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May 28, 2023

When accounting goes unaccounted for

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Friday Footnotes: The ERC Problem; EY Double Dips; Stress Less in Public Accounting | 5.26.23 AICPA Council Approves 12-Point Plan to Do F*ck All to Solve the Accountant Shortage Grant Thornton Layoff Numbers Are In (UPDATE) EY’s Landlord Didn’t Pay the Mortgage on the Downtown LA Office Building PwC Chief Products & Technology Officer Says Not to Worry, They Don’t Want to Replace You With AI

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Career Center

Busy Season Problems: You Deducted What?, Dumbest Conference Idea Ever, Clients Taking Ls

by Adrienne Gonzalez

It occurred to me the other day as I was setting up my bullet journal spreads for next month that it is almost April. How’d that happen? As I was casually drawing out colorful little calendar boxes, checklists, and doodles without a care in the world I remembered that there are a good number of […]

Career Center

Busy Season Problems: Sunday Funday, Lost Tax Documents, In Need of Super Powers

by Jason Bramwell

We are officially one week away until our tax pro friends complete the long, arduous first leg of busy season. And based on all the extensions they are filing for procrastinating clients, the second leg of busy season, which wraps up this year on Oct. 17, might be just as crazy. Let’s take a look […]

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Social Media

Feeling Like There Aren’t Enough Hours In the Day? You Might Be a Spuddler

by Adrienne Gonzalez

We here at Going Concern are not fans of buzzwords and some might say we pride ourselves on rebuking them. This isn’t to say that criticizing buzzwords is something one should be proud of, rather that we have so few things to be proud of that at least we can cling to this when we […]

Tax

Tax Preparers Use Valentine’s Poetry to Express Their Busy Season Problems

by Jason Bramwell

Happy Valentine’s Day! Believe it or not, our friends on #TaxTwitter possess talents that stretch far beyond understanding the tax code, deftly dealing with awful clients, drinking massive quantities of coffee, and being able to function somewhat like a human after working 80-plus hours a week. They can also write poetry! And what better day […]

Tax

Busy Season Problems: K-2/K-3 Is Not OK; Weird Smells; Shadowy JPEGS

by Jason Bramwell

From time to time we like to check on our tax peeps to see how they’re holding up during busy season. Well … there’s the new schedules K-2/K-3 requirements for pass-through entities (see Michael Rapaport’s article for Bloomberg Tax on the new IRS foreign income reporting requirements for partnerships), which is driving tax pros completely […]

Tax

#TaxTwitter Has Absolutely Had It With Clients’ Sh*t

by Adrienne Gonzalez

The last time we checked in on #TaxTwitter, they were bravely forging ahead toward October 15 deadlines. While I was combing through Twitter last week looking for tweets to include in Friday Footnotes, I noticed a theme: ragging on clients. It seems many practitioners are raising fees these days, and who can blame them? I […]

Social Media

How Is #TaxTwitter Holding Up Before the Oct. 15 Deadline?

by Jason Bramwell

About as well as you’d expect: I realized I forgot to file an extension for my brother’s return how is everyone else doing today — Lorilyn Wilson, CPA (@LorilynWilson) October 14, 2021 Got up yesterday at 7:30am. What time did I go to bed? I'll let you know when that happens. Yep, this tax season […]

Tax

#TaxTwitter Has Some Takes on NYT Article About Trump’s Taxes

by Jason Bramwell

We love our friends on #TaxTwitter, so after the New York Times released its exposé last night on how much President DJT has paid in income taxes (or the lack thereof) in the past 15 years, we knew they would have a lot to say on the matter, even though they are up to their […]