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KPMG Shoves 10% of Its Audit Partners Out the Door

We're sure you've seen this FT headline floating around today: KPMG to axe 10% of US audit partners. And if you, like most denizens of the internet these days, read…

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PwC Tells Remote Tax Staff to Get Their Butts Into the Office

So much for PwC letting all their people work remotely forever. Remember when that got headlines five years ago? See: PwC Just Announced That You Never Have To Go Back…

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KPMG Plans to Hand Routine Testing Off to AI

Did you happen to see this WSJ article from the other day? In "In This Critical Part of Audits, the Accountant’s Role Is Shrinking Fast," we're given a look into…

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Deloitte to Slash Benefits For Non Client-Facing Staff

We specifically added the non-client-facing bit in the headline soz not to scare everyone. It's rough enough out there on the front lines as it is, we don't need to…

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Uh Oh, PwC Is Up to Something

By "something" we mean "aggressively enshittifying their product." Bet clients and prospective clients will just love that. Financial Times reports that their birdies are pointing to an overhaul in consulting…

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Friday Footnotes: Partners Taking Ls; PwC Eats a Big Ol’ Fine; A Post 4/20 IRS Surprise | 4.24.26

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you're here, subscribe to our newsletter to…

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KPMG exterior with scissors overlay

KPMG Shoves 10% of Its Audit Partners Out the Door

We're sure you've seen this FT headline floating around today: KPMG to axe 10% of US audit partners. And if you, like most denizens of the internet these days, read…

Read More
exterior of PwC building

PwC Tells Remote Tax Staff to Get Their Butts Into the Office

So much for PwC letting all their people work remotely forever. Remember when that got headlines five years ago? See: PwC Just Announced That You Never Have To Go Back…

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Monday Morning Accounting News Brief: AI Boom Investor Fraud Off to a Strong Start; Do We Even Need Tax Pros? | 4.20.26

4/20 you say? Nice. In this news briefWe Shouldn't Need AccountantsFASB Tackles Gamers' Most-Hated Topic: Data CentersYou Just Gonna Let AI Agents Run Wild Like That?Ilhan Omar's Husband's Accountant Struggles…

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Friday Footnotes: PwC Partners Are Doing Great These Days; IRS Encourages Whistleblowing | 4.17.26

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you're here, subscribe to our newsletter to…

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Technology

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KPMG Plans to Hand Routine Testing Off to AI

Did you happen to see this WSJ article from the other day? In "In This Critical Part of Audits, the Accountant’s Role Is Shrinking Fast," we're given a look into…

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AI Will Be EY Auditors’ New BFF, According to EY

While staff in tax at EY US will soon be spending more time with their flesh-based colleagues due to a return-to-office mandate that requires them in the office for an…

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ICYMI: According to This AI CEO You Won’t Have to Go to Work in a Year

Commence to fantasizing about what you'll do with all that glorious free time when you lose your job to AI in 12-18 months because that's the confident prediction made by…

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Another Early AI Accounting Startup Just Bit the Dust

TIL that early AI accounting platform Botkeeper has died. I found out via this CFO Brew article which pointed to a post on Botkeeper's own site. Turns out r/accounting was…

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KPMG Brings Cheating Into the AI Age By Using AI to Cheat on AI Exams

The image is upside down because Australia. This story sounds like a joke but we assure you it is not. KPMG Australia has expanded KPMG's storied cheating repertoire by being…

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Top Remote Tax and Accounting Candidates of the Week | October 16, 2025

Struggling to Find Remote Accounting or Tax Talent? We’ve Got You Covered.If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're…

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Top Remote Tax and Accounting Candidates of the Week | October 2, 2025

Struggling to Find Remote Accounting or Tax Talent? We’ve Got You Covered.If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're…

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Top Remote Tax and Accounting Candidates of the Week | September 25, 2025

Struggling to Find Remote Accounting or Tax Talent? We’ve Got You Covered.If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're…

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Top Remote Tax and Accounting Candidates of the Week | September 18, 2025

