November 20, 2018

Video

Fashionable baby

Dear Slobs and Whores with No Fashion Sense, This KPMG Video is Just For You

Those of you who know me know it’s rare that I’m speechless. I have an opinion on everything from cat food to those little sensors attached to street lights that serve to give priority to approaching emergency vehicles at intersections. And while I have an opinion about the following video I’m about to share with […]

Nigerian Accountant Professes Love For His Wife in a Way Only an Accountant Could

A video has surfaced on Instagram of an unnamed Nigerian accountant telling his wife how much he loves her during his 50th birthday thanksgiving service. But he does so using accounting terms, such as balance sheets, goodwill, and liabilities. And it’s about as hokey as you would expect: View this post on Instagram This video […]

Tim Gearty new revenue recognition rules

Accounting for Stuff With Tim Gearty: Allocation and Revenue Recognition

CPA exam scores were released today, so it only seems appropriate that we conclude our four-part series featuring snazzy dresser and GAAP oracle Tim Gearty. If you’ve been holed up in a fallout shelter for the past few weeks, go catch up on Parts I, II, and III. Double-o Gearty wraps things up with allocation […]

Sponsored: This Southern California Firm Will Put You ON A BOAT

Please enjoy this sponsored content featuring Squar Milner, an Accountingfly Firm Partner. Squar Milner is one of the largest accounting firms in Southern California with offices in San Diego, Los Angeles and Newport Beach. Get to know a little more about Squar Milner by watching this video featuring tax senior associate Greg Lankston. Some of […]

Here Are a Bunch of Horrible Big 4 Anthems for Your Listening Pleasure

When I die, I want my Wiki to say: Hooper had amassed the world’s largest collection of accounting music and literature, which is now kept in the Hooper Memorial Museum of Accounting. Even accountants are too embarrassed to visit it. While my contemporaries are out collecting Pokemon to dull the pain of working in public, […]

Enjoy This Mesmerizing Video of Tim Gearty

This video is several years old, but I hadn't seen it before today and I'll be damned if it isn't glorious and worth sharing with all of you. I'll admit that the talent here really belongs with the editor of the video, but someone was inspired to make it by the words of the ageless […]

Here’s the ‘Janice in Accounting Don’t Give a F*ck’ Video Compilation You’ve Been Waiting For

If you religiously watch Last Week Tonight with John Oliver like I do, then you certainly know Janice from accounting, who does not give a fuck. Not a single one.

Hey, It’s October 15th, Enjoy a Mashup of People Dancing

Yes, October 15th is first runner-up to September 15th in the realm of terrible tax filing deadlines, but it is not short on pain for CPAs who specialize in the dark arts of taxes. If you or your clients are still rounding up K-1s and whatnot, Joe Kristan has a nice round-up of steps to […]

The Monthly Close: Rihanna and 50 Cent Need New Accountants

There's nothing like a hip-hop star's beef with her accountant to heat up July's Monthly Close. God bless you Rihanna, you shamelessly marvelous exhibitionist, you. In addition to Rihanna's accountant, Greg Kyte & Co. cover Diageo's ten feet tall and bulletbroof books, accountants who marry accountants, Chris Christie trying to put his dad's firm out […]

The Monthly Close: Balancing The Death Star’s Books

The month of June provided Greg Kyte and his troupe with plenty of material. For this close, they cover Rand Paul's desire to blow up the tax code, those lame accountant trading cards, the Vatican's first auditor, KPMG's role in the FIFA scandal and Death Star accountants. You can check out the jokes that hit […]

The Monthly Close: PwC Partners Drink the Blood of the Proletariat

Another month, another set of closing jokes. Here's what Greg Kyte & Co. covered for the May close:  The 2015 PwC partner class That time Bernie Madoff's CFO stuck a phony ledger in the refrigerator Insecure millionaires Grant Thornton's audit of the Marine Corps A CPA tattoo. More Monthly Close:April '15: The Monthly Close: That […]

A Non-Comprehensive Ranking of Celebrity-Accountant Beefs

1. Rihanna vs. Berdon/Pete GounisPlenty of backstory and huffy comments here, but honestly, all you need to do is watch this NSFW video and know that this is best celebrity-accountant beef to-date: 2. Elton John vs. PwCIn terms of star power and egos, this beef should be #1, but the story itself is pretty meh, […]

