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The Daily

  • Study: Good Credit Makes Good Marriages

    By:
    Chris Gaetano
    |
    Oct 8, 2015
    The Beatles long ago asserted that money can't buy you love, but a recent paper from the U.S. Federal Reserve Board posits that, perhaps, good credit can help you keep it. 

  • SEC Charges Execs with Veritable Smörgåsbord of Bad Accounting Practices

    By:
    Chris Gaetano
    |
    Oct 7, 2015
    The Securities and Exchange Commission charged two executives of a now-defunct computer equipment company with so, so, so many bad accounting practices. 

  • PwC Eclipses Deloitte as Biggest of Big Four

    By:
    Chris Gaetano
    |
    Oct 7, 2015
    Through aggressive expansion since the financial crisis, PricewaterhouseCoopers has surpassed Deloitte as the largest of the Big Four firms, according to the Financial Times. 

  • Sun, Sand, and Tax Dodges: Bermuda, Cayman Islands and British Virgin Islands IDed as Biggest Tax Havens

    By:
    Chris Gaetano
    |
    Oct 6, 2015
    In addition to being great places to take a relaxing beach vacation, the tropical islands of Bermuda, the Cayman Islands and the British Virgin Islands have also been identified by a recent report as the best places to park money you don't want your government to tax. 

  • Study: Most People Are Wrong About Whether They're Underpaid, Overpaid

    By:
    Chris Gaetano
    |
    Oct 5, 2015
    A poll of 71,000 employees has found that people generally aren't that good at figuring out how their compensation stacks up against the market as a whole. 

  • New York City Home to Second Highest ATM Fees in Nation

    By:
    Chris Gaetano
    |
    Oct 5, 2015
    No, it's not just you: New Yorkers pay higher ATM fees than any other city in the nation save for Atlanta. 

  • Credit Suisse Analysis: Everyone is Freaking Out

    By:
    Chris Gaetano
    |
    Oct 2, 2015
    The Credit Suisse Global Risk Appetite Index shows that people are officially in panic mode, with investors the most jittery about the state of the markets since 2012. 

  • PCAOB Outlines Priorities for Next Round of Inspections

    By:
    Chris Gaetano
    |
    Oct 2, 2015
    Internal controls, material misstatement assessments, and accounting estimates: these will be the three main inspection priorities of the Public Company Accounting Oversight Board (PCAOB) over the next year, according to a recent staff inspection brief. 

  • Who Said That? A Quiz for the Politically Inclined.

    By:
    TaxStringer Staff
    |
    Oct 2, 2015

    Can you guess which 2016 Presidential Candidate said these quotes?

  • Study: C-Suite Gender Parity Coming... In About 100 Years

    By:
    Chris Gaetano
    |
    Oct 1, 2015
    The world of the year 2115 will no doubt be a much different place than it is today. Maybe cloned woolly mammoths will be the trendy new pet, maybe there will be people living in colonies on the moon, and maybe, just maybe, there will be about as many women in C-suite positions as men, at least according to a recent study. 

  • FASB Proposes Narrowly-Targeted Changes to Rev. Rec. Standard

    By:
    Chris Gaetano
    |
    Oct 1, 2015
    The Financial Accounting Standards Board (FASB) has proposed a series of changes to the revenue recognition standard in response to feedback from the FASB/IASB Joint Transition Resource Group.  

  • Massive List of Funny Business Names is a Lot of Pun

    By:
    Chris Gaetano
    |
    Sep 30, 2015
    Website Atlas Obscura has crowdsourced what it says is the ultimate list of punny business names in the U.S. 

  • To Do: Rethink How We Do To-Do Lists

    By:
    Chris Gaetano
    |
    Sep 30, 2015
    Ever write a to-do list at the start of your day, and by the time you leave the office you find you've only managed to check off less than half the items on it? Your problem might have started with how you wrote your list in the first place. 

  • You, The One Reading This Blog Post: Stand Up

    By:
    Chris Gaetano
    |
    Sep 29, 2015
    And now raise your arms high in the air, and stretch. Maybe lean a little to the left, and then a little to the right. Ah. Feels good, doesn't it? That's probably because the human body really isn't meant to sit in one place for as long as the traditional office job tends to demand. Growing amounts of scientific literature shows that being sedentary for too long can lead to all sorts of negative health effects, such as heart disease. But then again, standing up for too long can have some pretty adverse effects of their own, as anyone who's worked wait staff at a diner can tell you. 

  • Why Does My Debit Card Suddenly Have a Chip in It?

    By:
    Chris Gaetano
    |
    Sep 29, 2015
    Because retailers have until Oct. 1 to transition from traditional card readers to ones that can process new cards with EMV-enabled technology (EMV stands for Europay, Mastercard, Visa, the three entities that developed the standards for the new chips). If the deadline passes and a retailer still hasn't adopted the new technology, then any losses due to identity theft traced to purchases at their store will be their responsibility, not the bank's.  

  • Survey: People Really Overestimate Social Security

    By:
    Chris Gaetano
    |
    Sep 28, 2015
    How much people think they'll get from Social Security in retirement is much more than what they'll probably wind up getting, according to CNBC. 

  • SEC to Focus on Non-Registrant Disclosure Requirements

    By:
    Chris Gaetano
    |
    Sep 28, 2015
    The Securities and Exchange Commission (SEC) is collecting comments that are intended to guide possible rule changes regarding information disclosures on entities other than the registrant. 

  • FASB Has Materiality on its Mind

    By:
    Chris Gaetano
    |
    Sep 25, 2015
    The Financial Accounting Standards Board (FASB) has released two new proposals that aim to clarify, number one, what is and is not material and, number two, what it is they mean by "material" in the first place. 

  • Study: Randomizing Audit Methodology Over Time Can Deter Fraudsters

    By:
    Chris Gaetano
    |
    Sep 25, 2015
    Doing an audit the same way year in and year out may make things easier on the CPA, but it also makes things easier on fraudsters, who can very quickly pick up on weaknesses in audit methodology in order to better hide their illicit activities. With this in mind, a recent paper has suggested that randomizing audit methodologies every so often, or at the very least switching things up every so often, can make fraud more difficult and easier to detect. 

  • SEC Holds Investment Adviser Liable for Cyber Attack

    By:
    Chris Gaetano
    |
    Sep 24, 2015
    The Securities and Exchange Commission found an investment adviser to be liable for a massive cyber attack that targeted his firm, saying that the firm pretty much left the front door wide open, thus failing to protect the over 100,000 clients whose personal information was put at risk during the incident. 
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