Every business owner wants to make money, right? Of course, but what happens when it’s time to record it? The task of bookkeeping can take a significant amount of time, even for business owners who have done it in the past. It might be time to hire someone to do it for you, and saving [...]
A complete set of records and books must be kept by every business, new and old. The problem is for most business owners this process can be time consuming and difficult to understand, making it hard for them to keep these records themselves. As a business grows owners need to make the decision of where [...]
Outsourcing your bookkeeping has a number of advantages. The main advantage is simply the amount of money you will save. Although you will pay an outsourced bookkeeper three times the amount you would pay an in house bookkeeper for their time, you actually save money because you only hire them for a certain amount of [...]
Do you find your business dedicating too many crucial resources to bookkeeping demands? If so, considering a mobile bookkeeping service could be the solution you need. It has become an increasingly popular option among growing businesses, as the freed up time and resources allows the business to focus on their core competencies and not on [...]
Raleigh NC Tax Preparation
A few days ago in a email news item I made the distinction that the Haiti disaster is now a qualified disaster according to the IRS (http://www.irs.gov/newsroom/article/0,,id=218615,00.html).
And I mentioned in that email, the IRS was rumoring that people would be able to take a deduction for contributions to Haiti on the current [...]
Raleigh NC Accountant
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
So the question remains, what went wrong with the tax system in the United States?
US tax makers have been collecting what they have sown for a long time. The honor system has been replaced by a [...]
Raleigh NC Tax Preparation
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
1861 - After Lincoln was elected, the South walks out of Congress and create the Confederacy with a new constitution to sustain the newly formed government power to tax in check.
1862 - The beginning of [...]
Raleigh NC Accountant
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
“Slavery - the one cause of the Civil War.” - John Stuart Mill, 1862
Could there be any doubt concerning it? Certainly the American Civil War was about the slavery issue… wasn’t it? Well actually, one of [...]
Raleigh NC CPA
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Between 1868 to 1913, about 90% of the national government’s revenue was derived from taxes on alcohol and tobacco. While the Civil War was going on the government instituted a brief income tax, but it was [...]
Raleigh NC Accountant
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Ah…. now we have a historical event obviously concerning abusive taxes. Was the Boston Tea Party a protest against the British tax on tea, as we were told? No, not one bit. The colonies had continuously [...]