Monday Jan 23 2023
Thursday, February 16th 4:00 PM – 6:00 PM at Morgan's Wonderland located at 5223 David Edwards Dr
You must contact SA TXCPA to tell them you are coming.
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Professor Elam
Accounting & Investing Info for San Antonio A & M
about
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Professor Elam
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Professor Elam
Thursday Jan 19 2023
A national shortage of accountants is driving firms to hire overseas reports the WSJ.
Story in today's WSJ.
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Professor Elam
Thursday Jan 19, 2023
Alvin Chau helped transform Macau into a major gambling center.
Alvin Chau, one of Macao’s high-profile gambling promoters, has been sentenced to 18 years in prison for racketeering and illegal gambling activities, the city’s public broadcaster TDM reported Wednesday.
Chau, 48, was the former chairman of Suncity Group, a Macao-based company that helped promote gambling by lending credit to high rollers. Macao is the only region in China where gambling in casinos is legal.
Chau was ordered by the court to pay the Macao government more than HK$6.5 billion ($830 million), the broadcaster reported, as well as $22.7 mlliion to $98 million to a number of casino operators.
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Professor Elam
January 18 2023
US is spending 120% of its GDP.
That is the sort of thing usually associated with deadbeat countries like those in South America. I wonder if TeamBiden knows how many billions or millions are in 31.4 trillion.
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Professor Elam
Wed Jan 18 2023
Class
Please see me if you are interested in this position
Dennis Elam
Hi Dr. Elam,
Good Evening! Due to a recent change in our Audit Intern program, we are in need of a Spring 2023 Audit Intern. This position requires 40 hours a week M-F (8-5/9-6). We are looking for a candidate to have had completed intermediate accounting I and II and be able to work full-time through April 30th. If you have any additional intern candidates in mind, please send them to us this week, as we intend to conduct interviews and hire as soon as we find the right candidate.
As always, thank you for your continued support of FHK’s intern program. Have a great week!
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Professor Elam
Wed Jan 18 2023
A 2016 Self Driving Video of a Tesla was faked.
A 2016 video that Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that the system did not have, according to testimony by a senior engineer.
The video, which remains archived on Tesla’s website, was released in October 2016 and promoted on Twitter by Chief Executive Elon Musk as evidence that “Tesla drives itself.”
But the Model X was not driving itself with technology Tesla had deployed, Ashok Elluswamy, director of Autopilot software at Tesla, said in the transcript of a July deposition taken as evidence in a lawsuit against Tesla for a 2018 fatal crash involving a former Apple engineer.
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Professor Elam
Tuesday jan 17 2023
Social Security Administration announces the increases for 2023
- The maximum earnings subject to the FICA tax will increase from $147,000 to $160,200 which means for 2023, the maximum Social Security tax that employers and employees each will pay is $9,932.40 ($160,200 x 6.2%). The Medicare component will remain the same at 1.45% of all earnings. Plus, individuals with earned income of more than $200,000 ($250,000 for married couples filing jointly, and $125,000 for married filing separately) will pay an additional .09% in Medicare taxes.
- The cost-of-living increase of $8.7% will be seen for recipients of Social Security Benefits and Supplemental Security Income (SSI).
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Professor Elam
Tuesday January 17, 2023
The three museums that you can access with your Jaguar ID are the Witte Museum, the McNay Art Museum, and the San Antonio Museum of Art (SAMA). For more information – as well as to see what other museums in town have “free” days, check out our website: https://www.tamusa.edu/mays/museums/index.html
the first three are free with your TAMUSA card
https://www.briscoemuseum.org/
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Professor Elam
Monday Jan 16, 2023
Danske Bank, Denmark's largest, pays $2 B fine for laundering funds thru U S Banks.
A US Attorney makes the following statement, does anyone think this will change future behavior?
For years, Danske Bank lied and deceived U.S. banks to pump billions of dollars of suspicious and criminal funds through the U.S. financial system,” said U.S. Attorney Damian Williams for the Southern District of New York. “In doing so, Danske Bank, the largest bank in Denmark, deliberately disregarded U.S. law of which it is well aware, facilitated the laundering of criminal and suspicious proceeds through the United States, and placed the U.S. financial network at risk, all in the name of its bottom line. The bank is now being held to account. For its years-long criminal conduct, today Danske Bank pleaded guilty to conspiring to commit bank fraud, will forfeit over $2 billion, and will implement and maintain a revamped compliance program and AML controls. Banks and other financial institutions around the world should heed this message: If you want to use the U.S. financial system, you must play by the rules. If you don’t, we will hold you accountable.”
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Professor Elam
Professor Elam 