Disciplines & Topics

Readings: Accounting & Taxation

The GOP Must Crack These Four Tax Bill Disagreements

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

The House and Senate have both passed bills making sweeping changes to the U.S. tax code. But nothing is final until the versions are reconciled and signed by the president. Exactly what are the big differences that need to be worked out?

This Is Your Father's Stock Market

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

This article provides some very interesting data on the shifting pattern of stock ownership in America. Against the norms, it is becoming an "old person's" game. In an attempt to explain why, one finger is pointed at 401(k) and IRA retirement plans. Every tax student needs to understand these tax-incentivized savings plans.

The GOP Tax Plan's Obamacare Surprise

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

What does the new tax plan have to do with healthcare? Perhaps more than any other item, actually. The plan does away with the so-called individual mandate for insurance, saving hundreds of millions.

Tied Up in Knots

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

India recently implemented a Goods and Services Tax (GST). This system is touted as one that is fairer, but its implementation is off to a rocky start in India as the economy hits the skids.

The Long, Absurd History of U.S. Taxes — and Where We Go From Here

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

From 1776 to today, this article provides an excellent history of taxation in America, showing why today's furor about revisions to the U.S. tax code may be regarded as nothing new. The data on taxes in relation to overall production, within the United States and elsewhere, also reveal that not much has changed in the last several decades, despite numerous tweaks to the code.

Electric Vehicles: EVs From Tesla and GM May Start Losing Their Tax Credits

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Tesla has become the poster child for electric vehicles (EVs) of the future, and virtually all auto manufacturers are racing to get into the game. However, the secret of clean energy cars is that the real driver is the market for tax credits. Those credits are slated to expire rather quickly, and no one knows if the result will be a big crash.

GE Turns the Lights Out on the Immelt Era

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

How important are those mundane concepts related to earnings per share, price/earnings ratios, and dividend yield? Wall Street is terribly fixated on this stalwart's earnings and cash flows and is paranoid that dividends will not be able to be sustained. For investors in the stock, these key ratios are anything but mundane.

Taxes: The Small Print

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Are you looking for a quick synopsis of proposed tax changes? Look no further! Here, on one simple page, is a summary of what's in the works.

How Republicans May Deal With the State and Local Tax Break Issue

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Please don't pass the SALT! SALT is the popular acronym for State and Local Tax. Currently, the average American is entitled to a deduction for much of the amount paid in the form of state and local taxes. But current tax proposals suggest lessening the burden on corporate entities by eliminating the SALT deduction, leaving many Americans less than enthused.

How Offshore Is All That Overseas Cash?

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

It is increasingly likely that the U.S. Tax Code is going to be amended in an effort to repatriate foreign income. Anyone familiar with international tax readily grasps the meaning of the term "repatriation," but for most, it is just technical jargon. What is meant by the term "repatriation" and what are the economic implications?

Who's Left Out of 401(k) Nation

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Equipped with a few facts and a calculator, anyone with an ounce of common sense would participate in tax-deferred savings plans. Yet, many people are not participating. Now, some states are applying their own forms of incentives to kick-start retirement savings.

Why Suppliers Will Still Play With Toys 'R' Us

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Now that Toys "R" Us Inc. is in bankruptcy, how will it report soon-to-be restructured debt in financial reports? And how will creditors and their auditors decide what value to put on their claims against the company? This example provides an excellent backdrop for accounting students to review and understand the critical accounting rules for troubled debt and its potential restructuring.

This Is the Crazy Tax Math Trump Must Master, Fast

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Long ago Congress passed reforms indicating that permanent tax cuts need to be budget neutral relative to the deficit. That's making it very difficult to develop a strategy that aligns with the promised reduction in corporate taxes.

Will Make AI Smarter for Cash

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Will artificial intelligence (AI) transform the future state of business and accounting? Likely. One accounting student is among an army of people working in their spare time to make this a reality.

Game Changer: Amber Baldet

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Accounting has weathered repeated assertions that computers would eventually displace accountants, yet accounting jobs remain unfilled at all levels. Some thought leaders are again suggesting that a new technology, blockchain, may finally diminish the need for accountants.

Could Puerto Rico Be the Next Tax Haven?

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

The United States has long complained about foreign tax havens, where American citizens sometimes hid cash and income presumably away from the scrutiny of U.S. officials. That practice has been significantly curtailed by aggressive laws and enforcement. Meanwhile, Puerto Rico, despite being bankrupt, is quietly emerging as a new tax haven (due to loopholes), this time for foreigners.

U.S. Oil's $10 Billion Venezuelan Threat

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Companies like Chevron, Citgo, Phillips, and others are facing the prospect of supply disruption for the Venezuelan crude oil that feeds their refineries along the Gulf Coast. How significant is the risk, and what should accounting reports disclose about the pending risk?

The Pension Hole

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Pension promises among the largest corporations have mounted over the years, and now companies are increasingly seeking strategies to escape the financial liability. Persistently low interest rates are burdening companies from both a financial and accounting perspective.

West Is Best for Sellers as U.S. Home-Price Gains Mount

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

So-called "gains" of more than 50 percent in home prices in major western-state markets may make your mouth water for a share of the action. However, the charts provide an interesting frame of reference for teaching accounting concepts that differentiate between concepts of financial capital and physical capital.

The Future of Fishing

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Orvis is launching its newest fly-fishing rod, the H3. This beauty will sell for $850, and avid anglers are expected to be lining up to buy them. So what does this have to do with accounting? It provides the perfect case to discuss the U.S. and global approaches to accounting for research and development (R&D) costs, and to consider the huge implications on reported income measures.

