When accounting goes unaccounted for
“A client injured his wrists, so the doctor told him to keep his wrists elevated. He asked me if he purchased a Harley with those high handlebars, can he deduct that as a medical expense? I told him to show me the prescription from the doctor.”
— Lawrence Pon, CPA, told the Washington Post when asked about outlandish tax deductions he’s had clients try to claim.
People try to claim the darnedest tax deductions to reduce their bills [Washington Post]
“Please, please, please partners. Bill now. We need another billing month like March if we […]
Financial Times has reported that Financial Reporting Council head Sir Jon Thompson — who last year […]
“We’re confident that a Congress manned with our pledge signers will be prepared to take the necessary steps to pass permanent repeal of this un-American, outdated policy and stand up for small family businesses, the real job creators in our country.”
~ Dick Patten, President of The American Family Business Institute, says the estate tax is toast now that Senate candidates like Sharron Angle, Ken Buck and Rand Paul are on board with the AFBI’s “Death Tax Repeal Pledge.”