Reuse Clothing issues

I knew the number was low, but I was surprised that only 15% of discarded textiles was recycled or reused, while the rest is sent to landfills or incinerators.  Which always makes taking a high value on donated goods difficult.  Shipping overstock overseas I knew...

Electric Cars

With the planned proliferation of electric vehicles coming onto the market by the end of the decade, how are they all going to be charged? Throughout the US we have electric grid reliability issues. Adverse weather conditions in the central U.S. will be 1.7% higher...

Public Ransomware

States are introducing bans on ransomware payments by public agencies that get hit by this increasingly common cyberattack.  This is an attempt to remove the low hanging fruit, typically municipalities have limited and poor security, which have made them easy targets....

Girlfriend’s Rent

We picked up a new client this year that will not be returning next year, he isn’t even a real client this year.  We did not submit his tax returns. This gentleman gave us his documents and we prepared financials for him.  He did not like the results, he made money, a...

Business envy

This last tax season we picked up a new client that is running an e-commerce business similar to my own.  I have to admit that I was jealous.  They run theirs better than I do mine. As business has picked up on the CPA side a couple of my side businesses have...

Missing 1099’s

This last tax season was unusual, but I expect it to be more of the norm moving forward.  We had clients who were missing 1099-R’s. They have been coming so regularly that people didn’t know who to call about the missing one.  The prior year’s report never has a phone...

Crypto and market ties

Cryptocurrencies are seemingly moving more closely with the other financial markets at this point. The correlation between bitcoin and the stock market is hitting multiyear highs. A measure of the correlation between bitcoin and the Nasdaq Composite suggests that the...

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