Rounding out 2024, Blake and David tackle tons of accounting news, including bookkeeping startup Bench's shutdown and the ongoing BOI reporting requirements saga. They also examine concerns about IRS Commissioner nominee Billy Long's credentials, including his "Certified Tax and Business Advisor" designation from a three-day seminar. Wrapping up, they review some of 2024's hottest stories, including declining CPA candidates, audit quality issues, and KPMG CEO Paul Knopp's Wall Street Journal op-ed about the "dying language of accounting."


Chapters
 

Bench shuts down, leaving thousands of businesses without access to accounting and tax docs

New York tax preparer called ‘the Magician’ charged for tax fraud of $145m

Billy Long, Trump’s Nominee to Lead the IRS, Touts a Credential That Tax Experts Say Is Dubious

How a Consulting Firm and Trump’s I.R.S. Pick Pushed a Problematic Tax Credit

The Dying Language of Accounting

CPAs Deliberate on the Decline of Accounting

Most Americans say a salary of $270K deems financial success

CFPB Sues Walmart and Branch Messenger for Illegally Opening Deposit Accounts for More Than One Million Delivery Drivers

Lyft Accuses San Francisco of $100 Million Tax Overcharge

IRS announces special payments going this month to 1 million taxpayers who did not claim 2021 Recovery Rebate Credit; encourages non-filers about approaching deadline to claim credits

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