All Eyes Are on England for Royal Baby Watch
by Terri Eyden on
Update: The baby who would be king has a name. He is George Alexander Louis and will be referred to as His Royal Highness Prince George of Cambridge.
What Are the Odds? And the Tax Implications?
People love to guess and, better still, to bet on the outcome of events like a high-profile birth. In the days leading up to the birth on July 22, CBSNews reported that two bookies had "George" as the favorite boy's name for the new arrival. One bookmaker was giving 6/1 odds George would be the pick for the first name, and another was giving 10/1 odds. "Alexander" as the first name had 18/1 odds from one bookie, and 20/1 from another, but it ended up being the royal baby's middle name. The baby's third name, "Louis," would've paid 25/1 odds had it been chosen as the first name.
There's no end to the way people seek to make a little free money, and some people surely did rake in the winnings on this one. Not to be a wet blanket, but . . . just a reminder for those US gamblers who won some money on baby George – those winnings are taxable!
Update: England has a new royal! It's a boy, born at 4:24 p.m. July 22. He's third in line to the British throne, after his grandfather Prince Charles and his father, Prince William.
While we don't know the baby's name yet, we do know he's eight pounds and six ounces.
By Teresa Ambord
All eyes is right. At least the eyes of females. Employers across the United States as well as across the pond are scratching their heads wondering why nothing is getting done. But at least one British journalist said she already warned her boss she'd be updating the Daily Mail home page every half second, waiting for news of the latest royal tax deduction.
Don't fault the females too soon. Every March, US employers know ahead of time their male employees (at least mostly male) will be distracted by March Madness . . . and that runs all the way into April.
So today, it's our turn. If US employers notice production is slightly off, it may be because all female eyes (at least mostly female) are tuned to the UK news. I don't suppose business interruption insurance will kick in for that.
According to Fox News, Kate Middleton was admitted to St. Mary's Hospital early this morning, July 22. She and Prince William arrived in a private car. The new royal heir will be born in the same wing of the hospital where his/her daddy and Uncle Harry were born.
Thus far, Kate's exact due date has been a closely guarded secret, keeping interested parties on the edge of their seats. Once the future monarch is born, protocol requires that Queen Elizabeth II – the great-grandmother – will be the first to be notified.
So far, all that's known is that "things are progressing as normal," according to Sky News royal correspondent Paul Harrison, who added Kate is doing very well.
You may like these other stories...
On the path to building a successful practice, sometime we get caught up the urgency of the moment, forgetting to take the time for extended thought. Reflecting on what I've learned in observance since I began in my...
A version of this article originally appeared at Practice Development Counsel. Many professions and industries struggle with inter-generational challenges. The advertising industry is just one of those industries...
By Phyllis Weiss Haserot, President, Practice Development Counsel This post originally appeared at Practice Development Counsel. Reflection is something I do a lot of – I have for many years quite...
Upcoming CPE Webinars
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.