Author: Tony Novak
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The push for release of the president’s tax returns
New Jersey Congressman Bill Pascrell has taken a lead role in pushing Congress to legally obtain a copy of Trump’s tax returns as permitted under Internal Revenue Code section 6103(f). The initiative is likely to ultimately be successful since apparently a strong majority of Americans support the initiative and the Republicans blocking the disclosure are weakening in…
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The Attack on Truth
“Harvard’s motto is simple. It is just a single word: Veritas. Truth. We have seen disturbing signs that the Administration will suppress open thought and debate, silencing scientists and withdrawing their funding, attacking journalists and declaring them the “opposition party,” repeating falsehoods big and small. Truth. It is the guiding value of your alma mater;…
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A tale of two tax penalties
A small business client – a small charity – had an open wage tax penalty issue when I started working with them three years ago. I looked into it, got the amount decreased by a little bit and advised them to pay it ASAP. Then over the next two years they received two more tax penalty…
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CPA sends ultimatum to small businesses
I regret that had to send a few small business clients an ultimatum this morning over what appears to be an unwillingness to address new tougher IRS tax filing requirements. This follows after I notified clients of the new filing requirement a few months ago, offered to handle the flings, but they declined. While the business tax…
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Terrorist vs. muslim refugee
Republicans: The first photo is a real domestic terrorist. The second photo is a muslim refugee who desperately needs our assistance right now. The nation demands that you take off your political blindfold, use common sense, and learn to recognize the basic factual differences between the two. A logical person can easily apply analysis of…
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Security upgrade for WordPress hosted small business web site
This week I noticed an apparent attempted brute force attack on this web site with over 10,000 blocked log-in attempts. This caused me to question and re-evaluate my data management plan and Privacy and Security protocols. This review is for my own satisfaction only, these is no indication that any of my systems or data have…
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Why are these 23 Congressmen hiding Trump’s tax return?
Today’s news of the Republican campaign team’s many contacts with Russian government during the hacking of the presidential election combined with the news of a Russian spy ship spotted collecting intelligence off the coast of New Jersey today obviously raises many national security concerns. Congress promises to investigate. A simple starting point would be an…
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Republican attacks against labor unions
Yesterday Pennsylvania labor unions became the latest to suffer a legislative setback Labor unions are under attack. Newly elected Republican governments around the country went to work this past month to weaken the unions exactly as they announced in the campaign season. While labor unions normally support Democratic pro-labor platforms, this year many unions and their…
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My 2017-2018 economic and political forecast
“It’s still the economy, stupid” My fundamental forecasting premise is that the current federal administration’s fate and effectiveness in this divided country ultimately lies in the direction of the economy. Given the basic current macroeconomic factors: high stock market low interest rates high level of entitlements, and the low level of unemployment, I conclude that current…
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Free online tax return preparation offer
I will offer one free online tax filing service per day (subject to limitations) as a promotion of the advantages online remote professional accounting services. In this second week of February 2017 my peer accountants with brick and mortar offices were already reporting tax season work overloads. Meanwhile in my virtual online office I am now caught…