Jeff Bezos Dethrones Bill Gates As World’s Richest Man

Jeff Bezos temporarily dethroned Bill Gates as the world’s richest man, but with much of his stock tied up in business dealings it was a temporary win, with the battle now on for the title!

“The vast majority of the Bezos fortune is tied up in Amazon stock, of which the CEO owns nearly 17%. That stake alone is worth $83 billion, meaning Bezos could just as quickly lose his new title as the world’s richest man should Amazon’s stock decline, or Microsoft’s value rise…” [ Read more here ]

IRS Lays Off Floyd Mayweather Following Reported Pay Off

mayweather tax battle with irs It seems the numbers surrounding the Floyd Mayweather vs IRS situation is getting murkier, as the IRS is being forced to lay off the boxer following a big chunk of cash he paid out… “A new report says that Floyd Mayweather’s $3.3 Mill tax lien has been released by the IRS, even though he appears to still owe the IRS a whopping $29 million. If true, it might make you wonder why the IRS often pushes so relentlessly to collect, but seems to ease off in some cases…” [ Read more here ]

Don’t Get Wrapped Up In Federal Payroll Tax Troubles

Your personal taxes can be daunting enough of a task… but if you’re on the books for payroll taxes to your employee’s the IRS will likely be keeping a watchful eye over your activities…

“Payroll taxes are withheld from wages and are to be promptly paid to the government. This is trust fund money that belongs to the government, and no matter how good a reason the employer has for using the money for something else, the IRS is strict…” [ Read more here ]

A CEO’s Tips For Better Networking Skills

So you’re off on your new adventure with an idea that could change your market, but in order to fully flesh out your amazing idea, you’ll have to get together with other professionals and industry experts to maximize your business. The Wall Street Journal has some great tips for a CEO to make the most of their networking game…

Leave Your Accounting To The Experts At Sterling!

Let Sterling Accounting take over your office needs, so you can put that time into focusing to grow your business! From bookkeeping, to payroll and tax filing, don’t get caught up in time killing activities around the office.

And follow Sterling Accounting on Facebook today for the latest news and updates!

 

Accounting Changes Pose Need For Changes At Netflix

netflix original content causes need for accounting changes - sterling accounting Netflix’s path into the original content game may be posing the need for some accounting changes due to recent changes in regulations with the FASB…

“That’s because of a new rule issued by the Financial Accounting Standards Board in 2014, that changes standards for how companies recognize revenue. Companies have until January 2018 to implement the new revenue standards…” [ Read more here ]

Internal Revenue Service Targeting Rapper DMX

With accusations that he owes the Internal Revenue Service, rapper DMX has declared his innocence over owing $1.7 million. “The rapper, 46, pleaded not guilty Friday in federal court in New York to 14 charges related to tax fraud. He was to be released after posting $500,000 bond…” [ Read more here ]

Try Not To Follow Floyd Mayweather’s Tax Strategy…

Reports from  Law 360 are putting Floyd Mayweather’s tax strategy to shame, showing the boxer is in the process of paying down some big debts…

“Despite making $700 million during his career, Mayweather has asked for “a short-term installment agreement of under three months” to pay an amount that the Associated Press has pegged at $22,238,255. Reporter Oskar Garcia even posted the Internal Revenue Service lien against Mayweather on Twitter for context…” [ Read more here ]

Manage Your Real Estate Offerings With Sterling Accounting

Is your real estate property management eating up your entire day? Delegate the hard work to Sterling Accounting, and open your time to new ventures. Rumors were flying this weekend of Amazon’s ambitions to get into the real estate game, but it seems they were just that…

Various websites spotted an Amazon web page, later taken down, that they described as a placeholder page for a future offering of “hire a realtor” services.

The reports coincided with — or perhaps sparked — a nearly 4 percent plunge in Zillow’s stock price early Wednesday to $44.42.