This tax musing takes on the question of what does it mean to ‘broaden the tax base?’ This article in Accounting Today by Michael Cohn talks a little about what this could mean:http://www.accountingtoday.com/news/broadening-tax-base-mitt-romney-63990-1.htmlWhile I don’t really care much about who wins the Presidency (I don’t feel it matters until Congress learns to work together) but I wish Romney would not just talk about changes but explain how it will be done rather than just posturing! 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 Musing: Payroll Tax Cut Is Unlikely to Survive Into Next Year
This tax musing is just to let you know that the 2% social security tax reduction Congress fought over into February of this year will probably end in 2012. For some reason we have a budget deficit (hah!) and everyone is more worried about the other big tax increases that start in 2013 and don’t much care about this. This article in the New York Times by Annie Lowrey goes into more detail:http://www.nytimes.com/2012/10/01/business/economy/payroll-tax-cut-unlikely-to-survive-into-next-year.html?_r=1Just remember; if the other tax cuts go away getting this back will be a drop in the bucket!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: Deducting Job-Hunting Expenses
In this CPA Tax Musing, there are many people still out there looking for work in the field they used to work at, which means much if not all of their job hunting expenses may qualify as an itemized deduction. See this article in Smart Money by Bill Bischoff to get more details and to find out what you can deduct and what you can’t:http://www.smartmoney.com/taxes/income/deducting-jobhunting-expenses-1348080899718/?mg=com-sm 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