Well, it looks more likely Congress will be eventually passing a bill to allow taxing of online sales. See this article in AccountingToday by Roger Russell:http://www.accountingtoday.com/news/Fair-Meddling-Taxing-Online-Sales-66502-1.htmlOur state of California has already pretty much done this, so not much effect here, but people will be paying more across the country, although based on use tax law in most states, they owe it anyway.Remember, 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
CPA Financial Musings: Mortgage experts debate the value of down payments
An interesting topic, will forcing potential homebuyers to put down a larger down payment help prevent forclosures? Will this slow down the housing market by limiting potenial buyers? See this article in The Sacramento Bee by Peter Eavis of The New York Times:http://www.sacbee.com/2013/04/25/5369770/mortgage-experts-debate-the-value.htmlMy feeling is that higher down payments may reduce forclosures and in the short-term may keep some potential buyers out of the market, but longer-term if people want to buy a house, they will save or borrow from family the down payment so the effect will be minimized. Remember, 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
CPA Tax Musings: IRS Tells Congress Tax Season Ran Smoothly after a Bumpy Start
Well, the IRS thinks tax season ran smoothly (tax preparers mostly have another story). See this article in AccountingToday by Michael Cohn:http://www.accountingtoday.com/news/IRS-Tells-Congress-Tax-Season-Ran-Smoothly-Bumpy-Start-66506-1.html?ET=webcpa:e7012:204199a:&st=emailMost preparers I know talk about work flow backups and additional extensions this tax season. I am glad it went so well for the IRS.Remember, 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