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SEC Will Reveal the IFRS Start Dates This Week for the US

This Wednesday, the SEC will finally let us know a date for US Companies to be allowed to start using IFRS as their reporting standards. It’s essentially going to be a roadmap that the SEC commissioners will consider, and then of course open it up to the public and watch the fireworks begin. Read More »

Somehow he thought he would fit

Somehow he thought he would fit

Somehow he thought he would fit,
originally uploaded by j_sanchez.

Think your offshore tax haven is protected? Think again…

The U.S. Senate is proposing two bills to get a stronghold on the abuse of offshore tax havens.  For those of you not sure of what this is, an offshore account is a bank account located outside the country of residence of the account holder, and typically in a low tax jurisdiction that provides financial and legal advantages.  For years, offshore accounts have been used for a variety of reasons.  Some of which are for privacy, less legal restriction, low or no taxation, easy access for deposits, and protection against local political or financial instability. Read More »

4th of July Photos

Posted on my Flickr account

http://www.flickr.com/photos/budsblogsite/sets/72157605991323541/

Accountants Celebrate! No New Accounting Rules for 3 Years?!

That sounds like sweet music to my ears!  Of course, the SEC has yet to suggest a date by which U.S. companies have to adopt IFRS rules, and the thought of such a massive switch is the current topic of discussion at some of the hard partying accounting functions in the country (think fraternity keg party with calculators and sheep). Read More »

The Simplicity of FROs (and we’re not talking about the 70’s style hair-do)

As the opening bell was rung by Don Montanaro on May 8th, the creator of Fixed Return Options (FROs), he was hoping to see a new era of trading by bringing in a more simple way of option trading.  FROs, simply put, pays out in either an all or nothing structure that alleviates the pains of trade calculations and confusing contract language that has high potential to deter the basic style of traders. Read More »

Why, yes! I did pay $13 for these cupcakes…

Bought these from Crave Cupcakes over in the Galleria area.  Maybe it’s the beginning of my mid-life crisis?!

Write a blog, take down a company…

How long until you hear this in your everyday conversation?

You: What did you do today?

Response: I wrote a blog about the bad day I had and took down the multi-million dollar company I work for.

You: Umm, yeah.  <awkward pause> Did you get many hits? Read More »

Sitting at Pappasito’s

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Sittin at Pappasito

Sittin at Pappasito,
originally uploaded by budsblogsite.
Showing a friend of mind the basics of blogging, flickr, twitter, and brightkite.

Tech Companies – Not For Your Grandfathers Bank

One of the questions I see the most is “why are banks so reluctant to loan to a technology company?”  Where there are several answers for this, but the main one is “they don’t like things they can’t get their hands on.”  Banking today has come far from what it was 10-15 years ago.  Mobile banking is starting to take shape, online accounts are at an all time high, and electronic transfers are becoming popular among all age groups.  So why are they still afraid to loan to a tech company? Read More »

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