“I know that some people might not have the same kind of memory that I have, but if you have enough passion about wanting to help people and you’re willing to work hard, you’ll go very far in the world of public accounting.”
~ Steven M. Braunstein, President of Snyder Cohn
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In Other Words, The Estate Tax Debate Will Continue to Drag On
- Caleb Newquist
- May 28, 2010
“The debate becomes what rate to apply, and there’s the Republican view and the Democratic view, and what level of transfer exemption should be there. There are two different camps on that. I think historically that would be ripe for sort of compromising down the middle, but unfortunately, that’s not the political environment that exists right now.”
~ AICPA President and CEO Barry Melancon remains optimistic that something will get done.
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A Big 4 Identity Crisis?
- Caleb Newquist
- September 16, 2010
“The Big 4 don’t even like being called AUDITORS. Rather they provide ‘ASSURANCE Services,’ and act as ‘TRUSTED ADVISORS.’ This isn’t just rhetorical. It’s a cynical PR move and an effort to limit their liability.”
~ Francine McKenna, who will be on a panel with Lehman Brothers Bankruptcy Examiner Anton Valukas, NYT Chief Financial Correspondent Floyd Norris and others, discussing the financial crisis.
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Quote of the Day: Ted Danson Is Not Better Than You at Taxes | 04.13.10
- Caleb Newquist
- April 14, 2010
“I haven’t prepared my taxes since I was — good Lord, in my twenties. I’m really inept. I’m not good at that.”