Accounting Newsletter 

What in the World is the Withholding Tax?

What the heck is a withholding tax? The only thing that is as certain as paying taxes is how complex they are. There’s no way around it: taxes are confusing. That’s the way they’ve been for centuries (when collectors took wheat or rice instead of coins or paper money)! So, you might be wondering, what the heck is a withholding tax?  How can they impact my interactions with the IRS? Well, sit back and read up because we have some simplified answers ready and waiting for you!  First Off, What…

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Accounting Newsletter 

Friday Footnotes: Deloitte Sued; RSM Sued; PwC Not Sued But Incompetent | 10.15.21

‘What do you actually do?’: Redditors scratch heads at consulting firms [Yahoo News] We’ve often wondered about this too. Deloitte Workers Sue Over ‘Astronomical’ 401(k) Fees [Law360] Deloitte workers slapped the accounting giant with a proposed class action in New York federal court, claiming the company allowed two multibillion-dollar retirement plans to get saddled with “astronomical” fees. Current and former Deloitte employees Rupinder Singh, Jeffrey S. Popkin, Joni Walker and Jenny Mark, whose Wednesday complaint seeks to represent a class of 90,000 participants across two plans, said the company should…

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