Layoffs Watch '12: KPMG Cuts Have Some People Spooked
Last month we learned that KPMG's UK operation announced its "regrettable" plans to tell 300 of its people to hit the bricks. While there hasn't been any other Big 4 firms in the Queendom, the news out...
View ArticleDavid Cay Johnston Sticks Up for Tax Nerds Being Picked on By the Romney...
The Romney campaign isn't crazy about the Tax Policy Center's critique of their tax plan presumably because it casts a bit of an unflattering light on it (i.e. isn't mathematically possible, leaves out...
View ArticleFootnotes: Facebook Blamestorming; The Influentials; Grover Owned Tampa |...
Facebook Investors Know Exactly Whom to Blame [Bloomberg] Top 100 Influential People [AT] In Retrospect, CNBC Thinks Investing With Bernie Madoff Wasn’t Such A Bad Idea [DB] Reading the Tax Reform Tea...
View ArticleAccounting News Roundup: A Deal on the Back of AMT?; Larry Flynt Makes an...
U.S. Plans $18 Billion Sale of AIG Stock [WSJ]The Treasury Department said it would sell $18 billion of American International Group Inc. stock in a public offering, slashing its stake by more than...
View ArticleSumming Up Tax Policy in This Presidential Election
Tax Analysts' Chris Bergin doesn't like what he heard from Mitt Romney yesterday: In a taped interview, host [Meet the Press host] David Gregory repeatedly asked Romney for details of his tax plan. He...
View ArticleToday’s Groupon: A Chief Accounting Officer Courtesy of KPMG
Chronically accounting challenged coupon* carrier, Groupon, has found a new Chief Accounting Officer and they've followed the methodology most notably employed by PwC - poaching a KPMG partner: Groupon...
View ArticleHere's How California Schools Did on the CPA Exam in 2011
Sorry for the delay in getting this data out to you guys (I know I know, you were sooooo excited by the 2010 data last time), but we had to jump through a few flaming hoops to get permission from NASBA...
View ArticleThe Most Interesting Thing We Learned in This Interview with PwC's Head of...
One of our least favorite things to do here at GC is to read profiles of so-called leaders - I say "so-called leaders" because there's a bajillion of them - in the accounting profession only to find...
View ArticleFootnotes: Turbo Tim Geithner, KPMG Swings and Misses, Facebook Does...
French newspaper to France's richest man: "Get lost, you rich bastard" [NS via TaxProf] Tim Geithner had a pretty good finish in Nation’s Triathlon 2:33:07 [WaPo] KPMG strikes out in bid to toss Texas...
View ArticleAccounting News Roundup: How to Fix the Carried Interest Loophole; Who Wants...
Mitt Romney, Carried Interest and Capital Gains [Economix/NYT][I]t is a pipe dream to believe that eliminating the capital gains preference is the key to fixing the carried interest loophole. It can...
View ArticleThe Third Batch of CPA Exam Scores Has Been Released for the July/August...
You've waited and waited and waited and now that the moment of truth is finally here. #AICPA released the following scores to #NASBA from the Jul/Aug 2012 testing window: 6905 AUD, 5201 BEC, 6989 FAR,...
View ArticleRecruiting Season: When an Accounting Firm Has Multiple Openings, Be a Decider
Is your career stuck in neutral? Looking for a way to convince your boss that Fantasy Football strategizing is legitimate billable hours? Need ideas for accounting-themed names for your two Pomeranian...
View ArticleJust How Difficult Is It To Be a Recovering Alcoholic in Public Accounting...
Hi my name is Adrienne and I'm a snarkaholic. If you are just dying to tell someone your life story, let's meet in the church basement and talk it out. We're here for you, buddy. It works if you work...
View ArticleBonus Watch '12: IRS Whistleblowers
Don't expect this to be the standard result for any future snitches on corporate tax evaders, but the IRS did make good for at least one informant: The Internal Revenue Service awarded tax...
View ArticleFootnotes: Healthcare Quagmire for IRS, Internship Value, Promoted CFO Pay...
Health Law Means IRS Quagmire, Former Commissioner Says [BBW] Worthless Internships A more realistic look at the [Northwestern Mutual] survey [...] might lead one to the conclusion that internships are...
View ArticleANR: Peregrine CEO Faces 50 Years in Plea Deal; IRS Agents Won't Enforce...
Peregrine CEO Signs Plea Deal [WSJ]The chief executive of Peregrine Financial Group Inc. faces a maximum 50 years in prison under a plea agreement he signed with federal prosecutors. Under the...
View ArticleRecruiting Season: Dressing for Success Means Following a Lot of Garden...
No more articles about how to dress for interviews. We see them every year, and we read them because the case for flat-front slacks is much more interesting than the case for private company GAAP. I...
View ArticleLet’s Try to Make Some Sense of President Obama’s "Tax Breaks for Companies...
One other major point of contention (that relates to taxes) in last night's debate was President Obama mention of "tax breaks [given] to companies that are shipping jobs overseas." It's not entirely...
View ArticleFootnotes: Nally Yearns for China; The Forgotten Tax Cut; Everyone Loves Luca...
PwC global chair hoping for China audit resolution [Rueters] Mitt Romney's Trillion Dollar Tax Cut Nobody Talks About [The Atlantic] Reid: Romney's tax plan as dishonest as own returns [The Hill]...
View ArticleANR: Romney Was Just Kidding About That 47% Stuff; Everyone Say Hi to the...
Jobless rate tumbles to near four-year low [Reuters]The unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid. The...
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