Category: lawyer
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Concerned about the direction of professional services
We’ve decided to dumb down* the CPA exam format and simultaneously reduce formal educational requirements. I’m called stodgy for saying that the amount of new information and professional knowledge requirements for a competent CPA indicates that we should be moving in the other direction. Oregon is eliminating the requirement for new lawyers to take the…
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Legal advice by an accountant
Avoiding the unauthorized practice of law I have added this clause to all engagement agreements for clarity on making distinction on the issue of authorized and unauthorized practice of law. Legal advice Advice regarding business strategies may involve an application of general principles of business law but my services do not extend to the actual…
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Accountant with false prosecutions
Twice I’ve been convicted of crimes in the state of New Jersey based on the false testimony of police officers. The first time, 2014, I overcame the false testimony in appeals court. The second time, 2018, the court sided with the officer and I was branded with a criminal conviction. This triggers me to take…
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What to do if you didn’t get a tax cut
What if you work in “any trade or business involving the performance of services in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services, brokerage services, or any trade or business where the principal asset of such trade or business is the reputation or skill of 1 or more of…
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Introduction to tax planning for professionals
You didn’t benefit from the Tax Cuts and Jobs Act? Your business and personal income taxes are still way too high? Don’t give up. Plan a new approach to build tax free income and a secure financial future. I’ve helped dozens of business and professional clients increase the portion of their earnings that they keep…
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Tax planning checklist for attorneys
The purpose of tax planning is to reduce tax liability by taking measures that cost less than the benefits received. The tax planning process typically begins with an analysis of the taxes paid now or in the last period, then moves to a pro-forma calculation of taxes in the current and future periods. It is always…
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Addressing lawyer wellness
Lawyers in solo practice or in small firms often face high levels of stress. That stress comes from multiple sources and this dilemma isn’t easy to diagnose or address. The observed high incidence of depression – reported in more than one in four lawyers – and substance abuse are evidence of the problem. Positive forces…