The Monthly Close: That Clinton Foundation Accountant Really Blew It

Every comedian on Earth is praying for another Clinton presidency.   This month, Greg Kyte and his merry band of joke artisans cover: The IRS's courting of Millennials A disallowed Snickers expense The teacher who had students help her with tax returns  The Clinton Foundation tax troubles Iowa's tax credit for prom Check out more […]

Aaron Rodgers Has Heard of Ernst & Young, Just Not Sure Where…

Indulge me while I express my love for the SNL Celebrity Jeopardy! skits that aired between 1996 and 2002. As an undergrad, I remember a battalion of bros crowding around my roommate's desktop — this was in the STONE AGE before everyone schlepped laptops, you see — watching Norm Macdonald as Burt Reynolds and Darrell […]

The Monthly Close: White Collar Crime Should Be a Fun and Scary Surprise

This month, Greg Kyte and his accounting troupe discuss fun topics like Utah's white collar crime registry, a Florida church hosting lingerie parties, a refreshing CPA IPA, the AICPA's marijuana webcastand a tax shelter board game.   Check out more Monthly Close videos featuring Utah's finest comedians: February '15: Accountant Pillow Talk Results in Double-billing  January '15: […]

The Monthly Close: Accountant Pillow Talk Results in Double-billing

February's Monthly Close is a little late, which isn't unusual this time of year, what with busy season problems, brackets and whatnot. Luckily, we keep squishy deadlines around here. This month Greg Kyte & Co. discuss a Texas guy paying property taxes in ones, IRS technology, Matt Damon doppelgängers, negative billionaires, and accountants banging co-workers.  […]

Accountants Share Their Dreams

Last week, we talked about secrets. This week, after a prompt from this BuzzFeed video, we'll talk about dreams. "Accounting is my dream." — As we've noticed, this is especially true during busy season and it's typically some kind of killer spreadsheet that's trying to strangle you.

The Monthly Close: Another Accountant Who Didn’t Get Laid

The books on January are closed and it's time to review the best stories from last month with your favorite Utah chuckleheads.  If you need a refresher on the stories from January'smonthly close, here you go: Jilted Girlfriend Has Totally Had It With Cheap Accountant Boyfriend and His Stupid Spreadsheet Stop Using These Played Out […]

#BusySeasonZen: The Train Snowblower

Winter has not been kind. And with Punxsutawney Phil predicting 6 more weeks of chilling terror, we can only hope for the best. The following video is from Romania in 2012 and it shows just how slow progress can be when winter does its worst. The description says that the snowblower actually derailed a couple […]

Busy Season Zen: The Can Opener Bridge

We're going to take a different approach to Busy Season Zen today, as it's getting to that point where cute ducklings and cuddly kittens may not be doing it for you. Perhaps you've seen this video making the rounds, and if so forgive me. Actually no, don't, I don't care. 11foot8 is a site that […]

The Annual Close: The Year in Adverse Accounting Jokes

Just in case you missed an entire year of news (or rather, half a year since we only started this in August of last year), we've condensed the best of The Monthly Close into one short series of clips to make sure you get all your accounting news in one fell swoop. Lois Lerner's emails, […]

Busy Season Zen: Spend Three Hours on This California Beach

There's an adorable video going around of a kitten meeting some ducklings but we just did a duckling video so we'll be skipping that one this week. What we do have is 3 whole hours of ocean. No cute puppies, no sound effects, no comments. Just ocean. Sweet, calming, beautiful ocean. Enjoy.  

Busy Season Zen: This Hamster Looks a Lot Like You at Team Lunch

This busy season, you're probably going to be eating a lot of pizza. So much so that by the time busy season is over, you'll probably have a Walter White moment if anyone dares show you one more pizza. Since it's still early in the game, you'll probably find this little hamster eating a little […]

Busy Season Zen: Ducklings Playing in a Small Pool

With tax season officially upon us, you're going to need this now more than ever. Relax, hit play, and enjoy. Repeat as needed.

Busy Season Zen: Be a Happy Little Tree

While we were diligently combing through YouTube today, we realized that YouTube is kind of a sick place. Maybe it's our viewing habits but how difficult can it be to find a cute, soothing video to chase the busy season blues away? Enter Bob Ross. Yes, that Bob Ross. We should have probably saved this […]

Busy Season Zen: The National Zoo’s Baby Panda Playing in DC Snow

Last year, we tried to ease your busy season blues with cute, mind-numbing videos every Wednesday in a feature we called Busy Season Zen. We're getting an early start on it this year even though your agony hasn't quite started because all of us could use a distraction right about now. Feel free to bookmark […]

The Monthly Close: Billing This Dump to the Client

I see Greg is wearing the same blue shirt he wore to AWeb Live, unless he happens to own several of the same exact shirt. Not outside the realm of possibility. Enjoy!

