June 25, 2018

Accounting News Roundup: Florida Accountant Mistaken for Dad of Shark Dragger | 08.04.17

florida CPA shark

Florida accountant

A Sarasota CPA is suffering from a case of a mistaken identity, and in the age of the Internet, that means putting up with a lot of angry strangers calling to curse at you and make empty threats:

“Your son is a f****** piece of s***,” one caller said.

Robert Wenzel has gotten one profanity-filled message after another. Nearly 40 have been left at his Sarasota accounting office.

“You piece of s***. I’m going to **** you by your ***** behind your own car,” said another caller.

The calls started pouring in once video surfaced online of a shark being dragged by a boat at high speed. The video caused international outrage. The three men on the video are believed to be from the Palmetto area.

People on Facebook assumed Robert Wenzel was related to one of the men. The reality: He has a common name and he’s not related to anyone in the video.

If there’s an argument for putting “CPA” behind your name in every instance, no matter how ridiculous, it would be so that no one can mistake you for the non-CPAs whose sons drag sharks behind speed boats. Something tells me, you’d still get some calls, though.

Accountants behaving badly

Here’s another accountant, Nick J. Chacanicas, who allegedly took his client’s money for himself rather than using it to pay their taxes. It’s a silly scam, and I have a hard time believing anyone thinks they can get away with it, but here we go:

Police said Valerie and James Martin reported Chacanias cashed four checks worth $4,245 intended to cover their federal and state taxes as well as fees for his services. However, after giving Chacanias the money, they were notified by the IRS and state officials that they had not paid their taxes, police said.

They confronted Chacanias about the unpaid taxes and, according to court records, he agreed to repay them the $4,245 in June but never showed up at their home.

You have to admire a guy, if only a little bit, when he tries the ol’ “LOOK OVER THERE,” trick as a last ditch effort to escape.

Brought to you by Accountingfly

The featured job of the week is a Remote Tax Accountant with Patke & Associates in Chicago.

Previously, on Going Concern…

Megan Lewczyk wrote about cryptocurrencies. Reminder: people are still talking about compensation. And speaking of compensation, in Open Items, someone wants to know about giving notice before a bonus payout.

In other news:

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How to find the “best and brightest” [CPA Success]
This may be a better topic for the friendly HR professional but figuring out who these future accounting rock stars are before they show up on their first day is “more art than science”, as Tom Hood notes.
Popular to some old-school thought, GPA does not always indicate who’s going to dominate in the real world and “soft skills” — besides being a terrible term — are in more demand than ever.
Help The The American Red Cross of Greater Chicago Help Haiti [Re: The Auditors]
The American Red Cross of Greater Chicago is having a drive today and since Francine’s friend is the CFO, we’ll be glad pass around the news:

One of my oldest and dearest friends, Guillermo Becerra, is the CFO of the American Red Cross of Greater Chicago. I asked him how I could help him, and the Red Cross, during what must be an incredibly busy time post-Haiti earthquake.


“The Chicagoland community will come together on Thursday, January 21 to give to the American Red Cross as we help the people of Haiti recover from the catastrophic earthquake that devastated their country last week.
The Chicago Helps Haiti media relief drive begins at 5 a.m. and lasts until 11 p.m. Nearly every TV and radio station in our area will be promoting this fundraising effort throughout the day. You can help too, by giving via phone or online, and sharing your thoughts here, on Facebook or Twitter, and by asking others to give.
To give from 5 a.m. to 11 p.m. CALL 1 (877) 565-5000 or visit www.chicagoredcross.org/haiti

Plus, we’re guessing that if you give, your 2009 tax return isn’t much of a concern.
If Your Password Is 123456, Just Make It HackMe [NYT]
The Times is concerned that you have a shitty password which puts you at a huge risk of being hacked by someone sitting in their parents’ basement.

Imperva found that nearly 1 percent of the 32 million people it studied had used “123456” as a password. The second-most-popular password was “12345.” Others in the top 20 included “qwerty,” “abc123” and “princess.”

You know who you are, ye with stupid passwords. Also, don’t even think of changing it to “654321” because that drops in at #19.

Accounting News Roundup: Haiti Relief Passes Senate; Accounting Job Surge? CPAs Basically Control People’s Lives | 01.22.10

Senate votes for faster tax breaks for Haiti gifts [WaPo]
As expected, the U.S. Senate unanimously passed legislation yesterday that allows taxpayers to deduct donations made for Haiti relief efforts. You have until the end of February to donate so that it may be included on your 2009 return.

Maybe it’s bad legislation but we’ve been over that.

CPA Jobs Set for Surge. But When? [CPA Trendlines]
That’s the question, isn’t it? Rick Telberg, who has done a great job of tracking the Bureau of Labor Statistics on accountants, points out that while the latest BLS forecasts a 22% increase (279,400 jobs) by 2018, there’s no indication that it’s happening now:

[M]any tax, accounting and finance professionals are still slogging through the Great Recession. The Association for Financial Professionals, for instance, reported that about one in four respondents say their organizations will contract in 2010. At the same time, a PricewaterhouseCoopers survey of private companies found 43 percent of CEOs and CFOs still budgeting no expansion over the next 12 months to 18 months. The data just seem to reinforce economic uncertainties and a weak outlook.


The BLS is looking past the past the recession for the jump in opportunities but just when the hell will that be? Just because the economy isn’t contracting currently, doesn’t mean it won’t in the future and this “recovery” has been tepid at best.

Theismann to CPAs: You Are the Conscience of America [Web CPA]
Joe Theismann gets it. He knows that without all of you out there in CPA land, your clients don’t stand a chance. They’d be finished. Finished!

“You’re the conscience of America,” Theismann told conference-goers. “You are the survivors in tough times. With accountants, I’m not looking for someone to file taxes and do my financials. I can do that myself online. In your position you can basically control people’s lives.”

So get out there and control somebody’s life. Joe Theismann is expecting it.