Eye-opening & heart-wrenching. Some interesting results in the study discussed in this NPR story: http://www.npr.org/2012/05/01/151764534/psychology-of-fraud-why-good-people-do-bad-things.

Now what?

April 17, 2012

You have finished your 2011 taxes. Yay! Now, what documents should you save and what can you throw away. This short video from the Wall Street Journal helps you decide what to keep and how long to keep them.

Click here to watch the video.

What do your customers think of when they think of your brand? This article in Entrepreneur Magazine is a good list of goals for your branding to achieve.


Are you making any of these errors? via The Wallstreet Post
Tax laws change with alarming frequency, but some taxpayer errors are perennial. Here are 10 common filing errors that often trip up taxpayers, according to Greg Rosica, a tax partner at Ernst & Young and the firm’s lead author of the Ernst & Young Tax Guide, now in its 27th year.

“There are lots of creative people here thinking about things in a unique way and creating small businesses that then have tremendous potential within a larger business at some point.”

via The sell-out state – Oregon Business.

Business federal tax returns for the year 2011 contain two new questions. These questions appear on Forms 1120, 1120S, 1065, and 1040 Schedule C and Schedule F.  The questions are:

  1. Did you make any payments in 2011 that would require you to file Form(s) 1099?
  2. If “Yes,” did you or will you file all required Forms 1099?

It is important to accurately answer these two new questions and to file all required 1099s.  The IRS recently increased penalties for failure to file information returns and failure to furnish correct payee statements.  If you have not done so yet, we urge you to make a priority of filing your 1099 forms.

Congratulations to Dan Kosmatka, CPA, PFS, CFF, CGMA (partner) for his new certification: Chartered Global Management Accountant. The American Institute of Certified Public Accountants (AICPA) has created this designation through a joint venture with the Chartered Institute of Management Accountants
(CIMA) that collectively represents more than 550,000 accounting professionals and students around the world. Management accountants fill a critical need in business. These professionals are uniquely positioned to drive strategic business decisions that lead to maintaining and growing a business. Those holding the CGMA are trusted business strategists who can connect the dots between financial fundamentals and physical assets and a broad array of performance factors.
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