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Accounting News Roundup: New Year, Newly Single; EY Ready to Drop the Ball; CGMA’s Last Stand | 12.31.14

Just a friendly reminder that we'll be taking a short week due to the holiday. We'll be loitering around as necessary, and as always, you can give us a holla if you need us. See you next year!


Happy New Year's divorce [economia]
Way to kill the buzz, BDO: Accountancy firms are well prepared too. Take BDO. In anticipation of the next four weeks, the firm's tax dispute resolutions director Helen Adams has come up with five tax tips for divorcing couples to take into consideration in coming to their big decision. “As the clock strikes midnight on New Year’s Eve, many people will assess how life is going, including looking at their relationships with January notorious, more so than any other month, as the time when many couples file for divorce,” she says.

North Dakota will consider slashing income taxes to zero [Washington Post]
State House Majority Leader Al Carlson (R) said this week he will introduce a measure when the legislature returns next month to cut both the personal and corporate tax rates completely. Another proposal from state Rep. Scott Louser (R) would cut only the personal income tax rate to zero.

So, who has to go out there and put the ball right side up? [Twitter]

Women CFOs Less Likely to Use Tax Shelters, Study Finds [CFO]
The probability of companies’ adopting a tax shelter is 17.4% lower for companies with women CFOs than it is for those with male finance chiefs, researchers at Rensselaer Polytechnic Institute and Fordham University concluded after comparing the experiences of firms that replaced a male CFO with a female CFO.

HURRY UP [Twitter]

Taxes, Charitable Gifts, the ACA, and Ineffective Deadlines [Forbes]
This is Obama's fault.