Young children believe in fairy tales like the tooth fairy. Despite having no direct evidence of the tooth fairy’s existence, they believe what other children and adults tell them. They are told the false logic that the result they see (money under their pillow) is proof that the tooth fairy exists. We don’t fault young […]
By all accounts, we are not yet halfway through the worst of the COVID pandemic as we soon enter the cold weather season. The most basic point of what we now know is that it spreads easily through the air with prolonged contact. Even indoor ventilation systems pose a significant spread risk. We also know […]
Donald Trump’s tax problems are obviously of great public interest. This post summarizes the three largest issues as widely reported in popular media1 : 1) IRS audit on partnership losses – The federal government’s tax auditors at the Internal Revenue Service disagree with a tax position taken by Trump that could reportedly increase his income […]
Questions about the leaked reports from the Financial Crimes Enforcement Unit (FinCEN): All parties acknowledge this disclosure places the employees of financial institutions in danger. How badly is this going to deter anyone in the financial industry from complying with the law going forward? If employees in these institutions were following the law in reporting […]
Yesterday the New Jersey Chamber of Commerce sponsored a discussion program with government policy experts from the U.S. Chamber of Commerce titled “What’s going on in D.C. and how it affects your business?”. If you own a small business in New Jersey (like me) the basic question is likely ‘How bad will it be?’ This […]
The hottest topic in tax planning right now is the protection of right to claim a refund for 2016. It’s likely a hot of hot air about nothing. Beginning on 2016 wealthy people paid additional taxes mandated by the Affordable Care Act. If the Affordable Care Act is deemed unconstitutional, then theoretically the taxes it […]
I am pleased to work with a wide range of nonprofit organization managers 1. This includes the executives of churches, synagogues, environmental groups, professional and trade associations. One thing that almost all share is a focus on outreach and recruitment. It’s a core theme for most nonprofits, and I think it is fair to say […]
I serve as accountant or treasurer to several nonprofit organizations focused on education and registration of voters. We are more concerned about voter suppression and voter disenfranchisement now than in any earlier time in our lives. That’s why this excerpt published yesterday by writer Heather Cox Wilkinson jumped out at me. “Basketball superstar LeBron James […]
This past week the U.S. House of Representatives passed the HEROS Act that includes: – Money for city and state governments struggling to provide public services with the collapse in tax revenue– Hazard pay for front line workers– Virus testing, tracing and treatment– Second round of direct payments to citizens make up for lost income– […]
There’s a huge battle brewing right now over our rights to privacy. It is widely agreed that the most effective tool to control the current and future pandemics is tracking software, easily installed on our phones. Some countries are moving ahead with the requirement to use this technology.The U.S. is likely to take eventually adopt […]