Tag: business intelligence

The IRS to hire private collection agencies

Collection agencies

From 2006 through 2009, the IRS contracted with a number of private debt collection companies with very limited success.  In fact the IRS argued that it could be more efficient handling the work internally. In the recently passed Federal Highway Funding bill, Congress has restarted the use of private debt collection companies.  The private firms… Read more »

The IRS releases the mileage reimbursement rates for 2016

Mileage reimbursement rates

Just released from the IRS the 2016 mileage reimbursement rates, the optional standard mileage reimbursement will be $0.54 per mile in 2016, down from $0.575 per mile in 2015. Medical and moving reimbursement rates dropped by four cents in 2016 to $0.19 per mile.  Rates applicable for rendering gratuitous services to a charitable organization will… Read more »

401(k) – Did Dave get it wrong?

401(k)

As many know I am a former instructor in Financial Peace University, the Dave Ramsey Course that has led thousands to a better life through financial discipline.  The FPU program is often held by churches but has been customized for students, military and business audiences.  It teaches budgeting as a family, agreement on spending, planning… Read more »

I can’t believe he wants to raise taxes!

Those who know me realize raising taxes is not something I would be expected to advocate BUT there are exceptions.  I have spent a good deal of my career with firms that supplied materials and services to the public construction industry.  I have seen first-hand how the uncertainty of funding can create a feast or… Read more »

The IRS releases the mileage reimbursement rates for 2015

Just released from the IRS the 2015 mileage reimbursement rates, the optional standard mileage reimbursement will be $0.575 per mile in 2015, up from $0.56 per mile in 2014. Medical and moving reimbursement rates dropped by one-half cent in 2015 to $0.23 per mile.  Rates applicable for rendering gratuitous services to a charitable organization will… Read more »

Decision Making Matrix

Yellow Arrows Pointing In Different Directions

My friend, Rod Sommer, provided this decision making insight that you can use in any business or personal situation. Decisions have to belong to someone.  No decisions are group or consensus decisions. Level 1  The leader makes the decision alone and announces it. This type of decision may apply to an emergency or simply to… Read more »

2015 401(k) contribution levels

Wage And Tax Statement

The IRS announced the 2015 cost-of-living adjustments that apply to retirement plans in IR-2014-99.  For 2015, the amount taxpayers may contribute to qualified retirement plans including 401(k), 403(b) and 457 plans increases from $17,500 to $18,000.  The catchup contribution levels available to individuals 50 and older also increases by $500, allowing 50 and older taxpayers… Read more »

CPAs Using Drones

I read an article yesterday in the CPA Insider by Sarah Ovaska-Few entitled “Drones set to invade accounting profession”.[1] My first thought was “yeah right.”  But the article talked about the use of drones in specialized fields such as mining and agriculture. Drones are already being used in the agriculture industry as a faster more… Read more »