Bluebeam Tips – Marking Workpapers

Bluebeam Tips - Marking Workpapers
On Wednesday I introduced a couple of quick Bluebeam tips to replace text in any document. Today, I’m moving onto something a little more accounting specific: reviewing workpapers. For this example, I threw random numbers and names on a New Jersey tax return. We’re going to pretend like it is a workpaper. If you have ...

What Do Accountants Do – Workpapers

What Do Accountants Do – Workpapers
NOTE: This is the second part of a series about “What do Accountants Do All Day.” After all the data is collected, the real accounting fun begins. We spread all the information we’ve received from the client onto our virtual desk, stick on our transparent green visor, and start to sculpt warm, sticky mess. The trial ...

What Do Accountants Do – Introduction

What Do Accountants Do – Introduction
Someone asked me the other day what I’d do if the country moved to a flat tax. That won’t happen, as I’ve discussed before, but let’s pretend Grover Norquist or Ron Paul stumbled on a magic lamp and, after two foolish wishes (I’d assume they’d involve armadillo slaves or dancing hyenas), they ask the genie ...

Churches and Bankruptcy

Churches and Bankruptcy
Separation of Church and State is one of those sticky issues that has been lingering around since the day Adam first told his teenage children they had to obey because “he said so.” Take the recent ruling 2012-2 U.S.T.C. ¶50,487, a fun tax dispute showing we’ve yet to figure this whole thing out. Go Tell ...

Getting Hired–Your Picture

Getting Hired–Your Picture
All of the big accounting firms do some sort of “summer leadership program,” which is really just accounting speak for “recruiting.” The bright-eyed college kids learn about as much about leadership at these things as they could flipping burgers at McDonalds. I don’t believe attending helps your chances to get hired (at least I’ve never ...

Accountants Suck at Math

Accountants Suck at Math
Tell me if you’ve heard this one before: girl who is a genius at math is so amazing she started doing her parents taxes at 5 years old. I recently read Scott Westerfeld’s “The Secret Hour,” and even though the entire book was about crazy creatures who exist only during the 25th hour of the ...

Don’t Mess With Shulman

Don't Mess With Shulman
I guess IRS Commissioner Douggy Shulman wasn’t too happy with the proposed budget cuts to the IRS. He wrote his version of an angry letter to congress with the following: “cutting the IRS budget by the contemplated levels would mean that front-line IRS staffing levels must be substantially reduced, leading to a measurable decrease of ...

We’ll Pay For It With Oil

We'll Pay For It With Oil
Once again we’re after the Oil & Gas Companies. Look, I’m not saying that I have any affinity for these top five gas companies that keep being targeted. Yes, my dad does own stock in Exxon, but that’s just because he worked there for a couple unenjoyable years. Really, these companies are just like any ...

Warren Buffet and I Make Taxes

Warren Buffet and I Make Taxes
Dear Mr. Buffet, First of all, did people call you “Warren” growing up? It just doesn’t sound like a very appropriate name for a little kid, and I can’t think of any nick names other than “Warney,” which is unlikely to catch on any time soon (like I mentioned in my last post, naming isn’t ...