As I’ve long pointed out, the best return on investment in this country is available from campaign contributions (aka bribes). Out rulers will return millions and billions of dollars in special programs in exchange for a tiny fraction of that. Unfortunately, the GOP rulers are just as generous with our tax dollars as are their DemonRat partners in crime.

I refuse to be put on the defensive by opponents of the efforts to repeal the estate tax, such as in this article sent to me by Ohio CPA Dana Stahl, along with the following note. 

Mr Guru – any comments?  Some arguments here to keep the estate tax going.

DS

My reply:

Dana:

I happen to be one of those who consider Communism and all of its planks to be inherently evil.  Just because one of its planks (confiscating inheritances) only affects a limited number of people doesn’t make it right.  Neither does doing immoral things for the sake of money.

Kerry

 

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California Moves to Ease Oversight on Accountants. Regulatory officials take steps to promote the profession and roll back tough post-Enron standards. – Looks like creative accounting may soon be back in vogue out on the Left Coast.

This would also be so appropriate at the PRC border crossings for those who enter legally.

Get Real About Real Estate for Your IRA – Gail Buckner looks at some of the complications involved in doing this properly.

I’m pretty sure the following question has to do with how many professionals, including some accountants, bill based on a 50 minute hour.  I have always included a note on our bills that we use 60 minute hours, which we keep track of using actual stop-watches while working on clients’ projects.

Subject: What is .1

 

Hi Kerry,

 

What is .1 when talking about billable hours. 

 

Thanks,

My Reply:

.1 is 6 minutes; one-tenth of an hour.

Kerry Kerstetter

Follow-Up:

Thank you so much!