{"id":327468,"date":"2025-12-02T09:34:15","date_gmt":"2025-12-02T09:34:15","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/monday-morning-accounting-news-brief-irs-agents-gonna-be-sifting-through-a-lot-of-feet-pics-making-new-hires-fetch-beers-builds-character-12-1-25\/"},"modified":"2025-12-02T09:34:15","modified_gmt":"2025-12-02T09:34:15","slug":"monday-morning-accounting-news-brief-irs-agents-gonna-be-sifting-through-a-lot-of-feet-pics-making-new-hires-fetch-beers-builds-character-12-1-25","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=327468","title":{"rendered":"Monday Morning Accounting News Brief: IRS Agents Gonna Be Sifting Through a Lot of Feet Pics; Making New Hires Fetch Beers Builds Character | 12.1.25"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Hey. Everyone have a nice holiday? Scored some decent Black Friday deals? Ready for another week of work? Good. <a href=\"https:\/\/www.goingconcern.com\/monday-morning-accounting-news-brief-irs-agents-gonna-be-sifting-through-a-lot-of-feet-pics-making-new-hires-fetch-beers-builds-character-12-1-25\/mailto:adrienne@goingconcern.com\">Email<\/a> or <a href=\"https:\/\/www.goingconcern.com\/monday-morning-accounting-news-brief-irs-agents-gonna-be-sifting-through-a-lot-of-feet-pics-making-new-hires-fetch-beers-builds-character-12-1-25\/tel:2025058885\">text<\/a> if you have a tip or story and please enjoy this taste of news to get you going.<\/p>\n<p>A large UK firm talks to <em>The Times<\/em> about how it\u2019s training up the next generation in \u201c<a href=\"https:\/\/www.thetimes.com\/business\/companies-markets\/article\/young-accountants-will-be-sent-to-pull-pints-to-learn-people-skills-vnl33t3fh\" target=\"_blank\" rel=\"noreferrer noopener\">Young accountants will be sent to pull pints to learn people skills<\/a>.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>If there is one thing that pulling pints and waiting tables is good for, it is building strong people skills. Now one of Britain\u2019s largest accountancy firms wants to take lessons from the hospitality sector.<\/p>\n<p>The boss of Azets, which has 64 offices across the UK and employs more than 4,000 people, is looking to work with hotel, pub and restaurant chains to offer secondments to trainee accountants.<\/p>\n<p>\u201cWe\u2019ve got some very early conversations ongoing with some national hospitality businesses. I just feel that hospitality is a fantastic move,\u201d said Peter Gallanagh, the international firm\u2019s UK chief executive.<\/p>\n<\/blockquote>\n<p>\u201cHistorically, the focus was on financial accuracy and compliance. I\u2019m not saying we lose any of that, but that\u2019s now being done by AI and automation. We need to move towards a more front-end, front of house, hospitality-type relationship,\u201d he said.<\/p>\n<p>So I guess that\u2019s what we\u2019re doing now.<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p><a href=\"https:\/\/www.nytimes.com\/2025\/12\/01\/us\/politics\/no-tax-on-tips-irs-exclusions.html\" target=\"_blank\" rel=\"noreferrer noopener\"><em>New York Times<\/em> asks<\/a> what counts as pornography for IRS purposes related to No Tax on Tips (heh) since pornography is excluded from the rule:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>President Trump\u2019s promise for \u201cno tax on tips\u201d has raised important practical questions for the Internal Revenue Service. What is the exact definition of a tip? Who typically receives them? Are photos of bare feet a type of pornography?<\/p>\n<\/blockquote>\n<p>Then we get to the meat:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Tax professionals also wonder how a restriction on \u201cpornographic activity\u201d would actually work. The I.R.S. has not yet elaborated on which activities it would consider \u201cpornographic.\u201d It is unclear, for example, whether strippers could claim the tips deduction. There is plenty of activity that an accountant or tax lawyer could argue is merely titillating.<\/p>\n<p>\u201cWhere\u2019s the line?\u201d said Katherine Studley, an accountant who counts many OnlyFans creators among her clients. \u201cJust because you\u2019re on OnlyFans, that doesn\u2019t necessarily mean it\u2019s pornographic. You could have a cooking channel or a yoga channel.\u201d<\/p>\n<\/blockquote>\n<p>Oh man, this is going to get messy (not a pun I assure you):<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Whether or not the I.R.S. tries to come up with its own definition of \u201cpornographic activity,\u201d enforcing the exclusion would most likely still involve auditing taxpayers who report tips from sources like OnlyFans. An I.R.S. agent would have to view a taxpayer\u2019s content, decide if it was pornographic and then deny the deduction for tips, which is capped at $25,000.<\/p>\n<\/blockquote>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p><a href=\"https:\/\/fortworthinc.com\/news\/from-intern-to-ceo-nathen-mceown-leads-whitley-penn-into-a-n\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Fort Worth Inc.