Friday, November 30, 2012

CNBC.com Article: Obama Takes ‘Fiscal Cliff’ on the Road; Republicans Stew

CNBC.com Article: Obama Takes 'Fiscal Cliff' on the Road; Republicans Stew

President Obama, reapplying his re-election campaign theme of protecting the middle class, heads to Pennsylvania on Friday suggesting that Republicans could spoil Christmas by driving the country over the "fiscal cliff."

Full Story:
http://www.cnbc.com/id/50023849

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Thursday, November 29, 2012

Accountants Agitated Over Fiscal Cliff Uncertainty - US News & World Report

http://mobile.usnews.com/news/articles/2012/11/28/accountants-agitated-over-fiscal-cliff-uncertainty


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CNBC.com Article: Here's One Way to Beat the Looming Dividend Tax Hike

CNBC.com Article: Here's One Way to Beat the Looming Dividend Tax Hike

Investors looking to avoid tax increases associated with the "fiscal cliff" negotiations are turning to the often-misunderstood world of master limited partnerships.

Full Story:
http://www.cnbc.com/id/50012456

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Charting the Fiscal Cliff

Charting the Fiscal Cliff http://shar.es/6tlux

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Wednesday, November 28, 2012

CNBC.com Article: New Home Sales Disappoint - Could It Be 'Cliff Concerns?'

CNBC.com Article: New Home Sales Disappoint - Could It Be 'Cliff Concerns?'

Fears of the fiscal cliff could be impacting potential buyers already. The new home sales monthly number from the U.S. Department of Commerce is based on signed contracts, not closings, so it is a clear gauge of what potential buyers are feeling right now.

Full Story:
http://www.cnbc.com/id/49995935

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'Cliff' Fix Must Be 'Across the Board': Obama Backer

http://www.cnbc.com/id/49979585

The Fiscal Cliff: A Perfect Storm

Thomson Reuters

http://cpetaxaccounting.blogspot.com/2012/11/the-fiscal-cliff-perfect-storm.html

Seeking Ways to Raise Taxes


Seeking Ways to Raise Taxes





CNBC.com Article: How the ‘Fiscal Cliff’ Could Hurt Married Couples


CNBC.com Article: How the 'Fiscal Cliff' Could Hurt Married Couples
There are many financial perks that come with being married. Filing taxes as a couple, which means double the complicated details, generally isn't one of them.
Full Story:
http://www.cnbc.com/id/48898974

Monday, November 26, 2012

CNBC.com Article: Five Reasons America Won’t Fall Off the ‘Fiscal Cliff’

CNBC.com Article: Five Reasons America Won't Fall Off the 'Fiscal Cliff'

Relax, America. You can put your parachutes away. Washington isn't likely to take the country over the dreaded "fiscal cliff." Even a capital city as deadlocked and dysfunctional as Washington has been in recent years is not likely to risk a move that has so many economic and political ramifications, according to a wide range of experts. The Christian Science Monitor reports.

Full Story:
http://www.cnbc.com/id/49960630

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CNBC.com Article: Trying to Turn Obama Voters Into Tax Allies

CNBC.com Article: Trying to Turn Obama Voters Into Tax Allies

President Obama's aides are trying to harness the passions that returned him to the White House to pressure Republicans to accept tax increases on the wealthy, The New York Times reports.

Full Story:
http://www.cnbc.com/id/49964006

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Saturday, November 24, 2012

Top Republican Senator ditches Norquist anti-tax pledge | Fox News

http://www.foxnews.com/politics/2012/11/23/top-republican-senator-distances-himself-from-norquist-anti-tax-pledge/


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'Fiscal Cliff' Debate Hits Airwaves - The Wall Street Journal.

I thought you would be interested in this from The Wall Street Journal.

'Fiscal Cliff' Debate Hits Airwaves

http://online.wsj.com/article/SB10001424127887324712504578137371492840186.html

The Wall Street Journal App provides a new way to experience the Journal's award winning coverage, blending the best of print and online. Special features include:

  • "Now" Issue featuring updated coverage throughout the day, with top article picks from Journal editors
  • Market Data including quote search and customizable Watchlist
  • Videos and slideshows published with free articles

Click or tap the link below to download The Wall Street Journal from the Apple iTunes App Store.

http://www.wsj.com/mobile



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Wednesday, November 21, 2012

CNBC.com Article: Is Fed’s Bernanke Right About the ‘Fiscal Cliff’?

CNBC.com Article: Is Fed's Bernanke Right About the 'Fiscal Cliff'?

