A Certain Big 4 Firm Gets Another Chance to Screw Up a State’s Unemployment Benefits System
We can’t fool you guys. Of course it’s Deloitte! Hopefully Uncle D will do a bang-up job this time for the state of Michigan, unlike some of the other state unemployment benefits systems it has handled (or mishandled) like Florida, Illinois, Colorado, and California. The Detroit Free Press reported on Nov. 15: Michigan’s Unemployment Insurance […]
If You Asked Unemployed Californians Their Favorite Big 4 Firm It Definitely Isn’t Deloitte
In case you’ve been out of the loop — which we hope you are since it likely means you’ve managed to stay gainfully employed throughout this past dumpster fire of a year — Deloitte has gotten quite a bit of hate of late over their handling of certain state unemployment systems. The most notorious has […]
Dysfunctional Couple Deloitte and the State of Florida Share a Victory In Court
On the same day Deloitte Consulting executives were taking haymakers from Florida senators during a hearing on the recent failures of the state’s unemployment system that the firm built, Deloitte and the state of Florida scored a win in the courtroom as a circuit judge threw out a class-action lawsuit against the toxic couple over […]
Some Florida Lawmakers Do Not Want Deloitte Consulting Hanging Around No More
While a circuit judge in Leon County in Florida still has to decide whether a potential class-action lawsuit against the state’s Department of Economic Opportunity and Deloitte Consulting over the shoddy and problematic unemployment benefits system D-town built and installed will continue, Florida senators are pushing forward a bill that would penalize companies (cough, Deloitte, […]
Big 4 Lawsuits: Karen Ward vs. EY, Choppies vs. PwC, Floridians vs. Deloitte Consulting
EY, Female Ex-Principal End Lawsuit Over Bias Arbitration Costs [Bloomberg Law] Have we mentioned before how much Big 4 firms love it when claims against them by former employees go to arbitration? EY and a female former principal allegedly subjected to sexual harassment, retaliation, and other sex discrimination throughout her time with the firm agreed […]
Deloitte Consulting Winning Florida’s $135 Million Medicaid Contract Has Left Accenture and IBM Feeling a Bit Pissy
This blurb was buried in today’s Politico Florida Playbook column: A $135 million Medicaid contract Gov. Ron DeSantis’ administration awarded to Deloitte earlier this month is officially being protested by two competitors who say the process was flawed, state records show. IBM and Accenture, who also bid on the lucrative contract, filed documents with the Agency for […]
Awarding Deloitte a New State Contract Just Goes to Show That Florida’s Leadership Is Dumb
Remember those Bud Light Real American Heroes/Real Men of Genius TV and radio ads that were popular 20 years ago? You know, the ones that featured Survivor lead singer Dave Bickler and saluted such folks as “Mr. Giant Foam Finger Maker,” “Mr. Footlong Hot Dog Inventor,” and “Mr. Male Football Cheerleader”? My favorite one was […]
Deloitte Sued By Unemployed Ohioans Who Are Unhappy Their SSNs and Addresses Were Visible For All to See
Welp, that didn’t take long: Deloitte Consulting LLP was hit with two suits by people who claim their personal information was exposed on state websites the firm built to administer supplemental coronavirus unemployment benefits. A group of Ohio residents sued Deloitte late Thursday in Manhattan federal court, after officials in that state, Illinois and Colorado disclosed […]
Deloitte Is Giving Unemployed Gig Workers In Some States Something Extra to Worry About
Imagine being an out-of-work independent contractor living in Ohio during this pandemic, anxious and unsure of when you’re actually going to get some financial assistance from the state because Ohio’s unemployment systems are being blown up with regular unemployment claims. Finally you get word that you can now file for unemployment benefits through the new […]
Florida Governor Is Not Impressed with Deloitte’s Handiwork
“It was designed with all these different things, basically to fail, I think. This thing was a clunker, there’s no doubt about it.” — Florida Gov. Ron DeSantis said about the state’s unemployment claims website, CONNECT, which was built by Deloitte Consulting in 2013 when Rick Scott was Florida governor. The system has pretty much […]
If No One Else Will Hire You, Maybe You Should Call Deloitte
This is from Jim Moffatt, Chairman and CEO of Deloitte Consulting, as written in The Hill: "That’s why, in January 2014, my organization, Deloitte, joined more than 300 companies – including 20 members of the Fortune 50 – in signing the White House’s Best Practices for Recruiting and Hiring the Long-Term Unemployed. We did this […]
Just What the Accounting Industry Needs, Another Article About How Great the Job Market Is
Not sure if you guys heard but the economy kind of sucks. In fact, it's kind of sucked for going on a few years now but many of you would have no idea just how bad it is because the unemployment rate in accounting is so low that all you really need to get a […]
Ernst & Young Can’t Save The U.S. Economy All By Itself Now, Can It?