Mamas, Don't Let Your Babies Grow Up to Be Appraisers

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Advances in big data at Zillow and elsewhere are helping automation creep into knowledge-based professions.

Disputing Credit Card Charges Gets Easy

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Bad debts expense, also known as uncollectible accounts expense, is skyrocketing. The reason? The ease with which consumers can now dispute credit card charges using “one touch” technology. This poses new measure risk challenges for the accounting department.

One Tax to Rule Them All

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

India is about to become the next major world economy to adopt a simplified goods and services tax (GST), the equivalent of a sales tax. This promises to usher in business simplification, efficiency, and economic growth. The success (or failure) of this tax may eventually point the way to a whole new way of taxation for the U.S. economy.

ICO Is the New IPO

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Blockchain technology, the kind of encryption that supposedly creates a secure transaction record, offers the potential to revolutionize business. It already forms the backbone of Bitcoin and other digital currencies that are emerging to great fanfare. This article provides essential insights into this developmen, but what are some of the accounting implications?

Dept. of Shell Companies, Clandestine Accounts, & Bribery

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

An accounting spreadsheet, and a rat, helped bring down a decades-old Brazilian construction giant. It seems that the company's fraudulent activity was so vast that it took complex spreadsheets to track it all. Then an errant email about a rat in a grill led to a Hotmail account that contained the elicit files!

How Does Tax Avoidance Play in Peoria?

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Tax accountant Daniel Schlicksup could make $600 million from Caterpillar after calling out the company on the way it structures some of its business activity to minimize income tax liability. The company is defending against the allegations.

Data Mining to Find Tax Cheaters

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

U.S. taxpayers must pay taxes on foreign earnings. For years, tax cheaters declined to comply and hid the money in foreign bank accounts. After a near decades-long amnesty program to allow cheaters to come into compliance, they are now beginning to flex their muscles, using big data to track down the offenders.

The Talking Cat and the Peroxide Corporation

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Mergers between Chinese industrial companies and U.S. video game and app makers are hot right now. What's behind these seemingly bizarre transactions and the economics that drive them?

Revising Retirement

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

The financial analysis is easy. The answer is always the same. Maximize every cent of tax-deferred savings that is available to you under the tax code. Yet, many people pass on this rather simple and readily available tax strategy.

Tax Cuts. As Easy As...

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Transversality is a rather fancy term from mathematics, referring the intersection of spaces. Now, the term is now coming into to vogue in the debate about tax reform. The basic premise is that debt relative to size of the economy cannot grow to infinity. Some argue that the combined effects of tax cuts and spending increases are set to do just that.

Stock Investors Nervously Do the Math

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Against traditional levels, the current price-to-earnings ratios are high, which has many market pundits worried about a pullback. But interest rates are low, about as low as has ever been observed for a sustained period of time. This article provides a cautionary opinion about market valuations, yet they go higher for now. Use the article to discuss the impact of low rates on earnings, discounted cash flows, and the accounting measurements that drive these valuation metrics.

Is Trump’s Tax-Cut Tactic Based on an Error?

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Eliminate the controversial Affordable Care Act and save billions, right? Well, maybe not. The reason is that the ACA also imposed significant special taxes, especially hard hitting to higher income taxpayers. Repealing the ACA will also repeal the related taxes, and perhaps not help to solve the Federal deficit that is so concerning.

Show Us Your Tax Reforms

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Following the fall 2016 election rhetoric, federal income tax code revisions once again are being studied. The reality is that changing the complex maze of tax laws is very hard, especially when Congress must also keep an eye on the ever-escalating federal budget. This article provides excellent coverage of the varying views on the prospects for meaningful reform.

Top GOP Senator Signals Tax Plan's Permanence Is 'Up in the Air'

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Although the Republicans control the House, Senate, and White House, the path forward to meaningful tax reform is becoming less clear. This is especially true in light of the health care reform political debacle. Now, there is discussion about a "10 year" tax cut. This strange result is, well, just strange.

Planning for a Low-Tax, High-Deficit World

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Higher, lower, then higher? What will be the trend in tax rates, given the current political climate for a tax cut, but the longer term outlook for growing deficits? Answers to these questions will have a significant impact on tax planning.

Health Care Needs the Individual Mandate

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

How can the tax code be used for policy management, not just revenue production?

A Tax Showdown at the Border

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

The big battle over a border adjusted tax has begun. In one corner are the manufacturers, and in the other corner are the retailers. Their after-tax income are table stakes, but many claim typical shoppers would be the ones getting the real bruises. This article could not have been better written to explain the proposed BAT and its potential impact.

If Not Dodd-Frank, Then... What?

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

The details of the Dodd-Frank Act generally stipulate that banks maintain significant equity in relation to assets. This regulation is the center of a long-swirling controversy, and leading Congressional members as well as the President have promised repeal. In the meantime, the Dodd-Frank Act provides a perfect example of how accounting and accounting-based ratios bear on practice and is a great tool for opening a classroom discussion of these topics.

SEC's Acting Chair Acts LIke He Runs the Place

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Top leadership at the SEC of course depends on who runs the White House. Leadership transitions are usually accompanied by a new president, and this period is no different. Well, maybe just a bit different. The current Acting SEC head is not just an actor but is moving aggressively to roll back regulations that could lessen the work for audit firms.

Trump's 'Big Number' On Dodd-Frank

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Much maligned, and rightly so, Dodd-Frank has imposed lender regulations that have tied up business lending and greatly elevated the cost of doing business for borrowers and lenders alike. The regulatory reality is regarded by many to be worse than the perceived evils that it purports to address.