Rather than meet expectations for more easing, Federal Reserve Chief Ben Bernanke took Congress to task for leading the U.S. to a dire fiscal situation that could cause another recession.

Full Story:
http://www.cnbc.com/id/49910938

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CNBC.com Article: Even Muni Bonds May Be Targeted in 'Fiscal Cliff' Talks

CNBC.com Article: Even Muni Bonds May Be Targeted in 'Fiscal Cliff' Talks

Politicians working to avert the "Fiscal Cliff" may take away some of the advantage of tax-free municipal bonds, dealing a major blow to investors as well as local governments.

Full Story:
http://www.cnbc.com/id/49905243

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Tuesday, November 20, 2012

CNBC.com Article: Tax Talks Raise Bar for Richest Americans

CNBC.com Article: Tax Talks Raise Bar for Richest Americans

By most measures, the personal finances of Anne Zimmerman, a small-business owner in Cincinnati, have little in common with those of Oracle's chief executive, Lawrence J. Ellison. The NYT reports.

Full Story:
http://www.cnbc.com/id/49897680

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The Fiscal Cliff

http://stream.wsj.com/story/the-fiscal-cliff/SS-2-87944/SS-2-104671/#


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Friday, November 16, 2012

White House Discusses Plan to Replace Cuts - The Wall Street Journal.


White House Discusses Plan to Replace Cuts

http://online.wsj.com/article/SB10001424127887324556304578122690719872244.html

The Wall Street Journal App provides a new way to experience the Journal's award winning coverage, blending the best of print and online. Special features include:

  • "Now" Issue featuring updated coverage throughout the day, with top article picks from Journal editors
  • Market Data including quote search and customizable Watchlist
  • Videos and slideshows published with free articles

Click or tap the link below to download The Wall Street Journal from the Apple iTunes App Store.

http://www.wsj.com/mobile



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CNBC.com Article: Why Seniors Face Retirement 'Perfect Storm' in 2013

CNBC.com Article: Why Seniors Face Retirement 'Perfect Storm' in 2013

Even if the  'fiscal cliff'' is avoided,  some financial analysts say seniors should think twice before calling it a career next year.

Full Story:
http://www.cnbc.com/id/49827006

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CNBC.com Article: Obamacare, Host of Others Need Slashing: Simpson-Bowles

CNBC.com Article: Obamacare, Host of Others Need Slashing: Simpson-Bowles

Americans interested in getting the national debt crisis under control likely will have to endure cuts to popular programs like defense, Social Security — and the nationalized health insurance program known as Obamacare.

Full Story:
http://www.cnbc.com/id/49845816

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CNBC.com Article: White House in Talks to Replace Sequester: Report

CNBC.com Article: White House in Talks to Replace Sequester: Report

White House officials are said to be in advanced talks to replace the "sequester" with a package of smaller, more targeted spending cuts and tax increases, The Wall Street Journal reported.

Full Story:
http://www.cnbc.com/id/49852886

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CNBC.com Article: Say It Ain’t So! Twinkies Maker to Liquidate, Lay Off 18,500

No more Twinkies?!? Who is John Galt? 

CNBC.com Article: Say It Ain't So! Twinkies Maker to Liquidate, Lay Off 18,500

Striking workers stood firm. Now, Hostess Brands will ask a bankruptcy judge to liquidate its operations.

Full Story:
http://www.cnbc.com/id/49852161

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Wednesday, November 14, 2012

CNBC.com Article: Is $250,000 a Year Rich? Let's Break It Down

CNBC.com Article: Is $250,000 a Year Rich? Let's Break It Down

It's no surprise that working couples in big cities are struggling to raise children while paying off mortgages and student debt. What is surprising is that they're lumped in with the so-called "wealthy" if they jointly earn $250,000 a year. Fiscal Times reports.

Full Story:
http://www.cnbc.com/id/49807529

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CNBC.com Article: Biggest Tax Reform Obstacle? Look In the Mirror

CNBC.com Article: Biggest Tax Reform Obstacle? Look In the Mirror

Tax reform sounds like a great idea - until the loophole that's closed is the one that puts money in your pocket.

Full Story:
http://www.cnbc.com/id/49810127

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CNBC.com Article: Congress, Obama Playing With Dynamite, Say CEOs

CNBC.com Article: Congress, Obama Playing With Dynamite, Say CEOs

Corporate America is raising the volume of its plea that the U.S. government avert a year-end "fiscal cliff" that could send the nation back into recession, but chief executives aren't pushing the panic button just yet.

