Not much to post today. Just remember if you have a corporation, you have to file the return by March 15, although you can extend that date to September 15 by filing form 7004. Today is a crazy day with Dorothy’s Dad having eye surgery. Dorothy has been trying to help me in the office but with her Dad’s medical problems and he not being able to drive, she has been pretty busy. Also last Wenesday I was a dunderhead and lost my phone, and had to go to Verizon and spend 3 hours getting a new one. So last week wasn’t as productive as I would have liked.
Brian’s Tax Musings
I saw this a few days ago – The Minnesota Society of CPAs released the 10 most outragious tax deductions proposed by clients (the guy making the jokes aside, some of these are funny, others are just sad). Just remember if you propose I try and deduct any of these, when I tell stories about clients without naming names, I will name names! I may post it online. Beware!http://www.accountingtoday.com/news/Top-10-Most-Outrageous-Tax-Deductions-57330-1.html?ET=webcpa:e1298:204199a:&st=email
Brian’s General Musings
Today I am going to talk about something I hate: accountants that feel they are selling their time and sell it in 15 minute (or 10 or 6 minute) increments. They keep timesheets and try and bill every minute of every day. They feel more productive if they can bill all their time.This absolutely drives me nuts. Not only do I have to keep track of all that time and bill somebody 1/10 of an hour because he called to confirm an appointment (don’t laugh; some actually do this and bury it in their billing schedules as part of a project) but I feel pressured to get stuff done quickly because if I don’t the client is going to complain about the bill. Plus the client may not call me when something happens in his life or business because he is afraid of getting a bill. He will wait until his next meeting to tell me (which might be too late to do something that could save taxes or avoid other problems). Accountants have become taxi drivers and the meter is always running.As my website says, I don’t charge for phone calls and don’t bill on an hourly basis. I will [...]