Ghost Lawyer

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Michael Jackson died in 2009, and the executor of his estate valued his name and likeness at $2,105. The IRS is protesting, claiming the correct number should have been north of $1 billion. Now scheduled for trial, the government is asking the U.S. Tax Court to award more than $700 million in back taxes and penalties.

How a Clever GOP Tax Plan Managed to Baffle Everyone

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Ccorporate tax rates look to be headed for a plunge, but the government is seeking a clever way to generate revenues for itself, with the growing enthusiasm for a border tax on imported goods. Since the United States is a huge net importer, the added collections could way more than offset the drop in tax collections unless unintended consequences creep in.

Startup Behavox is Using AI to Build a Sort of Minority Report for Rogue Traders

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Accountants and auditors are charged with establishing and monitoring internal controls, but even the best systems pose risks of rogue human behavior. As a result, auditors are additionally alert to personal behavior attributes and have traditionally defaulted to assessments based around the fraud triangle of pressure/risk/opportunity. Now, big data, or perhaps "big brother," is using far more sophisticated methods to monitor behavior.

Are You There God? It's Me the Pillow King

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

MyPillow, the pillow made popular by a TV pitch man, has become an overnight sensation. (Pardon the pun, and perhaps the next pitch line?) This article chronicles how huge sales were initially not met with equal profitability, because of a lack of an accurate cost accounting system, and provides a great case study in the importance of cost measurement and control.

A GOP Plan to Tax Gifts for Wealthy Schools

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Tax preferences for gifts to universities may soon face new challenges that could curtail the willingness of donors to support their favorite school. But, there is a silver lining for students. The current thinking is that gifts to support student scholarships may be carved out as an exception to the proposed rules.

Hyperinflation: The Bolivar's Historic Fall

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Venezuela is experiencing inflation rates in excess of 200 percent. While economists may ask why and wonder about the solution, the problem is also daunting for accountants. This kind of inflation rate invokes special rules on accounting for subsidiaries which have financial statements denominated in the country's Bolivar.

Trump's Tax Bill For Global Warming

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

The title of this Bloomberg Businessweek article, "Trump's Tax Bill for Global Warming,"(December 13-18, 2016) maybe has you thinking it is about some revision to the tax code, but it is not. It points to the growing business risk associated with rising sea levels, the looming remedial costs, and raises important accounting questions for all businesses.

Heavenly Tax Reform

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

After years of gridlock, corporate tax reform now appears virtually certain. It suddenly seems that everyone agrees the U.S. corporate tax rates and policies have been placing American business at a disadvantage.

For Rich Families, A Change in Tax Plans

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

If your parents are among the many whose net worth is more $3 million or so but less than about $10 million, the election results are epic. The simple reason: Clinton wanted to impose onerous estate taxes. In contrast, Trump is proposing to eliminate the estate tax.

A Would-Be Uber Rival's Ride to Nowhere

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

With a quarter billion cash in the bank, how could a startup like Karhoo suddenly declare bankruptcy and shut its doors? Maybe creditors and employees asked all the right questions but never saw any financial statements.

Why Trump Is Making Bond Markets Nervous

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

The markets are acting like the election is foretelling an economy that may be in for a period of growth and expansion. And that is bad thing for bond investors, but why?

Exit the Old Elite

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Does the election result foretell a new order in government, and could it spell trouble for the public accounting profession that has made a fortune on tax, advisory, and audit services? Accounting students should now pay close attention.

A License to Print Plastic

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Modern technology is starting to counter the risk of counterfeiting with sophisticated plastic bills. This presents a new frontier of challenges to the auditor.

Advising on Tax Moves And Auditing Them, Too

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

The bread and butter for large certified public accounting firms is audit work. But, they also generate a lot of business via tax consulting. Should they be auditing their own tax work?

The ABCs of India's GST

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

GST, or goods and services taxes, are being implemented world-wide as a replacement to traditional income taxes. India's new tax joins the chorus of countries making the big switch. But what does it mean to aspiring tax students?

Monetizing Lost Vacation Time

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Companies increasingly find that employees are not taking all of their paid vacation time, resulting in a budding liability on the corporate books. Now, a startup company has a novel idea that may be a win-win solution, enabling employees to trade time off for vacation travel packages. This novel idea could result in cost savings, improved balance sheets, and a little rest and relaxation for employees.

Your Prescription Gets A Rebate - for Insurers

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Insurers are getting rebates from pharmaceutical companies, and those rebates might be unfair to patients who are not directly benefited. Beneath the surface, however, are important accounting issues for both insurers and pharmaceutical companies.

This Deflation Has Grocers Fed Up

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

How do you measure growth in retail when prices are falling? This article provides a thought-provoking discussion piece that looks at how traditional financial statement analysis may come up short when relying on recent accounting data.

What Do You Do With a Spare Deepwater Rig?

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Oil has turned down, and billions of dollars worth of offshore drilling rigs have been idled. While engineers debate the best way to store them, behind the scenes accountants are scouring generally accepted accounting principles to determine when and how much of the cost of these idle assets can remain on the balance sheet as an asset.

More Older Americans Are Still Working - But Not All of Them Want to

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

You may have heard of a 401(k). That is actually a reference to a section within the Internal Revenue Code. This article refers to 401(k) and suggests that it partially explains why many older people continue to work.

#ExxonKnew Now What?

