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Tuesday Morning Accounting News Brief: EY and PwC Get a New Scandal; Stop Trying to Make Sexy Accountants Happen | 1.16.24

Going Concern

Accountants claimed the top spot in FlexJobs’ annual ranking of the top remote jobs in the U.S., thanks to increasing demand for these skilled professionals across several industries, including finance, health care and government. A shortage of accountants in the U.S. Some went to prison for false accounting and theft.

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Overview of Cost Accounting Standards (CAS) for Government Contractors

Cherry Bekaert

Contributors: Jeffrey Annessa , Artan Ivezaj Government contracts often come with specific requirements, conditions and regulations. Among those regulations are the Cost Accounting Standards (CAS), which are one of the most common challenges faced by emerging government contractors.

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Accountant Vs. Controller: What's the difference?

Basis 365

What is an accountant? Non-controller accountants generally perform more straightforward accounting tasks than controllers. These responsibilities include internal reports, cost accounting, tax auditing, and cost accounting. Controllers manage the accounting system of organizations.

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Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23

Going Concern

Auditors say accountant shortage ramps up work pressure: CAQ [ CFO Dive ] A shortage of accountants has intensified pressure and ramped up workloads for accounting teams at U.S. companies while hindering recruitment and retention, according to 78% of audit partners surveyed by the Center for Audit Quality.

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Payroll Management for SMBs. A Simple Guide for Improving the Management of Payroll System

Snyder

Errors and mistakes in payroll Errors, whether they occur during calculations or in payroll records, can lead to wrong net pay issued to employees or incorrect amounts of taxes paid to the government. Read our guide on IRS audit red flags : how to avoid getting tax audited by the IRS. an employee or independent contractor).

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What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

Lawsuits have arisen over disputed back taxes owed to state and local governments, as noted in the Next-Gen Sales Tax Tracker , produced in collaboration between PYMNTS and Avalara. There may or may not be near-term proactivity by states to embrace such databases and educational efforts, said Peterson. Then the scrambling begins.