Ok, we are going to go over this again. Apparently Millenials still don’t know enough about money, investing, insurance – just general financial literacy – for their own good. See this posting in USA Today by Eric McWhinnie, Wall St. Cheat Sheet for more details: http://www.usatoday.com/story/money/business/2014/08/10/wall-st-cheat-sheet-teach-kids-money/13773825/ Your kids need to have the basic foundation in finance to be able to grow wealth, allocate wealth and budget to add to wealth (how else are they going to be able to take care of you in your old age? You don’t want them living at home forever, do you?) 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: Can Software Really Replace Accountants?
Can accounting software replace accountants? Apparently with cloud computing and other new breakthroughs things may be heading in that direction. See this article in AccountingWeb by Jonathan Poston for more details: http://www.accountingweb.com/article/can-software-really-replace-accountants/223669 Just remember that these software packages may replace some of the gruntwork of accounting, but like TurboTax and tax knowledge, you need some accounting or bookkeeping knowledge to make sure everything is right, so you should get an accountant or bookkeeper to review things a couple times a year, just like you need a tax preparer to oversee your tax returns. 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: Real estate taxes soar along with home prices
This article is mainly focused on California taxes related to real estate, including property, transfer and capital gains taxes, but it is a good list of items to check into across the country before buying or selling a home. Kathleen Pender, writing in SFGate, gives you the details: http://www.sfgate.com/business/networth/article/Real-estate-taxes-soar-along-with-home-prices-5673040.php Some of the taxes here are paid by the seller of the real estate and some by the buyer, but you always need to be aware of them so you don’t get surpised. 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