Accounting has its set of rules as does tax. They are sometimes miles apart in their application. That's the reason why many times the net income on the Income Statement of a company is much different from the taxable income as shown on a tax return for that same company.
Wayne Brasch
If you have the assets and are willing to fund the grant, it is amazing what you can set up. If Sir John put enough in to the funding and put savvy enough people in charge, in a hundred years you would have people referring to the Nobels as "like the Templeton." That is based on the assumption that northern europe still exists in another hundred years.
Timo, I didn't know you also had a degree in psychology. Looking forward to looking up your scholarly publications.
Your point is? Every few years, they redesign the airplane, the car, your clothes, the hairstyle, and your tv set. That does not mean these products are not worthwhile.
only smart people can earn enough $$$ to fund a lasting grant. Mr. Templeton had to beat out millions of very aggressive competitors to get to his position of wealth and success; he must have good reason to want to fund a prize in accounting. Who are you to criticize him?
Do you even know ANY accounting or finance? Do you go around criticizing stuff you don't know jack about?
(snip)
Ron, good to see that you haven't lost any of your touch of humor.
I agree with you position.
Reminds me of the long debate I had years ago on this forum with Ed Zollars, Tax Partner of Henricks, Martin, Thomas & Zollars. As I understood his position, since the Board of Accountancy had jurisdiction over a CPA in tax practice, tax was accounting. My position was that was form over substance and not a relevant argument.
A convenience in the administration of law does not change reality. I still hold, that if you want to lump taxation into anything, it would best be lumped in with the practice of law. That would only be for definitional purposes, not administrative purposes.
A Freudian slip, perhaps?
On Sun, 11 Sep 2005 20:45:06 GMT, in alt.accounting Ron Todd wrote in :
In the US there are three ways that I am aware of to practice tax: you can be a CPA, be a member of the Bar, or pass an IRS test.
Although, as far as I know, attorneys rarely actually crunch the numbers in order to come up with a return for a client...
one day somebody will design a cheat-proof way to make everybody pay all their taxes and win the nobel prize for it.
You don't have to have accomplished any of these in order to prepare tax returns in the US. Some States do have some requirements, but most don't.
Wayne Brasch
a so-minded college kid can get a job at a large (unnamed) tax preparation service preparing tax returns for $19 an hour.
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