The Monthly Close: Nothing’s Hotter Than Prostitution with Accurate Receipts

Sometimes the month just gets away from you. Luckily, we all worked hard to get this wrapped up so none of us had to work over a holiday weekend. Have a great Thanksgiving.

We’re Giving This Another71 IFRS vs GAAP Rap a 74

Presented without comment because sometimes, you just have no words.  

Let’s Watch This Audit Senior Quit His Job in the Most Fabulous Way

If you’re going to go, you might as well go out in style.

The Monthly Close: Grant Thornton Mayonnaise Sandwiches and Other Rejected Mascots

It's time once again for the ritual that is closing the books on Going Concern's prior month. Enjoy!

Let’s Watch PwC’s Dennis Nally Do the Ice Bucket Challenge

In typical accounting firm fashion, PwC chairman Dennis Nally is finally getting around to doing the ice bucket challenge now that almost everyone has forgotten about the ice bucket challenge. He's a busy guy so it's understandable if he's had better things to do over the last several weeks. What's with the awkward hand-wringing? This […]

The Monthly Close: Accounting For the Month in Headlines

Once a month, Greg gets together with his slightly-funnier-than-he-is pals to rip on the month in headlines. This month, the crew chats about the new online dating service matching employers with job seekers, a website for married cheaters that thinks accountants make the best dates, accountants wasting time on the Internet at work, the best […]

The Monthly Close: Accounting with Your Shirt Buttoned Down

Today we're kicking off a new video series. it's called the Monthly Close and it'll feature Greg and some of his comedian chums recapping stories from last month. We hope you enjoy it. If you have feedback or any suggestions for stories that you'd like to see in August's Monthly Close, email us or comment below. 

Greg Talks to People About Section 1031 Like-kind Exchanges

Greg Kyte has talked to regular folks about ObamaCare and professional skepticism but maybe you've been thinking, "What I'm really curious about is the lack of knowledge people have around tax planning strategies that largely benefit the wealthy."   Well, it's your lucky day, then. 

Busy Season Zen: Let’s Wrap This With a Little Dance

With Tax Day come and gone, we're wrapping Busy Season Zen for now. Yeah yeah, not all of you are in tax, and those of you that are still have extensions and amended returns and all that… we get it. If you guys want a weekly video of puppies or kittens or hot lava eating […]

In Case You Need It, Here’s the Dancing Accountant Doing Missy Elliott in a Mall

Oh wait, I just realized that headline may be a tad misleading. I mean dancing to Missy Elliott in a mall, get your mind out of the gutter. Previously: This Dancing Accountant Is Both Mega Troll and Great Dancer

Busy Season Zen: Cute Armadillo Bathtime or 3 Hour Norwegian Train Ride?

Sometimes you need more than just a cute, weird animal. So for this week's edition of Busy Season Zen, we're giving you not one but TWO video escapes. First, the armadillo. You may think it looks like a rat in armor but I think it's adorable. If that wasn't enough for you, maybe you'd like […]

Busy Season Zen: You Need This Fat Cat Exercising

You may have seen this one already as it's been around for a few years but just in case, we're sharing it because some of you are in the home stretch and need something not quite as strong as Xanax but stronger than some regular old cute kittens. Check it out. Warning: sound, and you […]

Busy Season Zen: Let’s Watch This Guy Shoot Easter Candy For No Reason

With Easter nearly upon us (for those of you still grinding away, that's the holiday where you might be able to lug a ham sandwich to the office and some HR airhead will leave a single Cadbury creme egg on your desk), this seems a fitting Busy Season Zen entry for this week. Let's see […]

ICYMI: Portlandia Tries to Make Tax Lawyers Cool

Maybe you don't watch Portlandia, maybe you do, we don't really care. But either way, we think you should be aware this happened:

Greg Talks To People About Professional Skepticism

Undeterred by your criticism over the last video, our own Greg Kyte hit the pavement once more and talked to non-accountants about accounting matters. In the first video, we called these people "stupid" but upon further reflection realized they are actually just completely ignorant of matters that make your world go round such as ASCs, […]

Busy Season Zen: What Happens When a Can of Coke Meets Hot Lava?

