The latest financial planning twist for same-sex couples

Posted Leave a commentPosted in News and Politics, Tax Planning, Taxes

I try to follow developing news for my same-sex couple clients (some now married, some not) and occasionally post something that attempts to summarize or help with planning like this “Financial Planning Checklist for Unmarried Couples” that has turned out to be quite popular. Recall that in 2013 the Supreme Court ruled on a case […]

When QuickBooks is a no-brainer

Posted Leave a commentPosted in Accounting, Computers and Internet, Financial Planning, Small Business, Taxes

I ran into an old friend by chance on a Philadelphia sidewalk today. We used to see each other often but now he lives more than an hour away with his three dogs at a rural country place in beautiful upper Bucks Country. He knows that I am an accountant but we’ve never “talked business” […]

What’s new in income tax software about the Affordable Care Act

Posted 1 CommentPosted in Computers and Internet, Taxes

Tax return preparation software must be redesigned this year in response to implementation of the Affordable Care Act’s provisions that took effect in 2014. This is what’s new in most tax preparation software packages about Affordable Care Act: 1) a new Health Care tab to the Data Entry Menu with additional screens or tabs to help complete the […]

Obamacare adviser blues

Posted Leave a commentPosted in Accounting, News and Politics, Small Business, Taxes

Some of the telephone and email requests I receive for professional help with Obamacare include phrases like: My theory is … I heard that… My brother-in-law says that … I have a hard time expressing in a socially acceptable manner that as a professional. I cannot and do not have any significant regard for what […]

Should a CPA help a delinquent taxpayer? a criminal? a drug dealer?

Posted Leave a commentPosted in Accounting, Taxes, Values

A CPA posed a question online about whether he should help a person who had not filed income tax returns for years but now wants to come clean and catch up. It was surprising to me that almost all the CPAs who responded said they would not help. Many had strong logical arguments for their […]

Overview of tax related bank products for tax preparers

Posted Leave a commentPosted in Taxes

E-Collect is a fee-withholding service from EPS Financial that allows your customers to have your tax preparation fees withheld from their tax refund. E-Collect offers three different refund disbursement methods to your clients: a paper check, direct deposit, and a prepaid card, all for the lowest cost in the industry, including a no cost option. […]