Mick Jagger Not a Fan of Former Financial Adviser's "Tell-All" Book
If there is one rule all financial advisers should follow, it's to keep your damn mouth shut. Tell that to Prince Rupert Loewenstein - the man credited with helping the Rolling Stones go from broke...
View ArticleClik here to view.
Is This Way to CPA Saying You Have a Big Head?
Normally I am a fan of their graphics but, um:
View ArticleMarine Struggling With the Transition From Military Fist Fights To Big 4...
This guy on Reddit is a tad upset (not to mention a bit preoccupied with fellatio as it pertains to earning brownie points in public accounting):I hate the corporate accounting world, and small private...
View ArticleClik here to view.
Busy Season Problems: "A Case of the Gary Buseys"
From the tip box:Fuck busy season. I haven't had a wax in like 9 weeks. Not that it matters since I don't get home before my husband is asleep. My roots look like shit and I haven't bothered with...
View ArticleFootnotes: Be Glad You Are Employable; The Next Big Investment; Ponzi Ponzi...
CPA convicted for role in $40 million Ponzi scheme [WCNC]With accounting system ‘on the ropes,’ Arizona moving forward with upgrade [Cronkite News]Fort Collins accountant allegedly stole more than...
View ArticleANR: IRS Going Soft?; New KC KPMG OMP; Surprising Tax Deductions | 02.12.13
BNY Mellon to take $850 million profit charge in U.S. tax court defeat [Reuters]BNY Mellon Corp (BK.N) said on Monday it will take an $850 million hit against first-quarter profit, a move that also...
View ArticleCleverly Named Tax Bill Probably Kept Senate Staffers Up All Night
Senators Carl Levin, D-Mich., and Sheldon Whitehouse, D-R.I., introduced the Cut Unjustified Tax Loopholes Act, also known as the CUT Loopholes Act, or S. 268, on Monday. The bill was introduced in the...
View ArticleCharlie Rangel Told Sean Hannity He Needs a Good Accountant
Last night, New York Rep Charlie Rangel made his way to Colin's favorite fair and balanced news channel to sit down with Sean Hannity and Hannity's hair to talk taxes.Newsbusters has the...
View ArticleMinnesota's Sexiest Accountant Contest: Cute or Creepy?
We can pretty safely assume that most of you did not enter the profession to add to your sexy factor, so how would you feel about being nominated as your state's sexiest accountant in honor of Tax...
View Article[VIDEO] Finally, an Accounting Rap That Isn't That Bad
So this video is almost two years old but apparently we never published it before, half of you are too busy right now to even care what we publish and Colin has once again bailed, leaving me in charge...
View ArticleFootnotes: FASB To Take Another Swing at Pension Accounting; New CPA Exam...
Metrolink executive quits after report cites accounting problems [LA Times]KRUGMAN: Sweden Has The Answers To Our Taxation Problems [Business Insider]FASB Could Revisit Pension Accounting This Year...
View ArticleAccounting News Roundup | 02.13.13
SocGen Posts Fourth-Quarter Loss on Newedge, Legal Expenses [Bloomberg]Societe Generale SA, France’s second-largest bank, posted a fourth-quarter loss after writing down its stake in derivatives broker...
View ArticleHere's Another Sad Story About a Thief Who Got Dinged By The IRS For Not...
This poor bastard has been sentenced to a year and a day for gyping the IRS out of their chunk of the money he stole from his employer:[Jeffrey] Scher, a certified public accountant, was employed as...
View ArticleThe PCAOB Is Really, Really Serious About Checking Chinese Auditors' Work
Oh are we still on this?:The head of the U.S. audit watchdog said on Wednesday his organization may need to resort to enforcement actions against auditors based in China if they fail to hand over...
View ArticleThe SEC is Developing an Army of Robots to Replace You
You're an accountant, so I'm going to assume you have self-esteem issues. On the off chance you were starting to think that your existence might be meaningful, the SEC announced that it's working on a...
View ArticleLayoffs Watch '13: Is KPMG Going To Trim a Few Auditors?
From the tip box:Just got out of a manager meeting and it looks like KPMG is going to thank a good chunk of their staff for their hard work during busy season with pink slips.Confirmed audit practice...
View ArticleFootnotes: A Few Good Whistleblowers Wanted | 02.13.13
U.S. audit watchdog is in sequestration line of fire [Reuters]Cabinet approves tax compliance deal with US [Swissinfo]Treasury nominee wins over critics, says tax reform top priority [Reuters]Fewer...
View ArticleClik here to view.
ANR: SEC Approves PCAOB's Milk Money; GOP Less Enthused About Tax Reform;...
U.S. IRS paid record $125 mln to whistleblowers in 2012 [Reuters]The U.S. Internal Revenue Service paid a record $125.4 million in 2012 to whistleblowers who provided evidence of tax cheating, most of...
View ArticleAll's Unfair on Valentine's Day During Busy Season
Today is Valentine's Day, and there are a lot of pissed off accountants because of it. Every year busy season robs us of all of the most random American holidays: Groundhog Day, April Fools' Day, St....
View ArticleClik here to view.
Happy 100th Birthday, Federal Income Tax!
This month marks the 100th anniversary of the ratification of the 16th Amendment or - as some of you consider it - the thing that keeps you in a job.Back in 1913, the personal income tax would get you...
View Article