Welcome back to Wednesday, which means yet another edition of Busy Season Zen. If you're having a particularly rough day, you can find past Busy Season Zen installments in the archive filled with more cuddly and cute than you can handle. This week, we're changing things up a little bit because why not? Let's see […]

Someone Made a Life in Audit Remix of Lorde’s “Royals”

I can't really say how this compares to the original on which it's based because obviously I don't listen to the likes of Lorde but I do know she is like a young version of Grace of Will & Grace in purple lipstick and that some people are upset her boyfriend is skinny and not […]

Busy Season Zen: Check Out This Pokemon Thingy Getting His Mud On

It's Wednesday, which means it's time for another installment of Busy Season Zen. How's everyone doing? Terrible, you say? Cool, me too. YouTube has been a bit wonky all morning (GET IT TOGETHER, GOOGLE) but we finally coaxed an embed code out of them for your viewing pleasure — if you can't see the video, […]

Busy Season Zen: Get Lost in This Milky Way Time Lapse

Lest you all get too comfortable with baby animals, we're switching things up a bit today. This one is a little long but also a lot soothing; just the thing to carry you away to another place in the midst of your busy day. Enjoy.  

Busy Season Zen: An Awkward Moment With a Wild Animal

Welcome back to Busy Season Zen, your weekly break from the madness. If you need a little extra zen in your life, feel free to swing by to say hello to the happy sea otter, playful pandas, clumsy penguins, and/or carrot-crunching bunnies. We've pretty much covered baby animals so we figured we'd do something a […]

Busy Season Zen: These Bunnies are Eating Healthier Than You

Try not to squee audibly, you might frighten your coworkers.

Busy Season Zen: Watch Your Step!

Welcome back to Busy Season Zen, our weekly break from the monotony of your miserable life. I swore after I fell on ice and broke my face a weeks back that I would never indulge in videos of people falling ever again because it most certainly wasn't funny when it happened to me (although I […]

Busy Season Zen: Pandas Playing

Even the most bitter, angry individual can't help but smile at the sight of little pandas having fun on a slide, even if this was potentially done for the entertainment of tourists while the pandas live out a life in captivity. Forget I said that, just watch. Aww. If you have a Busy Season Zen […]

Going Concern Presents…Greg Talks to Stupid People About Accounting

This is a new thing we'll be doing this year. Enjoy.

Some Guy Has Created the Accounting Version of the Infamous Gundy Rant

Because why not? Someone had to do it. Personally I think this could have been better done in front of a backdrop of some accounting firm logo but oh well.

Busy Season Zen: Let Your Cares Float Away With This Sea Otter Pup

I have no idea what took us so long but effective today, we're going to run a weekly Busy Season Zen moment for you to forget about your troubles and gently fade into a moment outside of yourself where there is no work, no annoying guy loudly yapping a few cubes down, no PCAOB inspectors, […]

As CGAs, CAs and CMAs in Canada Join Together Under the CPA, an Awkward Video to Celebrate

If you aren't aware, they're doing a little remixing of credentials up there in Canada, so naturally they did an actual remix to hammer the point home before everything becomes official across the country. Note the Canadian CPA — or Chartered Professional Accountant — is not to be confused with the American CPA. Hopefully it […]

According to this Sportscaster, Accountants Are the Only People Who Never Screw Up

Someone needs to introduce this guy to Arthur Andersen, Scott London, and the Cleveland intern with a highly condensed schedule of errands. That said, it's nice to know that average Joes still hold all of you in such high regard, because we all know none of you would EVER celebrate too early. Perhaps the AICPA […]

The Fire Is Really the Most Engaging Part of McGladrey’s Fireside Chat

You can sort of tell this is not going to end well as soon as the camera pans out and you spot Bloomberg Senior Economist Joe Brusuelas' white socks. It all goes downhill from there. In this chaming fireside chat with McGladrey's Joe Adams and McGladrey client Shurtape Technologies CFO Don Pomeroy, Joe reminds us […]

This TaxMasters Video Is of the Devil

This video is a couple years old, but for whatever reason it was just dropped in the tip box today and we are oh-so glad because it's so frightening it's hilarious.  Is it the wedding cake adorned with roses and Patrick Coxes? Is it the carousel of voices? Is it the ginormous Patrick Cox head […]

Let’s Watch a Vintage Crazy Eddie ‘Christmas in August’ Commercial

Some ad agency/pump-and-dumper really needs to reboot this approach

This Dancing Accountant Is Both Mega Troll and Great Dancer

According to his Twitter bio, The Dancing Accountant is "an accountant who likes to dance" and he will even take your requests. Before you write this guy off as another unfunny jackass with a Flip cam and too few billable hours, it's not necessarily the dancing that makes this awesome, it's the trolling. The pure, […]

