This title will probably cause a stink, but I hate taxi drivers (not them personally or their driving ability – so far I haven’t gotten in an accident with them) and the way they charge – the meter starts running when you get in the cab. This may be fine for the taxi business but I don’t think it fits in an accounting and tax practice. I frequently hear from other CPAs that “we are selling our time” and I respectfully disagree. We are providing services and we have a pretty good idea of what a fair fee for that service is. When you bill on an hourly basis the client doesn’t know how much he will have to pay, so he is not happy. Also an open ended bill has the stigma of a ‘padded’ bill, which also makes clients unhappy. An unhappy client will complain and not refer his friends, business associates or family to you. So I always try to break an engagement into a series of projects, then quote a flat fee for that project based on my experience in providing that service. The client knows in advance what they are paying and I know what I [...]
Congressional Tax Committee Heads Plan Road Show Tour for Tax Reform
So Congress plans to take tax reform on the road. See the details in this AccountingToday report by Michael Cohn:http://www.accountingtoday.com/news/Congressional-Tax-Committee-Heads-Plan-Road-Show-Tour-Tax-Reform-67305-1.htmlI just hope this road show doesn’t turn into a “dog and pony show” for us taxpayers. 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
Gas tax rises 10 percent
Well guess what? The California gas tax increased 3.5 cents a gallon on Monday, July 1. Good news for California, not the consumer. See the details in UTSanDiego.com by Jonathan Horn:http://www.utsandiego.com/news/2013/jun/27/california-gas-tax-prices-increase-fuel/Well, with the heat wave this week in Southern California, not as many people will be on the road, so fewer will buy gas.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