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Archive for March, 2010

I’m on my Own” is the New “I’m with Big Blue”. Where Are We Today?

Posted on Mar 07, 2010 in Uncategorized No Comments »

Thirty years ago, we were in an environment with historically high inflation, interest, and tax rates. (The top individual Federal tax bracket was 70%).  Today the opposite holds true. We have historically low inflation, interest, and tax rates (the top individual Federal tax bracket is 35%). Yes, both “supply-sider” and “Keynesian” economic theories have proved [...]

Receipts Really Necessary?

Posted on Mar 07, 2010 in Uncategorized No Comments »

Question: If I don’t have receipts what is your recommendation on deducting or not? Answer: Fair and reasonable estimates based on actual events and transactions are permitted as long as a lack of receipts is not habitual. Please note that credit card and debit card transactions listed on monthly bank and credit card statements can [...]

Which is better – Turbo Cash or QuickBooks?

Posted on Mar 01, 2010 in Uncategorized No Comments »

Question: Do you have knowledge of Turbo Cash as we are thinking of converting QuickBooks over to this software? Answer: I haven’t heard of this particular product.  Five or ten years ago I often recommended to clients a varied of accounting software product options.  Today, Intuit’s QuickBooks is to small business accounting software what Microsoft’s [...]