“Who the Heck is Beardsley Ruml?” PART 1

Written by Tax Blogger


A description of the warped view of income taxes. My Professor of the Year presentation.

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Categories: Income taxes
Jul
31

Hotel Management Software eZee FrontDesk with reservation, accounting, booking, pms features.

Written by Tax Blogger


eZee FrontDesk (www.ezeefrontdesk.com) is a premier hotel management software which is installed in more than 54 countries with support centers in 25 countries. This next generation, easy to use hotel motel software is made in VB.net technology and available in various languages too. It comes bundled with various modules like accounting, reservation, restaurant point of sale (POS) house keeping, laundry and many more. This video is presentation of the eZee FrontDesk software developed by eZee Technosys Pvt. Ltd.

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Jul
31

You Can’t Take it With You (Henderson Scene)

Written by Tax Blogger


Webster Groves High School’s production of “You Can’t Take it With You” by Moss Hart and George S. Kaufman. The scene in which Wilbur C. Henderson tries to persuade Grandpa to pay income taxes. Act One. Grandpa- Jack Marshal Bourgeois Henderson- Will Burchfield Penny- Caroline Siede Essie- Julianne Towers Ed- Scott McDonald Paul- Connor Barnes DePinna- Sam Holden

Categories: Income taxes
Jul
30

UsingLLCs.mp4

Written by Tax Blogger


KMK TaxGuru answers reader question from www.TaxGuru.net blog on Using LLCs Email: VidCast@TaxGuru.org

Categories: Income taxes
Jul
29

Excel Magic Trick # 265: Mixed Cost Accounting Linear Regression

Written by Tax Blogger


See how to do Linear Regression for determining what part of a mixed cost is a Fixed Cost and what part is a Variable Cost. Also See how to create a Scatter Diagram and add Trend Line. Excel Magic Trick # 265: Cost Accounting Linear Regression (Excel Magic Trick #265) This video is for a Highline Community College Cost Accounting Class. The SLOPE (m) function calculates the slope of the linear equation y = m*x + b The INTERCEPT (b) function calculates the intercept of the linear equation y = m*x + b The RSQ (r^2) function calculates the Coefficient Of Determination (how much influence x has on y) The symbol carrot ^ (Shift + 6) is used for exponents The ROUND function must be used when: 1) multiplying decimals; 2) you are required to round (money requires that you round because the smallest unit is a penny); 3) you will use your formula results in subsequent formulas To see how to use the Excel Add-in Data Analysis feature, see this video: Stats 08: Install Excel 2007 Data Analysis Add-in

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Jul
29

A Quick Review of the HSBC Direct Savings Account

Written by Tax Blogger

The HSBC Direct Savings Account usually offers an Annual Percentage Yield (APY) in excess of 4%. Currently, it is 4.65%. Opening an account with HSBC Direct is a smooth procedure with more than one option available for verifying the account to be linked. Instant checking account verification is done with the help of Yodlee online banking solution. The account is made active after the account holder enters the password; which is received by postal mail. Thus, even though the account opening procedure is quick, it takes time before the account can be used. Other things sent to the account holder’s address by postal main include the ATM card with its pin. The entire mailing process can take a week or more depending upon the account holder’s state of residence.

A user-friendly interface on the HSBC Direct Savings Account website leads one to the Account Summary which carries a concise record of the transaction details. The website; however, does not provide an update of the interest accrued on a daily basis.

An online bank-to-bank transaction requires the insertion of a security key. There are no transaction costs charged by HSBC. Unlike other online banks that allow only a limited number of accounts to be linked, HSBC allows for an unlimited number of accounts to be linked. This facilitates the use of HSBC Direct as a central hub for transfer of funds between checking accounts. These accounts can include checking accounts, brokerage accounts, and savings accounts. A deposit to an HSBC Direct account takes place in a day or two; withdrawal from HSBC Direct can take longer and is not really on par with industry-standard times. Fund transfers with HSBC Direct do not attract a service charge from the bank.

The Bank Mail facility enables interaction with the customer service department; the usual response time is between 4-8 hours. Telephonic contact with the call center is not highly reliable and often the wait-time can be over 5 minutes.

Accounts with HSBC Direct are insured by FDIC. There is no minimum account requirement and account holders can enjoy a high APY even with $ 1 in their account. Moreover, unlike other online accounts HSBC Direct allows account holders to maintain a zero balance account.

Overall, HSBC Direct offers a good online banking experience with an attractive APY, no restrictions on the number of linked accounts, and an easy to browse website.




Categories: Uncategorized
Jul
28

Simple Formula to Achieve Guaranteed Success For Your Accounting Practice

Written by Tax Blogger

One of the best ways that I know to build any accounting practice effortlessly is to position yourself as an expert in your field. When you position yourself as an expert, you have instantly differentiated yourself from your competitors. The best and most powerful way to become an expert is by authoring a special report.

I call it “education-based marketing.” You write a report that solves a problem that is being experienced by your prospects. When your prospects read your writing, you’ve educated them and they realize you are the expert. You have positioned yourself as the expert in your field.

In this article, I will share with you a simple formula I use to write special reports. Let’s say your CPA firm provides accounting services to small business owners. Here’s how you would approach this:

1) Identify 3 to 5 problems (a paragraph for each problem) your clients and prospects are facing.

Here are three that come to mind:

• Erratic cash flow
• Poor record keeping
• Pay high taxes

2) Write the solution (paragraph for each solution) to each of these problems.

