Holy Audit, Batman, On their corporate blog H & R Block was comparing Batman and Spiderman lifestyles but miscalculated Bruce Wayne’s taxes. Imagine what other mistakes they make? Here is an article (with a link to the company blog, since fixed) by Janet Novack in Forbes:http://www.forbes.com/sites/janetnovack/2012/07/15/batman-faces-dark-night-with-irs-if-he-takes-hr-blocks-tax-advice/?goback=%2Egde_90627_member_134936977Just a note to all the other superheroes out there, it could happen to you, too!Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
Ernst & Young Report Argues against Raising Taxes on High-Income Taxpayers
Ernst & Young, one of the big 4 National accounting firms, has put out a report arguing against raising income taxes on high income taxpayer because it will cost jobs (duh, since a lot of high income people are small businessmen who hire people). Here is the report in an article in Accounting Today by Michael Cohn:http://www.accountingtoday.com/news/ernst-young-report-tax-cuts-upper-income-boehner-obama-63323-1.html?ET=webcpa:e2720:204199a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_071812Higher taxes can possibly mean the difference in these employers hiring that one extra person or getting by with less employees (why don’t people see that?) Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
Well, JP Morgan Loss Now Over 5 Billion Dollars!
Remember, I said the JPMorgan Chase investing loss was going to probably be more than the 2 billion dollars they were talking about. Well year to date it is now way over 5 billion dollars! Holy pockets, Batman! They might as well drop it from helicopters (oh wait, that is the Fed’s idea; must not steal it!) Here is an article in The Los Angeles Times by Andrew Tangel that talks a little more about it:http://www.latimes.com/business/money/la-fi-mo-jpmorgan-earnings-20120713,0,4588784.storyCouldn’t get any worse, could it? Well you don’t know these guys. Oh well, it is only money.Remember, You can count on us to count for you!email bstonercpa@sbcglobal.net phone 818-317-6035