I Hate the Federal Reserve
I just received an e-mail from the Executive Vice President of HSBC Direct informing me that HSBC is once again dropping the interest rate on my online savings account, this time from 3.55% to 3.05%! Aaargh! At least it’s only dropped by .5% but it’s still frustrating, especially considering the savings rate started at 5.05% […]
Resignation from the State Street Corporation
Yup, that’s right; it is now official, I am no longer employed by the State Street Corporation. Don’t worry, I’m not gonna do what you all think I’m gonna do, which is, you know, FLIP OUT! That Tom Cruise quote from Jerry Maguire is a perfect example of how not to separate yourself from an […]
3 From Every Tree: My Favorite Blog Project Entries
Last week, I wrote a post about 3 Useful Del.icio.us Tags, Life Quotes, & Traffic Generators, which was part of a blog project contest hosted by Daily Blog Tips. Well, the full list is up and after reading through all 115 entries, it’s obvious there’s a lot of quality bloggers on this list! You can […]
Intuit: The Small Business Helpers
Another day, another discussion post from my Principles of Management class at Umass Amherst. This assignment involved describing why a company on Forbes’ 25 best managed list was so well managed. I chose Intuit, the makers of Turbo Tax and other accounting software. If there are any Intuit employees out there reading this, I would […]
Tax Credits for College Tuition, Senior Tax Administrator Style
I just finished and submitted my taxes! I’ll be getting a refund on both my state and local taxes (albeit only $3 from Taxachusetts) Although both my refunds are relatively low, I’m still very pleased. In the middle of last year, I used the handy dandy IRS Withholding Calculator to figure out that I had […]
AIG and General Re Fraud
In late 2000, American International Group (AIG), one of the largest insurance companies in the world, struck an intentionally fraudulent deal with General Re Corporation, a Berkshire Hathaway company, so that AIG could add $500 million in reserves to its balance sheet for the last quarter of 2000 and first of 2001. In a plot […]
U.S. GAAP vs. International GAAP vs. Unified GAAP
For many years, the standards that dictated the accounting industry on an international setting were as diverse as the world’s population. Each country used to have their own accounting standards applicable in their country. As many corporations have become international, these individual standards caused a large amount of rework and comparison issues for accountants and […]
Turbo Tax Rap
I discovered this gem while perusing facebook today: Apparently, Intuit, the makers of Turbo Tax, are hosting a contest on YouTube for the best rap video about Turbo Tax. If you think that video is as funny as I do, please go here and vote for them. I’ve looked through some of the other entries, […]