These could be:

• Prepare a cash projection for the year or keep an eye on overheads with accurate financial reports
• Develop systems in your business or use an accounting software, etc.
• Proactive tax planning

3) Write a headline and a sub-headline for the report.

Here are several:

• 7 ways small businesses can save on their taxes
• The best legal structure for your small business to minimize taxes
• 5 ways to increase the cash flow in your small business

4) Send the “un-edited” report to an editor
An editor will help you embellish the special report. You will find dozens of editors who can help you with this task relatively inexpensively at www.Elance.com.

5) You are now an author. Authors are perceived as experts. You have differentiated yourself from your competitors.

Once you’ve got the report, you will be able to use this special report in multiple ways. You could send it to reporters in your local news market to get publicity; include a brief press release that highlights what’s most newsworthy in your report and gives the reporter contact information so they can call you if they have any questions. This might result in a news story, but it might also result in the reporter calling you later when they’re working on a story you might be able to comment on-more publicity.

You will also make use of the internet to leverage this report in several ways. You can use the report to generate new prospective clients by posting it on your website and giving it away in exchange for visitors’ email information or contact information. You can also create multiple articles out of the material in the report and submit those articles to hundreds of search engine directories to improve the ranking of your website. Finally, the report can be used to create at least 10 to 20 emails for your weekly Ezine.

Go ahead, follow the simple formula I have shared in this article to write your special report to get “expert status” and achieve success in your CPA practice.




Salim Omar, The CPA Marketing Genius, is a practicing CPA and founder of the Genius Marketing System, the proven step-by-step system that shows you how to attract more clients to your CPA practice and increase your income without working more. To receive your FREE Audio CD titled “12 Marketing Secrets – How To Attract Quality Clients” , visit The CPA Marketing Genius

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Jul
28

America: Freedom to fascism-5/11

Written by Tax Blogger


America: Freedom to Fascism (also America: From Freedom to Fascism or (per the title card) America: Freedom to Fascism Volume One) is a 2006 film by Aaron Russo. It was exhibited in theaters in select US cities.[1] This documentary covers many subjects, including: the Internal Revenue Service (IRS), the income tax, Federal Reserve System, national ID cards (REAL ID Act), human-implanted RFID tags (Spychips), Diebold electronic voting machines,[2] globalization, Big Brother, taser weapons abuse,[3] and the alleged use of terrorism by government as a means to diminish the citizens’ rights. Some of the premises of the film include: The Federal Reserve System is unconstitutional and has maxed out the national debt and bankrupted the United States government. Federal income taxes were imposed in response to, or as part of, the plan implementing the Federal Reserve System. Federal income taxes are unconstitutional or otherwise legally invalid. The use of the Federal income tax to counter the economic effects of the Federal Reserve System is futile. The film’s claims about the illegality of the income tax in the United States have been critiqued as factually dubious by some reviewers.[4] The film has, however, developed a cult following

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Categories: Income taxes
Jul
27

WST: 1.4 Accounting – Financial Statements Integration

Written by Tax Blogger


Wall St. Training Self-Study Instructor, Hamilton Lin, CFA illustrates the interaction and inter-relationship between the major financial statements and clearly describes the difference between accrual-based Income Statement and cash-based Cash Flows Statement. For more information of the video courses previewed here, go to: www.wstselfstudy.com Over 80 hours of online, interactive Self-Study Videos! ***YOUTUBE VISITORS ONLY*** 10% off any online course, use Discount code: youtube www.wstselfstudy.com Wall St. Training Self-Study provides online, video-based, self-study financial modeling training solutions to Wall Street. Our interactive course modules are Excel-based and specialize in advanced and complex financial modeling, valuation modeling, investment banking, mergers & acquisitions and leveraged buyout training topics. Enhance your skills and master the content required by Wall Street investment banks, M&A, research, asset management, credit, and private equity firms.

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Jul
27

What President Obama paid in taxes – 04-15-2009

Written by Tax Blogger


04-15-2009 – Taxes are the pits, but at least they don’t discriminate — everybody has to pay ‘em. And that includes the leader of the free world and his right-hand man. The tax returns for President Obama and Vice President Biden were recently released to the public. Quicker than you can say “spread the wealth,” searches on both documents skyrocketed. Now, normally tax returns don’t inspire a lot of buzz. But when it’s the Obamas’ and the Bidens’, the 1040s are actually pretty interesting. According to an article from Reuters, President Obama (who filed jointly with his wife, Michelle), reported an adjusted gross income of $2656902. They paid roughly $855000 in federal income taxes and almost $78000 in state income taxes. Now hold up—since when do (honest) politicians make millions of dollars? Well, normally they don’t. But Mr. Obama is also a best-selling author. The majority of his 2008 income came from sales of his two memoirs, “Dreams of My Father” and “The Audacity of Hope.” Interestingly, the Obamas’ income took a substantial drop in 2008. According to Fox News, the couple actually pulled in $4.2 million in 2007. In comparison to his boss’s return, Vice President Biden’s 1040 looked downright modest. The VP and his wife reported an income of $269256 for 2008. That’s roughly a tenth of what the Obamas declared. Still, a good portion of that came from sales of Mr. Biden’s memoir, “Promises to Keep.” UPI reports that the Bidens reported donations of $1885 to charity in

Categories: Income taxes
Jul
26