Private Debt Collectors used by the IRS. What could go wrong?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Income Taxes, Managerial Accounting, Uncategorized, Video Updates.

According to Slate, last year, Congress authorized the Internal Revenue Service to use private debt collectors to go after unpaid tax liabilities—and this month, if you are one of the unfortunate, you may have already had the pleasure first-hand. Questions: 1. What is the pleasure that this article is referring to? 2. Has this been… Read more »

$15 minimum wage

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According to The American Interest, local minimum wage hikes cause restaurants to leave or shut down and deter new ones from entering, according to a new Harvard Business School study of the San Francisco Bay Area restaurant industry that contradicts the orthodox liberal view that steeply raising the cost of unskilled labor will not affect… Read more »

Too Many Bureaucrats?

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The California State Auditor has delivered a damning assessment of the management practices at the single largest university system in the United States. Questions: 1. What controls could have prevented this situation? 2. How does this affect costs? 3. According to the audit, how does the rate compare to other organizations within the California government… Read more »

So you want privacy?

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The privacy protections, approved in the final days of the Obama administration, would have required ISPs to get permission from customers before collecting and sharing their data. However, President Trump signed off on a repeal of the Internet privacy protections before they were able to take effect — despite an outcry from consumer groups and… Read more »

Time to Cash In

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Miss Kindergarten is in the million-dollar club. So are Lovin Lit, the Moffatt Girls and about a dozen other teacher-entrepreneurs who are spinning reading, math, science and social studies into gold by selling their lesson plans online to fellow teachers around the world. Questions: 1. What types of things do these websites offer? 2. What… Read more »

March Madness at Uber

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Uber experienced the worst month it has had during its eight-year history in March 2017. There were car crashes, the company president quit, and an entire country turned its back on the app. Questions: 1. Which country forced Uber to withdraw and why? 2. Which company is Uber accused of stealing from and what did… Read more »

Where equal work does not equate to equal pay?

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According to the Associated Press and USA Today, government investigators looking into how Google pays its employees have accused the tech giant of shortchanging women doing similar work to men. Questions: 1. What are some of the claims? 2. Which branch of government filed the lawsuit? 3. Google has said it has turned over some… Read more »

Morphing or not?

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The world of retail is changing, with growth in online shopping dominated by Amazon. But does it signal a death spiral to our traditional way of life? Questions: After reading the article, please answer: 1. What is the inventory problem? 2. What is the supplier problem? 3. What is the supply chain problem? Source: Hoium,… Read more »

Pink Tax?

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The Pink Tax, so named because of the color of products directly marketed to girls and women, refers to the price difference for female-specific products compared with the gender-neutral goods or those marketed to men. Questions: 1. On average, how much more do women and girl’s products cost as compared to similar products for men… Read more »

Something new?

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Amazon.com Inc. has invited the world’s biggest brands to Seattle to persuade them that it’s time to start shipping products directly to online shoppers, thus bypassing chains like Wal-Mart, Target, and Costco. Questions: 1. What would be the costs to these brand companies? What would be the benefits? 2. What would be the benefits to… Read more »