Many Tax Myths Still Have a Hold on Taxpayers
Sometimes a little learing is a dangerous thing. Just check with your clients. Many of them probably suffer under a number of delusions about taxes. Disabusing them of their beliefs can be troublesome for tax professionals.
“When you are dealing with something as complicated as income tax law, it’s not uncommon for misconceptions to arise,” said David Bergstein, CPA, a tax analyst for CCH CompleteTax.
Maybe this list from CCH CompleteTax, an online tax preparation and e-filing solution for the do-it-yourself taxpayer, will help. It’s based on a CCH-commissioned Harris survey. READ MORE →
“Mental ill-health in the profession has never been higher.”
Or so says AccountancyAge introducing a celebrity rehab doctor with some advice for accountants. “If you are in meltdown,” Dr. Tim Cantopher of the Priory Hospital advises, “be as kind to yourself as you are to others.” READ MORE →
95 percent of Americans Less Than Happy with Government Financial Reporting
The federal government is failing to meet the financial reporting needs of taxpayers, falling short of expectations and creating a problem with trust, according to the Association of Government Accountants.
The survey found an “expectations gap” between what taxpayers expect and what they get, finding that the public at large overwhelmingly believes that government has the obligation to report and explain how it generates and spends its money, but that that it is failing to meet expectations in any area included in the survey. READ MORE →
Merger creates largest local insurance auditor in Western U.S.
Rosenberger Schwartz & Co. of Los Angeles is merging with Larson & Co. of Salt Lake City, Utah, to form Larson & Rosenberger and make a big presence in the insurance industry even bigger.
A.M. Best has ranked Rosenberger 19th and Larson 31st, respectively, in a study of the nation’s top insurance industry auditing firms. As a result of the merger, Larson & Rosenberger expects to be ranked in the top 15 nationally and 5th in the Western States.
Both firms boast 32 years of insurance experience providing auditing, tax and regulatory compliance advisory services.
“This merger,” says Bill Rosenberger, “both broadens our service offerings and deepens the level of insurance industry knowledge and experience we bring to our clients. ”
On the larsco.com website, the firm tackles a touchy client-relations issue head-on, promising clients: “Same people, same fees.”
