Replacing Computer Equipment

Co-written by Kevin E. Thompson CPA and Ted Mayeshiba, MBA, Fellow, Institute of Industrial & Systems Engineers.   How do you define “business interruption”?  News reports that talk about earthquakes, hurricanes and tornados come to mind.  However, the most...

IRS Penalties Go Up as 2017 Tax Rates Go Down

Bloomberg BNA has just published its 2017 Projected Tax Rates along with a projection of tax items that have been adjusted for inflation.   That means that the cost of noncompliance will increase. The good news is that individuals and businesses can look forward...

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...