So it looks like people made less because of tax increases but felt better about the economy and spent more. See this article in The New York Times for details:http://www.nytimes.com/2013/03/02/business/economy/americans-spend-more-and-make-less-data-shows.html?_r=0Well since consumer spending usually drives the economy, I guess we have a self-fulfilling prophesy here.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 Plans to Enable Remaining Tax Forms to Be Filed
At last! No more complaints from clients about why their returns haven’t been filed. See this article from AccountingToday by Michael Cohn about the IRS planning to allow processing of the following forms the week of March 3:http://www.accountingtoday.com/news/IRS-Plans-Enable-Remaining-Tax-Forms-Filed-65863-1.html?ET=webcpa:e6755:204199a:&st=emailI did notice that in one place it says ‘most’, I hope that means all. We will see when the IRS gives software manufacturers the advisory next week.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: Government credits make working pay off
Do you get more benefit from not working or working a minimum wage job? There are arguments to both sides (scary huh?) This article in SFGate by Kathleen Pender tends to say the working pays off because of tax credits like the Earned Income Credit and Child Credit:http://www.sfgate.com/business/networth/article/Government-credits-make-working-pay-off-4307848.phpThose credits can turn a minimum wage job much more profitable.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