Accounting Professor Bills Trump $900,000 for Expert Testimony

Just in time for the holidays, Blake and David examine the accounting professor from NYU who charged Trump nearly $900,000 for expert testimony. They also tackle issues around accountant retention and turnover, tax updates, the financial operations of Hamas, as well as Hunter Biden's indictment on tax charges, and tips for using spreadsheets in filmmaking and other creative projects. All this and more to keep you entertained while you wrap those last-minute gifts! Sponsors LiveFlow - http://accountingpodcast.promo/liveflow Earmark - https://earmarkcpe.promo/EarmarkMediaKit Keeper - https://cloudaccountingpodcast.promo/keeper Chapters (00:38) - Who knew being an expert witness paid so well (06:49) - Former Wall Street accountant leaves profession to become an escort and exotic dancer (09:43) - Illinois retention survey (17:27) - Has AI job replacement theory reached mainstream? (18:37) - Why employees resign (21:02) - Accounting rules and the supply of accountants (25:00) - FASB announces new rules for cryptocurrencies (26:14) - IRS expanding their modernization efforts for technology (27:55) - FinCEN updates a new service opportunity for accountants (34:27) - Former Jaguars employee accused of stealing over $22 million (39:30) - Nikola founder sentenced to prison for fraud (43:17) - 64% of employees waste time due to lack of deadlines (45:27) - EY laying off US partners (48:35) - EY names Janet Truncale first female global CEO of big 4 firm (49:27) - The IRS plans reorg at the highest leadership levels (50:09) - Israel and the US knew of Hamas bank account (54:07) - Hunter Biden's indictment (58:29) - All Sorts director demonstrates how he uses spreadsheets (01:02:14) - Wrap up and where to reach us Show Notes Trump PAC paid for expert witness testimony in NY civil fraud trial https://www.nbcnews.com/politics/donald-trump/trump-pac-paid-expert-witness-testimony-ny-civil-fraud-trial-rcna128804 EY Is Laying Off U.S. Partners Amid Tough Economic Conditions – WSJ https://www.wsj.com/articles/ey-is-laying-off-u-s-partners-amid-tough-economic-conditions-9efc4aa6 Accounting Rules and the Supply of Accountants by Anthony Le :: SSRN https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4666335 Righting Retention - Insight Special Feature https://www.icpas.org/information/professional-issues/talent-retention Stripper and escort rakes in $34k per week catering to Wall Street https://nypost.com/2023/12/18/business/stripper-and-escort-rakes-in-34k-per-week-catering-to-wall-street/ FinCEN ramps up guidance as beneficial ownership requirements looms | Accounting Today https://www.accountingtoday.com/opinion/fincen-ramps-up-guidance-as-beneficial-ownership-requirements-fast-approach Trevor Milton Gets Four Years in Prison for Deceptions on Zero-Emission Trucks https://www.wsj.com/us-news/law/trevor-milton-lied-about-nikolas-zero-emission-trucks-is-that-worth-a-decade-in-prison-ae35ce40 64% of Employees Waste Hours Due to Lack of Deadlines | CFO https://www.cfo.com/news/64-of-employees-waste-hours-due-to-lack-of-deadlines/702774/ IRS Expands Business Tax Account Tool To Include S Corps And Partnerships https://www.forbes.com/sites/kellyphillipserb/2023/12/18/irs-expands-business-tax-account-tool-to-include-s-corps-and-partnerships/ Israel Found the Hamas Money Machine Years Ago. Nobody Turned It Off. https://www.nytimes.com/2023/12/16/world/europe/israel-hamas-money-finance-turkey-intelligence-attacks.html?smid=nytcore-ios-share&referringSource=articleShare Hunter Biden Charged With Evading Taxes on Millions From Foreign Firms https://www.nytimes.com/2023/12/07/us/politics/hunter-biden-indictment.html Former Jaguars employee accused of stealing over $22 million – ESPN https://www.espn.com/nfl/story/_/id/39059710/former-jaguars-employee-accused-stealing-22-million EY names Janet Truncale as first female global CEO of Big Four firm | Accounting Today https://www.accountingtoday.com/articles/ey-names-janet-truncale-as-first-female-global-ceo-of-big-four-firm NY AG disputes Trump expert’s GAAP analysis https://www.cfodive.com/news/gaap-holds-spotlight-final-stretch-250m-trump-civil-fraud/702327/ Hunter Biden Indicted On Criminal Tax Charges In California https://www.forbes.com/sites/kellyphillipserb/2023/12/08/hunter-biden-indicted-on-criminal-tax-charges-in-california/ Hunter Biden Charged with Tax Crimes in Los Angeles https://www.cpapracticeadvisor.com/2023/12/11/hunter-biden-charged-with-tax-crimes-in-los-angeles/98977/ Trump's accounting expert trashes NY's 'absurd' fraud case https://www.accountingtoday.com/articles/trumps-expert-accounting-witness-trashes-nys-absurd-fraud-case-in-court-clash Donald Trump returns to court, lauds his defense expert who sees no evidence of accounting fraud