Don't Worry. Be Happy. Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
Don't Worry. Be Happy.
Don't worry. Be happy. That's an order. OK, it's not so much an order as a prescription. You know, mind over matter and all that. If you think happy thoughts, you're more likely to have a happy life. By the same token, if you think positive thoughts, you're likely to experience positive health. At least, that's what Harvard University is theorizing.
Last week the Harvard School of Public Health announced that it is investing $21 million (for starters) in a happiness center. Their goal is to promote "positive psychological wellbeing." In other words, they are setting out to determine whether you can think your way to good health. The notion relates to the idea of trying to prevent people from developing risk factors for disease in the first place.
In the Know Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
In the Know
Some New Yorkers were born in Brooklyn and moved to Vermont. Some were born in Chicago and moved here. And others were born here and stayed put. Some were born into inherited wealth. Some earned their fortunes, and some pay the mortgage with their bootstraps. But no matter what, a real New Yorker knows certain things that no one else knows. Trust me. I know.
1. Real New Yorkers know how to hail a cab. (OK, for you faithful readers who remember how I've waxed poetic about Uber in the past: I do love the genius behind the technology. Don't hold it against me).
A Funny Thing Happened on the Way to Tax Day Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
A Funny Thing Happened on the Way to Tax Day
Today is April 15, our customary Tax Day here in the U.S. This year, however, the IRS deadline for filing our tax returns is pushed to next Monday, April 18 (creating 3 extra days of pre-tax filing work days), thanks to Emancipation Day, which celebrates the freeing of slaves (you've got to appreciate the irony of the timing). Emancipation Day is a work holiday for public employees in Washington, D.C., but not for those of us preparing tax returns. Since it falls on April 16 this year (a Saturday), government offices in Washington are closed today instead. Hence, Tax Day is postponed.
The government may be closed (can anyone tell the difference if they're opened or closed?), but this column is open for business. And lest you think you are completely off the hook for your usual April 15 dose of accounting, I am dedicating today's column to a little (very little) CPA humor (no, that is not an oxymoron).
The Tax Man Cometh Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
The Tax Man Cometh
It's been quite a week in the world of global finance. First, the "Panama Papers" exposed a virtual underground network of tax shelters set up by one Panamanian law firm to shield the assets of world leaders and other super-well-heeled individuals. I had actually thought about opening a bank account in Panama until I found out what the US ATM charges would be for cash withdrawals. Talk about problems! And then the U.S. Treasury issued new rules to put U.S. corporations out of the international tax inversion business. It's not easy being rich these days (just ask the 1% of the 1%), or at least, it's not easy keeping your riches safe from prying eyes and government fingers. Look at David Gunnlaugsson, who was prime minister of Iceland until Tuesday, when it was revealed that he and his wife tucked away a fortune in the British Virgin Islands and lied about it. By the way, how do you make a fortune (legally) being a prime minister? No one will be surprised if he is just the first to lose his privileged office under the delusion that he is somehow above his country's tax laws.
More than 200,000 companies and 14 thousand offshore clients of Mossack Fonseca, the law firm in question, were exposed by the leak, ranging from an African diamond mogul to "close associates" of Russian President Vladimir Putin to a bunch of South American soccer stars. I bet there are a lot of nervous people around the world about now.
Same Time, Same Place Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
Same Time, Same Place
Three-and-a-half years ago, when I first started writing this blog, I thought it would be a great platform to give people inside and outside of Marcum a small window into what makes our Firm's managing partner tick. Since we have so many clients and offices disbursed around the country, I don't get to meet as many people in person as I would like, and my thinking was that a regular weekly column would be a way to connect with more people.
I have to say, it's been a great ride. I have written approximately 140 posts since the column debuted on January 4, 2013. I have covered a whole host of subjects - sports (2/25/13), politics (11/7/14), terrorism (1/16/15), cybersecurity (2/20/15), wellness (1/15/16) and family (way too many to mention), and that's just a small sampling. The world has been my oyster, and I have thoroughly enjoyed the exercise of prying it open for these weekly ruminations.