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Global warming, possibly caused by aggressive burning of hydrocarbons, is front and center in the minds of all. Exxon is being targeted as a villain who contributed mightily to the issue. What are the resulting risks, and how should they be disclosed in financial statements?

It's Tough Being a Small Fry at McDonald's

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Many a mom-and-pop operator of a McDonald's franchise became millionaires by virtue of their investments and efforts running a store or two. Now, those stores are becoming ever more expensive to build and maintain, and the moms and pops are being acquired by bigger and bigger companies with slick operations and deep pockets. This trend provides an excellent touch-point to discuss the accounting principles applicable to franchisees and franchisors.

This Is Your Company on Blockchain

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Get ready for Blockchain, which is likely to become as ubiquitous as the Internet. Blockchain is encrypted cloud-based data that captures everything about all transactions. It may ultimately displace many accountants, but how will an auditor audit such data?

Phantom Nukes That Charge Real Money

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Industry-specific accounting rules sometimes differ from run-of-the-mill generally accepted accounting principles (GAAP), and that is especially true for public utilities. The sometimes mystic rate-making process that is often dependent on special accounting methods.

Mark Weinberger, CEO EY

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

EY, one of the global Big 4 accounting firms, now employs a staff of nearly a quarter million. How do they manage to hire and retain so many? Maybe the key is not worry about retention?

The Art of Shadow Banking

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Lending by Sotheby’s tripled to $682 million in four years. Malaysian financier Jho Low was awarded a loan from the auction house and is currently being investigated for money laundering.

Becoming a Tax Haven Is Harder Than It Looks

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Bermuda, Ireland, the Caymans, and a few other small spits of land have prospered by offering very low tax rates. The result is an influx of corporate homes and a flood of money that creates a guaranteed pathway to prosperity. Now that the UK has vowed to leave the European Union, some are postulating that the Brits may be about to embark on a round of sharp corporate tax cuts. Will it work?

The Bull Market You Haven't Seen

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Interest rates have plunged, resulting in rising bond prices never seen before. This situation provides a real-world illustration of the textbook case on how bond prices and interest rates are inversely related.

The CFA Exam's Toughest Question: What's the Payoff?

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

The number of people taking the CFA exam is skyrocketing, but many question the value proposition. Is it right for you?

Wanted: Accountants With Hearts of Stone

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

A recent study shows how personality traits, especially congeniality, do contribute to success in accounting, but perhaps in an unexpected way.

A Big Fat Tax Is Coming For the Hedge Fund Elite

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

In the cloak-and-dagger secrecy of offshore taxation strategies, one popular technique has been unmasked and is about to feel the effects of a Tax Code revision.

Farming Big Data

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Big data is the rage, and companies are gobbling up one another to acquire supporting technology. What are the accounting implications?

Japanese Choose the Mattress Over Banks

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Discounted cash flow and present value considerations are hallmark topics in every business curriculum, but how do related considerations apply in a negative interest rate environment?

Tax the Rich!

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Long popular under the Federal Income Tax, significantly progressive income tax rates are now finding their way into state tax codes. (Note: This article is only available in the hard copy of the magazine; there is no online version.)

How Finance Ruined Business

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

The book "Makers and Takers: The Rise of Finance and Fall of American Business" adds up the ill effects of Wall Street’s zero-sum game. It's a timely read for current business students.

The State of the 401(k) - A Limited Reach

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Higher income also translates to higher rates of saving for retirement. This result probably seems rather intuitive, but the numbers show a staggering gap!

The AAA Rating Club: Johnson & Johnson and Microsoft

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Triple-A rated is the gold standard representing the highest quality, and therefore safest, debt rating. Once the aspirant rating for corporate borrowers, the list of holders has dramatically shrunk, and no one seems to much care.

Yahoo! is Worth Approximately -$8 Billion

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Yahoo is for sale, and the price tag is looking to be less than the sum of the parts! To everyone's frustration, this may not look like the typical textbook illustration of acquisition accounting.

I Don’t Know, I Just Work Here

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Employee or independent contractor? This article highlights not only information about significant legal and tax differences in the classification of labor, but also provides valuable insights on emerging trends brought about by technological innovation.

Sharing Everything But the Wealth

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Changing technology and business models are contributing to lost revenue for the Internal Revenue Service. The burgeoning tax strategies and off-shoring efforts of businesses in the so-called sharing economy are costing the U.S. government billions.

Pin the Value On the Unicorn

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Valuation plays an ever increasing role in the practice of accounting. However, valuation, like beauty, is often in the eye of the beholder. In Silicon Valley, behold the wild swings and different views of what some of the hot tech plays are worth.

The Incredible Rise and Final Hours of Fracking King Aubrey McClendon

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Chesapeake Energy’s cofounder and CEO was a visionary who had trouble following the rules. While attention may currently be focused on Aubrey McClendon's recent indictment for bid-rigging, it may eventually swing to a closer inspection of the accounting books of the company he founded.

The Man With The Black Envelopes

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Story book growth story, Valeant, hits an SEC roadblock over potential accounting problems.

Citigroup Faces Fraud Suit Claiming $1.1 Billion in Losses

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

When Oceanografia went under, investors blamed Citigroup for keeping it afloat with cash advances. Now the investors are suing Citigroup, maintaining that it colluded in the fraud that surfaced at Oceanografia.

Google Isn’t Paying the ‘Google Tax’

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Google somehow pays an effective tax rate of about 7 percent on its non-U.S. income. How does it (and other internet companies) keep this rate so low?

