McGladrey Rises Up to Seventh Largest Consulting Firm in MA Just Ahead of Some Guy
McGladrey has had a great February, folks! First, they got news that they moved up one spot and are now #4 in the critical Minneapolis/St Paul market. And now, they are the seventh largest management consulting firm in Massachusetts. #7! They had to beat out, like, at least 3 other firms and a guy named […]
KPMG Appears to Have the Same Eligibility for Admiration in Massachusetts as the New York Yankees
A tipster came across the following poll from the Boston Business Journal in their LinkedIn feed: Intepret as you see fit. We're trying to get in touch with someone at BBJ to get some insight. In the meantime, the results, so far, are as follows: I guess this makes E&Y the Orioles? Discuss.
Can an Ambitious Future Massachusetts CPA Sit in New Hampshire To Get It Over With?
If you have a CPA exam specific question for me or just don't want to deal with Colin's attitude, get in touch and I'll do what I can. Hi Adrienne, I have a question regarding transferring scores that I was hoping you could answer. I'm in an MSA program with an offer from one of […]
Here Are Those Massachusetts CPA Exam Stats You’ve Been Waiting For
Continuing with our series on CPA exam stats, let's once again crack open the old 2011 NASBA candidate performance book to see how MA candidates did in 2010. I'll try my best not to hurt anyone's feelings this time (no promises). This should come as no surprise to any Massachusetts fans out there, Bentley College […]
John Kerry Is Paying the Taxes on His Yacht, Would Appreciate It if Everyone Changed the Subject
Talk about wearing the guy thin.
Moral of the story? Call for an investigation of a wealthy guy – a wealthy Senator – with a wealthier wife and he’ll gladly cut a check to get you to shut the hell up.
John Kerry May Be Having Buyer’s Remorse re: $7 Million Yacht
Because people keep asking about it.
If pesky Boston reporters weren’t enough, the Wall St. Journal’s report is taking this to new hyperbolic levels with the headline: “John Kerry – A One-Man ‘Benedict Arnold’ Corporation”:
[T]here’s a smell of hypocrisy. In addition to sailing around the tax issue, Mr. Kerry chose to build his boat in New Zealand at a time when Bay State boat builders are having trouble keeping their work force employed. “I’m confident that anything constructed in New Zealand could be constructed here in the state,” Gregory Egan, who owns the Crosby Yacht Yard in Osterville, told the Boston Herald. Others noted that the Isabel was specially designed to be piloted without a crew — letting Mr. Kerry scrimp on employment costs and payroll taxes.
Jesus. A rich senator, married to a ketchup heiress, buys an expensive boat, does some not-so-fancy tax avoidance and all of a sudden he’s equated to, arguably, the most notorious traitor in the history of the United States? Yeah, that’s pretty much the same thing.
John Kerry – A One-Man ‘Benedict Arnold’ Corporation [WSJ]
Sen. Kerry Sails Around the Tax Issue [TaxProf Blog]
Earlier: John Kerry Saves $500k in Taxes By Dropping Anchor in Rhode Island
UPDATE: JK’s spokeswoman has said he will pay the tax if Mass. determines that he owes it.
John Kerry Saves $500k in Taxes By Dropping Anchor in Rhode Island
Don’t any of you get the idea that John Kerry is docking his new $7 million yacht in Rhode Island to navigate around Massachusetts’ sales tax and the annual excise tax. That would be, in a word, ludicrous.
“Kerry spokesman David Wade said Friday the boat is being kept at Newport Shipyard not to evade taxes, but ‘for long-term maintenance, upkeep and charter purposes.’ ”
And Rhode Island is the Ocean State, so it makes perfect sense. “Isabel” is a 76′ beaut that has “two cabins, a pilot house fitted with a wet bar and cold wine storage.” A pretty swell ride.
It’s difficult to say why the Mass. Senator wouldn’t park the vessel near home base but we’d be willing to hear some theories.
Mass. Sen. Kerry docks yacht in RI, saving $500K [AP]
Sen. John Kerry skips town on sails tax [Boston Herald via TaxProf]
For Everyone in North Jersey, Mass and Rhode Island That Squandered the Last Four Weeks Away, Your Tax Deadline Is Tomorrow
If you were (un)lucky enough to live in one of the flood ravaged counties in North Jersey, Mass, or the entire Ocean State, hopefully you remembered that your extended period of procrastination ends tomorrow.
Yes, unfortunately the last four weeks have flown by and we’re sure that some of you have managed to piss away this time not preparing your tax return. Do yourself a favor and file the extension. You’re hopeless.
Relax, here’s the form.
It Literally Took an Act of God* for the IRS to Do Something Nice
There’s a slew of “reasons” that people have for hating on the Internal Revenue Service. They’re responsible for discourse on television, they don’t observe Shabbos, perverts (alleged!), etc.But every now and again the IRS gives you a reason to say, “well, that’s nice of them,” even if it takes rainfall that makes you consider cobbling an ark together and rounding up the animals in the neighborhood.
The Service is not unreasonable. Apologetic? Never. But not unreasonable. Accordingly, if you live in eastern Massachusetts or Rhode Island the IRS took notice of the rising waters and is extending the April 15th deadline to May 11th (?).
It’s unlikely that this will garner much favor with the IRS haters outside of the Northeast but at least the Service won’t have to ignore the flood of calls from Bay State and Ocean State residents about whether they’ll still be expected file on time. Grab a bucket.
IRS will delay April 15 deadline for many in Mass. [Boston Globe]
Flood weary Rhode Islanders get tax extension [AP via Globe]
*For the militant atheists – Calm down, wouldja? It’s a religious week. Just sub “Nature” and move on.