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Memo to the Wealthy: Death Is Looking Like a Good Option

Posted on November 30, 2010 by Caleb Newquist

“I have no confidence that this Congress will address the estate tax.”

~ Joe Kristan has a morbid outlook.

Posted in Quote of the DayTagged Estate tax, Failure, Rich people, Tax Planning

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Next: Accounting News Roundup: “Showdown Votes” on Taxes This Week; Are Accountants Adaptable or Not?; Some Brutal Honesty About Your Career | 11.30.10

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  • Quote of the Day

Harry Markopolos Knows What to Do About Off-Balance Sheet Accounting

  • Caleb Newquist
  • April 22, 2010

“[E]liminate all use of off-balance sheet accounting–for any use whatsoever. Everything must be on balance sheet.”

~ Harry Markopolos, on one aspect of financial reform.

  • Quote of the Day

But Spongetech Execs Aren’t Used to Handling Bar Soap…

  • Caleb Newquist
  • May 7, 2010

“Spongetech’s masterminds are going to prison. File that under ‘unfinished business.'”

~ Gary Weiss, on Spongetech executives who were arrested yesterday for securities fraud and obstruction of justice.

  • IFRS
  • Quote of the Day
  • SEC

At Which Point the SEC Will Announce That “Things Are Progressing” on IFRS

  • Caleb Newquist
  • May 21, 2010

“As we move forward, we are committed to providing public progress reports beginning no later than October 2010 and frequently thereafter until the work is complete.”

~ SEC Chief Accountant James Kroeker’s testimony for tomorrow’s hearing before the House Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises.

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Earlier this week, a recruiter told me a story about a job seeker who was already employed but looking to jump elsewhere. She interviewed with a firm that really loved…

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