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Interesting development: IRS to add interest amount to late-issued tax refunds

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Soda taxes go flat in California, possibly Washington

With apologies to Charles Dickens, it is the best and worst of times for soda taxes. News out of Washington State today is that Seattle's sweetened beverage tax raised about $1 million more than predicted in its first three months. Seattle's tax — similar to others across the United States that tax a variety of sugary beverages but are popularly called soda taxes — took effect on Jan. 1, 2018 . In its first three months as law, it reportedly raised almost $4.5 million. If that pace holds throughout the rest of the year, it will blow past the city's budget office estimate that the tax would bring in nearly $15 million in its first year. Lawmakers who supported the 1.75-cents-per-ounce tax on certain drinks say it was enacted as a way to help reduce obesity and diabetes among Seattle's residents. A Seattle King County Department of Health representative said it's too early to know if the tax is having its intended health effects. Meanwhile, though, the local ...

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Tracy on the Where Accountants Go Podcast

Yesterday I appeared on Mark Goldman’s “Where Accountants Go” podcast. Mark owns MGR Accounting Recruiters , a company that matches employers with job seekers in the accounting and finance arena. We spent 30 minutes talking about my work as a forensic accountant, with a focus on how I got into the specialty and how I developed my forensic accounting practice. Mark and I talked about things like: I started out as a criminology major who wanted to become a prison warden someday A class on financial crimes investigations caused me to change course and become an accountant I used my time at Arthur Andersen to learn how accounting works in the real world (rather than just solving textbook accounting problems) How I made a career move to a forensic accounting firm before I started my own firm Using fixed fees in forensic accounting engagements for the past 21 years How I developed a client base Why I’ve been a solo practitioner for 21 years Why you should feel nervous before you te...

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