The “In a JIT” Guy As “The Most Interesting Accountant In the World”

Either James Huang really is the most interesting accountant in the world or he just doesn't have enough billable hours but either way, we all win when he makes a video. We first met him in 2011 and we've sort of been obsessed since because let's face it, good accounting videos are hard to come […]

It’s a Perfect Day for the Vintage Crazy Eddie ‘Beat the Heat’ Commercial

I wonder if Sam and Eddie were there for the shoots saying things like, "I think we need a little more crazy. Like full-on lunatic," while figuring out how to steer the auditors away from the empty boxes of inventory. This guy is mesmerizing. Enjoy.  

This Filipino CPA Exam Candidate Is Way More Excited About the CPA Exam Than You

Um… I don't even know what to say about this. Hell, I don't even know why I am sharing it with you. I just… I… just watch. And just in case that wasn't enough for you, this guy also wrote an ode to accountancy. Apparently using the same producer.

This New Jersey CPA’s Kitschy Crib Is Amazing

The following video from the New Jersey Society of CPAs features Marty Abo, CPA giving a tour of his hilariously awesome house. This house is great because it is the complete opposite of every CPA house I have ever been inside. It's kitschy. It's unpractical. IT'S FUN. Just watch and try telling me you don't feel […]

Baby Duck Dozes Off in Accounting Class Just Like You Did, Only Cuter

This little yellow guy is Dexter. I don't know why or how he got into an accounting class, but I can't blame him for nodding off, especially if it was Cost Accounting. That class was the worst. The frightening moment at the end when Dexter is disoriented and almost accidentally commits adorable duckling suicide is […]

These Are the Videos That Made Your Busy Season Slightly Less Awful

For some reason, earlier this year we asked you to submit videos of your busy season exploits as part of some fake contest. The idea was haphazardly thrown together and not taken that seriously, but for whatever reason1 the post sat up top for months. Anyhoo, busy season has been over for everyone for at least a week so I guess we'll wrap this thing in old newspaper and put a bow on it, so we can all move on with our lives. Right? Right.

Twilight Remake to Feature Auditors Instead of Vampires

I'm not sure I can keep this up — the words and stuff about accounting. Thankfully, this James Huang guy did another video. It's about that Twilight book I don't know anything about. I did happen to be at the Barnes & Noble a couple of times when the new ones were being released and […]

It’s Gotten to the Point During Busy Season Where People Are Taking Mental Health Breaks in Bathroom Stalls

It's March. Some of you are tired. Some of you are malnurished malnourished. Some of you are thisclose to crawling under your desks and curling into the fetal position until someone comes by to spur you back into action. And for some, only a bathroom stall can provide the stillness and quiet that a frantic mind […]

This Auditor Harlem Shake Video Has an Inexplicable Appearance By a Baby in a Pumpkin Shirt

I’m not too hip on the viral dance videos that constantly pop up on the Internet. I didn’t see Gangam Style until it was approaching 900 million views. This is mostly because they are dumb. But now that The Harlem Shake — that isn’t even really the Harlem Shake, mind you — has taken hold, we’ve […]

Enter the Going Concern Busy Season Video Contest For Your Chance at Cash and Fabulous Prizes*

Because it's been way too long since we've had a great video (certain drunk folks excluded), TPTB had the great idea to sponsor a Going Concern video contest. If you've ever wanted fame and fortune – or rather, infamy and possible risk of losing your gainful employment — now is your chance. The requirements are […]

David Cay Johnston Would Just Like to Confirm That Mitt Romney Isn’t Like Richard Nixon, That’s All

And he's so excited to do it, he's throwing digits in Willard's face! Visit msnbc.com for breaking news, world news, and news about the economy [via TaxProf]

Remember Accountants, Busy Season Makes You Stronger

Over the days, weeks, and months of this busy season and busy seasons past, we have offered up many videos for your visual and audio enjoyment. Their quality ranges from downright awful to the legendary to debates over (red)beards. And some videos are even instructional in nature. The latest effort serves as a reminder more than […]

When Accounting Jokes Go Awry

It's great when accounting firms embrace social media. A good example of this is the "Proud to be Boring Accountants" campaign by Macias Gini & O’Connell LLP. I've worked with MGO before and can assure you, they get it. If you are a talented CPA-eligible or CPA-passed accountant in Northern California, you should probably check […]

Watch These Big 4 Auditors Pull a Mildly Humorous Prank on Their Intern

Allegedly, this stunt was pulled earlier this morning in a Big 4 audit room somewhere in the Boston area. If you'd like to claim responsibility for this stroke of genius or have other samples to share, email us.