Unemployment in the U.S. is a problem. This is known. Many of you are doing your part by not being unemployed. Good work! You're not part of the problem! Unfortunately, the lot of you are not able to hire hundreds upon hundreds of people and that's what we kinda need. Thankfully, professional service firms like, […]
After Today’s Job Report, Eric Cantor Can’t Imagine Why Anyone Would Think Raising Taxes Is Good Idea
” ‘Disappointing’ is an understatement,” Cantor said on the floor in a colloquy with House Minority Whip Steny Hoyer (D-Md.). Cantor was citing the jobs report for June that said only 18,000 private-sector jobs were created in that month, and that the unemployment rate increased to 9.2 percent.
“Just look at the jobs report today,” Cantor added. “I cannot fathom how anybody, how anyone thinks right now is a good time to raise taxes. Who thinks that raising taxes on individuals and small businesses can help create jobs?” [The Hill]
How Bad Unemployment Is Guaranteed to Get Worse
Editor’s Note: Want more JDA? You can see all of her posts for GC here, her blog here and stalk her on Twitter.
I try most of the time not to jerk myself off but this is important and worth paying attention to. Until the grand money laundering scheme is finally put out of commission, economic “recovery” will continue to drag, unemployment will continue to rise and credit will remain tight.
So check out “How a Jobless ‘Recovery’ Costs You… Quietly” for more on the plan to print our way out of this mess. Sort of like Enron after Ken Lay’s convenient death, it’s obvious what’s been going on once you realize the details are painfully simple.
Anyway, the strategy moving forward into 2010 will be one of cautious optimism. Hell, calling it optimism is pushing it.
Business Week (Why This Business Owner Isn’t Hiring in 2010):
Right now the Administration is proposing income taxes that are still equivalent to the rates during the Clinton era. I’m not sure how long this is going to last before the rates start going up. And I’m reading that many states are quietly raising their unemployment taxes. Some experts are estimating that state unemployment taxes could double or even triple in the next year or two. Is an increase in the Federal Unemployment Tax rate on the horizon? One expert thinks so.
Read that again just to make sure it sinks in. Increased unemployment taxes is bad enough a phrase on its own but add the words “double” and “triple” and suddenly you see small business walking blindly into the train tunnel with the 5p Bridge and Tunnel Express coming straight for it.
AccountingWeb reported the potential increase on December 17:
States that have borrowed money from the federal government under the Federal Unemployment Trust Act (FUTA) to cover their current obligations will need to pay this money back with interest.
According to the Journal of State Taxation, at least 12 states, including Michigan, Texas, and Virginia, with depleted trust fund balances had borrowed from the federal government under FUTA provisions of by the end of the summer, and others are expected to follow suit. States that accepted interest-free loans offered under ARRA (the Stimulus Act) will need to pay interest on these loans after two years.
There’s probably some really offensive translation of the FUTA acronym I’m missing here but frankly I’m just tired of having to report on this depressing shit. Looks like another exciting year ahead! Yay!