A Valuable Mineral for Electric Vehicles

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As the first new large-scale lithium mine in the United States in more than a decade is preparing for blasting in Nevada, the project, known as Lithium Americas, is in the courts and has drawn protests from members of a Native American tribe, ranchers and environmental groups. Questions List the bullet point objections to the… Read more »

Milkshake woes for McDonalds

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to The Guardian, milkshakes are off the menu at McDonald’s in England, Scotland and Wales. Questions: Why are milkshakes off the menu at McDonald’s in England, Scotland, and Wales? What are lorry drivers? What other restaurants and sectors mentioned in the article are having the same types of problems? If there is a shortage… Read more »

Do you want buy some popcorn with that?

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According to the Washington Post, AMC will allow customers to pay for popcorn and movie tickets with bitcoin by the end of the year. Questions: What has happened to AMC’s stock price since the first of the year? As of this week, how many AMC movie tickets could be bought with a single bitcoin? AMC… Read more »

A View About the Pandemic Profits of Accounting Firms and the Road Ahead

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According to Greg Barber, Founder of G. Barber Advisory LLC, surprising levels of profitability since the pandemic hit need to be carefully scrutinized for concerns that still affect all CPA firms. Questions: What four pre-pandemic issues/concerns are still lurking for accounting firms? What two issues should drive significant change? What advice by John Kotter should… Read more »

New York Audits of Remote Workers

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According to Accounting Today, the New York Tax and Finance Authority sent out thousand of notices since the filing season ending in May to individuals earning as little as $100,000 a year. What do these individuals have in common? They have claimed to have left the state during the COVID-19 pandemic and New York wants… Read more »

The Employee Retention Tax Credit for Employers

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According to Accounting Today, IRS and Treasury Department guidance was released for employers who paid qualified wages after June 30, 2021, and before Jan. 1, 2022, as part of the CARES Act. Questions: What was the objective of including employee retention credits (ERCs) as part of the CARES Act? During the COVID pandemic, what program… Read more »

What are NFTs and why should tax accountants care?

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According to Accounting Today, tax rules surrounding NFTs or nonfungible tokens are not clear. NFTs are basically digital assets whose data is stored in a blockchain, similar to cryptocurrency like Bitcoin and Ethereum. Questions: What can NFTs digitally represent? Why are NFTs a kind of a goldmine for the IRS? What Internet sites specialize in… Read more »

E & Y Charged

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According to Accounting Today, the Securities and Exchange Commission (SEC) charged Ernst & Young (EY), one of its current partners, and two of the firm’s former partners Monday with violating auditor independence rules and improper professional conduct. Questions What was the public company audited by EY according to this charge? What were the auditor independence… Read more »

Another Big Cyberattack

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According to the New York Times, hundreds of businesses around the world are grappling with potential cybersecurity vulnerabilities after a software provider to more than 40,000 organizations has been the victim of a “sophisticated cyberattack.” Questions: What types of organizations in Sweden have been hit? What is the name of the software company that has… Read more »

Big Woes for the Cavendish Banana

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While the popularity of the Cavendish banana that you buy at the grocery store is on the rise, there is a disease that is threatening its extinction. Questions: Why might the most popular bananas go extinct? Which country economies depend on the banana? What percentage of bananas exported to supermarkets around the world are of… Read more »