Deutsche Bank Investors Get a Scare

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Convertible contingent bonds (CoCos) have been a good investment up until recently. Unfortunately, problems Deutsche Bank is having with its CoCos have contributed to a large recent drop in their share price.

Under Armour’s Most Valuable Players

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Under Armour has been good at picking sports figures for endorsement deals. This has helped the company's bottom line and sales growth. How has Under Armour done it?

The World’s Favorite New Tax Haven Is the United States

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How has the United States become a prime tax shelter destination?

Facing a Price War, Uber Bets on Volume

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How is Uber’s income affected by the company's continued trend of lowering fare prices every January for the last three years?

The IPO Aimed At Iran

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Why would Saudi Arabia consider an IPO at this time of historically low oil prices? Saudi Arabia is considering a new strategic ally in its cold war against Iran: The world’s 330 million owners of publicly traded stock.

Spotify Isn’t Laughing Off This Lawsuit

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

A lawsuit could result in Spotify having big liabilities from unpaid royalties. How much are these potential liabilities? And how is Spotify dealing with them?

The Sustainable Locally Sourced Free-Range Humanely Raised Made-to-Order Toxic Burrito

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Chipotle has had huge problems recently dealing with food safety issues. What steps are they taking to deal with these problems?

How 'The Big Short' Hollywood-ized the Financial Collapse

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

The Big Short, a new movie with an A-list cast, tries to explain some of the financial crisis’s complicated transactions. But have any of the problems leading to the financial crisis really been fixed?

Another Way For States to Get Federal Help

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Kansas and other states are taking advantage of a funding mechanism that allows for an increase in state health provider taxes and state Medicaid spending, all essentially paid for by the federal government.

SoftBank’s $3 Billion Startup Incubator

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Nikesh Arora is putting SoftBank on a path to invest billions in startups over the next few years. He has also shown his confidence in this plan by investing hundreds of millions of dollars of his own money in SoftBank.

Fidelity Sends a Chill Through Silicon Valley

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Many technology companies stay private in order to avoid having to make the periodic disclosures that a public company does. This doesn’t always work out when a large investor is a mutual fund. Why not?

Carnival Rocks the Boat

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Under Chief Executive Officer, Arnold Donald, Carnival’s share price is up 53 percent. Carnival's net income is up 15 percent. How has he done it?

A Wal-Mart Heir is $27 Billion Poorer Than Everyone Thought

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

By giving much of his estate away before death, John Walton avoided billions in estate taxes and left more for his heirs to inherit. How did he manage to do it?

Hang $99.99

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Wavestorm surfboards, which launched in 2007 and are sold for $99.99 exclusively through Costco, are now the leading surfboard brand, selling five times more than the closest competitor.

No-Retirement-Plan Starter Pack

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

As people live longer, fewer of them have employer-sponsored retirement plans to help support them in their old age. Only 8 percent of eligible taxpayers contribute to an IRA or Roth IRA.

Smartphone Margins

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Apple reigns supreme in terms of profit share in the smartphone industry. However, if the worldwide market shifts to lower-priced models, as expected, it is uncertain whether the firm's high profit margins can be sustained.

Heir Conditioning

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Sometimes the children and grandchildren of the superwealthy aren’t so good at maintaining the wealth they inherit. Professionals now advise the superwealthy on how to increase the odds that their descendants wisely use their inheritances.

Uber Tells Judges to Read the Fine Print

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Uber currently finds itself in a fight with its drivers over how they're classified: either as independent contractors or employees. The outcome could have important implications for many so-called sharing-economy companies.

Hitting It Big As a Regulator

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

James Doty, the current chairman of the Public Company Accounting Oversight Board, makes more than $670,000 a year. He would like another term, but he has some stiff competition.

REITS May Not be the Answer for Retailers

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Activist investors say that spinning off or selling properties can boost a company’s stock price and reward investors who would otherwise miss a chance to benefit from record real estate values.

Republicans Tap Their Own Tax Mavens for '16

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

In the past three years, donors have pumped millions into the Tax Foundation, a think tank whose analyses tend to be kinder to Republican proposals than those used by the Tax Policy Center, which doesn’t assume tax cuts can boost growth. Will the organization have an effect on the 2016 election?

The Sharing Economy Comes to the Farm

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

FarmLink, based in Kansas City, Missouri, seeks to help farmers rent out their equipment. The company has created a platform to help farmers rent out their unused equipment to growers who may be hundreds of miles away to take advantage of the differences in peak harvest seasons.

Things Are About to Get Ugly at Kraft

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Warren Buffett and 3G Capital have made one big promise: They’ll cut $1.5 billion in annual costs from Kraft Heinz before 2018. The company will lose employees, whole levels of management, and maybe a few brands, too. Will it be a boon to investors?

The Arctic or Bust

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Royal Dutch Shell geologists believe that a prospect called Burger J. Company in Alaska holds up to 15 billion barrels of oil. As a result, Shell is heavily investing in its Arctic initiative, on which it's spending more than $1 billion a year—and more than $7 billion so far. Is it worth the risk?

Salesforce Gets a Dose of Oracle Discipline

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Salesforce.com's revenue has grown from $4.1 billion to $5.4 billion in Keith Block’s first two years with the firm, and estimates are that the company’s share of the market for customer relationship management software has risen from 14 percent to 18 percent. How has Block managed this change?

The Google Tamer

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Google has brought in Ruth Porat, an almost 30-year veteran of Wall Street, as its CFO. Under her stewardship, expenses are leveling off and Google's stock price is on the rise.