Full Story:
http://www.cnbc.com/id/49818043

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Monday, November 12, 2012

White House Plans Public Appeal on Deficit - The Wall Street Journal.

I thought you would be interested in this from The Wall Street Journal.

White House Plans Public Appeal on Deficit

http://online.wsj.com/article/SB10001424127887324894104578113022312251756.html

The Wall Street Journal App provides a new way to experience the Journal's award winning coverage, blending the best of print and online. Special features include:

  • "Now" Issue featuring updated coverage throughout the day, with top article picks from Journal editors
  • Market Data including quote search and customizable Watchlist
  • Videos and slideshows published with free articles

Click or tap the link below to download The Wall Street Journal from the Apple iTunes App Store.

http://www.wsj.com/mobile



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CNBC.com Article: If US Goes Over ‘Fiscal Cliff’, the Fed Has Insurance

CNBC.com Article: If US Goes Over 'Fiscal Cliff', the Fed Has Insurance

Republicans showed during the U.S. election campaign that they were true monetarists. As any true believers, they knew that the Federal Reserve's huge and unrelenting monetary easing would boost President Obama's election chances with rising jobs and household incomes.

Full Story:
http://www.cnbc.com/id/49784238

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CNBC.com Article: 'Fiscal Cliff' Mess Is a 'Grand Canyon': Bill Gross

CNBC.com Article: 'Fiscal Cliff' Mess Is a 'Grand Canyon': Bill Gross

Pimco's Bill Gross and Goldman Sachs's Jim O'Neill both warned clients over the weekend of the perils of the coming "fiscal cliff." Gross called it a "Grand Canyon."

Full Story:
http://www.cnbc.com/id/49779654

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Sunday, November 11, 2012

Steps For Fonda 5K and Fun Run – Feb. 24, 2013

Steps For Fonda 5K and Fun Run – Feb. 24, 2013

Debt Calculators

Debt Calculators

Boehner’s Olive Branch: More Revenues, but Only Through Growth

Boehner's Olive Branch: More Revenues, but Only Through Growth

http://blog.heritage.org/2012/11/09/boehners-olive-branch-more-revenues-but-only-through-growth/



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CNBC.com Article: Obama to Insist on Tax Increase for Rich

CNBC.com Article: Obama to Insist on Tax Increase for Rich

President Obama said Friday that he would insist that tax increases on affluent Americans be part of any agreement to avoid a year-end fiscal crisis. The New York Times reports.

Full Story:
http://www.cnbc.com/id/49770594

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Saturday, November 10, 2012

CNBC.com Article: Why 'Rise Above?'

CNBC.com Article: Why 'Rise Above?'

The election is over, but the American economy will only be unleashed if we avoid the fiscal cliff, pare our deficit and rise above partisan politics. On this point, nearly every business leader and investor who appears on CNBC has been consistent: The status quo leads to economic stagnation or worse; solutions could release powerful forces that propel the nation out of its post-recessionary funk.

Full Story:
http://www.cnbc.com/id/49730381

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Just For Fun

Like our parrot? He’s an accountant, see? Geeky glasses and pocket-protector! We love him! He was painted by our friend Harry. Be on the look-out for a link where you can see more of Harry’s beautiful paintings coming soon!!

Have you ever wondered who came up with the pocket-protector idea? Here is a 1903 Patent for a pocket-protector. Maybe the first?


Choosing A Legal Entity

Choosing a Legal Entity

See the resources to help you choose the right legal entity for your business at Choosing a Legal Entity




Contact Us


Contact us via:

Emailparrottcpa@gmail.com

Phone:  770-292-0962

On FaceBook:  https://www.facebook.com/parrottcpa

On Twitter:  https://twitter.com/parrottcpa

Read our Website Blog:  http://parrottcpa.com/blog

Setting Up Internal Controls in Your Business

Setting Up Internal Controls in Your Business


One of several reasons cited for new business failures is poor internal control.


Internal control is the process designed to ensure reliable financial reporting, effective and efficient operations, and compliance with applicable laws and regulations. Safeguarding assets against theft and unauthorized use, acquisition, or disposal is also part of internal control.

Read more at  Setting Up Internal Controls in Your Business

Determining Your Filing Status

Determining Your Filing Status


From an email recently received from the IRS:

Eight Facts to Help Determine Your Correct Filing Status

Parrott & Associates, CPAs' Home Page

Parrott & Associates' Home Page:

http://parrottcpa.com/


What Does The Fiscal Cliff Mean For You?

Find out what a CPA says about the coming fiscal cliff at Parrott & Associates blog:

What Does The Fiscal Cliff Mean For You?