Thinking about changing accountants?

Posted Leave a commentPosted in Accounting, Financial Planning, Tax Planning

The decision to change accountants often comes as the result of pain experienced. It is important to explore this experience so that we can learn from it and make improvements for the future. Author Rob Nixon suggests that we ask the following questions and then find a way to turn the negative comments into positives in […]

I cancelled pre-election tax planning offers

Posted Leave a commentPosted in Accounting, Tax Planning, Taxes

Tax planning has always been a larger part of my practice than tax return preparation. That means that this is my busy season. I offered a number of fixed fee tax consultations under assumptions that the 2017 tax code will be basically the same as this current year. Now that seems unlikely. There are suddenly hundreds […]

Pennsylvania charity registration and audit requirements

Posted Leave a commentPosted in nonprofit

The requirement of a Pennsylvania charity to register and submit an CPA attestation depends on a number of factors including the amount of “receipts”, “contributions” or “solicitations”. All three of these terms are used in the applicable code sections. Today I received email confirmation from the Pennsylvania Department of Revenue that, for this purpose, “receipts”, “contributions” […]

How to invite me to view your QuickBooks Online accounts

Posted Leave a commentPosted in Accounting, QuckBooks

Log into QuickBooks Online as either the Master Administrator or Company Administrator. Click on the gear icon, located in the top-right corner. Within the Your Company section, click Manage Users. From within the Manage Users page, click the Invite Accountant button. In the mini interview that appears, enter email address into the Accountant’s email […]

It could get worse

Posted Leave a commentPosted in News and Politics

Please America – regardless of your beliefs or political affiliations – let’s agree that Stephen Bannon has published more hateful, divisive, racist, antisemitic and otherwise controversial material than any other person* in national headlines in recent years. *Except perhaps, as my friend suggests, Alex Jones. But fortunately Jones is not expected to be working in the […]

I am the storm

Posted Leave a commentPosted in Leadership, News and Politics

The devil whispered in my ear, ‘You are not strong enough to withstand the storm.’ Today I whispered in the devil’s ear, ‘I am the storm.’ I am fascinated with this verse that does not appear to have any known origin but has enjoyed enormous online popularity over the past six months, now entering an explosion of […]

Who pays more, who pays less under 2017 tax reforms

Posted Leave a commentPosted in self-employed, Tax Planning

Federal income tax changes are likely in early 2017 under a new Republican-led government. While we do not know all the details yet, it seems that we can formulate a few basic trends common to the Trump and Ryan tax reform plans. There is a strong reason to believe that the following tax reform proposals […]

My potential windfall from the Trump health care reform plan

Posted Leave a commentPosted in Affordable Care Act, government, Health Insurance

Trump’s health care reform plans turn out to offer potential career windfall for me. I haven’t considered it in any detail because the election came as such a surprise. In fact, I haven’t even seriously considered the details or impact of the proposed Repeal and Replace Obamacare Act. This blog post simply summarizes the first […]

America’s values are not my values

Posted Leave a commentPosted in Leadership, News and Politics, Values

On September 11, 2001, I was shocked to learn how some people’s values could be expressed so violently even within our own country. The event changed my view of the world but did not change my core values. Back then I felt that the majority of Americans shared my core values as we collectively denied the haters their […]