Monthly Archive: November 2011

Nov 29

PCAOB needs to take the next Chinese step

The Public Company Accounting Oversight Board (PCAOB) is the U.S. regulator responsible for inspecting accounting firms that audit public companies whose stocks trade in the United States. The PCAOB has the right to come into most countries, but such an agreement has not occurred with China. Chinese companies have been listing on American exchanges for …

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Permanent link to this article: http://betweenthenumbers.net/2011/11/pcaob-needs-to-take-the-next-chinese-step/

Nov 28

Sampling Methods and Offsets now available in Customs Matters

On October 25, 2011, United States Customs and Border Protection (CBP) added regulatory provisions formally recognizing the use of sampling methods in CBP audits, and in importer disclosures. The final regulations do not materially change the proposed regulation issued around two years ago. Statistical sampling is a practical and expeditious way to accurately assess large …

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Permanent link to this article: http://betweenthenumbers.net/2011/11/sampling-methods-and-offsets-now-available-in-customs-matters/

Nov 27

Some Americans Expect to Retire at 80

When will you retire?  A new study conducted by Wells Fargo indicates that it may be much later than you think.  Wells Fargo’s survey consisted of 1,500 middle-class Americans, from ages 20 to 80.  Here are some interesting, and some depressing, facts from the survey:       Americans saved only 7% of what they hoped …

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Permanent link to this article: http://betweenthenumbers.net/2011/11/some-americans-expect-to-retire-at-80/

Nov 26

The Worst Passwords of 2011 and How to Do Better

Slashdata published a list of the worst passwords of the year.  This was done by compiling the frequency of occurrence in stolen username/password lists that were published for sale.  So in one respect these passwords were doubly bad.  Not only were they common but they were on sites that were open to hacking. The most common …

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Permanent link to this article: http://betweenthenumbers.net/2011/11/the-worst-passwords-of-2011-and-how-to-do-better/

Nov 25

IRS marketability Practice Aid falls far short of its potential

When a minority interest in a privately-held company is transferred, a discount from the value of the entire company is calculated to reflect the lack of marketability of such an interest.  These discounts for lack of marketability (DLOMs) are important in many estate plans and related transfers. In August, 2011, the IRS publicly released a lengthy practice …

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Permanent link to this article: http://betweenthenumbers.net/2011/11/irs-marketability-practice-aid-falls-far-short-of-its-potential/

Nov 23

What the Cool Kids Will Be Using to Run Windows 8

EXOPC is a company that currently makes a couple of tablet computers that so far have achieved little market share. However a demonstration of a new planned product called the EXODesk has received hundreds of thousands of views. Here it is: From a hardware standpoint this is an already existing product, the multi-touch flat-screen monitor, …

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Permanent link to this article: http://betweenthenumbers.net/2011/11/what-the-cool-kids-will-be-using-to-run-windows-8/

Nov 22

The Post Office can survive without taxpayer handouts

Technology, and with it the way people communicate, has changed rapidly.  With the evolution of digital communications, the USPS must adjust. In a November report entitled, “Action Needed to Maximize Cost-Saving Potential of Alternatives to Post Offices”, the Government Accountability Office (GAO) analyzes the problem.  Here is the GAO’s headline summary: The U.S. Postal Service …

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Permanent link to this article: http://betweenthenumbers.net/2011/11/the-post-office-can-survive-without-taxpayer-handouts/

Nov 20

Court-appointed expert will likely have the final word on damages in Oracle vs. Google

The District Court appointed an independent expert on the issue of damages pursuant to rarely-used Rule 706 of the Federal Rules of Evidence. The report will likely be made public soon. No doubt, the District Court is frustrated by the wide range of damage claims that the parties are offering, and is attempting to reign …

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Permanent link to this article: http://betweenthenumbers.net/2011/11/court-appointed-expert-will-likely-have-the-final-word-on-damages-in-oracle-vs-google/

Nov 18

Unpopular 3% government contractor tax withholding is repealed

On Wednesday, the House overwhelmingly passed a tax bill that the Senate passed earlier this month.  The President said he will sign the bill. First, the legislation repeals the three percent withholding on payments to federal and state government vendors that was scheduled to begin in 2013.  The withholding was originally enacted in the Tax Increase …

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Permanent link to this article: http://betweenthenumbers.net/2011/11/unpopular-3-government-contractor-tax-withholding-is-repealed/

Nov 17

Samsung Displays Remarkable Agility

When Apple in early August won a preliminary injunction against Samsung’s sales of the Galaxy Tab 10.1 across most of the European Union (later reduced to just Germany) the common theme in the technology press was that it did not matter how the final ruling went.  By then Samsung would have lost the 2011 holiday sales and maybe …

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Permanent link to this article: http://betweenthenumbers.net/2011/11/samsung-displays-remarkable-agility/

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