<\/em> profiles Whitley Penn CEO Nathen McEown<\/a>. Here he explains his path to accounting:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>McEown has bachelor\u2019s and master\u2019s degrees in accounting from Texas Tech. A native of Rockwall, McEown went to college with an eye on computer science.<\/p>\n<p>\u201cThat was the hot thing,\u201d he says of computer science in the late 1990s. \u201cI think it was the highest paying major at Tech. That\u2019s how I picked my degree, which is a terrible way to pick your degree. I had no passion or interest in it, and soon as I started programming, I realized this wasn\u2019t for me.\u201d<\/p>\n<p>His objective turned to doing something that offered job security.<\/p>\n<p>\u201cI decided I needed to go somewhere where there\u2019s always going to be work,\u201d he says. \u201cAnd accounting was that. It definitely was the right option for me. Then I got into the industry and just fell in love with public accounting.\u201d<\/p>\n<\/blockquote>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p><em>FT<\/em> tackles the topic of graduate salaries in \u201c<a href=\"https:\/\/www.ft.com\/content\/2b15601b-8d02-4abe-a789-7862874042be\" target=\"_blank\" rel=\"noreferrer noopener\">Top consultancies freeze starting salaries as AI threatens \u2018pyramid\u2019 model<\/a>\u201c:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Job offers sent by firms including McKinsey and Boston Consulting Group for 2026 show that pay for graduates is being held at the same level as this year, according to Management Consulted, which coaches students through the interview process, and people familiar with the offers.<\/p>\n<p>\u201cThere are real productivity improvements from AI implementation inside firms,\u201d said Namaan Mian, chief operating officer of Management Consulted, adding that the ability to wring more value from fewer junior employees \u201cis putting downward pressure on salaries\u201d.<\/p>\n<\/blockquote>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p>EY asks an important question: <a href=\"https:\/\/www.ey.com\/en_in\/insights\/forensic-integrity-services\/can-ai-be-governed-before-it-governs-us\" target=\"_blank\" rel=\"noreferrer noopener\">Can AI be governed before it governs us?<\/a> <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>In today\u2019s data-driven economy, trust is the new currency. Organizations that embed responsibility into their AI models stay ahead of evolving regulations and make long-term impact. Findings of the 2025 EY Global Responsible AI Pulse survey of 975 C-suite leaders across the world, reveal that nearly every company in the survey has already suffered financial losses from AI-related incidents, with average damages conservatively topping US$4.4 million. With great power comes great responsibility. Today, that power belongs to AI. However, are we responsible enough to tame it to a point where it becomes a competitive advantage rather than a risk-inducing cost center?<\/p>\n<\/blockquote>\n<p>OK I have to\u2026<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"480\" height=\"270\" src=\"https:\/\/www.goingconcern.com\/wp-content\/uploads\/2025\/12\/RuPaul-with-great-power.webp\" alt=\"\" class=\"wp-image-1000901016\" srcset=\"https:\/\/www.goingconcern.com\/wp-content\/uploads\/2025\/12\/RuPaul-with-great-power.webp 480w, https:\/\/www.goingconcern.com\/wp-content\/uploads\/2025\/12\/RuPaul-with-great-power-300x169.webp 300w, https:\/\/www.goingconcern.com\/wp-content\/uploads\/2025\/12\/RuPaul-with-great-power-150x84.webp 150w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\"\/><\/figure>\n<\/div>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p>That\u2019s a wrap for this, the first Monday morning news brief of December. Now go out there and count your little butt off, you.<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Hey. Everyone have a nice holiday? Scored some decent Black Friday deals? Ready for another week of work? Good. Email or text if you have a tip or story and please enjoy this taste of news to get you going. A large UK firm talks to The Times about how it\u2019s training up the next [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":327469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11759],"tags":[153932,12843,11530,12859,21772,983,3650,44182,40409,41661,14221,606,2167,6333,35709,11549,1820,9632,21737],"dealstore":[],"offerexpiration":[],"class_list":["post-327468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-12-1-25","tag-accounting","tag-agents","tag-beers","tag-builds","tag-character","tag-feet","tag-fetch","tag-gonna","tag-hires","tag-irs","tag-lot","tag-making","tag-monday","tag-monday-morning-accounting-news-brief","tag-morning","tag-news","tag-pics","tag-sifting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Monday Morning Accounting News Brief: IRS Agents Gonna Be Sifting Through a Lot of Feet Pics; Making New Hires Fetch Beers Builds Character | 12.1.25 - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=327468\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monday Morning Accounting News Brief: IRS Agents Gonna Be Sifting Through a Lot of Feet Pics; Making New Hires Fetch Beers Builds Character | 12.1.25 - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Hey. 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