Here’s An Original Idea for Threatening Your Local Tax Authority

Envelopes with white powder? Please. Bomb threats? Played. Planes into buildings? Meh.

If you really want to get some attention, you need to employ tactics that would make Samuel L. Jackson soil himself:


[via TaxProf]

VIDEO: The Cash Count Rap

What happens when you combine two rapping accountants from Alabama and Auto-Tune? Well, this.

Cash Count is the brain child of Tyler Crawford (“T Dub”) and AJ VanderWoude (“VanderHood”), who work for the curiously named Barfield Murphy Shank & Smith in Birmingham, AL. Working for a guy named Shank, I guess it’s no surprise these guys roll hard.

Well… as hard as you can in a tie, that is.

Here’s a Bunch of Cute Kids Explaining Why They Want to Be Tax Accountants

PROGRAMMING NOTE: I’ll be on vacation next week in an undisclosed location but you’ll be in the very capable hands and permanently ink-stained arms of Adrienne. I don’t think I have to explain to you what will happen if you don’t behave.


Because I know you’ll miss me with every fiber of your being (and it’s Friday), I’ve presented the following video for your enjoyment.

[via TaxProf]

And Now…Ernst & Young Interns Employees Singing a Song About Making Partner, Acronyms in the Tune of Katy Perry’s ‘Teenage Dream’

UPDATE: Don’t ask me why staff are singing a song about “Intern Dreams” but apparently that is the case, hence the change in the headline. Carry on.

After being away for awhile, many you probably thought that I get on here and bitch and moan how awful it is to be back to grind with you all. It’s been quite the opposite experience actually, as we’ve learned that Adrienne is more than capable of getting people’s attention that inevitably result in emails being sent directly to me while it was widely known that I could be doing any number of things at the time, including A) watching someone’s Vespa go up in flames in London B) eating space cakes C) speaking to French women with a bad American accent D) watching a shockingly violent fight at Amsterdam’s Gay Pride Parade.

But nevermind all that. Cooler heads typically prevail around here so it’s nothing that couldn’t be handled. Plus, it nice to know that I can leave for a couple of weeks and the site doesn’t miss a beat.

But what really makes my life easy is coming back to emails pointing me to the EYConnects Facebook page where you can find this video:


As any long time reader of GC knows, Ernst & Young runs away with from the rest of the Big 4 when it comes to producing videos that border on hilarity. No need to look further than the masterpiece of “In a JIT” to the video from the Las Vegas office featuring an Elvis impersonator.

While “EY Dream” doesn’t feature legendary lyrics like “On a jet like Turley” mocking acronyms and well-rehearsed choreography wins points in our book. Still would have been funny to hear some self-deprecating lyrics related to Lehman Brothers. Oh well, we’ll keep waiting.

Feel free to leave your thoughts on this latest effort below.

(VIDEO) The CBH Raleigh Interns Present: Insanity!

Ever see those annoying exercise infomercials in the middle of the night that promise ripped abs and a tight core, all while screaming at you to get your fat ass off the couch and get started for just 12 easy payments of $99.95?

Well a few Cherry, Bekaert & Holland interns in the Raleigh office decided to make a video that pimps out the greatest fitness plan of all-time – a summer audit internship – with that same high energy madness. We have to admit we didn’t have high hopes until we actually watched it and let’s just say these interns did not disappoint.

When we asked a CBH spokesperson if these amazing interns will be joining the team come fall, we were told “Full time offers? These are obviously all super-accountants, so I’d be afraid to see what they’d do to us if we didn’t. However, I hear HR is still looking at their before pictures.”

Amazing results!

(VIDEO) FEI’s Edith Orenstein and the Singing CPA Present a Love Song to the Pozen Committee

FEI’s Edith Orenstein has dropped a track on YouTube with “The Singing CPA” Steven Zelin called “Hey There Bob Pozen” (as of the date this is posted, we haven’t been able to find a Doctor P remix of the hot track) that really doesn’t need commentary at this moment. But we’ll be back after the jump with a few things to say.

Oh, I didn’t mention it’s to the tune of “Hey There Delilah” did I? Yeah. It totally is.

