Wednesday, November 18, 2009

Back to The Office

After two days at another CPE, it's back to the office this morning. This round of CPE wasn't sponsored by the Oklahoma Society of CPAs; this is the first of two that our Thursday tax luncheon group puts on and it attracts maybe 30 other professionals throughout the city. No, it's not as classy as the OSCPA - you're on your own for lunch and the people who put it on are nebbish CPA types, not cool professionals - but the facilities are nice at Oklahoma City Community College and if you're looking for a no-frills, down-and-dirty, just-give-it-to-me-straight kinda thing, this is the place to be.

This CPE was an intense, two-day business tax review and dealt with new business tax issues as well. The consensus:

1.) Taxes will likely go up.

2.) The number of IRS audits have already gone up and will continue to grow.

3.) These audits will likely be performed by new hires which means:

a.) An unusual amount of havoc may result since these new hires are just learning. This could be a terrible to time to be audited, but

b.) An unusual amount of no-changes may occur as these trainees get their feet under them. So it may be a great time to be audited.

Bottom line: Yeah, I'm tootin' my own horn but if you haven't looked at having a professional do your tax return, now would be a good time to start looking. I happen to know of a great firm. Ask me and I'll tell you all about 'em.

No comments:

Post a Comment