There is an article this week about 1.6 million businesses that
are in arrears to the IRS for withheld payroll taxes. This is
money that has been stolen from employees over a period of 10
years and not remitted to the IRS on their behalf. Our tax
dollars have been paying to cover these shortfalls because the
IRS doesn't have the resources to go after all of these
employers who steal from their employees when they can't make
ends meet. We as a nation let people go on shopping sprees and
amass credit card debt and then declare bankruptcy and walk
away; we let people acquire mortgages they can't afford and
then help them keep their homes; and we let employers get away
with taking money from their own employees. We're awfully nice
people. But why do we spend our money this way? What lessons do
we teach? There is an election coming up. Remember, the people
we elect make the decisions that affect how our taxes are used.
Gail Perry, CPA
Sr. State Tax Analyst
Research Triangle Pk, North Carolina
How should three companies be consolidated into one holding
company using Peachtree software?
Share your suggestions today!
Read and Respond Now
PeopleSoft - Workforce Rewards
Do you know of any organization that uses PeopleSoft Workforce
Rewards for budget forecasting? Also, do you know of any
organization that uses Hyperion for budgeting and forecasting?
Add your input!
Read and Respond Now
What have you got to say today?
Jerry Davis, CPA:
Construction Practice Insider
What Is More Important, Relationships or Getting Paid?
Most successful CPA firms will tell you that it is all about
relationships. That is easy to say when clients are successful
and paying their fees. Now that the economy has slowed down,
especially in the construction niche that our firm serves,
these relationships are being put to the test. I am hoping this
post will generate some discussion. I have a question that I am
The K2 Team:
Accounting Technology Talk and More!
Fiber Optic Internet and New Software Business Models
I'm in the middle of getting fiber optic Internet installed
today (through TDS, my phone company - even though I don't have
a land line), and am excited about it. I'll post more, as well
as some speed tests once I get things set up. Speed on....
Voices of the AccountingWEB Staff
I'm the technician
How many accountants do you know who suffer from the "I'm the
technician" syndrome? You know what I mean, those types who
shun everything to do with customer service and client
communications, but are most likely excellent at the actual
Corporate Divestitures: A Mergers and Acquisitions Best Practices Guide
by William J. Gole, Paul J. Hilger
The book will focus on the practical application of best practices employed in the divestiture process. Its process orientation will present
a structured approach that emphasizes disciplined execution, and the text will be supplemented by illustrative documents and application aids
that will be able to be adapted for use in actual transactions.
When individuals talk about taxing the rich but giving breaks
to normal middle class Americans, who are they talking about?
What is "rich"? What is "middle class"? How do Presidential
candidates define "rich" and and what impact will their policies have? more
Summer staycations and other ways to beat the high cost of holiday travel
Has the IRS lost its appetite for collecting payroll tax?