Struggling to Find Remote Accounting or Tax Talent? We’ve Got You Covered.If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're…

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Top Remote Tax and Accounting Candidates of the Week | September 4, 2025

Struggling to Find Remote Accounting Talent? We’ve Got You Covered. If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're not…

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Here Are Tax and Audit Salaries at Top 25, Top 300, and Regional Firms

Recruiting firm Brewer Morris has released its 2025 US CPA salary guide and should you want to read the whole thing you can request it from them here. Perhaps you,…

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Friendly Reminder Not to Work Yourself to Death For This Profession

Saw this on the bird app yesterday and thought its message would be worth passing along what with 20 days remaining until April 15 and nerves as strained as ever…

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Accounting Firm Abruptly Nopes Out of Tax Season Early (UPDATE)

Ed. note: An earlier version of this article's headline stated the sheriff is investigating. The Alexander County Sheriff's Office informed us they are not investigating, only fielding calls from the…

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This Deloitte Office Has Eliminated Trash Cans at Desks to Make Staff Get Up Off Their Asses

Boston Business Journal wrote an article about Deloitte's new office in Boston and for some reason they chose to lead with this: You won’t find trash cans at the desks…

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The IRS Decided to Troll Tax Pros For 10/15

We realize the decision to run maintenance on IRS systems likely isn't made by anyone who understands deadlines but surely someone who does could inform the IT department of these…

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Top Remote Accounting Freelancers: February 3, 2024

Looking to staff up for a season or hire a freelancer for a project? Accountingfly is ready to partner with you! Gain full access to a pool of highly skilled…

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10 Essential Project Management Principles for Accounting Firms

Every accounting firm struggles with project management, with smaller practices that are rapidly expanding taking the brunt of the damage. As your firm adds new clients, takes on more work,…

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6 Ways Email is Secretly Destroying Your Accounting Firm

Email: The word itself sounds innocent, doesn't it? Kind of like "snail mail," but faster, sleeker, and without the slimy trail. But don't be fooled—email is secretly a sinister beast,…

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Don’t Grow Your Accounting Firm Out of Business! Break Up With These Unscalable Practices Now

Business growth is always a high priority for accounting firms, especially small-to-midsize practices. Take care, though, because growth can be a double-edged sword. If your firm expands too quickly or…

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Accountant Seeking Sexual Favors Rebuffed; Pelted with Flip-flops

Everyone, at some point in their life, has suffered the humiliation of making a move only to be rejected with extreme prejudice. As humbling as an experience as this is, being “showered with chappals” may be the greatest humiliation to be suffered by a man in pursuit of a woman we’ve ever heard. And naturally, this dolt was an accountant.

The woman had applied for a grant under the government’s Ashraya plan and she needed a certificate of caste to be submitted to the tahsildar. Initially Shivananda (32), the village accountant of Kavoor, refused to issue it since she originally hailed from Birur in Chikmagalur district. In the meantime, he had obtained her mobile number on the pretext of keeping her informed about the progress of the file.

But soon after, he reportedly started sending her obscene messages and later on started calling her again and again. He promised to get her a 5-cent land in Falnir in the heart of the city, provided she made some ‘adjustment’ with him. Not understanding the purport of ‘adjustment’ she sought clarification. At that point, he is said to have explicitly sought sexual favours from her.

So we envision the scenario this way: Village accountant-cum-idiot goes with, “Hey, this is an easily solvable problem but an adjustment needs to be made with me.” The woman, being completely confused, asks him to elaborate to which replies with the BJ hand gesture, or the old pointer finger through the fist routine. Then:

Declining to make any adjustment, she went home and complained to her husband, who sought help from Dalit organizations, who gathered proof by getting the messages he sent and calls made recorded. They set a trap for him and got the woman to ‘invite’ him home. When he arrived at the appointed time, he was caught hold of by the Dalit activists and handed over to the police.

But before doing that, many of them, men and women, beat him up with chappals several times over. Shivananda told the media that he had only come to check the house to verify and he had been framed. But he had no answer when asked if he had visited any other houses to verify the caste and also as why he was not carrying the relevant file when he came to visit the woman’s home.