Anyway, it’s a tribute to the Pozen committee, of which Edith is a huge fan, in honor of its 3rd birthday:

I am a big fan of the Pozen committee, mainly because, like other committees that have fascinated me (such as the EITF , the PCAOB SAG, and the U.S. Treasury Advisory Committee on the Auditing Profession) it has a fascinating cross-section of preparers (issuers), auditors, investors, and others. I loved watching the webcasts where you could see folks discuss things from different vantage points at the same time. I think that kind of broad-based committee has an advantage over committees made up of only one segment of the constituent community, such as preparers, auditors, or investors. I think the standard-setters and rulemakers can receive the most efficient and effective input when the various segments of constituents face off against one another (I mean that in a polite way, I should say, ‘dialogue’ with each other) on issues of mutual interest.

I assume here approximately 6 to 7 percent of you have any clue what the Pozen committee is (unless you regularly read Edith, which you should if you’re into serious financial reporting shit of which we rarely if ever cover), here’s some financial reporting porn (PDF) to groove on. The short version is that the August 2008 report recommends steps to improve the usefulness of financial information to investors.

In case you’ve forgotten, this isn’t Edith’s first venture into the world of YouTube. Surely you remember “If I Were an Auditor,” filmed completely in Second Life with the help of the MACPA and friends.

Could you imagine what would happen if we could get the Maryland Association of CPAs’ dancing flash mob to do a mashup with Edith and Steven? Someone please get on that.

So You Think Your CPA Can Dance?

One thing I’ve always loved about the Maryland Association of CPAs is that they aren’t afraid to shake things up, do what everyone else isn’t doing and, uh, break out into a dance routine in the middle of a dinner reception.

Remember the “big surprise” they were planning for the 2011 CPA Summit? Here it is, enjoy:

Rich-hating Legislation of the Day: The Ending Taxpayer Subsidies for Yachts Act

Sorry for being a little to the game on this one but everyone seems to still be in their meat-induced comas and this type of proposed legislation has left us wondering: IS NOTHING SACRED? If the affluent in our society can’t write off the mortgage interest on their second home that also happens to be boat, haven’t the terrorists won?


The Ending Taxpayer Subsidies for Yachts Act was introduced by Rep. Mike Quigley (D-IL) with co-sponsors Reps Tim Walz (D-MN) and Gary Peters (D-MI):

“There’s absolutely no reason why taxpayers should subsidize luxury yachts,” said Quigley. “As we work to address our budget challenges, closing this frivolous tax loophole is a no-brainer.”

“We’re going to have to make some hard decisions to tackle our national debt, but this isn’t one of them,” said Walz. “Closing this tax loophole restores the Mortgage Interest Deduction to its original purpose; helping middle class families realize the American Dream through homeownership.”

Currently, taxpayers are allowed to deduct mortgage interest for up to two homes from their tax returns. Yachts equipped with bedding, toilet facilities, and a kitchen qualify even if they aren’t used as a primary residence. The Ending Taxpayer Subsidies for Yachts Act would limit the tax deduction to only those who use their boats as a primary residence.

“We need to get the deficit under control, and that means simplifying the tax code and eliminating special interest tax giveaways like the Yacht Loophole,” added Peters. “Homeownership is part of the American Dream and we should encourage it, but yacht owners don’t need any special handouts, especially in the middle of a budget crisis.”

Also, it’s our understanding that the Reps will use the following footage to make a case for their bill:

[via DMWT]

Are Arguments Against Higher Taxes More Convincing When Made By a Hottie?

Obviously if you’re already against higher taxes, this is of little concern. If you’re more of a David Cay Johnston type, the Center for Freedom and Prosperity’s casting for its videos may be aimed directly at you.

If one example doesn’t convince you, I suggest you check out the other 12 videos on CFP’s YouTube page.

[via ATR]

Last Minute Tax Help Ideas: Advice From Gary Busey

With just over 24 hours until the tax filing deadline, some taxpayers may be getting desperate and many CPAs are too swamped to take any last minute clients. Faced with such a dilemma, some people are freaking out since it’s rumored that any non-compliance with the IRS will inevitably lead to interrogation techniques approved by the Bush Administration. To avoid this, you’ll need someone that is impervious to physical pain, high stress and has a smile that will frighten yet calm the most anxious of procrastinating taxpayers.


To wit:

These Videos More or Less Portray What It’s Like Being an Accountant for Celebrities

Celebrities suck at taxes. This is known. From Young Buck to Jaime Pressly, there are no shortage of talented-ish people that find themselves in a world of hurt when in comes to complying with the IRC. How any accountants to the stars manage to keep their clients from completely losing their shit this time of year is anyone’s guess.

