That’s not good news for retirement savers. And some might consider the stock market to be a bit frothy these days. So, it might make sense to invest a portion of your retirement nest egg conservative...
Tag: accounting
Aurora Cannabis stock gains after first beat on pot sales in more than a year
Aurora Cannabis Inc. shares gained in late trading Thursday, after the Canadian pot producer beat sales expectations for the first time in more than a year. Aurora ACB, -1.08% ACB, -1.02% reported a f...
Canadian Arm of Accounting Giant KPMG Adds Bitcoin (BTC) and Ethereum (ETH) to Corporate Treasury
The Canadian arm of Big Four auditing firm KPMG is adding the two largest crypto assets to its balance sheet. KPMG in Canada says that allocating Bitcoin (BTC) and Ethereum (ETH) to its corporate trea...
Accounting Standards Are Key to Getting Digital Assets on Corporate Balance Sheets
Through the comment process, FASB received a significant response of 522 comment letters. Of these 522 responses, 445 (85% of the respondents) commented solely and exclusively on accounting standards ...
Top Four Accounting Firm Buys Bitcoin and ETH For Treasury Reserves – Trustnodes
KPMG, one of the big four accounting firm with 236,000 employees and $32 billion in yearly revenue, has bought bitcoin and ethereum for its treasury reserves. “Investors such as hedge funds and family...
Crypto is volatile, but KPMG Canada just added bitcoin and ether to its balance sheet. Here’s why
KPMG in Canada has added an unknown amount of bitcoin and ether to its corporate balance sheet. The firm declined to disclose the amount of cryptocurrencies it purchased, but Kunal Bhasin, blockchain...
5 popular financial rules you might want to ditch
Traditional financial advice like the kind you got from your parents is often true but even experienced investors might rely on maxims that are outdated and no longer serving your financial well-being...
Accounting giant KPMG adds Bitcoin and Ether to its balance sheet
Accounting and advisory giant KPMG in Canada has completed an allocation of crypto assets to its corporate treasury, the firm’s first direct investment in crypto assets. The investment “reflects the f...
Why Bitcoin accounting rules make it better to invest in ‘a stack of comic books’
Bitcoin’s (BTC-USD) arrival into the mainstream has seen companies like Microstrategy (MSTR), Block (SQ) and Tesla (TSLA) add the digital coin to their balance sheets — and spawned a new class o...
The ‘best job in America’ pays $145,000, has 14,000 job openings — and offers a generous work-life balance
A six-figure salary and the option to work from home? It sounds too good to be true. Job openings are rising, while workers continue to quit. The number of vacant jobs hit 10.9 million in December, up...
‘The company is a household name’: My husband’s tech firm gave him stock. It’s now 40% of our net worth. Should we diversify or hold?
Dear Quentin, My husband and I disagree as to whether he should diversify his tech stock. He was granted this stock during his five years employed with a tech company. It wasn’t worth much at the time...
The IRS will stop sending out one type of taxpayer notice to try to cut down on aggravation this tax season
Trying to minimize aggravation during a tax-filing season that could have plenty of challenges, the Internal Revenue Service said it is pausing one of its notices that could ferment taxpayer frustrati...
Tether's New Accounting Firm Is the Old One, With Baggage
Meet Tether’s new accounting firm, same as Tether’s old accounting firm. U.K.-based mid-tier firm MHA MacIntyre Hudson, announced Jan. 14 its Cayman Islands office, MHA Cayman, now handles the clients...
MicroStrategy fails to adhere to SEC’s accounting practices in BTC purchases
MicroStrategy, a business intelligence firm that has become popular for its heavy investments in Bitcoin, is on the wrong side of the US Securities and Exchange Commission (SEC). According to the regu...
SEC Objects to MicroStrategy’s Accounting Adjustment for Its Bitcoin Holdings
Michael Saylor’s MicroStrategy won’t be able to remove swings in the value of its enormous bitcoin holdings from its unofficial accounting measures, according to comment letters released by the U.S. S...
MicroStrategy (MSTR) Stock On Free Fall As SEC Rejects Its Bitcoin Accounting Strategy
The U.S. Securities and Exchange Commission (SEC) is adding more fuel to the already widespread fire in the broader cryptocurrency market. On Friday, January 21, the SEC rejected MicroStrategy’s Bitco...
SEC rejects MicroStrategy’s Bitcoin accounting practices: report
Business intelligence firm MicroStrategy reportedly acted contrary to the Securities and Exchange Commission’s accounting practices for its crypto purchases. According to a Bloomberg report, a comment...
MicroStrategy Plummets as SEC Rejects Its Bitcoin Accounting
(Bloomberg Law) — MicroStrategy Inc. can’t strip out Bitcoin’s wild swings from the unofficial accounting measures it touts to investors, the SEC said. Most Read from Bloomberg Bad news for the ...
SEC Rejects MicroStrategy’s Bitcoin Accounting as MSTR Shares Hit 1-Year Low
Think MicroStrategy, the Bitcoin-hoarding software company, did well in 2021 as the price of BTC went from $29,000 to as high as $68,000? Not on paper. And not on the stock market today either as its ...
SEC rebuffs MicroStrategy’s non-GAAP bitcoin accounting approach: report
advertisement Reports on Friday evening indicate that the Securities and Exchange Commission is pushing back on MicroStrategy’s approach to bitcoin accounting. Bloomberg and CNBC both reported o...
Big Four Accounting Firm Says Financial Institutions Need Regulatory Clarity on Crypto To Remain Competitive
Ernst & Young, one of the world’s leading accounting institutions, says that financial services firms must learn how to navigate the regulatory issues in the crypto markets to remain competitive. ...
‘Not all the money belongs to you’: Self-employed? Avoid these mistakes when filing your 2021 taxes
More Americans are becoming their own boss as the “Great Resignation” continues. Now they’ll have to resign themselves to the fact that their tax situation is likely going to become more complicated. ...
Founder of nationwide tax-prep firm sentenced to prison for skimming $70 million in exorbitant fees over a 5-year period
Talk about a tax burden. The founder of a nationwide tax preparation chain has been sentenced to a year and a day in prison for running a tax refund advance scheme that fleeced customers with $70 mill...
Cathie Wood is expecting a ‘bloodbath’ in this segment of the market: ‘autos are one example of…many disturbances out there in the world order’
Cathie Wood, the star fund manager and chief executive of ARK Invest, in a Tuesday monthly market update said that the used car market is where she is expecting possible losses after a surge in values...
‘She has no life insurance, savings or money’: My brother died, leaving his wife with $20,000 in debt. How can I help her?
Dear Quentin, My sister’s husband died last week. They had both lived with us for the previous nine years before moving into an independent living facility. They were there for two and a half months b...
‘We do not want him to receive anything from our estate’: How do we ensure our son-in-law does not get his hands on our money?
Dear Quentin, My wife and I are in our 70’s and have one daughter as the sole beneficiary to our estate. We live in Ohio. She is separated from her husband, and it doesn’t appear that they will be get...