Washington Commanders Deny Financial Malfeasance in a Letter to FTC

The N.F.L. franchise sent 102 pages of documents rebutting claims made by a former employee that the team failed to properly report ticket revenue and withheld refunds from fans.

#accounting-and-accountants, #box-office-sales, #federal-trade-commission, #house-committee-on-oversight-and-government-reform, #national-football-league, #snyder-daniel-m, #washington-commanders

Questions About Commanders’ Handling of Money Referred to F.T.C.

In a 20-page letter sent to the F.T.C., a congressional committee passed along allegations from a former employee who said the team withheld ticket revenue from fans and the league.

#accounting-and-accountants, #federal-trade-commission, #house-committee-on-oversight-and-government-reform, #national-football-league, #snyder-daniel-m, #washington-commanders

Trump Makes New Claims About His Wealth After Accountants Drop Him

The former president has spent decades inventing facts and figures to suit his needs. Now, dropped by his accountants, he is making new claims.

#accounting-and-accountants, #mazars-usa, #presidential-election-of-2020, #trump-organization, #trump-tax-returns, #trump-donald-j, #united-states-politics-and-government

Trump’s Long-Time Accounting Firm Cuts Ties Over Financial Statements

The statements are at the center of two investigations into whether the former president and his company exaggerated the value of their assets.

#accounting-and-accountants, #james-letitia, #manhattan-nyc, #mazars-usa, #suits-and-litigation-civil, #trump-organization, #trump-donald-j, #trump-donald-j-jr, #trump-ivanka, #weisselberg-allen

Trump Fraud Inquiry’s Focus: Did He Mislead His Own Accountants?

The investigation, by the Manhattan district attorney, is zeroing in on financial records the former president and his company sent to lenders.

#accounting-and-accountants, #appraisals-and-valuation-property, #cohen-michael-d-1966, #frauds-and-swindling, #manhattan-nyc, #mazars-usa, #real-estate-commercial, #trump-organization, #trump-tower-manhattan-ny, #trump-donald-j, #vance-cyrus-r-jr

How Accounting Giants Craft Favorable Tax Rules From Inside Government

Lawyers from top accounting firms do brief stints in the Treasury Department, with the expectation of big raises when they return.

#accounting-and-accountants, #corporate-taxes, #deloitte-touche-tohmatsu-ltd, #ernstyoung, #ethics-and-official-misconduct, #federal-taxes-us, #internal-revenue-service, #kpmg, #lobbying-and-lobbyists, #pricewaterhousecoopers, #regulation-and-deregulation-of-industry, #rsm, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #tax-shelters, #taxation, #treasury-department, #united-states-politics-and-government

Michael Avenatti Is Granted a Mistrial in Federal Fraud Case

A U.S. District Court judge found that federal prosecutors had withheld financial data from Mr. Avenatti, the former lawyer for the pornographic film actress Stormy Daniels. He faces a retrial.

#accounting-and-accountants, #avenatti-michael, #california, #clifford-stephanie-1979, #extortion-and-blackmail, #legal-profession, #los-angeles-calif, #prosecutorial-misconduct, #santa-ana-calif, #tax-evasion, #trump-donald-j

Weisselberg, ‘Soldier’ for Trump, Faces Charges and Test of His Loyalty

The Trump Organization executive is expected to be charged on Thursday, along with the company, as he comes under increasing pressure to turn on the family.

#accounting-and-accountants, #corporate-taxes, #federal-taxes-us, #florida, #income-tax, #james-letitia, #new-york-city, #real-estate-and-housing-residential, #taxation, #trump-donald-j, #united-states-politics-and-government, #vance-cyrus-r-jr, #weisselberg-allen

Why the World Needs More Black Accountants

The field of accounting is overwhelmingly white. Rumbi Bwerinofa-Petrozzello, a forensic accountant, wants to change that.

#accounting-and-accountants, #black-people, #content-type-personal-profile, #new-york-state, #united-states, #zimbabwe

An Accidental Disclosure Exposes a $1 Billion Tax Fight With Bristol Myers

The I.R.S. believes the American drugmaker used an abusive offshore scheme to avoid federal taxes.

