According to the New York Times, “natural asset companies” would put a market price on improving ecosystems, rather than on destroying them. Questions: Source: DePillis, L. (2024). Nature Has Value. Could We Literally Invest in It? The New York Times, Feb. 18 (Retrievable online at https://www.nytimes.com/2024/02/18/business/economy/natural-assets.html)
Posts Categorized: Income Taxes
The Great Compression: High Rents Lead to Smaller Living Quarters
According to the New York Times, the era of the 400-square-foot subdivision house is upon us. Questions: Source: Dougherty, C. (2024). The Great Compression. The New York Times, Feb. 17 (Retrievable online at https://www.nytimes.com/2024/02/17/business/economy/the-great-compression.html)
The Troubling Cost of Salmon
According to the New York Times, land-based aquaculture for farm-raised salmon stands to upend an industry plagued by environmental concerns. Question: Source: Clark, M. (2023). The Salmon on Your Plate Has a Troubling Cost. These Farms Offer Hope. The New York Times, Oct. 16 (Retrievable online at https://www.nytimes.com/2023/10/16/dining/farm-raised-salmon-sustainability.html)
Some Interesting and Difficult Issues Surround the RiteAid Bankruptcy!
According to the New York Times, RiteAid, one of the country’s largest pharmacy chains, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers. Questions: Source: Holman, J. and L. Hirsch. (2023). Rite Aid, Facing Slumping Sales and Opioid Suits, Files for Bankruptcy. The New York Times, Oct. 16 (Retrievable online… Read more »
Beware Evil-Doers!
IRS Commissioner Daniel Werfel said Monday in a letter to leaders of the Senate Finance Committee that the agency would renew its effort to crack down on predatory (or bad) preparers. Questions: Source: Weil, J. (2023). IRS vows to crack down on predatory preparers, change audit strategy. The Washington Post, Sep. 18 (Retrievable online at… Read more »
Rite Aid – A Rocky Road Ahead
According to CNN, Rite Aid shares slid lower as the pharmacy chain prepared bankruptcy filings this week while dealing with lawsuits over the sale of opioids. Questions: Source: Goodkind, R. (2023) Rite Aid stock is experiencing extreme turbulence: Here’s why. CNN, August 28 (Retrievable online at https://www.cnn.com/2023/08/28/investing/rite-aid-stock-bankruptcy/index.html)
The Highest Paid Medical Doctors are in the Dakotas. Why?
According to the Washington Post, there is an interesting phenomenon about the location of the highest paid medical doctors. Questions: Source: Van Dam, A. (2023). The real reason the highest-paid doctors are in the Dakotas. The Washington Post, Aug. 11 (Retrievable online at https://www.washingtonpost.com/business/2023/08/11/doctor-pay-geography/)
It’s Called the “Urban Doom-Loop”
With more people working remotely, companies are rethinking their plans to sign leases on business buildings in downtown areas all over the U.S. Questions: Source: Siegel, R. (2023). How the ‘urban doom loop’ could pose the next economic threat. The Washington Post, Aug. 28 (Retrievable online at https://www.washingtonpost.com/business/2023/08/28/commercial-real-estate-economy-urban-doom-loop/)
Great News for Accounting Students and Graduates!
According to Accounting Today, less than one percent of firms can find enough accounting staff. Questions: Source: Cohn, M. (2023) Less than 1% of firms can find enough staff. Accounting Today, Aug. 2 (Retrievable online at https://www.accountingtoday.com/news/less-than-1-of-accounting-firms-can-find-enough-staff?)
IRS Tackles The Latest Scam
According to Accounting Today, the Internal Revenue Service will be adding extra procedures to deter scammers who have been inundating the agency with bogus claims for the Employee Retention Credit. Questions: Source: Cohn, M. (2023) IRS plans new measures to curb Employee Retention Credit fraud. Accounting Today, July 26 (Retrievable online at https://www.accountingtoday.com/news/irs-plans-new-measures-to-curb-employee-retention-credit-fraud?)