Accounting News Roundup: H&R’s Tax Refund Loans Blocked; California’s Delayed CPA Scores Explained; City of Riverside Drops Mayer Hoffman McCann | 12.28.10

H&R Block Shares Drop as U.S. Decision Scuttles HSBC Tax-Refund Loan Deal [Bloomberg]
H&R Block Inc. fell almost 10 percent after saying U.S. regulators blocked funding for its tax-refund loans and that alternative products mahe 2011 season. The Office of the Comptroller of the Currency told HSBC Holdings Plc not to make refund-anticipation loans, according to a statement H&R Block released after business hours on Dec. 24. The order scuttled a deal the two companies reached after H&R Block, the biggest U.S. tax preparer, sued to force HSBC to offer the loans under a contract that was set to expire in 2013.

“Texodus” Is Now A Thing According to IRS, NY Post [Gothamist]
All those New Yorkers are moving to…Texas?

Oscar Nomination Ballots Mailed Monday to 5,755 Academy Members [Hollywood Reporter]
FYI for any Academy voters – PwC will not be counting any ballots returned after 5 PT on January 14th, so you best not fuck with the protocols.

What Took California So Long to Release CPA Exam Scores? [JDA]
Di-rectly from the mouth of a hipster chick CPA exam maven, “If you’re a CPA exam candidate in California who sat the last testing window of 2010, you might still be waiting for your score. If this is your first exam, get used to it. If you’ve been around the block at least once, you are probably used to the waiting game but wondering what the hell is taking so long. Comments from the Peanut Gallery are that candidates have never had to wait this long for their scores, with the Board pretty quiet on what’s holding things up. Since they won’t tell you, I will.”

Stranded Travelers Face `Long’ Wait After Winter Storm [Bloomberg]
Passengers stranded when airlines canceled more than 6,000 flights amid a winter storm in the eastern U.S. may face lengthy waits to rebook their trips as carriers move aircraft and search for seats on crowded planes. “It’s a mess,” Jay Sorensen, president of consultant Ideaworks and a former airline marketing executive, said yesterday. “It takes a long time for this to sort out. With every day of cancellations, the problem just compounds itself.”


Long Finger Linked to Cancer Risk, Study Finds [WSJ]
Rejoice if your your pointer is longer than your ring finger.

Val Kilmer facing ‘Heat’ from feds [Tax Watchdog]
Ice Man is getting his tail ridden by the IRS.

Riverside to drop auditors after problems in Bell [AP/SFC]
Mayer Hoffman McCann’s association with Bell isn’t helping their business in California.

AMD Shifts GlobalFoundries Accounting Method [DJ]
For those of you interested in the technical stuff.

H&R Block Shares Drop as U.S. Decision Scuttles HSBC Tax-Refund Loan Deal [Bloomberg]
H&R Block Inc. fell almost 10 percent after saying U.S. regulators blocked funding for its tax-refund loans and that alternative products may not be ready for the 2011 season. The Office of the Comptroller of the Currency told HSBC Holdings Plc not to make refund-anticipation loans, according to a statement H&R Block released after business hours on Dec. 24. The order scuttled a deal the two companies reached after H&R Block, the biggest U.S. tax preparer, sued to force HSBC to offer the loans under a contract that was set to expire in 2013.

“Texodus” Is Now A Thing According to IRS, NY Post [Gothamist]
All those New Yorkers are moving to…Texas?

Oscar Nomination Ballots Mailed Monday to 5,755 Academy Members [Hollywood Reporter]
FYI for any Academy voters – PwC will not be counting any ballots returned after 5 PT on January 14th, so you best not fuck with the protocols.

What Took California So Long to Release CPA Exam Scores? [JDA]
Di-rectly from the mouth of a hipster chick CPA exam maven, “If you’re a CPA exam candidate in California who sat the last testing window of 2010, you might still be waiting for your score. If this is your first exam, get used to it. If you’ve been around the block at least once, you are probably used to the waiting game but wondering what the hell is taking so long. Comments from the Peanut Gallery are that candidates have never had to wait this long for their scores, with the Board pretty quiet on what’s holding things up. Since they won’t tell you, I will.”

Stranded Travelers Face `Long’ Wait After Winter Storm [Bloomberg]
Passengers stranded when airlines canceled more than 6,000 flights amid a winter storm in the eastern U.S. may face lengthy waits to rebook their trips as carriers move aircraft and search for seats on crowded planes. “It’s a mess,” Jay Sorensen, president of consultant Ideaworks and a former airline marketing executive, said yesterday. “It takes a long time for this to sort out. With every day of cancellations, the problem just compounds itself.”


Long Finger Linked to Cancer Risk, Study Finds [WSJ]
Rejoice if your your pointer is longer than your ring finger.

Val Kilmer facing ‘Heat’ from feds [Tax Watchdog]
Ice Man is getting his tail ridden by the IRS.

Riverside to drop auditors after problems in Bell [AP/SFC]
Mayer Hoffman McCann’s association with Bell isn’t helping their business in California.

AMD Shifts GlobalFoundries Accounting Method [DJ]
For those of you interested in the technical stuff.

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