Getting High on Their Own Supply

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Wall Street analysts are gloomy about corporate performance in the second quarter, predicting that profits fell 6.5 percent. Yet if companies weren’t buying so much of their own stock, the drop could be much higher. Buyback announcements so far in 2015 are on pace to reach an annual record of $993 billion.

HSBC Managers Battle the Cleanup Squad

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

HSBC Holdings Plc, fined for providing banking to money launderers and sanctions-dodgers, promised U.S. officials it would clean up its act. Unfortunately, some HSBC executives mounted a campaign of bullying, foot-dragging, and discrediting against internal auditors.

Need a Risky Loan? That's a Job for Jefferies

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How has Jefferies been able to increase its underwriting of buyout loans by so much in the last few years?

L.A. Fans Pray for an NFL Team of Their Own

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Two Los Angeles suburbs have approved big-ticket stadium projects in the hope of luring an NFL team.

The Agency That Barely Moves

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

The SEC is paralyzed by politics and poor leadership, according to staffers.

Wine Wars

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What effect do natural wines have on sales of wine producers?

McDonald’s Revamp Has Missing Ingredients

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How has McDonald’s decided to respond to a decline in share price?

George Soros’s Tax Bill

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How has George Soros used the tax laws to help amass his huge fortune?

Amazon Cloud Is Worth How Much?

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How has Amazon been able to increase revenue in cloud computing while others have lagged in the area?

The Secret Sauce

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How Buffalo Wild Wings turned the sports bar into a $1.5 billion juggernaut.

A New Rule Could End Up Punishing the Wrong Banks

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Does a new Financial Stability Board rule inadvertently punish more stable banks?

Ordinary Investors Now Have an Advantage Over the Pros

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Negative interest rates offer an advantage for individual investors.

Sirius Business

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How would the revenue of SiriusXM be affected if the company was to lose Howard Stern?

Making Washington Fall in Love With Pizza Again

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

The $37 billion pizza industry wants Congress to roll back regulations designed to get Americans to eat fewer slices.

Bloomberg View: Turn the Gas Tax Over to the States

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What can be done to solve the problem of the coming Highway Trust Fund insolvency?

Are Credit Suisse, RBS, Standard Chartered, HSBC, and Barclays Terrorist Banks?

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What kind of liability are major banks facing for being the conduit for money used in terrorist activities?

The Weirdest Tax Loopholes

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What are some of the strangest loopholes in the U.S. tax code?

Who Doesn’t Love a Discount? The Taxman

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How is Expedia dealing with the lawsuits concerning payment of state and local room taxes, and how big of a problem is it for them?

Whole Foods, Half Off

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How is Whole Foods planning to maintain its profitability in the face of increasing competition?

The Perils of Bottom Feeding

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How are investors responding to the reduction in oil prices?

Read Delta's Lips: No New Taxes

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Why are Delta and other airlines making billions in profits yet paying no income taxes?

A Retirement Toast

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What are the differences in executive retirement compensation and regular employee retirement compensation in the United States?

Amazon Sorts Itself Out for the Holidays

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

New facilities are supposed to prevent delivery disappointments.

The Greatest Tax Story Ever Told

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What are tax inversions and how did they originate?

Sudden Bankruptcy in the Oil Business

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How did OW Bunker manage to go bankrupt so soon after going public?

Roy Choi Wants to Feed Non-Foodies

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What is the potential for making a profitable, popular, healthier hamburger with alternative ingredients?

Merchants Try to Trim Many Unhappy Returns

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Holiday return rates are three times the usual, costing sellers billions of dollars.

Expert Outlook: Harold Hamm

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What will falling oil prices do to the profitability of shale oil producers?

Will Wall Street Love Fracking as Prices Fall?

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What is the effect of falling oil prices on the profitability of the oil and gas industry?

Samsung’s China Problems Come to India

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Cheaper smartphones eat away at the South Korean company's lead.

Facing America’s Other Middle-Class Squeeze

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How are 401(k)s meeting the needs of today’s workers?

Side Effects May Include Large Profits

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

An Israeli startup is courting Wall Street clients with a service that aggregates patient conversations about drugs.

Can Renault Keep Dacia Cheap?

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How is Renault doing with its low-price Dacia car brand?

Alibaba’s Big Splash

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Buybacks and takeovers have more than offset IPOs, reducing the supply of stock by $900 billion in the past four years.

Foreign Companies Cry Foul at Chinese Probes

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What regulatory environment do foreign corporations face in China, and how might this affect their future profitability?

Netflix Looks to the Old World for New Growth

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What plans does Netflix have for expansion in Europe?

Made in Memphis

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How have tax incentives and labor costs affected the location of new manufacturing plants in the South?

The Ninja Turtles Save Summer

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Hollywood is suffering from overcrowding during its key season.

Taking AIG From "Sucks" to "Rocks"

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What are AIG’s plans after the bailout, and why are they emphasizing profits over market share?

IPOs Are Getting Bigger, Maybe Not Better

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

A trend has developed in which young companies are waiting longer before they go public.

The Highway Trust Fund to Hell

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

With the Highway Trust Fund going broke, how should the crumbling U.S. transportation infrastructure be paid for?

Big Enough to Drive a Government Contract Through

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How are former U.S. corporations that reincorporated overseas to avoid taxes still winning U.S. government contracts?

What Are They Doing at Monsanto?

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What effect does the controversy over GMO seeds have on Monsanto?

How to Go After White-Collar Crime

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What impact does the lack of prosecution of anyone involved in the financial crisis have on the perception of equality under the law?

If Only They Had Listened...

