Collapse of the democratic rulemaking process

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

Never in our lifetime has the will of the people mattered less than this month. We know that over 75% of Americans oppose the tax bill being pushed by a small group of Republican oligarchs. Today the federal government repealed net neutrality rules that, as far as we can tell, is an action opposed by […]

The Paperless Office

Posted Leave a commentPosted in Accounting, Computers and Internet, Data Management, Security, Small Business

I began the move toward a paperless office more than 20 years ago. Back then I operated a 5 person inter-discipline office with technology dominated by cables running from one machine to another. I was the the firm owner as well as the ‘technology guy’ by virtue of my early adoption of PC technologies1. By […]

Respect for law / December 12, 2017

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

“I submit that an individual who breaks a law that conscience tells him is unjust, and who willingly accepts the penalty of imprisonment in order to arouse the conscience of the community over its injustice, is in reality expressing the highest respect for law.” – this excerpt from Martin Luther King’s letter from Birmingham jail […]

Facebook Live: “30 Minutes to Faster, Easier, Cheaper Small Business Accounting”

Posted Leave a commentPosted in Accounting, self-employed, Small Business, Tax Planning, Taxes

Look for online announcements of upcoming presentations. I will be hosting a series of free, short, fast-paced online programs for small business owners, self-employed folks and part-time freelancers. The intent is to help us prepare to save time and money on tax accounting in 2018. It will be Facebook Live presentation with the ability to […]

Qualified Small Employer Health Reimbursement Arrangements for 2018

Posted Leave a commentPosted in Uncategorized

Last month the Internal Revenue Service released 59 page Notice 2017-67  which provides guidance on Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs).  QSEHRAs were first established as part of the 21st Century Cures Act enacted in late 2016 for effective for 2017 small business health plans.  This new type employer reimbursement plan offered a new option […]

Tax preparers consider expanding small business services

Posted Leave a commentPosted in Accounting, Small Business, Taxes

Now more than ever before, tax preparers are considering expanding their practice into small business services. We expect the number of self-employed people will continue to rise. They require assistance with a wider range of business support services than traditional individual tax clients. The market for these services is evolving at a rapid pace. Integrated […]

Graduate students outraged by tax change

Posted Leave a commentPosted in education, Employee Benefits, Taxes

The tax reform process has triggered uncertainly and angst while final negotiations are worked out. Many groups, including graduate students, have good reason to be concerned. The proposals that passed by Republicans in both the House and Senate change the tax treatment of employer-provided educational benefits. Scholarships that are now tax-free for employees would be […]

Want to pay less tax? Start with a review of your last return

Posted Leave a commentPosted in IRS, Small Business, Tax Planning

Effective tax reduction strategies start with a review of you last filed tax return. There are at least three types of tax return reviews: 1) a high level review “Does it make sense given the facts?”, 2) a micro-level review “Did I miss anything or transpose any digits?”. and 3) a tax planning review (How […]

Small business action plan to profit from tax reform

Posted Leave a commentPosted in Contracting, nonprofit, Remodeling, Small Business, Tax Planning

We can now begin to make a reasonable forecast of the eventual form of U.S. tax law and, even with the list of uncertain issues, ask what it means to each of us. For me and my small business practice, this is how it plays out: Winners Tax and business advisers Rental real estate owners […]

Two theories of government

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

“There are two ideas of government. There are those who believe that if you will only legislate to make the well-to-do prosperous their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous their prosperity will find its way up through every class […]