Reactions welcome.

[source]

Accounting News Roundup: Getting Good References; CPA Super Bowl Bets; Taco Bell Says ‘Thanks’ | 01.28.11

The Secrets to Getting Good References [FINS]
One of your first moves when considering a job change should be to review your professional network for people who can serve as references. Prospective employers are likely to ask you for three or four people who can endorse you as a professional. How you ask is, of course, just as important as who you ask. There are a number of courtesies to keep in mind when you’re choosing your references.

PwC: CEOs confident, eager for talent [Vault]
PricewaterhouseCoopers timed the release of its 14th annual Global CEO Survey results to coincide with the opening of the World Economic Forum at Davos yesterday. Despite an anemic recovery in the US, the results show that CEO confidence has rebounded to pre-crisis levels, with corporate leadership eager to hit the ground running in 2011.

Prof Pees on Colleague’s Office Door [TaxProf Blog]
You’re in trouble, buddy.

CPA firms make Super Bowl wager for charity [AW]
Kolb+Co., a Brookfield, Wisconsin-based public accounting firm, has made a Super Bowl wager with Schneider Downs, Pittsburgh’s largest independent public accounting firm. “Our idea is to involve our entire offices in a team spirit day, where every employee can support their team through casual dress when they make a $5 donation,” said Tom Luken, president and CEO of Kolb+Co. “Once the Super Bowl has been decided, all proceeds will be donated to a charity selected by the winning office.”

Tax Blogosphere Buddies – Joe Kristan [TWTP]
Our friend and purveyor of Tax Update Blog, Joe Kristan, does a Q&A with Robert Flach.

If lien fits, O.J. Simpson prosecutor’s firm must pay it [Tax Watchdog]
Remember Christopher Darden? He’s the prosecutor who instructed the Juice to try on the glove. This led to Johnnie Cochran being immortalized which may have inspired the creation Jackie Chiles. For that, we are grateful. Oh, and Mr Darden has a $30k tax lien.


Taco Bell: ‘Thanks for suing us’ [CNN]
A first?

LinkedIn plans to raise up to $175 million in IPO [Reuters]
LinkedIn Corp, whose professional networking site has 90 million users, plans to raise up to $175 million in an initial public offering, according to a regulatory filing. The company, co-founded in 2002 by ex-PayPal executive Reid Hoffman, announced its intention to go public on Thursday, but did not immediately reveal how many shares would be offered or their price range.

Just So You’re Aware: Cuba Is Developing a Children’s Video Game to Promote Taxes

We assume El Presidente is cognizant of the situation but we honestly don’t know what to make of Cuba allowing any semblance of private enterprise other than we hope this means the country will get back to something that closely resembles the Havana casinos in Godfather II.


“Tributin” or “Little Tax” is expected to be available this fall and sounds like it will be quite a gas:

“It is a fun software to help children learn about fiscal policy, because since they were born in a socialist society with some gratuities, they don’t have all the elements needed to understand taxes,” project director Dagoberto Marino told Reuters in a telephone interview.

“Tributin” would show children how the money they spend when they buy candy puts in motion mechanisms that benefit their communities in the form of school improvements.

Cuba plans children’s video game to promote taxes [Reuters via Tax Docket]

The Miami Heat Bail Out Tim Hardaway

They aren’t exactly the U.S. Treasury and don’t foresee any populist outrage but Miami Heat Limited Partnership did Tim a fave and bought his 7,500 square foot manse for $1.985 million, according to Tax Watchdog Robert Snell:

The Miami Heat, one of the NBA’s hottest teams, bailed out former star Tim Hardaway, whose namesake son plays for the University of Michigan basketball team, by buying his Miami mansion and clearing up a $120,000 federal tax debt.

Hardaway, 44, ran into tax trouble in June despite being paid more than $46.6 million during his NBA career. The IRS filed a tax lien against his property and the bill listed his 7,542-square-foot mansion in suburban Miami.

