by GruffyGoat Team | Jul 31, 2012 | Uncategorized
I came across a great article online this week by Mark Murray, J. D., Tonya K. Flesher, CPA, Ph.D. and Dale L. Flesher, CPA, Ph.D. The article outlines the history of how the CPA came to be. Here’s a summary: The First Taxes No discussion of the milestones for...
by GruffyGoat Team | Jul 30, 2012 | Uncategorized
The original Form 1040 was merely four pages long. That original 1040 (no money was required to be sent with the form) was due to be filed by March 1, 1914. In 1914, a field agent verified each tax return and then billed taxpayers on June 1. The Revenue Act of...
by GruffyGoat Team | Jul 23, 2012 | Uncategorized
The default business structure for most people forming a business today is the Limited Liability Company (LLC). LLCs are a good choice because in an LLC structure, owners have limited personal liability for the debts and actions of the LLC. But there are two other...
by GruffyGoat Team | Jul 20, 2012 | Uncategorized
The IRS sends more notices annually than the total number of taxpayers. That’s a lot of notices. The U.S. has a large and complex economy to support, and the combined cost of noncompliance from under-reporting, non-filing, and nonpayment is projected to be $450...
by GruffyGoat Team | Jul 12, 2012 | Uncategorized
There was an article in The New York Times recently by Tim Kreider, called “The ‘Busy’ Trap.” It described the prevalent problem of people today being overly busy. In modern America, it’s almost a badge of honor to be stressed-out and so...
