At this time of year, CPAs field many tax questions from neighbors and relatives. The exchange often ends with the query, “Should I have someone do my taxes?” The PICPA’s #GuardianCPA tax campaign helps taxpayers decide when it’s time to have a CPA complete their tax return and directs them to our online consumer resources.
Taxes can be complicated, and a PICPA Tax Number Infographic highlights just how complicated they can be. Changes are made to the tax code annually, and from 2012 to 2013 the number of refunds dropped by 1.4 percent. It’s difficult to determine if the drop in refunds is due to the changes or lack of understanding of how the changes applied to individuals or businesses. Regardless, all agree that constant changes make completing tax returns accurately a challenging. In fact, two-thirds of taxpayers who do their own taxes report that they don’t like to do the task. That’s a statistic that I certainly don’t find surprising. I think it takes a special talent to work through the tax code puzzle and complete a return that is accurate and takes advantage of all available deductions and credits. You can find more interesting facts in the Tax Number Infographic. Continue reading
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Tagged Help me do my taxes, Help with my taxes, How do I get the biggest tax refund, How to do my own taxes, PA refunds, PA Tax preparer, Pennsylvania taxes, Should I do my own taxes, Tax return preparer, Time it takes for a refund, Who can do my taxes, Why use a CPA
Tax season is in full swing after a delayed start, and it certainly has not been helped by all the polar vortex-crazy winter weather we have experienced this year. There is hope as spring approaches that the weather will begin to warm and that busy season will settle down as it races toward conclusion.
If you are in need of a brief mental break, why not turn your thoughts to the PICPA 117th Annual Convention in June. We will be returning to the beautiful Grand Floridian Hotel in Orlando from June 22-26. At a very attractive room rate of $205, PICPA members and their guests have already reserved more than 100 guest rooms per night. We will also be joined this year by members from the New Jersey Society of CPAs, increasing the networking value of this event. Continue reading
Someone says tax season is starting.
Drowsiness sets in around 7 p.m.
You hit the coffee hard. Continue reading
- By Guest Blogger, Dave Capitano, CPA
Who we are is a direct result of our daily habits. Successful people and successful businesses follow good business habits. But what about good personal habits? Only when we are at our physical best can we truly be the best in our professional roles.
For accountants, being at your best is especially important at this time of the year. Before we take care of our clients, our bosses, our team members, and our families, let’s first take care of ourselves.
Here are three healthy habits for sustaining a long, successful life and career. Continue reading
It’s officially budget season, so let the legislative and political tussles begin. Gov. Tom Corbett unveiled his proposed fiscal year 2014-2015 spending plan to a joint session of the Pennsylvania General Assembly last Tuesday, Feb. 4. The $29.4 billion budget spends $925 million more than 2013-2014, doesn’t raise taxes, and continues the phase-out of the Capital Stock and Franchise Tax.
The PICPA applauds the governor for continuing to fund the Department of Revenue’s technology and process modernization project. While it’s certainly not a high-profile initiative such as funding public education, Medicaid expansion, or state pension reform, it is a project CPAs can love. The governor is proposing another $9 million to the effort in 2014-2015. This initiative is important to the department’s continued efforts to streamline internal processes and improve customer service to both the taxpayer and tax professionals. Continue reading
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Tagged 2014 Pennsylvania Budget, 2014-2015 Pa Budget, Feb. 4 Pa budget, Gov Corbett, Governor Corbett, Pa health care, Pa public education funding, Pennsylvania budget, Pennsylvania Economy, Pennsylvania General Assembly, Pennsylvania job growth
We might not be able to afford an ad in the Super Bowl, but PICPA’s #GuardianCPAs are pretty super.
You probably have your favorite commercials that aired during the Super Bowl. The ones that made you laugh or brought a tear to your eye. I have a few of those myself. There’s one that I found particularly annoying: the guy with the green bow tie in the H&R Block commercials. Whenever I hear him cackle, “Get your billion back America,” I roll my eyes. Based on the number of taxpayers in the U.S., I can’t image that billion amounts to very much per person. Not to mention, I’m always skeptical of those storefronts that pop up for only a few months a year, like those Halloween Costume warehouses that stand vacant on Nov. 1. Continue reading
- Guest Blogger, Clare Porreca, CPA, MT
Guest Blogger, Clare Porreca, CPA, MT
Public accounting can be challenging, but it can also be extremely rewarding, especially during tax season. New associates may have trouble looking past the long hours and the deadlines to realize the amazing opportunity that is in front of them. I am about to begin my eighth tax season in public accounting, and I can honestly say that I am not dreading it; I am looking forward to it! I feel this way because over the years I have built confidence in my abilities fueled by a learned system of personal management. What follows are a few pieces of advice for not only surviving, but thriving during tax season. Continue reading