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The Daily

  • SCOTUS Same-Sex Marriage Ruling Brings Financial Implications for Couples

    By:
    Chris Gaetano
    |
    Jun 26, 2015
    The Supreme Court of the United States legalized same-sex marriage nationwide today, a move that carries significant financial implications for same-sex couples across the country. 
  • SCOTUS Upholds Obamacare Subsidies

    By:
    Chris Gaetano
    |
    Jun 25, 2015
    The Supreme Court of the United States has decided, 6-3, that Americans who got their health insurance from a federally-run exchange still qualify for subsidies despite language that gave the impression the program only applied to state-run exchanges. 
  • ISIS Begins Minting Own Currency

    By:
    Chris Gaetano
    |
    Jun 25, 2015
    ISIS has begun to mint its own gold and silver coins for use within its conquered territories, with a design based off the Caliphate of Uthman from the year 634. 
  • "Workations" Formalize What Most People Do on Vacations Anyway

    By:
    Chris Gaetano
    |
    Jun 24, 2015
    Given that more than half of people admit to working on their vacations anyway, some people have opted to ditch the pretense altogether and officially go on what's called a "workation." 
  • Study: 43 Percent of Married People Don't Know How Much Spouse Makes

    By:
    Chris Gaetano
    |
    Jun 24, 2015
    Beyond the emotional implications, marriage can also carry a number of financial ones, but despite this fact, nearly half of married people don't know how much their spouse makes. 
  • Study: High State Taxes, High Migration from State

    By:
    Chris Gaetano
    |
    Jun 23, 2015
    An analysis of moving data performed by CNBC has shown that states with the highest per capita tax burdens are also experiencing the highest migration outflows, showing a connection between high state taxes and people leaving the state. 
  • Ben Bernanke: Don't Drop Hamilton from $10 Bill, Drop Jackson from $20 Bill

    By:
    Chris Gaetano
    |
    Jun 23, 2015
    Former Chairman of the Federal Reserve Ben Bernanke said that the Treasury Department should drop its recently mentioned plans to put a woman on the ten dollar bill in place of Alexander Hamilton. Instead, he said that the country should drop Andrew Jackson from the $20 bill and put a woman in his place instead. 
  • House Fights to Head Off Potential SEC Rule on Political Spending Disclosures

    By:
    Chris Gaetano
    |
    Jun 22, 2015
    Members of the House of Representatives have moved to prevent the SEC from implementing a potential rule that could require companies to disclose its political spending.
  • SCOTUS Rules Against Madoff Victim Trustee

    By:
    Chris Gaetano
    |
    Jun 22, 2015
    The Supreme Court of the United States sided with an appeals court that had ruled against a claim by Irving Picard, a trustee representing the victims of notorious fraudster Bernie Madoff, to recoup funds from customers who withdrew their money before the scheme collapsed. 
  • Average Interview Process Nearly Doubled in Length Since 2010

    By:
    Chris Gaetano
    |
    Jun 19, 2015
    It's taking more and more time to go through the interview process, according to a recent study which found that, on average, it now takes about 22.9 days to screen job candidates, nearly double the 12.6 days it took in 2010. 
  • Study: CFOs Think 20 Percent of Firms Distort Earnings

    By:
    Chris Gaetano
    |
    Jun 19, 2015
    CFOs may be a little cynical about their peers, as a recent study shows that on average, CFOs believe that about 20 percent of firms distort their earnings to the point where it misrepresents the business's economic performance. 
  • Average Age of Corporate Directors Creeping Up

    By:
    Chris Gaetano
    |
    Jun 18, 2015
    The average age for a corporate director has inched forward in the past seven years, going from 61 to 64, meaning that companies are either taking on older board candidates than before, or current directors are staying on for longer. 
  • Treasury Secretary: a Woman Will Be on Next 10 Dollar Bill

    By:
    Chris Gaetano
    |
    Jun 18, 2015
    U.S. Treasury Secretary Jack Lew said that the $10 bill will be redesigned to feature a woman in the year 2020, the centennial anniversary of the 19th amendment which gave women the right to vote. 
  • Should You Stay or Should You Go: the Career Calculations Behind Taking a Vacation

    By:
    Chris Gaetano
    |
    Jun 16, 2015
    On the one hand, the sun is shining, the breeze is blowing, and while you're miles away from the ocean you none the less hear it calling your name. On the other, the deadline is Friday, the sales figures are flagging, and your boss, from about ten feet away, is also calling your name. Maybe it's time for a vacation, but then again, maybe not. 
  • House Bill Revives Online Sales Tax Debate

    By:
    Chris Gaetano
    |
    Jun 16, 2015
    House Oversight Chairman Jason Chaffetz (R-Utah) has introduced a new bill, the Remote Transactions Parity Act, meant to be a less politically objectionable version of a previous proposal that ultimately died in the House last Congress, according to the Hill
  • Student Loan Debt Growing $3,055 a Second

    By:
    Chris Gaetano
    |
    Jun 15, 2015
    Currently there is more than a trillion dollars worth of outstanding student loan debt, and that's not a sum set to shrink anytime soon: an article in Marketwatch says that, in fact, this figure grows by $3,055 per second.
  • IRS Aims to Beef Up Anti-Fraud Measures

    By:
    Chris Gaetano
    |
    Jun 12, 2015
    The IRS is teaming up with tax preparation firms to find ways to strengthen the security of its filing system after a series of cyber attacks led to criminals stealing the personal information of thousands of U.S. taxpayers, according to the Wall Street Journal. 
  • U.S.-Zimbabwe Exchange Rate Now 35 Quadrillion to 1

    By:
    Chris Gaetano
    |
    Jun 12, 2015
    The nation of Zimbabwe, which has experienced years of runaway hyper-inflation, now has a currency exchange rate of, literally, 35 quadrillion Zimbabwean dollars to 1 U.S. dollar, which has led to the country to formally take their own currency out of circulation, according to Bloomberg. 
  • Poll: Finding, Retaining Qualified Staff are CPA Firms' Number One Concern

    By:
    Chris Gaetano
    |
    Jun 10, 2015
    All but the smallest CPA firms report that their number one concern for the future is either finding or retaining qualified staff, indicating that firms are seeking to grow over the coming years. 
  • Shady Numbers from Tech Startups Demonstrate Why Accounting Standards Exist

    By:
    Chris Gaetano
    |
    Jun 10, 2015
    Investors dealing with tech startups are becoming increasingly frustrated at numbers thrown at them that seem to have very different meanings that what they might seem, leading to unpleasant surprises that, none the less, don't run afoul of securities law given that these new businesses have yet to issue any actual securities.