Well, how did the IRS do in 2014 for the 2013 tax season, with the budget cuts and the government shutdown at the end of last year. Take a look at this post in AccountingWeb by Ken Berry for more details on how last tax season went: http://www.accountingweb.com/article/does-tigta-foretell-smooth-tax-season/224038 As the article says, the Treasury Inspector General for Tax Administration (TIGTA) gave the IRS a pretty good rating for last year. On the bad side, less people were helped by the IRS by telephone and at their Taxpayer Assistance Centers, mainly because of the above mentioned budget cuts. There is still a lot of room for improvement, but no reason to think that next tax season should be any less smooth. 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
Financial Musings of a Burbank CPA: 9 Scary Things Consumers Do With Their Money
It is always interesting to see how people borrow or invest or spend their money. Some of the things can be scary. See these nine items in US News Money by Geoff Williams for what not to do: http://money.usnews.com/money/personal-finance/slideshows/9-scary-things-consumers-do-with-their-money/5 As far as these items go individually, you might be able to get away with one, just be careful about doing too many of them as it will hurt you financially over time. 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
Musings of a Burbank CPA: AICPA CEO Melancon Sees Changes Ahead for CPAs
While I don’t always see eye to eye with the American Institute of CPAs (AICPA)(I have always felt they stood up for the big CPA firms at the expense of the small ones), I like this article in Accounting Today by Sean Mccabe that talks about future evolving of the profession: http://www.accountingtoday.com/news/accounting-news/aicpa-ceo-melancon-sees-changes-ahead-for-cpas-72372-1.html As we go forward, I feel technology and changes in billing practices (which are already happening !) will take us from the hourly rate more toward value billing (see my video “Why I hate taxy drivers! on my website www.briantstonercpa.com ) which will eventually change the competition to more client friendly cooperation as we find we can’t be generalists and will have to refer some work to other CPA specialists. 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