Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for October 27th, 2003

Posted by taxguru on October 27, 2003

California’s ‘circus’ hurts recall efforts n Nevada – I thought everybody loves circuses. Heck, Las Vegas is just a big circus for adults.

GOP Puts Stock In ‘Investor Class’

Tax-Cut Plan to Aid Ailing Industries

DNC fat cats: Taxpayers pick up tab for Dem honchos’ $alaries – Isn’t America great? There are so many opportunities to feed from the taxpayers’ trough.

Gov.-elect Arnold committed to avoiding tax hikes – As I mentioned during the campaign, Arnold’s hesitation to sign the “No Tax” pledge because of the possibility of a huge disaster, was bogus. Even the lame duck governor didn’t call for new taxes today during discussions of the fire storm in SoCal. He acknowledged that costs for dealing with something that large are going to be picked up by the Federal taxpayers via FEMA.

Schwarzenegger’s adviser hits the books – I don’t envy her that task. The only thing worse would be trying to decipher the Federal government’s accounting.

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Posted by taxguru on October 27, 2003

Ohioans may revolt against higher taxes and spending. – More on the efforts in Ohio to slap down the governor’s recent tax hike.

Tax Troubles: How Did We Get In This Fix? – There are a number of tax reform options on the table for the voters in Maine. There is a lot of coverage of the various issues at the Portland Press Herald’s website.

Senate to ponder permanent Net access tax ban – This debate seems to be going on forever. Obviously the states hate the idea of the Feds telling them what they can and can’t tax.

QuickBooks 2004

I find it amusing every year when people, including professional accountants, wonder if there will be a new version of QuickBooks each year. The answer is “duh.” Does General Motors ever skip a year when remodeling their cars? Neither does Intuit for Quicken or QuickBooks A new version is released every year.

The changes from year to year aren’t usually that dramatic; so not everyone needs to buy the new version each year. However, it is a wise move to upgrade every two or three years. That’s when you will notice the big improvements over the version you had been using. Intuit has its own way of encouraging users to upgrade their software. They orphan any version more than three years old, not providing any more support for them.

The variety of different versions of QuickBooks available with the 2004 upgrade gets even more confusing than ever. However, for at least 95% of the people we have been working with, the least expensive Basic version is just fine. Very few people need the functions available in the more expensive versions. I haven’t ever used many of them, and I spend a lot of time doing a lot of things with QuickBooks. Anyone considering upgrading from an older version of QuickBooks or buying it for the first time should hold off for a few more weeks. It doesn’t make much sense to buy the 2003 version now, when the 2004 version will be available on November 10.

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