The Net Gains Newsletter

In this week's newsletter 📰 The top-read story in The Net Gains Newsletter was an interesting piece from Forbes about the Los Angeles Dodgers Shohei Ohtani's 50/50 ball. So what does baseball have to do with accounting? Taxes, my friend, taxes. And the Internal Revenue Service. TLDR: There was drama about who caught the ball, who now owns the ball and how much it's worth. (Spoiler: A lot) Check out the slides and then tell us: How would you advise your client in this situation? Subscribe today to the Net Gains, a FREE weekly newsletter for accountants, tax pros, and people who like numbers so much they made it their job. www.thenetgains.co

Founders make the difference. Their stories shape their companies and inspire their industries. We were honored to feature Trez (Techstars ‘23) in our latest The Net Gains Newsletter. Their founder’s deep experience and vision are what set Trez apart as they lead the charge in serving the U.S. Latino market with authenticity and purpose. Every founder has a story worth telling — because those stories don’t just define companies, they inspire others to dream, create, and lead. If you’ve got a story to share, step into the spotlight! We’re here to help amplify the voices of the visionaries shaping the future. Check out Trez’s post below and read the full Q&A here https://lnkd.in/grXjR2HJ Subscribe for free: https://lnkd.in/enEnfCPW

In this week's newsletter 📰 The latest on major issues (like ADM canceling its earnings call last minute), intriguing topics (such as personal branding), and concerning matters (like a small-town scandal involving the disappearance of 39% of public funds involving a former town clerk). Mentioned in this issue: Rob Brown, BDO, AmTrust Financial Services, Inc., Lovesac, Bitcoin Inc., ADM, Bloomberg Tax Read the latest: https://lnkd.in/ejy2jk8v #accounting #accountingnews #cpanews #cpa #news #finance

In this week's newsletter 📰 Could sticking to old-school business models put your firm and career at risk? Private equity, tech upgrades and new governance trends are shaking up accounting firms – and the partnership model might not survive. Plus: - Supermicro shares plummet on EY departure - Is the end of accounting partnerships on the horizon? -How accounting students use ChatGPT - FASB releases software proposal Read more in The Net Gains. https://lnkd.in/eqsjy9RY

In this week's newsletter 📰 The most-read story in the Net Gains this week involves a highly-paid Hollywood actor, his accountant and losing millions. What to know more? Head to the https://lnkd.in/ej6AXhZA to read all about it. H/t to Variety While you're here...sign up for The Net Gains and join 16K+ subscribers who know this is the best free weekly newsletter for accountants. #accountingnews #accountants #bookkeeping #bookkeeper

In This Week's Newsletter 📰 Read the whole newsletter here: https://lnkd.in/e_2FpV2e Jay-Z & Meg Thee Stallion drop BDO Celebrity clients, including Jay-Z and Meg Thee Stallion, have severed ties with BDO's Miami office, according to a "Financial Times" report. This exodus follows 2022 allegations that an employee was embezzling funds from client accounts. The accounting firm, which caters to high-net-worth individuals and celebrities, offers comprehensive financial management services, encompassing everything from routine bill payments to tax filings. The revelation of potential theft has led to a loss of trust among the firm's star-studded clientele. H/T Digital Music News https://lnkd.in/eJ5mBexb Image credit: From left, Jay-Z. (Joella Marano/Wikimedia Commons) and Megan Thee Stallion. (Instagram)

In This Week's Newsletter 📰 With all the talk about the lack of interest young folks have in the industry, it was refreshing to see these two University of Missouri-Columbia students enjoy their recent internships with KPMG Global Internship Program. Ryan Klostermann and Katie Mitchell shared what they loved about the opportunity in detail. Check out the newsletter at www.thenetgains.co h/t University of Missouri Trulaske College of Business

In Today's Edition 📰 Deepfakes — those AI-manipulated videos or audio that make it look like someone said or did something they never did — are becoming a serious problem as businesses get more tech-dependent. Earlier this year, a Chinese company and its CFO fell prey to a deepfake scheme, showing just how unpredictable and expensive these attacks can be. Read more: https://lnkd.in/eDimmXJX (H/t CFO) How savvy are you at spotting fakes? Take a quiz and find out. https://lnkd.in/es3Tf6mU

In this week's newsletter 📰 Should the path to becoming a CPA change? The American Institute of Certified Public Accountants (AICPA) and the  National Association of State Boards of Accountancy (NASBA) want your input on a new option for CPA candidates to meet licensure requirements. The proposed Competency-Based Experience Pathway would give candidates another way to prove their skills after earning a bachelor’s degree and meeting state-specific coursework. This is part of a broader effort to modernize the CPA licensure process and make it more flexible for today’s professionals. They're taking feedback on the framework and other details until December 6. h/t CPA Practice Advisor. Read more: https://lnkd.in/eENPMCwA Don't forget to subscribe to the Net Gains. It's weekly and it's free. https://lnkd.in/e_wPz_TA

Subscribe today. It's free. It's informative. It's straight to your inbox on Tuesday. Join now. https://lnkd.in/enEnfCPW