The role of government

Well..the supreme court decision to uphold the health care act has been decided and many of our peers have been commenting on the tax issues. I, personally, thought the decision would go the other way.  It’s one thing to require taxpayers to buy something from the government, like Medicare, but quite another to require citizens to buy something from private, for profit, companies. As usual some of my peers are missing the big picture by commenting on all the tax issues. In my humble opinion, we have been witnessing a continual expansion of government power …

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What I’m telling my two daughters about the economy

Kathi and I have two daughters.  Like all parents we are very proud of them.  Kaitlin graduated from Lewis & Clark College last year and Kristen is a senior at UCLA.  At last year’s graduation, I had the opportunity to sit down with them and talk about life after college.  I thought it would be important for them to know what they faced, why, and what the future would hold for them.  Many graduates are having a hard time finding jobs in their fields.  You probably know some of them.  Not a surprise given the slowness of the recovery from …

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John Wooden (October 14, 1910-June 04, 2010)

I was lucky enough to meet John Wooden twice in person.  When I was 21, I went to work for an LA sporting goods store at the corner of Westwood and LaConte, near the main entrance of UCLA.  The owner of the store was a 1940’s UCLA football star, Milt Smith.  The store had a Hermes  engraving machine and we engraved some of the trophies for UCLA.  Being the young guy I was, guess who did the engraving? Needless to say, it was a somewhat tedious task.

One time Milt had me engrave John Wooden’s  Pyramid of Success.  That was the first time …

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Unhappy report

Most of our blogs are pretty upbeat and a few may even be interesting.  This one is sad.

 I learned last night that Warren Warner Jr’s son, Warren Warner III passed away after a very tough battle with bacterial meningitis.   Warren Warner is a partner at another local CPA firm, Brown, Holder and Alfaro.  Our hearts go out to Warren, his family, and the whole team at his CPA firm.  Warren Warner III graduated from Justin- Siena with my daughter Kristen in 2008.  He was just 19 years old.  My daughter knew him well and when I heard the news I …

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Lessons from Jose

So I just spent nine days (actually 7 days and two whole travel days) in Puerto Rico.  I attended a two day accounting conference with the North American division of Alliott Group, the international organization we belong to.  Kathi and I stretched it into a nice beach vacation since we had never been to Puerto Rico.  Puerto Rico is a beautiful island with some of the friendliest people anywhere.

After the conference we spent two days in Old San Juan.  This is quite a city with real Caribbean history.  Here we took a two hour Segway Tour.  For those that don’t …

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Dave’s mad as heck about the lack of Clear Vision

Well, we heard Tuesday night that we will be sending more troops to Afghanistan.  We also heard that they may start coming home in 2011.  Good luck with that!  This rant is not about whether or not we should send more troops.  I’ll leave that question to our readers. 

The thing we need most from our leaders, whether in business or politics is Clear Vision.  What we often get instead is a muddled lack of clarity and indecision.  That’s what bothered me about Tuesday’s speech.  I heard no real vision or plan, maybe you did, but I did not.  What this …

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Dave’s Mad as Heck at the State of California

California has adjusted its tax tables, exemptions, and certain credits for deflation, resulting in a higher tax liability for anyone who has made exactly the same income as they made in 2008.

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We’re mad as heck and we’re not going to take it any more!

 

After fuming about this issue for a couple of days, I decided to help gather my fellow CPAs together and see what we could do to stop the IRS in their tracks. It seems the IRS has decided to come after some wineries for using LIFO  to value their inventory. 

 

Last week , with the help of the Napa Valley Vintners Association, we brought Washington Insider, Dean Zerbe, …

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Don’t believe everything you read …

…and only half of what you see.

 

 Just ask CNBC’s Jim Cramer of Mad Money. In last night’s episode of the The Daily Show with Jon Stewart, among other things, Cramer tried to explain why he recommended his viewers buy Bear Stearns just days before the company’s collapse.

 

90% of economic activity is based on psychology. How we …

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Clear as mud?

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 Why is the tax credit side of the stimulus bill not going to help our country?

Three easy to understand words. They are “too darn complicated”. The purpose of tax credits is to help people do something for the economy or spend money that they otherwise might not spend. Tax credits can do …

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