Luckily for us (everyone out there seems to be suffering from a busy season hangover), a couple of videos we stumbled across more or less put this niche expertise into perspective:


Alan Kaufman, Rock Star Accountant from Dan Meth on Vimeo.

The question over at TV.com, however, is whether or not SNL got its idea for Mort Mort Feingold, Celebrity Accountant from Alan Kaufman, rock star accountant. You can debate that if you feel so inclined but the realism of each is what’s noteworthy here. Anyone with firsthand experience in the A, B, C, or D celebrity clients is invited to share anecdotes at this time.

Would Hannibal Lecter Eat His CPA?

Hard to say. But “Blockheads” would need to be careful.

It might have been funny if there had been glass in the window and our actor hit his head on it but otherwise we’re especially glad they didn’t involve any scenes with Miggs.

PwC Boy Band Demonstrates That Tax-related Lyrics Don’t Come Easy (VIDEO)

This video appears to be from last summer but since we’ve just been made aware of it, we’re brining it to you now. Why there are multiple videos playing off the Backstreet Boys’s “I Want It That Way” is quite baffling in of itself but this particular group decided it would be best to use their own non-studio produced singing voices AND to come up with lyrics that include “351,” “Like-Kind Exchange” and “STD.”


There are a lot of directions to go with this so feel free. Make haste however, I’m sure it won’t be up for long.

Apparently This Video Is a Hit with Big 4 Auditors in Asia

A tipster from Manila sent us this video telling us “[it has] got us laughing over here.” And based on what we see, it seems that being an auditor in the East isn’t really that different from being an auditor in the West. That said, if you detest subtitles or Disney you should probably just move along.

Here’s a Video Explaining Why “Liberals” Want Higher Taxes

In case you haven’t already come up with your own theory.

[via TaxProf]

Wealthy Canines Not Spared Democrat’s Ire During Tax Cut Debate

Somewhere in the whole mishmash of yesterday’s events leading up to the House’s passage of chicken crap, Joseph Crowley took to the floor to remind us know that it’s just not wealthy humans that stand to benefit greatly from tax cuts.

[via Gothamist]

Tim Geithner Doesn’t Think a Tax Cut Compromise Should Be Complicated

He’d take care of this right here, right now if he could.

[via DB]

Here’s What Charlie Rangel Missed at His Ethics Trial

He really should have stuck around. He won on a couple of ’em, which is probably better than most people were expecting.

 


Of course Chuck isn’t going quietly:

How can anyone have confidence in the decision of the Ethics Subcommittee when I was deprived of due process rights, right to counsel and was not even in the room? I can only hope that the full Committee will treat me more fairly, and take into account my entire 40 years of service to the Congress before making any decisions on sanctions.

[…]

The Committee’s findings are even more difficult to understand in view of yesterday’s declaration by the Committee’s chief counsel, Blake Chisam, that there was no evidence of corruption or personal gain in his findings.

From here forward, it is my hope that the full Ethics Committee will take into consideration the opinion of its chief counsel as well as the statement by Rep. Bobby Scott, a member of its investigatory subcommittee who said that any failings in my conduct were the result of “good faith mistakes” and were caused by “sloppy and careless recordkeeping, but were not criminal or corrupt.”

Earlier:
Charlie Rangel Has Heard Enough

Charlie Rangel Has Heard Enough

The man – looking dapper as ushe – needs representation and isn’t interested in sticking around without it.

What Investment Bank Clients Are Really Saying: “KPMG are stupid”

Auditors – if you have ever suspected that your IB client contacts aren’t convinced of your intelligence, then your intuition is serving you well.

This also helps put the whole AIG/GS/PwC situation into a hilarious context.

[source]

Deloitte Is Going with “Bathtub Recovery”

What Sandy Cockrell doesn’t tell you is that the bathtub is the size of William Taft’s.

Sign of the Times: CFOs Living on Franks and Beans

Or ones that soon will be:


Look at the bright side, you were on the front page of the Post!

[via Gawker]

Apparently, Sport Coats Can Go a Long Way for Big 4 Auditors

And finger quotes are obviously an effective way of communicating.


Someone is wasting some billable hours in a very fine manner this August.

Earlier:
A Brief Moment in the Life of a Big 4 Auditor

A Brief Moment in the Life of a Big 4 Auditor

Well. Any auditor for that matter.

Based on personal experience it’s plausible that the script came from actual conversations.