Financial Executive Magazine By Jeffrey Marshall and Ellen M. Heffes The editors reached out to a wide range of experts — CFOs and former CFOs, consultants, academics, accountants and technology vendors — to get their thoughts about what the coming […]
Yet another tax increase is being discussed in Wisconsin, a state already known for its extremely high tax burden. Naturally, lawmakers are spinning this tax increase as a tax shift, rather than an increase. Suuuuuuuure. Here’s the idea: State Sen. […]
The six biggest accounting firms in the United States have suggested that companies should be forced to submit to forensic audits every three to five years. These types of engagements would be aimed at finding fraud. The six firms include […]
The first winner of the popular reality television show “Survivor” was sentenced to 51 months in prison for his conviction on tax evasion charges. Richard Hatch, 45, was convicted in January of failing to pay taxes on the $1 million […]
Mark Everson, commissioner of the [tag]Internal Revenue Service[/tag], is proposing that corporations stop offering [tag]stock options[/tag] to Chief Financial Officers. The recent [tag]option backdating[/tag] problems are fueling his comments, and he says that CFOs are already rich and shouldn’t have […]
Tyco International Ltd. still owes the Internal Revenue Service $50 million in income taxes related to capital gains that were not reported in its 1999 federal tax return. The company’s former vice president of taxation, Raymond Scott Stevenson has been […]
The partners at Arthur Andersen were having another argument about the management of the Enron account. As usual, Enron executives were throwing their weight around and trying to dictate who could be involved on their engagement. Specifically, they didn’t want […]
Mary Ellen Wilson, a former office manager at Gentle Family Dentistry in New Berlin, was sentenced to 3 years in prison for stealing over $350,000 from the dental practice. Her [tag]prison[/tag] term will be followed by 5 years on extended […]
The [tag]Wall Street Journal[/tag] had an interesting article today about moving to Nevada to [tag]avoid taxes[/tag]. The story mentions David Duffield, an entrepreneur who left California to build a $50 million estate in Nevada. He was hoping to save millions […]
The federal judge in the KMPG accounting fraud case in New York ruled that federal prosecutors cannot pressure companies to stop paying legal fees for indicted employees. In doing so, the government would get an unfair advantage and violate due […]
