The Future of CPA’s and Why Mark Cuban is Wrong

Mark Cuban remarked that he wouldn’t want to be a CPA right now because advances in technology mean it isn’t a profession that will be valid in the future.  One CPA had the opportunity to confront Mr. Cuban when he happened to be in her office building one day. Kevin...

Bitcoin User Data Being Sought by IRS

The IRS is looking for user data from Bitcoin customers causing tensions in regards to compliance and privacy. The agency has requested that Coinbase turn over records on users who have completed transactions between 2013 – 2015.   Kevin E. Thompson CPA says “I...

Retirement May Not all it’s Cracked Up to Be

Retirement isn’t for everyone. It turns out many retirees aren’t satisfied with the way it’s been going for them. The Employee Benefit Research Institute did a study between 1998 and 2012. They interviewed the same 20,000 retirees every 2 years. Here is what they...

Do it Yourself Tax Software Can Be Messy

Many taxpayers use “do it yourself” tax software to file their income tax returns. However, a fair amount makes a mess of it and pay the price when they make mistakes. It’s not unusual for tax preparers to receive calls from clients asking them to fix their messed up...