It seems that anything preceded by the word “flat” is not a good thing: flat tire, flat line, flat beer, or flat tax.
Many people think my aversion to a flat tax is based solely on the fact that the implementation of a flat tax system would significantly impact my role as a tax preparer; but let’s not be so quick to judge the motives of a tax professional.
A flat tax is the ultimate in tax simplification. Calculate your income, apply a percentage and pay the balance due. At first blush this sounds appealing, does it not? But here’s the rub.
Continue reading “A Flat Tax?”
For most of us who work in the public accounting profession, the time from February through April 15th is known as “Tax Season”.
Tax Season can be both an exercise in long hours and too much time looking at computer screens. But looked at positively, it is also a time when we are re-united with many long time clients who have become old friends. I always look forward to meeting with one particular client who always knows the latest jokes.
Looking over the calendar for the month of March, I was also amazed this year by the number of holidays. These are holidays of the spirit: religious, ethnic, athletic and in one case, academic.
Continue reading “SPRINGTIME USHERS IN ‘HOLIDAYS’”
With the highly publicized upcoming Presidential debates, primaries, and caucuses
occurring this month as well as the nation celebrating Presidents Day honoring both Presidents Washington and Lincoln, let us reflect on some historic Presidential tax facts.
President Lincoln signed into law a measure to help pay for the Civil War. This measure created a Commissioner of Internal Revenue and the nation’s first income tax.
Continue reading “Happy President’s Day”
The recently enacted “Protecting Americans from Tax Hikes Act of 2015” extended and expanded many important tax provisions for both businesses and individuals.
The following is a brief overview of the more than 50 individual and business tax deductions, tax credits, and other tax-saving laws that have been extended, some made permanent.
Continue reading “Protecting Americans from Tax Hikes Act of 2015”
The holidays are over; the holiday decorations should come down for another year, my New Year resolutions have yet to be broken and the shopping season credit card will be in the mail any day now.
And of course, before the holiday break, I read last month’s “The Sassetti Scoop” blog and applied all the available year-end tax planning tips to organize my affairs with the goal of lowering my taxes. Great job, now what?
Continue reading “Get Ready – The Tax Man Is Coming”
The month of December is always a busy and full time for shopping, cooking, enjoying holiday parties and events, and getting the house ready for the winter.
It is also the time of year when savvy taxpayers get their “tax house” in order. Did you have a better than expected year financially? If so, you can probably benefit from an end-of-year donation to a charity (or charities
Continue reading “December Wrap Up”
Two kids later, I’ve come to the conclusion that the phrase “working mom” might be the most redundant and over-used saying.
Every mom works. All the time. We’re referees, chauffeurs, chefs, maids, nurses (usually in the same night). Some moms (like me) just have to split time between a full-time CPA and a full-time mom.
Continue reading “A (Working) Mom”
..have one thing in common-motivated and productive employees.
A company’s employees are one of its most valuable assets, no matter what the size of the company. Regardless of status within the company, all employees have psychological needs related to competence, relevance and some level of autonomy. Managing and motivating them is one of the most important and challenging tasks. But in the end a motivated employee is a productive employee which adds to the bottom line.
here are numerous opportunities to increase productivity and job satisfaction and some require little to no financial investment, but may require an adjustment of management practices.
Continue reading “Successful Businesses…”
Sassetti LLC is very excited to announce the launch of the “Sassetti Scoop”! The Scoop is a blog that aims to deliver accounting and tax insights on current industry trends; provide advice on issues facing management, businesses and individuals; and shares general commentary on the ever-evolving business world.
Each post will be written by a member of our firm and will bring with it that professional’s unique perspective and expertise.
Continue reading “Let us introduce ourselves”