Reality TV Redux Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
Reality TV Redux
Much of our country was riveted last Friday as reality TV took on a whole new meaning, beyond anything Law & Order, CSI or NCIS could ever dream up. Viewers followed the unfolding events in Watertown, Mass., starting late Thursday night with the brutal killing of police officer Sean A. Collier, 27, of the MIT police force and ending at 8:45 PM Friday with the capture of suspect Dzhokhar Tsarnaev. The object of the all-out manhunt was found cowering in the boat of Watertown homeowner Dave Henneberry, who courageously did exactly what he should when he saw something, which was to say something.
The events of Thursday night into Friday included all the elements of a real life, real time Die Hard movie, albeit without Bruce Willis – cold-blooded murder, carjacking, kidnapping, a police chase, grenades thrown from moving cars, a police shoot out on a public street, a brazen escape through a police blockade, and a manhunt conducted with a national TV audience along for the ride. The Hollywood version (no doubt already in the works and probably two hours instead of 20) could never compare to what is probably the best real-time televised police drama since OJ & the Bronco.
See Something, Say Something Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
See Something, Say Something
Terrorism reared its ugly head again this week on U.S. soil, when the annual Boston Marathon was interrupted on Monday by a terrorist attack whose sole purpose was to kill and maim innocent U.S. citizens – men, women and children who had the misfortune of being in the wrong place at the wrong time. As of this writing, three people are dead, including an eight-year-old boy, and close to 200 are injured, some severely, with wounds more akin to a battlefield than an organized sporting event in one of America's greatest cities.
Federal, state and local officials, led by the FBI, ATF, JTTF, and the Boston PD, have launched an all-out deployment of resources to identify those responsible for this heinous act and bring them to justice. And just as we've done in the past, whether it was solving the Oklahoma City bombing, finding a Middle East dictator hiding in a hole in the ground or tracking down the most wanted mass murderer of our time in Pakistan, I'm absolutely confident that good old fashioned detective work will lead to the arrest and conviction of those involved.
Keeping the Trust in Trusted Advisor Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
Keeping the Trust in Trusted Advisor
I was visiting a client earlier this week, who brought up the current scandal involving KPMG. One of the senior partners in their LA office had just been arrested on charges of alleged insider trading. My client commented on how this could be a good "opportunity" for Marcum.
This unfortunate event is not good for anyone. Not the accounting profession, not KPMG, not firms like ours that compete with KPMG on a daily basis, and certainly not for Herbalife or Skechers, the two clients involved. There are no winners here.
Let's look at KPMG first. What has happened is reminiscent of what happened to Arthur Andersen (remember them?) in 2002. KPMG is an excellent firm, with good, smart people working for them. It would be unfair to taint or punish the firm or its people for the individual acts of one rogue partner.
Busy Season Kudos Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
Busy Season Kudos
If Marcum were a retailer, the period between March 1 and April 15 would be our holiday season.
During this 46-day period, we literally need to service each and every one of our clients in some way, shape or form. Whether it's an annual financial statement, a tax return or a tax extension... for an individual or a business... a public or private entity... all of our clients need service and attention during Busy Season. Depending in which office or department a Marcum team member works, some of us start putting in 60 or more hours per week sometime in January, and that annual rev-up continues straight through mid or late April without a break, in order to meet Busy Season demand.