Editorial Commentary

/Editorial Commentary

The 4 Choices a Small Business Owner Has When Their Business is No Longer a Side Business

By | March 23rd, 2017|Categories: Editorial Commentary, Small Business Tax and Accounting|Tags: , , , |

Many of the business clients I work with are either side businesses, or side businesses that are turning into "real" businesses. I've written before about the struggle of taking a side business and turning it into something more. Today, I'm going to write about the choices a business owner has with their side business when they [...]

Can an Accountant “Save” a Struggling Business?

By | December 21st, 2016|Categories: Editorial Commentary|Tags: , |

Rarely do the “experts” define what “proactive” means, but one of the vibes I get is that our clients are these damsels in distress, wandering in the wilderness.

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What Responsibility Does a Client Have in Proactive Planning with an Accountant?

By | December 13th, 2016|Categories: Editorial Commentary|Tags: , |

Regular readers of my blog know I like to hit back at the "experts" who say accountants are doing a disservice to our clients by not being "proactive" enough.

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I Learn Something New Every Day in this Profession

By | November 15th, 2016|Categories: Editorial Commentary|Tags: |

Every day, literally every single day, I learn something new about taxes. When people wonder why it “costs so much” to have a tax return prepared, consider: it’s impossible for a preparer to know every little thing about every nook and cranny of the tax code. Sure, you’re paying the preparer to get it right, but [...]

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Why I Don’t Fear “Tax Simplification”

By | November 3rd, 2016|Categories: Editorial Commentary|Tags: , |

Now and then clients or friends will ask me if I fear various proposals to simplify the tax system, such as a nationwide sales tax. They ask if I'm afraid of becoming obsolete because of a "simplified" tax system. My answer is always "no," for several reasons.