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Your Daily Accounting Briefing – 2024-07-15

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Let’s see what’s in the news today.

Transportation Transitions: New leadership for ATA & Grote Industries

ATA’s National Accounting & Finance Council and Grote Industries name new leadership.

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Democrat Mary Ann Claytor Touts Her Accounting Experience in Auditor’s Race

WHEELING — Democrat Mary Ann Claytor knows West Virginia’s financial numbers and code like few others after more than two decades working for the West Virginia Auditor’s Office. Now she wants to be state auditor. Claytor will face Republican nominee Mark Hunt in the Nov. 5 general election. Claytor, 58, will host two fundraising events […]

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Accounting Firm Contests Blame For Client’s $2M Tax Bill

An accounting firm maintains it had no duty to inform an online flower bulb retailer about a major change in tax law stemming from the U.S. Supreme Court’s 2018 Wayfair decision, telling the North Carolina Business Court that advising on such topics wasn’t within the scope of its duties.

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Accounting Firm Contests Blame For Client’s $2M Tax Bill

An accounting firm maintains it had no duty to inform an online flower bulb retailer about a major change in tax law stemming from the U.S. Supreme Court’s 2018 Wayfair decision, telling the North Carolina Business Court that advising on such topics wasn’t within the scope of its duties.

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SEC allows certain firms to skirt controversial crypto accounting bulletin

Some companies have proposed business practices that SEC staff have agreed would allow them to fall outside of crypto accounting guidance.

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