The most recent data reveals that the 45 million Americans who filed taxes claimed over a trillion dollars in deductions. And out of that giant number, over seven-hundred million dollars were from the standard deduction alone. And, to be honest, many of the people who took the standard deduction probably had the right to a […]
One of the key advances in computer technology in the last ten years has been the transition from 32-bit to 64-bit addressing. While the technical ramifications of this shift are a fascinating topic for programmers, the practical benefits had largely escaped the average computer user until the advent of data mining for professions like accounting. […]
The news has been covering many laws recently, but none are more pertinent in my industry than the proposed GOP tax bill. The truth is: whether the House bill or the Senate bill passes, there are big changes coming that will affect your tax returns. Here are some of the biggest possible changes. Take-Home Pay […]
Accounting is a mystery to most people who haven’t studied it. It’s complex and involves a ton of math, so people usually give up trying to understand it at the first sign of an unknown. As an accountant, I think it’s important for the general public to have a knowledge of some basic parts of […]
This is the first post on Douglas Labrozzi’s accounting blog.