Thursday Jan 28 2021 Bankrutpcy is designed too eliminate financial distress. If the NRA is strong financiallly, what is it doing in bankrutpcy court? The answer is that it hopes to wiggle out of a lawsuit by the NY State AG.

Monday jan 25 2021 there are numerous freee resources of accounting information. Plan to take advantage of them, here are some links   Morning Brew https://www.morningbrew.com/   CPA Insider – AICPA https://www.journalofaccountancy.com/info/cpa-insider-subscription.html?utm_source=mnl:cpainsider&utm_medium=email&utm_campaign=25Jan2021&SubscriberID=133362220&SendID=339718 Big Four Deloitte – click on the Insights tab at top https://www2.deloitte.com/us/en.html PWC – no podcasts or newsletter, a few article. https://www.pwc.com/ EY…

Thursday Jan 7 2021 I received this message from KFord CPAs here in San Antonio.  Kim Ford has  moved her firm from the traditional tax and audit roles to valuation and forensics. Check the firm out here   Certified Public Accountants Committed to Every Detail | theKFORDGroup San Antonio Need a buyout provision reviewed? We…

Wed Dec 16 2020 Biden Take Note: Businesses Flee to Texas Because Economic Policies Matter  Elon Musk and now Oracle are coming to Texas—and that was just in one week! Hewlett Packard, Charles Schwab, McKesson and Uber are also moving, or have moved, their headquarters from California to Texas. And Apple and Google are expanding their…

Thursday November 19, 2020   V. Gifts      GIFTS of one who loved me,—   ’T was high time they came;   When he ceased to love me,   Time they stopped for shame. IT 1 is said that the world is in a state of bankruptcy; that the world owes the world more than…

Thursday Oct 22 2020 Purdue Pharma pleads guilty to three felonies which helped accelerate the opiod crisis. This involves a $8.34 Billion settlement but Pharma is bankrupt. Expect about  $225 M to be paid. ____________ Streaming startup Quibi shuts down.   In an open letter to employees and investors posted to Medium on Wednesday evening,…

Weekend Oct 17 2020 Here is an accounting analysis of hthree energy firms. They may not make it with less and less business. And looks like they all took on debt when oil prices were much higher. That is always a bad combination.

Weekend Oct 10 2020 A Modest Proposal for the Board of Directors Company Shareholder Return CEO Annual Pay Cabot – 39% $ 11,900,000 Marathon – 48% $11,000,000 Devon – 55% $11,700,000 Apache – 54% $14,500,000 CEO pay has risen for the last four years for oil and gas drillers like the four above. But the…

  Denzel, like Arnold rejecting fall back instead fall forward    

Wed Oct 7 2020 This youtube video questions the future of the Big Four Accounting Firms. The last few years KPMG seemed determined to claw its way to the bottom of the Big Four Barrel. Not to be outdone to the downside, EY now finds itself in an audit vortex of a health care firm…