Fiduciary Fixes
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My Entrepreneurs Top 10 List – Why Not?
My Entrepreneurs Top 10 List – Why Not? Quote: “When I see the Ten Most Wanted Lists, I always have this thought – If we’d make them feel wanted earlier, they wouldn’t be wanted now.” – Eddie Cantor I never quite understood the world’s obsession with lists. In searching for some pithy quote on lists…
FATCA: U.S. and Switzerland Agree on Interpretation Pact
FATCA: U.S. and Switzerland Agree on Interpretation Pact Yes, the United States Congress has agreed to delay the commencement of many of the reporting requirements by Foreign Banks resulting from the Foreign Account Tax Compliance Act (FATCA); however, in early June the U.S. and Swiss governments signed a Memorandum of Understanding (MOU) on interpretations of…
Advisory Board / Board of Directors – Is There a Difference?
Advisory Board / Board of Directors – Is There a Difference? Woodstock: ”What’s the password?” Ace Ventura: ”New England clam chowder.” Woodstock: “Is that the red or the white?” Ace Ventura: “Ah, I can never remember that. White.” [Door opens] Ace Ventura: “Yes.” – Ace Ventura – Pet Detective So, I was at an advisory…
Business Fraud: How to Recover Your Money and Prosecute the Fraudster
Organizations with fewer than 100 employees are the most common victims of business fraud, with a significant estimated median loss of $147,000 in a 2012 report. One of the primary reasons an organization will hire a forensic accountant or Certified Fraud Examiner (CFE) is to uncover details and proof of business fraud, in order to…
Could’ya Would’ya Should’ya – Examining NYC’s Citi Bike
Could’ya Would’ya Should’ya – Examining NYC’s Citi Bike In the premier edition of the blog piece we call “Could’ya Would’ya Should’ya” (CWS), where we look at a business/company and the products/services they offer to determine if there is real value in it for the consumer, we will take a brief look at Citi Bike –…
Foreign Bank Accounts: 2009 OVDI Results and “Quiet Disclosures”
Foreign Bank Accounts: 2009 OVDI Results and “Quiet Disclosures” The IRS began their recent Offshore Voluntary Disclosure Programs (OVDP) for non-reported foreign bank accounts in 2009. Since then, while the IRS has detected several hundred taxpayers who have “quietly disclosed” foreign accounts, the Government Accounting Office reports the number is more likely to exceed 10,000. …
Money, Money, Money, Money – Money or Business Pitch Fatal Flaws
Money, Money, Money, Money – Money or Business Pitch Fatal Flaws Quote: “It’s just business; nothing personal” – Mario Puzo from The Godfather I had the chance to review five pitch decks this week (a bit slow; it is the summer) from startups looking for funding. Now, if you are assembling a “pitch,” there…
SEC Adoption of Amendments to 17a-5 Article
SEC Adoption of Amendments to 17a-5 Article After waiting a little over two years, the Securities and Exchange Commission (“SEC” or “the Commission”) has FINALLY approved the long awaited amendments to §240.17a-5: Reports to be Made by Certain Brokers and Dealers and § 240.17a-11: Notification Provisions for Brokers and Dealers (otherwise known as Rule 17a-5…
Ketchup on Pizza?
Ketchup on Pizza? When eating in a foreign country and culture, you expect to discover new and different foods. 30 years ago, I spent a year in Norway as a foreign exchange student. I tried everything at least once. I didn’t expect to like everything, but I also learned to enjoy and appreciate many new…