The Tortoise Sometimes Wins

We’ve all seen the YouTube videos of angry customers verbally abusing fast food restaurant employees because his or her order was taking a few minutes too long. Who hasn’t sped up to a red light just to be the first car in your lane? Infomercials on teaching your child to recognize words before they can [...]

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Fortune – The best networking email you’ll get all year

Did you get an email last month from your friends at LinkedIn with the following subject: “Jodi, 86 of your connections changed jobs in 2010″? If you did, it is quite possibly the best networking opportunity email you’ll receive all year. Experts and coaches remind us daily about the importance of staying in touch with [...]

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WSJ : New Accounting Regulator Looks East

Wall Street Journal February 12, 2011   James Doty, chairman of the Public Company Accounting Oversight Board, sees encouraging signs that China will ultimately allow the agency to inspect Chinese firms that audit U.S.-traded companies. Read full article.

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LLP Members in Law Firm Subject to Self-Employment Tax-Not “Like” Limited Partners

The Tax Court in Renkemeyer, Campbell & Weaver, LLP v. Commissioner (136 TC No. 7) was asked by the IRS to rule on the applicability of the self-employment tax in the case of a limited liability partnership, a ruling that should have similar implications for limited liability companies and similar entities that elect to be [...]

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Hot Press: IRS announces second round of overseas voluntary disclosure initiative

Just released IRS Newswire issue IR 2011-14 states: “The Internal Revenue Service announced today a special voluntary disclosure initiative designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes. The new voluntary disclosure initiative will be available through Aug. [...]

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Boomers are Driving a New Entrepreneurship Boom

Contrary to what most of you might guess, the highest rate of entrepreneurial activity over the last few years is not Gen-Y young upstarts, but Baby Boomers in the 55-64 year age group. In fact, according to a study by the Ewing Marion Kauffman Foundation, these Boomers are actually driving a new entrepreneurship boom. Read [...]

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Verizon and iPhone 4

It was 1 am in the morning today. At 1.05 am I joined the list of proud owners of Apple’s iPhone! I am a “loyal” Verizon subscriber, so they sent me a link for getting the iPhone early this morning at 1 am on first come first served basis. I had heard stories that people lined [...]

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IRS may deny foreign tax credit and other tax benefits if taxpayers operate in listed boycott countries

The Treasury Department has reissued its list of the countries that require cooperation with or participation in an international boycott as a condition of doing business. The countries listed are Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, the United Arab Emirates, and the Republic of Yemen. The Treasury Department stated that Iraq is not included [...]

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