Another Peachtree tip for year-end accounting
When moving to the beginning of your tax year in Peachtree Accounting, be sure to adjust for the new state unemployment rate. This will insure the accuracy of Peachtree’s calculation of the amount you’ll pay at the end of the first quarter.
Read MoreHow to safely close the year in Peachtree Accounting
For our clients using Peachtree Accounting: If you own one of the Premium versions of Peachtree Accounting, you’ll get the following screen during the year-end close at period 24. By checking the Archive Company box, you’ll cause the system to create an extra company and preserve the ability to view all reports of prior…
Read MoreThis group fails their audit 92% of the time.
One way to determine the power of any organization is to take a look at their numbers. Without commenting on the good accomplished or the harm done, one has to grant the Unions are powerful forces in the social and political structure of America. Need some proof? Here are some convincing stats. Take special notice…
Read MoreThe worst state(s) to die in. . .
For estate tax purposes, there are some terrible states to die in this coming year (2013). Hover over the selected states in the map below and you’ll see what we mean.
Read MoreCustomer no-service from IRS gets even worse!
As if things weren’t bad enough, now the less-than-sterling level of IRS service just got worse. It’s not just my opinion, check out this eye-opening article from “Forbes.” IRS Gone Bad: Are Things About to Get Even Worse? The details aren’t all that important. Basically, I called the IRS to discuss a client’s tax…
Read MoreSpecial Tax Deductions for Special Education via the WSJ
This Wall Street Journal Article contains a good overview of the tax breaks available for special education costs. “More than six million children in the U.S. fall into the “special needs” category, and their ranks are expanding. The number of those affected by one developmental disability alone—autism—grew more than 70% between 2005 and 2010. The…
Read MoreWhy annuities may not be a good fit for senior citizens
This article highlights difficulties that some senior citizens have had with annuities. Arizona seniors lost millions in annuity fees, lawsuits say Lawsuits highlight risks for elderly of investment choices by Robert Anglen – Nov. 7, 2011 12:00 AM-The Arizona Republic Hundreds of Arizona senior citizens cashed in their retirement investments and paid millions of dollars in unnecessary fees,…
Read MoreWhen you do the math. . .
. . .You find the best argument you could ever desire for Federal term limits.
Read MoreThe one place that you should never borrow money from
Here’s some good advice from the iowabiz.com site about the worst place to borrow money. [The 2% IRS penalty referred to below is equal to an APR of about 25% on a 30 day loan!] by Joe KristanDecember 1, 2011 Every entrepreneur struggling to stave off hungry creditors has probably taken a wistful look…
Read More40 million dollars for a few less IRS agents? What a deal!
The problem is that it’s a deal for the government employees and not the taxpayers. An IRS early buyout program of up to $25,000 per individual will be offered to 5,400 employees with plans to accept about 1,600 individuals. Some may debate that fewer agents are worth the price tag, but I wonder if…
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