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December 6, 2022

Accounting News Roundup: Inversion Irritation; Business People Speak Like Idiots; A CPA (Inactive) to Be Avoided | 05.22.14

Corporations shouldn’t be able to dodge taxes: Rep. Levin [CNBC]
Does someone need to explain to him the difference between "avoidance" and "evasion" to Sandy Levin? "[There's been a ] doubling in the last 7 or 8 or 9 years of companies that are essentially saying we're going to give up our citizenship but not our major activities so we can pay less taxes someplace out. That's tax avoidance." 

Tax lawyer: Code reform stymied by dysfunctional Congress [JofA]

Bullspeak: Why Business People Speak Like Idiots [BF]
Stop it. We're going to find out soon enough that you don't know what you're talking about: "[A] benefit of being able to speak using technical and business jargon is that your bosses might think you are smarter than your peers, and you may just get that big promotion. Another benefit of doublespeak is that people may not be able to figure out you are an idiot. I remember a client that was a master of buzzwords and consultant phrases. Once I asked a few questions I realized the guy didn’t know he was talking about."

Warren accountant ordered to stop using CPA designation [Vindy]
Paul Hawkins signed a tax return for a small charity that wasn't actually doing any charity work. He also performed a "validity audit" of an organization that turned out to be Ponzi scheme.  

Accounting firm preps for Westwood-to-Canton move [The Patriot Ledger]
The most fascinating detail of this story is the firm's name. Apparently the founders of Gray, Gray & Gray we're feeling creative that day.

New York Man Stole Bread Truck, Made Deliveries: Cops [HP]
They left out the best part: "
Wearing only his underwear, [David] Bastar then allegedly began dropping off baguettes, whole-wheat rolls and sourdough bread. He eventually distributed the entire $8,000 worth of baked goods — but not to the bakery's customers.

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