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Despite the fact that we are just barely through celebrating Memorial Day, I took a refresher look at the holiday calendar the other day and noticed that in 2011, July 4th falls on a Monday, which ensures a three-day weekend.
June 1 -
As the economy picks up to yield-reduced investment risk, and as an increase in tax rates continues to threaten, the benefits of Section 1202 qualified small-business stock deserve some attention. From both the perspective of the investor seeking to maximize after-tax yields and the entrepreneur seeking additional capital, the 2010 Tax Relief Act's extension of the 100 percent exclusion of gain from Section 1202 stock for an additional year, through Dec. 31, 2011, is an opportunity worth revisiting. What remains constant under any second look, however, is that Section 1202 requires patience: It will take a taxpayer at least five years to see how the story ends after any particular acquisition of qualified stock.
June 1 -
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I've learned a lot about reducing costs over the past 15 years. Sometimes from unlikely places, too. Like customer relationship management systems. This technology can help you reduce costs. Really.
June 1 -
We were taken aback by an op-ed written by Bob Kueppers and D.J. Gannon that appeared in the April 2011 issue of Accounting Today ("The Journey to convergence," page 12). We're surprised they continue to tout vague generalities about the benefits of international standards and hopelessly cling to optimistic (but naive) interpretations of the Securities and Exchange Commission's announcements. They refer to the commission's "Work Plan" as supporting convergence, when it actually lays out impossible goals for proving that the costs of achieving convergence are less than the benefits.
June 1 -
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