For whatever reason, Tim is still crashing there but the Heat are trying to flip the pad for $2.5 mil, so if you’re in the market for 5bed/5.5bath with a full basketball court, make them an offer.

Americans for Tax Reform Is Annoyed with the ‘Tax-loving American Lung Association’

Because it’s pretty clear that the American Lung Association’s mission is to ensure everyone is paying higher taxes:

Predictably, the tax-loving American Lung Association is pushing for a massive 75 percent increase in Maine’s cigarette tax. They just think it’s the cat’s meow, curing all diseases while raising a boatload of money for state government to spend on pro-utopia policies.

Of course, that’s not how these things tend to work themselves out. For starters, Maine desperately needs jobs. An excise tax increase of this magnitude certainly will not deliver. Convenience stores count on tobacco products for roughly one-third of their sales. Government driving up the cost of cigarettes won’t help maintain payroll.

That’s because higher taxes will only further fuel migration to New Hampshire, where consumers will be able to save over $12 per carton of cigarettes. New Hampshire also levies no sales or personal income taxes. To have any hope of competing with its neighbor, any talk of tax increases must be completely off the table.

So taxes on cigarettes are off the table while cancer, chemotherapy, pain, suffering and shortened life spans are back on. Got it.

Area Man Steals Car After Learning About His Brother’s Crappy Tax Refund

Allegedly! Knowing the city of Lincoln, Nebraska like we do, it’s entirely possible that these two bros were simply still not over the Husker football team’s dismal display in the last two games of the season and this shitty refund was simply the kernel that busted the storage bin.

Lincoln police said one man was arrested after he refused to leave H&R Block when he became upset with his tax refund. And the man’s brother is accused of stealing an employee’s vehicle, according to police.

Authorities were called when Joshua Brown, 26, refused to leave the H&R Block on O Street. They said he was upset with his refund and insisted on talking with all the tax professionals in the building. Officers said they removed him from the property and cited him for trespassing and fail to disperse.

A half-hour later, officers said they were called back to the same business regarding a stolen Ford Explorer. An employee found her car and keys missing, police said.

Officers said Brown was inside the business with his brother, 31-year-old Michael Medina. Police said they found the Ford Explorer in the parking lot across from the brothers’ apartment on 10th Street. Police said Medina was arrested on auto theft charges.

Police: Man Upset With Tax Refund, Brother Charged With Auto Theft [KETV]

Is This PwC Auditor Your Next American Idol?

Everyone calm down. Steve Beguhn (we’ve finally confirmed the correct spelling) has a long way to go. But dude can sing. And he’s pretty funny.

The only problem I foresee is that I’ll have to start watching the show. For those of you on Facebook (i.e. everyone) you can ‘Like’ Steve here.

What do you guys think of Steve’s chances? Leave your well wishes or your best Simon Cowell critique in the comments.

UPDATE: Just a few particulars on Steve – he’s a Senior Associate in Milwaukee, has been with PwC since Fall of ’07 and interned prior to joining the firm full time. Oh, and he’s not in the office today, so if you’re around Steve, email me.

Accounting News Roundup: Obama’s Corporate Tax Overhaul; Mayor Doug Shulman; KPMG’s Advisory Hiring Push | 01.27.11

Obama’s Proposal to Simplify Tax Code Complicated by a Mix of Tax Breaks [Bloomberg]
President Barack Obama laid the groundwork for reducing the corporate tax rate and simplifying the tax code in his State of the Union address. He also erected a political hurdle to these efforts as they could lead to higher rates for millions of businesses. Obama said in the Jan. 25 speech that he wants to rid a “rigged” tax code of “loopholes” that allow some corporations to pay less than others, and would use the savings to reduce the top 35 percent corporate rate, one of the world’s highest. He also called for “millionaires to give up their tax break” after an extension of Bush-era tax cuts expires in 2013.

