Archive for February, 2012

Business tax extenders booted from payroll deal

Filed in Tax, Savings by on February 29, 2012 0 Comments
Business tax extenders booted from payroll deal

The last legislative freight train has left the station. A set of regularly extended expired business tax breaks were left on the platform. Congress did not include them in a deal passed Friday to extend the payroll tax cut, the Medicare "doc fix" and emergency unemployment benefits. Washington observers now expect that will be it for […]

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Which is best? Indinero, Xero, Outright, Sage (Peachtree) and Quickbooks (updated)

Filed in Intuit QuickBooks, Xero by on February 29, 2012 2 Comments
Which is best? Indinero, Xero, Outright, Sage (Peachtree) and Quickbooks (updated)

Which is best? The world is rapidly learning that there is no longer any contest between Indinero, Xero, Outright, Sage (Peachtree), QuickBooks and many others. The winner is Xero, for many businesses. Xero' growth rate proves it. Here are documented increases in Xero paying customers:      Paying    Customer Customer     Customers  Users  Increase  Annual%           […]

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IRS Drops Credit Card Requirement

Filed in Tax, Savings by on February 28, 2012 0 Comments
IRS Drops Credit Card Requirement

I wish IRS drops credit card requirement was about credit card companies not sending 1099K forms. These Obamacare forms show how much businesses get in credit card sales. Even the IRS Taxpayer Advocate testified that IRS will not be able to properly use the data from these forms. To easily make them worthless, you simply […]

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Taxes Have Nothing to do With Logic

Filed in Tax, Savings by on February 21, 2012 0 Comments
Taxes Have Nothing to do With Logic

Would it surprise you to learn that taxes have nothing to do with logic? Taxes have nothing to do with logic. Many laws have little to do with logic, but taxes are often completely devoid of it. I can cite hundreds of case where taxes have nothing to do with logic. My favorite involves a fictional […]

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Stop Wasting Deductions

Filed in Tax, Savings by on February 21, 2012 0 Comments
Stop Wasting Deductions

I try very hard to stop wasting deductions. It hurts me to see clients pay more tax than the legal minimum. Many CPAs know the same ways to stop wasting deductions, but seem to ignore them. This often relates to only doing one tax return at a time. That is what many CPAs do, especially in […]

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IRS Small Business Attacks

Filed in Accounting, Business, Politics, Tax, Savings by on February 20, 2012 0 Comments
IRS Small Business Attacks

An IRS study shows it is planning many serious small business attacks. These IRS small business attacks are in a study of the tax gap (supposed uncollected taxes). This gap increased from $345 billion in 2001 to $450 billion in 2006. IRS says 83% of it is due to to underreporting (understating income and overstating […]

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Atomic Transistor

Filed in Science by on February 20, 2012 0 Comments
Atomic Transistor

A perfect atomic transistor now uses one phosphorus atom on a silicon crystal. Researchers made prior single-atom transistors  by chance, by searching through many devices or isolating one atom in multi-atom devices. This atomic transistor even has tiny etched markers for metal contacts. A scanning tunneling microscope (STM), patented in 1980, let this team create the […]

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Stop Internal Revenue Assessments Against Employees (Contractors)

Filed in Tax, Savings by on February 12, 2012 0 Comments
Stop Internal Revenue Assessments Against Employees (Contractors)

Do you sign business checks? Do you do it for a company that may not pay withheld payroll or sales taxes? You can easily stop Internal Revenue assessments against many employees or contractors who do this. If any check signer, or director of check signers, pays other obligations (instead of withheld payroll or sales taxes), […]

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Once in 25 Years (again and again)

Filed in Science by on February 12, 2012 0 Comments
Once in 25 Years (again and again)

I wrote about a once in 25 years program, from Marc Andreessen, a few days ago. Marc invented the web browser in 1993. That let hundreds of millions use the web. His new "once in 25 years" program lets network administrators add additional servers to networks, using software alone, so they can adjust network speed and […]

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Xero Wins 2012 Top New Product Award, Automatic Free Accounting

Filed in Xero by on February 11, 2012 0 Comments
Xero Wins 2012 Top New Product Award, Automatic Free Accounting

I recently saw that Xero Wins a 2012 top new product award. Xero has automatic free accounting, compared to the cost of QuickBooks on a remote server. That is, Xero costs much less ($32 a month) than QuickBooks on a remote Windows Terminal Server or Citrix ($58, plus the cost of manual accounting). Despite this, Xero […]

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