Pinterest Revealed: 5 Worthy Finds for Accounting &Tax Pros
If you haven’t heard or read about Pinterest by now, you have either been living under a rock or buried under tax returns in your office since the beginning of the year. I am guessing the latter rings true for most tax pros, so I will tell you about what you have been missing.
Pinterest is the relatively new social sharing site that mimics the old bulletin boards you remember from your childhood. Virtual bulletin “boards” can be created, and then images and videos can be “pinned”. The images will then link back to other sites. For example, a picture of a chicken casserole will link back to the originating site with a recipe. As I have explored the site personally over the last several months, pinning pictures of food and do-it-yourself ideas for at home, I have often wondered what kind of appeal it might have to tax pros.
read moreBonus Depreciation: Is It Worth It?
Earlier this year, the Congressional Research Service (CRS) released the Section 179 and Bonus Depreciation Expensing Allowances: Current Law, Legislative Proposals in the 112th Congress, and Economic Effects report written by Gary Guenther, Analyst in Public Finance. Included with a historical analysis of the effects of increased limitation on Section 179 and the advent of bonus depreciation, the report also gives a preview of initiatives by the current Congress to modify Section 179 and bonus.
As we are currently subject to a Congress polarized by self-interest, the business community has difficulty planning for any anticipated changes in Sec 179 and bonus.
read moreSpring has Sprung!
Aside from finishing your individual income taxes, looking forward to ever more beautiful weather, budding flowers and summer vacations, what does spring make you think of? Spring cleaning perhaps? OK, not as exciting as planning your summer vacations and day dreaming about laying on a beach slowly sipping a frilly umbrella drink, but spring cleaning can be fun. And, it can end up being pretty darn productive. Especially for tax professionals! Look around your office. Look around your desk. Don’t run past the files in the hallway with endless rows of file cabinets and the old offices that have been gutted to incorporate ever more rows of daunting grey file cabinets. Don’t hide those eyes.
read moreWhat is Your Idea of a Reward?
Are you feeling unrewarded, overworked and generally unappreciated? If not you, what about your team or your colleagues? If you are a CPA, you are probably still reeling from a busy tax season. If you are a corporate tax department, you may have a little breathing room before you jump back into the craziness that is the corporate provision, planning, compliance and audit cycles that occur throughout the year. Do you feel overwhelmed, underwhelmed and generally tired just thinking about it?
I was just looking through a great slide show on Accounting Today that showed the interesting things accountants were doing through busy season.
read moreWindows 8 – What’s New?
Well, my technology and tax technology lovers…I thought I’d share some of the latest and greatest on the new Windows 8 release coming out. On April 9th, Microsoft started the tease with a “consumer preview” to get folks excited. From what I understand, the latest release is an operating system that is more geared toward “mobility”. Therefore, there are a lot of key features that will allow for easier navigation based on touch-based interfaces. They are calling it a “Metro-style touch-based interface”. Hmmm…interesting product marketing. Their positioning however is that key board and mouse functionality will not wane, they will provide equivalent ease of use for their touch-based navigation as it is for their traditional methodology. Tax pros are probably breathing a sigh of relief.
read more101 Ways to Celebrate the End of Tax Season
It has been a long few months. Clients were managed. Numbers were crunched. Overtime hours were logged. Returns were filed. With the end of a busy tax season right around the corner, it is time for tax professionals to start thinking about what they want to do to celebrate. You may already know how you want to spend your time, or you may not have even thought about it.
The good news is there are a lot of options. Below are just a few of the ideas I came up with for tax professionals to consider as they make their plans.
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