#accounting-and-accountants, #bristol-myers-squibb-company, #corporate-taxes, #federal-taxes-us, #internal-revenue-service, #legal-profession, #pricewaterhousecoopers, #tax-evasion, #tax-shelters, #whitecase

Greensill Capital: The Collapse of a Company Built on Debt

Greensill Capital promised a win-win for buyers and sellers, until it all fell apart, igniting concerns about opaque accounting practices.

#accounting-and-accountants, #banking-and-financial-institutions, #bankruptcies, #bluestone-resources-inc, #cameron-david, #credit-suisse-group-ag, #federal-financial-supervisory-authority-bafin-germany, #gfg-alliance-ltd, #greensill-capital, #greensill-lex, #gupta-sanjeev-1971, #insurance, #justice-james-c-ii, #labor-and-jobs, #softbank-corporation, #suits-and-litigation-civil, #tokio-marine-holdings-inc

A Love Letter to My Accountant

My relationship with him is the most positive one I’ve ever had with a man over money.

#accounting-and-accountants, #art, #black-people, #content-type-service, #coronavirus-2019-ncov, #federal-taxes-us, #finances, #quarantine-life-and-culture, #tax-preparers-and-preparation, #writing-and-writers

Brexit Deal Done, Britain Now Scrambles to See if It Can Work

Britain is finally departing from the European Union, but its formal exit is only the beginning of a high-stakes experiment to unstitch commercial relations across an integrated continent.

#accounting-and-accountants, #banking-and-financial-institutions, #european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market, #johnson-boris, #regulation-and-deregulation-of-industry

Paul Sarbanes, Former Maryland Senator, Dies at 87

Early in his career, Mr. Sarbanes introduced the first article of impeachment against Richard Nixon. Decades later, he wrote legislation in response to fraud scandals involving Enron and other companies.

#accounting-and-accountants, #deaths-obituaries, #enron-corp, #lobbying-and-lobbyists, #sarbanes-paul-s, #senate, #united-states-politics-and-government

Here’s How Moving to Work Remotely Could Affect Your Taxes

The rules are complicated and vary by state, so accountants are advising taxpayers to keep track of how many days they spend working in each state.

#accounting-and-accountants, #coronavirus-2019-ncov, #federal-taxes-us, #federal-state-relations-us, #income, #income-tax, #new-york-state, #states-us, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #united-states

Behind Wirecard’s Collapse: Allegations of Lies, Spies and Missing Billions

Markus Braun built Wirecard to “conquer the world,” but those aspirations attracted skeptics. Its accounting scandal has sent shock waves through Germany.

#accounting-and-accountants, #banking-and-financial-institutions, #braun-markus-1969, #credit-cards, #cyberattacks-and-hackers, #ernstyoung, #financial-times, #frauds-and-swindling, #germany, #mobile-commerce-and-payments, #phishing-computer-fraud, #wirecard-ag

Wirecard’s Ex-C.E.O., Markus Braun, Is Arrested in Germany

The payment company is ensnared in an accounting scandal after it admitted that $2 billion in its accounts probably did not exist.

#accounting-and-accountants, #braun-markus-1969, #germany, #securities-and-commodities-violations, #wirecard-ag

Chinese Coffee Chain’s Scandal Renews U.S. Calls for Oversight

The implosion of a Chinese competitor to Starbucks has bolstered the cause of American politicians aiming to stop opaque Chinese companies from raising money in the U.S.

#accounting-and-accountants, #china, #coffeehouses, #communist-party-of-china, #company-reports, #frauds-and-swindling, #international-trade-and-world-market, #law-and-legislation, #luckin-coffee, #nasdaq-stock-market, #pensions-and-retirement-plans, #rubio-marco, #securities-and-commodities-violations, #stocks-and-bonds, #united-states-economy, #united-states-politics-and-government, #venture-capital

Your 8 Most Vexing Tax Questions, Answered

Changing rules have led to taxpayer confusion. We asked accountants and other specialists to help sort it all out.

#accounting-and-accountants, #federal-taxes-us, #income, #income-tax, #mortgages, #pensions-and-retirement-plans, #personal-finances, #real-estate-and-housing-residential, #rebates-and-refunds, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #tax-evasion, #tax-preparers-and-preparation