Well June 15 is looming and it is time for the California Legislature to pass some kind of budget (again). Remember last year when they passed an unbalanced budget, GOvernor Brown vetsed it and the State Treasurer didn’t pay the legislators, who then got a court decree saying if they pass something by June 15, their pay acn’t be cut. Well time again for the show. An aritcle by Dan Walters in the Sacrament Bee discuss the shell game that happens every year at this time:http://www.sacbee.com/2012/06/08/4546994/dan-walters-what-kind-of-california.htmlI wonder what they will think up this year? Like a new round of taxes?Remember, You can count on us to count for you!
Play Money Teaches Investing Lessons
Here is something I have talked about before if you are investing, especially a new investment strategy – don’t invest real money right away; paper trade your strategy before you risk money on it. FInding pitfalls in a strategy is important. This article in the Wall Street Journal By KAREN DAMATO AND VERONICA DAGHER talks about a study done with play money:http://online.wsj.com/article/SB10001424052702304203604577394431579048676.htmlWhile I am not an investment advisor, I have always felt that knowing your strategy before risking capital is important to your long-term investment health.Remember, You can count on us to count to you!
IRS Sends Waitress $434,712 Tax Refund
Well, no one can say the IRS doesn’t take pity on people occasionally. Instead of the $754 refund a waitress was expecting, she got over $434,000! See the article in Accounting Today by Michael Cohn:http://www.accountingtoday.com/news/IRS-Mistakenly-Sends-Waitress-Tax-Refund-62835-1.html?ET=webcpa:e2572:204199a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_060412Well at least they didn’t say she owed $400,000.Remember, You can count on us to count for you!