As published in the Winter Park/Maitland Observer, Thursday Jan. 3, 2012 Edition Offers... Read More »
Articles in category 'Business advice'
CPAs vs. Unenrolled, Unlicensed & Unaccountable Tax Preparers
CPA tax blogger Joe Kristan has written a rejoinder to Wandering Tax Pro Robert Flach, our favorite non-CPA, non-Enrolled Agent, non-lawyer, non-anything-that-requires-licensing-testing-and-accountability tax preparer: Robert D. Flach has put up another one of his occasional posts where he beats up on my profession: Don’t assume that because a person has the initials “CPA” after his name he…
Read Full Article Categorized in: Business advice, Individual Taxation, Regulation of Tax PreparersAdvice to Would-Be Schedule C Filers: “DON’T”
Robert Flach announces his publication of a new newsletter for sole proprietors and single-member schedule C filers entitled, aptly enough, The Schedule C Letter: THE SCHEDULE C LETTER is a bi-weekly newsletter that provides tax planning and preparation advice, information, and resources for sole proprietors and one-person LLCs who report their business activity on IRS Schedule C.¹ I have…
Read Full Article Categorized in: Business advice, C Corporations, S Corporations, Self-Employed Taxpayers, Tax TipsPeter’s Principles: How to Deal With Demon Clients
Kay Bell makes some excellent points about bad tax clients who deliver to their tax preparers shoeboxes full of coffee stained tax receipts just days before the filing deadline: Failure to provide all necessary information to your tax preparer is a major complaint from those who make their livings doing taxes and tax planning for others. Being very…
Read Full Article Categorized in: Business adviceTax Fraud, Embezzlement and Segregation of Duties
The Orlando Sentinel reports that the former CFO of Groveland Florida’s Marion Gardens Tree Farm was sentenced to 8 years imprisonment for tax evasion and four counts of mail fraud: Gary E. Williams, 59, drained the family owned farming company of at least $10.5 million over and eight year span with an elaborate scheme that has cost more…
Read Full Article Categorized in: Business advice, Tax Crimes