fired from my first job

what i learned the hard way. so you don’t have to.

by ed mendlowitz
call me before you do anything: the art of accounting

my first job was with a sole practitioner friend of my father’s and lasted seven weeks.

more: employees have better memories than bosses | working for a jerk | the ‘wrong’ cpe | be a sounding board to your clients | make obsessed leadership work for you | client checklist: top 10 issues for real estate investors | working hard? or hardly working?
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i was fired because i was terrible. i couldn’t do anything right!

here’s what i’ve learned.
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6 key facts about excise taxes

unexpected reasons the government wants more money.

by barry j. friedman, cpa
industrynewsletters

everyone knows about income taxes and sales taxes, but we tend to forget about excise taxes, because they’re not obvious.

more: how clients should gather their papers for taxes | charitable giving under tcja | why padding tax deductions is a risky proposition | portability: sharing the estate tax exemption | tariffs: what clients need to know now
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excise taxes are paid when purchases are made on specific goods or activities, such as wagering or highway usage by trucks. the producers or merchants pay the tax and typically include the additional tax in the price to the end consumer.
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shutdown: what to tell tax clients during “the lapse”

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government shutdown scrambles busy season.

next question: how’s it affecting accountants and clients?
join the survey. get the answers.

by rick telberg
卡塔尔世界杯常规比赛时间

the internal revenue service is struggling to continue operations as the nation heads into tax season during the “appropriations lapse,” a.k.a the government shutdown.

some 16,000 irs employees are exempt from the shutdown, and another 30,000 are being called in to work without pay—a total of 57.4 percent of the 80,265 employed before the shutdown.

nevertheless, with four desks out of ten empty, the irs is holding back on most services that require human involvement.

tax practitioners would do well to advise their clients of the following:

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how clients should gather their papers for taxes

woman holding paper at deskthey don’t have to eat the rhino all in one bite.

by barry j. friedman, cpa
industrynewsletters

don’t let your clients find themselves frantically searching for information they need to file their tax returns at the last minute. help them reduce filing difficulties and possibly their tax bills by knowing what documents to have at your fingertips.

more: charitable giving under tcja | gifts to charity: 6 facts about written acknowledgments | yes, home equity loans may still be deductible | how to talk to clients about ‘basis’
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most of the papers they need to document the income, interest and withheld taxes they report arrive in your mailbox in january, with investment-related 1099s often coming in february. they can get ready for that arrival by creating print and online folders. it’s a good idea to create a paper and an email tax folder for messages relating directly to tax information.
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working for a jerk

invisible businessman saying "blah blah blah blah blah"what is more important to you, how you look or how good the work is?

by ed mendlowitz
call me before you do anything: the art of accounting

early on in my career, i was assigned to work with a manager on a half-dozen monthly clients.

more: staffers need to speak up with clients | when writeups went extinct | kennedy’s acceptance speech
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he went with me and worked on the main company while i worked alongside him on the baby company. the baby company was much smaller and usually was for a second line the client had. i did the writeup and prepared the financial and other statements for the current month and year to date.
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