by Gail Kinsella
My apologies, in advance, to the gentlemen. May is all about the ladies. Moms in particular. This month, we celebrate Mother’s day, we plant gardens for our mothers and as mothers we spend hours watching baseball, lacrosse, soccer, tennis and dance recitals. Many times we juggle caring for a young or growing family and an aging parent. Nearly 75% of caretakers of elderly family members are women. Who has time to think about anything beyond tomorrow’s schedule?
Let me remind you that...
Accountability: Your Accountant is Your Business Partner
April 1st, 2008
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by Gail Kinsella
So you have a Certified Public Accountant you work with. But what kind of relationship do you have? And even more importantly, what kind of relationship should you have?
No doubt your CPA is preparing income tax filings for you. Perhaps you have also engaged them to prepare or review payroll or sales tax returns. And maybe they handle the financial statements for those of you whose financing arrangements carry a reporting requirement.
While timely filing of tax reports and compilation...
Economic Stimulus Act’s Impact on Individuals and Businesses
March 7th, 2008
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By Christopher P. Anderson, CPA
As most area residents know, the President signed the Economic Stimulus Act of 2008 yesterday. In addition to the rebates that you've heard about (that should be received this summer), the act also gives increased Sec. 179 spending and 50% depreciation deductions in 2008.
Rebate Checks
The new law would give rebate checks of at least $300 to anyone who paid taxes in 2007 or had at least $3,000 in earned income. Social Security income or income from disability...
Accountability: Planning is Essential to Non-Profit Start-Ups
March 1st, 2008
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by Gail Kinsella
I have heard it said that there are two types of people. So, how does that apply when it comes to starting a non-profit organization? Well, from my experience, some folks start out addressing a community or constituent need, filling in the administrative and regulatory details later. The others begin by setting up the legal framework and then embarking on the charitable purpose.
Ideally, the start-up of a non-profit organization (or any organization for that matter) should combine these...
Accountability: A Different Perspective on Travel and Entertainment
February 1st, 2008
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by Gail Kinsella
When most people think about travel, they conjure visions of exotic locations, beaches, theme parks, even baseball stadiums. As a CPA, I hate to admit that when talk turns to travel, my mind wanders in a very different direction – toward policies and procedures.
Yup, I said policies and procedures. And not of the travel insurance type, but those establishing controls over travel and entertainment reimbursements. A bit ho-hum? Maybe. But important nevertheless.
When controls over these...