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

GM didn't just ignore whistle-blowers, it shut them up.

Hate Taxes? Be Thankful You’re Not a Pro Athlete

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How are professional athletes taxed by the cities they play in, and is this system fair?

Asia Is Getting Its Own Love Boats

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What is the current state of the market for cruise lines in Asia, and how will it change in the future?

Modesty is the New Abercrombie

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Abercrombie is hoping to bring back teens who’ve left the mall and are shopping with their smartphones.

Americans’ New Piggybank: The 401(k)

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Does the penalty for early withdrawal from 401(k) plans keep taxpayers from withdrawing their savings?

Are You Done With That? How Lenovo Makes Fat Profits on Slim Pickings

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How has Lenovo been able to increase profit with other corporations’ castoffs?

Why Medicare Keeps Paying Sketchy Docs

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What is the extent of Medicare fraud in the United States, and is anything being proposed to fix this problem?

Big-Box Cutter

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How does Stihl help small hardware stores stay in business?

States Target Corporate Cash Stashed Overseas

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What are the states doing to crack down on offshore tax havens?

An Immodest Proposal

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Is a global wealth tax a realistic eventuality?

Casinos Know When to Fold 'Em

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Is gambling revenue a dependable source of income for state governments?

Companies Keep Piling Up Cash Overseas

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How much of their profits have U.S. multinational corporations parked overseas, and is anything being proposed to fix this problem?

Pandora's Stock Rally Isn't Solving Its Problems

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How has Pandora’s slowing sales growth affected its stock price? And will it be able to control royalty expenses?

In 401(k) Plans, a Little More Makes a Big Difference

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How do 401(k) plans vary from company to company, and how close do they come to providing what employees will need for retirement?

Tax Preparers Push the Benefits of Obamacare

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How are tax-prep firms helping customers sign up for Obamacare?

Your Wilting Retirement

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

The investment industry has said for the past thirty years that 401(k)s are a big improvement over pensions, giving employees more investment choice, more control over retirement planning, and more portability amid the frequent job changes of the modern workforce. How's that working out?

Nissan Moves to the Back of the Pack

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

In two years, Nissan has gone from having the highest to lowest profit margins of any Japanese automaker.

Northeast's Record Natural Gas Prices Due to Pipeline Dearth

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Will the users of natural gas in the Northeast be charged a tax to pay for incentives to build pipelines more quickly?

No Tax Breaks for Boats

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Should the mortgage-interest deduction for yachts be repealed, and how much in tax revenue will it save if it is?

Putting a New Name on an Old Idea to Fix Inner Cities

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How likely is it that the “promise zones” President Obama is proposing will make a difference to communities within them?

Get Ready for a New “Green Rush”

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Will legalization of marijuana provide abundant profits and investment opportunities?

No More Breeze at Their Backs

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Is the wind energy tax credit a victim of its own success?

Putin's Olympic Fiasco

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

The amount of corruption associated with the record $51 billion spent on the Sochi Olympic Games has been unprecedented. Where is this corruption occurring, and will the games be affected?

American Hustle

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Lennar industries was severely, although temporarily, damaged by unsubstantiated allegations in 2009. How did this happen to a company whose previous financial statements were clean?

Shift Change

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

GM's first female CEO is taking over at a time when the company is in better shape than it has been in years.

GE’s Lost Decade

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Why has GE’s stock dropped a third during Jeffrey Immelt’s tenure as CEO?

Wal-Mart’s New Chief Faces Old Woes

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What is the outlook for Wal-Mart now that Doug McMillon has taken over?

Bad Loans Could Spark an Emerging-Markets Crisis

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What is the outlook for the debt of emerging-markets corporations?

Solar vs. Solar

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

The shares of photovoltaic panel producers have had a tremendous run this year. Why have they increased so much?

The Battle Over Netflix

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Netflix shares have had a tremendous run this year. Are growing earnings fueling their rise in price?

Hell to Pay

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

The major banks are finally being forced to pay for some of their actions during and before the financial crisis. What are the effects on the banks going to be in the months ahead?

Mega Death

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Can Service Corporation International continue to grow in the business of funeral homes and cemeteries?

Chevron’s $19 Billion Day in Court

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Can corporations fight back against law firms that bring fraudulent suits against them?

How Two Billionaires Rescued a Union Bank

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Can a bank owned largely by a union be profitable and also have private equity shareholders?

Nothing Man

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How did Eike Batista go from being a billionaire to being near bankruptcy?

The Slow, Profitable Death of GM’s Big SUVs

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Large SUVs would seem to be an insignificant part of the car market, but this segment actually accounts for a good chunk of gross profit for GM and Chevrolet. Why is this, and will it continue?

Despicably Profitable

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How did Despicable Me 2 earn $840 million, and what effect has that had on Universal?

Finding Dick Fuld

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What has Dick Fuld done since the Lehman bankruptcy? Was the Lehman Brothers bankruptcy necessary?

A Culture Clash in the Yogurt Aisle

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How has Danone reacted to the competition from Chobani in the Greek yogurt market? Is the company's reaction effective?

Classing Up RadioShack

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

RadioShack, with sales down 32 percent since 1996, is cutting the number of products in its stores by a quarter.

Splits End

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Why are fewer corporations making use of stock splits?

Leases Aren’t Just for Luxury Anymore

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

In which direction is the U.S. automobile leasing market going?

The End

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Will Barnes & Noble remain in the e-reader market?

Let the Games Begin

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Will Fox Sports 1 be able to compete with ESPN, and how will each of them likely charge per cable subscriber?

