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October 1, 2023

When accounting goes unaccounted for

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Friday Footnotes: EY’s Six CEO Candidates; Deloitte UK Partner Payouts Increase Again; IIA Gets Their Way | 9.29.23 Prager Metis Just Got Thoroughly Boned By the SEC For Hundreds of Independence Violations Listen Up, Young Accountants: Career Advice For Sticking Out Those Early Years Deloitte Survey Finds Zoomers Are 3x More Likely to Fall For Scams Than Boomers So Why Don’t More of Them Work at Deloitte Longtime PCAOB Veteran and Skepticism Enthusiast George Botic to Sit on the Actual Board

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Tax

Why Yes, Tax Reform Can Get More Complicated

by Caleb Newquist

Juggling all the aspects of income tax reform is quite a task. Here's a mind dump of a few of the elements involved: Credits Deductions Tax-exempt income The treatment of pass-throughs How much marginal rates should be cut If more revenue should be raised How carried interest is treated The capital gains rate Transfer pricing […]

Tax

Members of Congress Seem Surprised That Tax Reform Meetings with Interest Groups Would Arouse Cynicism

by Caleb Newquist

Last month, the House Ways and Means Committee announced that it was creating eleven working groups to kickstart this tax reform idea that's been thrown around. At the time the effort was described as a "fact-finding mission" which is funny because facts are not something Congress is known to have a firm grasp of. REGARDLESS! This […]