Going Concern

Tips are the lifeblood of GC, without them it's hard for us to make fun of your firm for doing stupid things. Share those stupid things with the class so we can all laugh.

To all the people complaining about software costs, are you not increasing your fees to cover those costs? What is the % increase you are seeing YOY?

Bro how do you have 8 years of experience at PwC and don't know how to pull this off

@BlakeTOliver Thank goodness the algorithm decided I'm worthy of seeing this, first I'm hearing of this drama 😮

NASBA sent Earmark a demand letter telling me to stop criticizing their CPE standards. I said the course development process is backwards. I said polling questions are attendance checks. Apparently that's "unprofessional." My response is in the blog: blakeoliver.com/blog/nasba-cea…

Layoffs at Grant Thornton? Not seeing anything other than this Reddit post atm

I wish the IRS had a staffed and functional PRACTITIONER department. Like FULLY.

ANR: Accounting Still Not On List of "Professional Degrees" • SEC Elbowing Out PCAOB? • BDO USA Doubling Offshore Workforce: Mainly India - mailchi.mp/accountingfly/…

In 2026, the IRS has said they'll start automatically applying First-Time Penalty Abatement This is great news for taxpayers who don't have a tax pro on their side Not great news for high-variable income folks with tax pros When income swings between years, some small penalty and interest may accrue that you don't want to use this for - since it resets only every 3 years Rather, you may prefer to sit on this as an ace up the sleeve for that higher income year when the penalty and interest could be used to net more savings Note that this also applies to entities Previously, you had to call / write in to specifically request this so tax pros could be more intentional But all in all this is a net good for a majority of taxpayers

About to buy the firm I work for. We’re a legacy firm and my grandfather is the owner. I need to know the Do’s, Don’ts, and any advice you firm owners have for me. #TaxTwitter @bsuecannon @BrianDavisTax @adammarkowitzEA @tax_zack @uptonaccounting

Probably the funniest graph ever published by the FT: our 3 possible futures are either 1) infinite wealth and abundance, 2) human extinction or 3) 0.2% faster GDP growth 🤣

Do the A-list clients know this 🤔

Via @CityAM: KPMG faces staff uproar as job cuts expose communication breakdown cityam.com/kpmg-faces-sta…

Bennett Thrasher (#62 on IPA Top 100, $114 million in revenue) put out a press release that said these are the five key skills defining the next generation of CPAs: prnewswire.com/news-releases/…

ANR: SEC Proposal: Drop Quarterly Reporting • Layoffs: RSM Audit • Plante Moran Acquisition in Mexico - mailchi.mp/accountingfly/…

@going_concern Does the American Institute of Certified Public Accountants ever do anything to fight H-1B or offshoring…said another way, fight things that erode value of the CPA credential for Americans?

In a Final Rule, Dept of Education Is Unswayed By the AICPA’s Strongly Worded Letters About the Meaning of Words goingconcern.com/in-a-final-rul…

Ya think?? cc: @CpaCurt

The end of the ‘Always Available’ professional fastcompany.com/91522203/the-e…

That transparent background tho 💀