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November 28, 2022

Accounting News Roundup: Which Tax Credits Got Dropped?; A CPA Candidate’s Dream Double Date; Excel Tips to Kick Off 2014 | 01.02.14

New Year Rings in Sales Tax for Amazon Shoppers in Three States [Digits/WSJ]
Nevada, Indiana, and Tennessee brings the total number of states that Amazon collects sales tax in to 19. "Those 19 states have a combined population of roughly 180 million, more than half of U.S. residents. In the three latest additions, the levies are expected to generate more than $50 million a year collectively, according to state officials."

Yes Virginia, There Is A Tax Extender Bill In Congress [Forbes]
The best lede from yesterday comes courtesy of our pal, Tony Nitti: "When you woke up this morning, it wasn’t just your pants and dignity that were missing. Also gone were the R&D credit, bonus depreciation, and the deduction for qualified tuition."

Jodie Sweetin I Beat Taxes … Like I Beat Meth [TMZ]
I hope the Full House theme song sticks in your heads for the rest of the day. "
The 31-year-old was in deep crap with the IRS after they discovered she screwed them out of $53,626.29 in income tax back in 2009. But now, we've learned … the actress who once conquered a meth addiction also defeated her financial problems and coughed up enough cash to make things square with the government."

It's impressive that they managed to squeeze all the CPA groupies out of the picture. 

AccountingWEB's Top Five Excel Tips From 2013 [AWEB]
These might come in handy in 2014, too.

Six developments for CPAs to watch in 2014 [JofA]
Revenue recognition, private company accounting, and the Year of the Auditor, among others. Three others, to be precise.

The Purrpose Driven Life [6th Floor/NYT]
Cats that we lost in 2013. 

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