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Snubbed Again! And a Sincere Apology
By Stacie Clifford Kitts CPA
I don’t get it. I didn’t make Accounting Today’s top 100 most influential people a-g-a-i-n. I mean, they don’t appear to think that my stay home tax practice or my quirky blog posts are influential enough to name. But I guess I should have been tipped off when I wasn’t contacted to supply a cute pic or provide a snappy bio.
*Heavy sigh* I guess there is always next year….
This year’s list includes many predictable faces. It also includes some fun new ones. Some of which I include in my list of Facebook friends.
Michelle Golden of Golden Practices makes this year’s list. Yeah Michelle. Michelle is the lady you want to know if you are looking for some social networking techniques that will benefit your CPA firm.
Geni Greer Whitehouse also makes the list – Geni is an expert in accounting technology and shares this with her accounting clients through her consulting services.
Other influential women listed are:
- Teresa Mackintosh, General Manager and Senior Vice President, Workflow & Service solutions, Americas – Professional, Tax & Accounting business of Thomson Reuters. (Good job, but might I suggest that you think about shortening up that title – what a mouthful!)
- Krista McMasters, CEO Clifton, Gunderson
- Gale Crosley, Present of Crosley &+Co.
- Cindy Fornelli, Executive director, Center for Audit Quality
- Rita Keller, President Keller Advisors
- Judy O’Dell, Chair FASB Private Companies Financial Reporting Committee
- Nina Olson, National Taxpayer Advocate IRS
- Rebecca Ryan, Founder Next Generation Consulting
- Mary Schapiro, Chair SEC
- Sue Swenson, President, and CEO Sage North America
- Jennifer Warawa, Senior director of partner programs Sage North America
- Sandra Wiley, Partner, senior consultant and COO, Boomer Consulting
- Jennifer Wilson Co-founder and owner, Convergence Coaching
My personal congratulations to all the professionals who made this year’s list.
On another note – Dear Geni – I screwed up.
Geni Greer Whitehouse provided me a copy of her fabulous book How to Make a Boring Subject Interesting so I could post an interview on my blog. To date I haven’t sent her any questions – this does not speak well for my follow through skills. Which really are good – I swear – or I wouldn’t have the client base that I have?
Regardless, I owe Geni an apology so let’s make it public –
Dear Geni
I want to send you my sincere apologies for failing to send you the list of questions for the interview. You may notice that I have ordered another copy of your book. This is because the initial copy that you so gracefully sent was “barrowed” by a client. It was apparently so helpful that I never saw it again. I will get those questions over to you. I found your book to be quite helpful. It played a key role in helping me to win a best speaker ribbon.
So there it is my lame excuse. If there was any good to come from my failure, it was what I learned 1) never lend out a book before I’m done with it, 2) don’t forgot – branding is important but consider the time investment and follow through necessary to pull off your strategy.
IRS Patrol: IRS Issues Guidance Explaining 2011 Changes to Flexible Spending Arrangements
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WASHINGTON — The Internal Revenue Service today issued guidance reflecting statutory changes regarding the use of certain tax-favored arrangements, such as flexible spending arrangements (FSAs), to pay for over-the-counter medicines and drugs.
The Affordable Care Act, enacted in March, established a new uniform standard that, effective Jan. 1, 2011, applies to FSAs and health reimbursement arrangements (HRAs). Under the new standard, the cost of an over-the-counter medicine or drug cannot be reimbursed from the account unless a prescription is obtained. The change does not affect insulin, even if purchased without a prescription, or other health care expenses such as medical devices, eye glasses, contact lenses, co-pays and deductibles. The new standard applies only to purchases made on or after Jan. 1, 2011, so claims for medicines or drugs purchased without a prescription in 2010 can still be reimbursed in 2011, if allowed by the employer’s plan.
A similar rule goes into effect on Jan. 1, 2011 for Health Savings Accounts (HSAs), and Archer Medical Savings Accounts (Archer MSAs).
Employers and employees should take these changes into account as they make health benefit decisions for 2011.
For details on current rules, see Publication 969 , Health Savings Accounts and Other Tax-Favored Health Plans.
Updates on this and other health care reform provisions can be found on the Affordable Care Act page on IRS.gov. Notice 2010-59 and Revenue Ruling 2010-23, posted today, further explains this change.
Related Articles
- IRS Health Savings Accounts (HSAs) – Eligibility and Rules (personal-tax-planning.suite101.com)
- The California Endowment Launches Statewide Effort to Educate Californians About the Benefits of the Health Care Law (eon.businesswire.com)
- Sebelius Announces 1 Million Medicare Beneficiaries Have Received Prescription Drug Cost Relief Under The Affordable Care Act (medicalnewstoday.com)
- Patient Money: High-Deductible Plans Grow, but Not Everyone Should Get on Board (nytimes.com)
- 16.6 million small business employees could benefit from ACA provisions starting this year (eurekalert.org)
- An Unexpected Answer on the Affordable Care Act & the Deficit (whitehouse.gov)
- Podcast interview: Impact of health reform on Flexible Spending Accounts (healthbusinessblog.com)
- Nearly 2,000 Employers and Unions Approved into New Affordable Care Act Program (nlm.nih.gov)
- Koch Industries Slaps Health Care Law With One Hand While Holding the Other Hand Out (crooksandliars.com)
Stacie's Tax Stuff 