John Brian Fast, CPA

Accounting, Auditing, Taxes, & Technology

The IRS grab-bag: miscellaneous deductions

  Looking for deductions? You may find that you are able to deduct certain miscellaneous costs that you pay during the year.  

Another “Big Four” accounting firm found lacking in independence

  PricewaterhouseCoopers (PwC), one of the “Big Four” accounting firms, will pay $25 million and be banned for two years from some consulting work to settle New York state regulators’ allegations that the accounting firm mishandled its work for Bank… Continue Reading →

Alibaba’s big IPO may be delayed by accounting snag

  On Friday, August 16, Alibaba, the giant Chinese e-commerce conglomerate, announced that it had discovered suspicious accounting at one of its recent acquisitions, the ChinaVision Media Group, a Hong Kong film company that it bought control of for about… Continue Reading →

Do you still need Microsoft Office?

    Microsoft Office has long been the dominant software for spreadsheets and word processing.  It was widely used on personal PCs, and it’s what the IT department provided at work.   Microsoft Office is still the productivity gold standard…. Continue Reading →

The IRS increases potential payoffs to whistleblowers

IRS payments to whistleblowers dropped significantly from 2012 to 2013.  The IRS paid $53 million to whistleblowers in 2013, down from $125 million in 2012.   Therefore, the Internal Revenue Service has expanded its awards to whistleblowers, allowing tipsters to… Continue Reading →

Toto, I don’t think we are A+ rated anymore!

The Securities and Exchange Commission (SEC) announced securities fraud charges against the State of Kansas.  According to the SEC’s cease-and-desist order instituted against Kansas, the State’s bond offering documents failed to disclose that the state’s pension system was significantly under… Continue Reading →

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