Blue-Ribbon Panel: Just Tweak GAAP for Now [CFO]
The blue-ribbon panel charged with addressing generally accepted accounting principles for private companies presented its recommendations to the Financial Accounting Foundation on Wednesday, in the form of a 70-page report the FAF is slated to consider at its next meeting in February. At its core, the report urges the FAF to create a separate board to modify existing GAAP for the needs of private for-profit companies, allowing for “differences, where warranted, in measurement, recognition, and presentation, and not just disclosure” between public and private companies. However, it stops short of asking for a radical departure from current norms. “At least in the near term, the system should focus on making exceptions and modifications to U.S. GAAP,” the report reads, “rather than move toward a separate, self-contained GAAP for private companies or a wholesale reorganization of GAAP.”

University of Texas at Dallas team takes top honors in AICPA competition [AW]
The students from the University of Texas took first place this past weekend in a national case competition sponsored by the AICPA that focused on enhancing sustainability practices at a business. For winning the AICPA Accounting Competition January 21, the team from Texas, which called itself Eco Consulting LLC, was awarded $10,000. Eco Consulting was comprised of students Dariel Dato-on, Diane Henry, Jinson Jose, and Jennifer Rauschuber. The students were advised by director of undergraduate accounting John Barden, CPA.

‘I’m like a mayor of a medium-sized city’: An interview with IRS Commissioner Douglas Shulman [The Federal Coach/WaPo]
Like Wasilla?


KPMG advisory recruiters talk hiring [Vault]
This explains the flurry of emails from experienced hire recruiters.

Stewart CEO Leaves To Be Missionary After Differences With Chairman [Dow Jones]
Now who’s doing God’s work?

Lawsuit alleges San Carlos bookkeeper embezzled $4.8 million [SJMN]
The guilt finally got to Georgia Engelhart, who spent the last 30 years stealing the money from Don and Carole Tanklage’s company. She admitted to the embezzlement in a letter to the couple.

New York Will Probably Make Old People’s Lives Difficult If They Move to a Low-tax State

There’s a state fiscal crisis after all. Plus, old people have all the money.

[H]igh-tax states do not like to lose high-income emigrants, and will check to make sure that former residents really have moved and are not simply pretending that their winter home is their permanent domicile.

“New York is the most aggressive, probably followed by California,” said Bob Meighan of TurboTax. “New York has a long reach and will go after retirees, in particular.”


And one more thing – keep those receipts!

David Moise [of] WeiserMazar[s], said that there are two forces at work there. “More people are leaving because of the disparity in income and estate taxes, and New York is becoming much more aggressive about examining those people because there’s much more of a need for revenue,” he said.

“The state will come in and ask for ‘clear and convincing evidence’ that a person who keeps his New York ties has really moved to Florida, or elsewhere,” he said. At WeiserMazar[s], clients have had to produce phone bills, credit card statements, apartment measurements and EZ pass receipts to prove that they no longer spend most of their time in New York.

Low-tax states attract budget-conscious Americans [Reuters]

Accountant Helps Truth or Consequences, New Mexico Live Up to Its Name

As you might expect, it doesn’t have a happy ending.

Police say a Pueblo accountant suspected of setting fire to his ex-wife’s home committed suicide during a brief standoff with authorities outside of Truth or Consequences, N.M.

Pueblo Police Sgt. Mark Duran says 50-year-old Myron Todd Thomas immediately became a suspect in an arson fire early Tuesday at his ex-wife’s home. Police issued an alert to law enforcement in New Mexico and elsewhere.

Sierra County (New Mexico) sheriff’s deputies and New Mexico police contacted Thomas north of Truth or Consequences, about 380 miles south of Pueblo Tuesday afternoon.

Against a Picturesque Backdrop, Jim Quigley Talks Deloitte’s Hiring Spree, Obama’s Tone and Igniting the Entrepreneurial Spirit

Quigs sat down with Fox Business’s Liz Claman and hasn’t even tweeted about it!?!? Whoever his ghost tweeter is, they need to be replaced immediately.

Sidebar: has anyone noticed JQ’s new spectacles? Thoughts on the visible breath, scarf choice and Liz Claman’s interviewing technique are encouraged.