Musings of a Burbank CPA: CPAs Say Security is Their No. 1 Technology-Related Priority

This survey of over 3,300 accounting professionals begs the question of  the number one technology concern today.  You can see more information at the link below in AccountingWeb by Jason Bramwell: http://www.accountingweb.com/article/cpas-say-security-their-no-1-technology-related-priority/224630?utm_campaign=Daily+Clips&utm_source=hs_email&utm_medium=email&utm_content=17234539&_hsenc=p2ANqtz-9g0ZudbL2ST7zmq-nBqV5_Kj172khOxe6nDJ2xl_YKuUpup9zKqDEBrMZqFITEVHrUfORXNLZlDeDEzoQ8sacHajSY5A&_hsmi=17234539 A majority of professionals believe they have secured their systems adequately.  Obviously in the field of accounting and taxes, internet and data security are very important to clients as well as the professionals.  With all the identity theft problems happening recently, this is definitely a valid concern.    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   Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa          

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Burbank CPA Tax Musings: The 4 Kinds of Clients You Need to Fire: A Primer for Accountants

There are many types of tax clients who can be more trouble than they are worth.  If you are a tax preparer, you should seriously take a look at your client list and see if you have any of these types of client; if you are a client of a tax preparer you should be aware that if you exhibit this type of behavior you could be a pain.  See the article by Terry Sheridan in Accounting Web for the details: http://www.accountingweb.com/article/4-kinds-clients-you-need-fire-primer-accountants/224334 This should clear the air on this issue and allow both sides to work together better (or go their own ways!)    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 Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa    

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Musings of a Burbank CPA: How Understanding Assets vs. Expenses Can Make You Rich

  Assets and expenses both have a “debit” balance on the financial statements, but that’s where their similarities end.  Spending on one can make you rich and spending too much on the other can leave you broke.   An expense is money you may need to spend, but after a year, there is nothing lasting to show for it.  An asset is a tangible resource that is still worth something after a year or more and that belongs to you or your business.  The best assets grow in value over time, but some lose their value too.  Real estate typically goes up in value, while a car loses value, or depreciates heavily, in its first few years.   The best example of an asset versus an expense is spending on a mortgage versus rent.  When you pay a mortgage, you own more of the property than you did last month.  One day, you can sell your ownership in the property and get cash or another asset in trade.  When you pay rent, there’s nothing left at the end of the month.  There’s no accumulated value.   Generally speaking, spending on an asset builds or at least better preserves your wealth.  Spending on an [...]

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