Accounting News

• Get a Jump on Tax Season by Learning Accounting Skills
  
  Learn essential finance and accounting skills for entrepreneurs.
  Entrepreneur.  Saturday, 15 Jan 2022.
• This rarely used tax loophole is helping some bitcoin holders lower their tax bill
  
  The HIFO (short for highest in, first out) accounting method can significantly slash an investor's tax obligation.
  CNBC.  Saturday, 15 Jan 2022.
• Terminally-ill woman, 51, stormed into office to attack business partner wife, 61
  
  Susan Robinson, 61, had split up with 51-year old accountant Joanne Shaughnessy after trying in vain to stop her drinking heavily when she discovered she had incurable breast cancer.
  Daily Mail.  Monday, 10 Jan 2022.
• Ranking House GOP members demand accounting from Biden admin for COVID relief funds
  
  Ranking House Republicans sent a letter to President Biden on Wednesday requesting an accounting of how his administration has spent trillions in COVID-19 relief funds as the administration is reportedly planning to ask Congress for more.
  Fox News.  Wednesday, 5 Jan 2022.
• Why I quit an accountancy career to be a prison officer
  
  Caprice Roberts, now 25, was a trainee accountant at a top firm, when she made a huge career change.
  BBC News.  Monday, 27 Dec 2021.
• GSK appoints ex-Tesco boss Dave Lewis to lead healthcare spin-off
  
  Lewis, who is credited with driving a major turnaround at Tesco following its accounting scandal, will take up the role in January, the pharma giant said today.
  Daily Mail.  Monday, 20 Dec 2021.
• Third party to probe events before Michigan school shooting
  
  "It's critically important to the victims, our staff and our entire community that a full and transparent accounting be made," the district superintendent said.
  CBS News.  Tuesday, 7 Dec 2021.
• FIFO Vs. Specific Identification Accounting Methods
  
  BY DEFAULT, the IRS, brokerage firms, and most trade accounting programs use the First-In-First-Out (FIFO) accounting method. But there is another option called the Specific Identification (SI) accounting method.
  Forbes.  Monday, 6 Dec 2021.
• Thirteen Belenenses players test positive for Omicron Covid variant - accounting for every case in Portugal
  
  Thirteen players at Beleneses, whose match against Benfica was abandoned in farcical scenes on Saturday, test positive for Covid variant Omicron.
  BBC News.  Monday, 29 Nov 2021.
• The Case for Hiring a Loan Expert
  
  We turn to doctors, lawyers, and accountants to apply their areas of expertise, so why aren't business owners working more often with commercial loan brokers to source the most beneficial type of capital?
  Entrepreneur.  Tuesday, 23 Nov 2021.
• Dorian Thompson-Robinson accounts for 6 TDs, UCLA scores its most points ever vs. USC
  
  Dorian Thompson-Robinson wants to leave a lasting legacy in Westwood, and he did just that, accounting for six touchdowns in UCLA's 62-33 win over USC.
  Los Angeles Times.  Sunday, 21 Nov 2021.
• Place is the latest real estate company to reach unicorn status
  
  Ben Kinney and Chris Suarez's company Place, launched last year, offers business infrastructure support to targeted, high-producing agents, ranging from accounting to marketing, transaction and CRM technology products.
  Inman.  Wednesday, 17 Nov 2021.
• A Transfer Market Mystery: What's a Player Worth?
  
  The authorities in Italy are investigating dozens of transfers involving top clubs. In doing so, they might pull back the curtain on accounting practices that defy easy explanation.
  New York Times.  Wednesday, 17 Nov 2021.
• Taxes aren't the only reason Elon Musk is selling Tesla stock
  
  Most of Elon Musk's Tesla stock sales don't appear to be connected with taxes, accountants said, which could mean he will unload far more stock than expected.
  CNBC.  Wednesday, 17 Nov 2021.
• Stanley Black (SWK) Makes Accounting Changes, Updates View
  
  Stanley Black (SWK) updates its third-quarter reported earnings and projections for 2021, following amendments to its accounting policy.
  Zacks.  Monday, 15 Nov 2021.

Accountants News Headlines and News Summaries