The Sun Tzu at Sears

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Why have the net income results at Sears underperformed, and does it have anything to do with the management of Eddie Lampert?

Things Aren’t So Fab at Fab.com

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What sort of company is Fab.com, and why do they seem to be losing executives?

Switzerland Struggles With Bank Secrecy

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Why has the Swiss Parliament voted not to allow Swiss banks to cooperate with the IRS?

In Brazil, Highway Robbery Is Just That

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Why is Paranapanema, Brazil’s largest refined copper producer, switching its domestic shipments to slow-moving freighters from swifter trucks?

Dunkin’ Hopes You Stop and Smell the Coffee

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Can Dunkin’ Donuts compete with Starbucks by remodeling their stores? Are other restaurants such as Wendy’s going to follow suit?

How Cheap is Craig Jelinek?

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

What is the secret to Costco’s success? And how does it compare to other retailers when it comes to accounting metrics?

Theme Parks Are on a Roll

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How are revenues and profit margins for theme parks holding up in these weak economic times?

The Deficit is Shrinking

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Is the federal budget deficit shrinking too quickly or not quickly enough?

The Only Man For The Job – And That’s the Problem

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How has Jamie Dimon managed to keep control of JPMorgan, and should he maintain control in light of the problems the company has recently endured?

The Man Who Ate the Internet

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How has Netflix rebounded from the massive subscriber losses it suffered eighteen months ago? What do they plan to do in the future?

Some CEOs Are More Equal Than Others

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Nearly three years after Congress ordered public companies to reveal their CEO-to-worker pay ratios, the numbers still aren’t public.

An Ex-Wife Threatens Steve Wynn’s Casino Empire

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Steve Wynn might lose control of Wynn Resorts. What effect might this have on the corporation?

A Comic Book Makes the Case for Loews

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Why did Loews decide to explain the corporation through the use of a comic book? What have critics thought about the results?

You Don’t Know Him. Your Accountant Will

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How does Dave Camp, the chairman of the House Ways and Means Committee, plan to change the tax system?

It Takes an Army -- And Advisors

Craig A. Turner, Ph.D.  |  Accounting & Taxation

An army cadet’s startup has been nurtured by the growing number of organizations that support college entrepreneurs.

It Takes an Army -- And Advisors

Craig A. Turner, Ph.D.  |  Accounting & Taxation

An army cadet’s startup has been nurtured by the growing number of organizations that support college entrepreneurs.

At Tax Time, It’s Good to Be an American

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How does America's tax system stack up against the rest of the world? The facts might surprise you.

What Good Are Low Prices If the Shelves Are Empty

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Why have some customers been switching from Walmart to their competitors to shop? Has Walmart cut costs too far?

Investors Favor Google Over Apple

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Why has Google’s stock been outperforming Apple in the last year?

Investing for the Apocalypse

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How can you profit from future climate change? Where is the “smart money” investing in this area?

The Blues Brothers

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Alan Simpson and Erskine Bowles, as part of the National Commission on Fiscal Responsibility and Reform, came up with a bipartisan plan to reduce the U.S. deficit. Is it dead?

More Hidden Risks At Banks

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Are American banks making proper disclosures with respect to derivatives and mortgage securities?

The Tax Preparers Who Heart Obamacare

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Will Obamacare make you more reliant on your tax adviser? How might tax advisers be impacted when Obamacare is finally fully implemented?

Hacked? Who Ya Gonna Call?

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Could your business be the target of a hacker attack?

One Way to Fix Broken Roads: Stop Taxing Gas

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Virginia’s Governor Bob McDonnell would like to do away with the gas tax and raise the sales tax instead to fund fixing his states' broken roads.

The Surprising Upside to Currency Wars

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Japan is currently trying to devalue its currency. Is this appropriate for Japan, and what might other countries do in response?

Gimme Shelter

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Which countries are now the most popular tax havens?

Fiscal Cliff Deal + Obamacare = Higher Taxes on the Rich

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

How will the fiscal cliff deal and the Affordable Care Act affect individuals’ taxes this year?

The Hazards of Forecasting Apple

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Judging from the wide variation in forecasts of Apple’s stock price, estimating the future stock price for Apple has become more difficult of late. Why is Apple going through this phase, and what might it mean for investments in the company?

Charlie Rose Talks to Kenneth Rogoff

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Kenneth Rogoff has found that debt levels of 90-100% of GDP for a country will slow the country’s future GDP growth. Does he think the United States is going the way of Greece or Japan?

The Foreclosure Wave That Wasn’t

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Analysts thought the foreclosure slowdown two years ago would be followed by a rush of foreclosures, driving down prices for years into the future. So why didn't that happen?

Why Hewlett-Packard’s Impulse Buy Didn’t Pay Off

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Somehow Autonomy’s market value has declined by 85 percent in the short time Hewlett-Packard has owned it. How did this happen, and why is this problem more common in software companies?

Bankers and Socialists Clash Over a Tax Break

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Super-rich foreigners in Switzerland can pay an effective income tax rate of as low as 1 percent. How do they get by with this, and how does this go over with the Swiss?

The Problem With Patching Up the Tax Code

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

Is it possible to significantly reduce the budget deficit by cutting loopholes?

The Brutal Arithmetic of the Budget Deficit

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

U.S. taxpayers currently pay $2.4 trillion per year in taxes. Tax revenue consists of 46 percent individual income taxes, 35percent payroll taxes, 10 percent corporate income taxes, and 9 percent from estate, gift, excise, and other taxes.


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