This article in the Los Angeles Times by Walter Hamilton doesn’t really tell how long we will wait for our tax refunds, just that the IRS is taking a much longer time than normal because of the fiscal cliff:http://www.latimes.com/business/money/la-fi-mo-irs-delays-tax-refunds-fiscal-cliff-20130208,0,6901725.storySo how long? Well let’s see – last year was 1 to 2 weeks for your federal tax direct deposit with efiling; about 2 weeks longer for direct deposit with paper filing, and an ungodly amount of time for paper filing without direct deposit. This year I guess it is just an ungodly amount of time all the way around?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: Dell’s Buy-out: Heading for the Exit
Here is something that hasn’t been talked about much recently; a leveraged buyout of a big public company to take it private. Dell has plans on the books to do just that right now. Its founder is on board and it has support and financing from Microsoft and Silver Lake, a private equity firm. See this article in CFO (from the Economist) for more details on this deal:http://www3.cfo.com/article/2013/2/capital-markets_dell-microsoft-lbo-the-cloud-silver-lake-seagate-technology-google-motorolaThis could mean that companies with large backers might try to take themselves private in the future. Well, we will see what develops. 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: A Taxing Issue Worth Addressing
This article in Accounting Today by Charlie Egerton is giving it the old college try to revise the tax code – siting the 100th Anniversary of the 16th amendment allowing Congress to levy an income tax (a heinus crime to some, an employment incentive to others like tax preparers):http://www.accountingtoday.com/news/Taxing-Issue-Worth-Addressing-65602-1.htmlAs to whether the code will be revised as this article pleads for, I only have the old Starkist Tuna commercial to go back on: “Sorry Charlie!”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