With a lot of people’s unemployment running out at year end, what will make the holiday season special? How about a New Year’s present of a tax increase? Bet that wasn’t on Santa’s list, was it? Read the article below:http://www.latimes.com/news/nationworld/nation/la-na-congress-next-20111122,0,6053596.storyLooks like we will need more bipartisian support to get something done – like the Supercommittee (oh yeah, scratch that). Well, I will keep you posted on what happens.
Brian’s Financial Musings
Are you going to spend over $700 during the holidays. The makes you about average according to this article by the San Diego Union. This is an estimate by the National Retail Federaltion. See the article here:http://www.signonsandiego.com/news/2011/nov/10/whats-your-2011-holiday-budget/The more you spend the more you helo the economy. You don’t want to put the country in recession, so go buy that smart phone or HD television!
Brian’s Tax Musings
All of you businesses out there! There is a new scam going around. The California Labor Compliance Bureau is sending official looking notices asking for money. See the artical attached:http://jan.ocregister.com/2011/11/15/calif-businesses-warned-of-scam/73923/If you get any wierd norices like this give me a call at 818-333-5095 or email me at bstonercpa@sbcglobal.net