General Musings of a Burbank CPA: Time for Accounting Humor!

This was a busy weekend (with some issues with my tax software and client appointments) so it is time to tell a joke I heard (accounting humor is funny): I was just out of school and was working at a firm with another accountant during tax season.  This was my first job and after working till eleven in the evening we went to get some food at a burger joint.  The next morning we both had huge stomach distress.  Not getting better the next day, we talked about it.  My buddy went to his doctor; I figured I would save some money and just use my buddy’s diagnosis and not go to the doctor at all.  When he came back, I asked him what the doctor said.  “The doctor said I had indigestion”, he said.  So I took some Tumms and went back to work.  A couple of days later I hadn’t seen my friend, so I asked our manager where he was.  “Oh he died suddenly the other day”, he said.  I panicked and went to the doctor and paid a thousand dollars (I had no insurance yet) for a bunch of tests.  While waiting for the results, I called my [...]

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Musings of a Burbank CPA: 10 Great Ideas for Accounting Firm Business Development

There are some great ideas for business development of your accounting firm out there.  See this list of ten of these ideas by Sally Glick in AccountingWeb, plus more detail on implementing them: http://www.accountingweb.com/article/10-best-ideas-accounting-firm-business-development/224436?utm_campaign=Daily+Clips&utm_source=hs_email&utm_medium=email&utm_content=16260072&_hsenc=p2ANqtz-9twSZrJ6XwHIOoT0IdWGbTs4QW4gIIpLANPvHmKZ6aRHmeCh8GxtQ946ONHgKAup0lc89ARL7qTdmvBQP725ShUpYiaQ&_hsmi=16260072 This list should shed a little more light on what has to be done to successfully get business in the door and can in the long run turn a seat of the pants process into almost a flowchart for implementation.    For financial,  accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net  Phone: 818-317-6035   Website: www.briantstonercpa.com   Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa      

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Burbank CPA Tax Musings: Does the Net Investment Income Tax Apply to You?

In case you have forgotten from last year, to help finance the Affordable Care Act a new investment tax of 3.8% was instituted on investment income if you made over a certain amount of income.  See this tip from the IRS about ways to see if you may owe this tax for the 2014 tax year: http://content.govdelivery.com/accounts/USIRS/bulletins/f36b11?reqfrom=share The income limitations are on the IRS tip.  Remember if you are over the income thresholds, the tax is calculated on the LESSER of your investment income or the amount by which you are over the threshold.  This is always fun to calculate (and even more fun to plan for) so remember to discuss this with your tax preparer (or if you do your own taxes, make sure to include it if you have enough income.)   For financial,  accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net  Phone: 818-317-6035   Website: www.briantstonercpa.com   Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa      

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