proposal by the so-called Gang of Six won’t increase tax rates, the Virginia Democrat said it will include scrapping some tax breaks and limiting others, such as shrinking to $500,000 from $1 million the size of mortgages on which interest payments can be written off or scaling back deductions for charitable giving.

Understanding Your Unemployed Friend [The Awl]
Stop saying “funemployment”; it’s really not.

Ex-Facebook CFO, Khosla VC Gideon Yu Goes To…The San Francisco 49ers [BI]
Yu’s résumé also includes a stint as YouTube’s CFO.

Yelp Plans To Go Public, Despite Booming Private Market [WSJ]
Yelp Inc., the consumer-reviews website, is declining to seek another round of financing and instead has its sights set on going public, the start-up’s chief executive officer, Jeremy Stoppelman, said in an interview. “An IPO is back on the table for us,” Mr. Stoppelman said. He declined to say exactly when the company would look to go public, but did say “the process hasn’t officially started yet.” The seven-year-old start-up is actively looking to hire a new chief financial officer with public company experience to guide it through the process, Mr. Stoppelman confirmed.