July 16, 2018

complexity

Simplifying Financial Reporting Is Hard

As a concept, business is simple. Someone willing to buy a thing or a service gives you money for that thing or service. If you sell lots of things or services then you’ve really got something good going. Hooray! You’re an entrepreneur.

A Three-Page Tax Code Would Keep Accountants Plenty Busy

The US tax code is too complicated. This is known. In the race for president, like all races for president in recent memory, candidates promise a simpler tax code. Close this loophole, eliminate that credit, CUT EVERY RATE IN SIGHT. It's all just theater, albeit, incredibly boring theater. Taxes are boring and complicated and they […]

It’s Nice to Know That Tax Credits Aren’t Going Completely to Waste

This is what happens when tax breaks are used as political favors: Tax consultants estimate that eligible businesses obtain as little as 5% of the main domestic tax breaks that they are entitled to claim. That means firms are leaving tens of billions of dollars on the table every year. Out of 1.78 million corporate […]