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Free Small Business Accounting With QuickBooks book on QuickBooks-wiki.com

Small Business Accounting With QuickBooks is the title of a 350+ page book. Mike Block, QuickBooks CPA, liked Small Business Accounting With QuickBooks so much he bought all rights to it years ago. He now has the entire Small Business Accounting With QuickBooks book available on his free wiki site: QuickBooks-wiki.com. That means you are free to read, print and search this free Small Business Accounting With QuickBooks book that Amazon once sold for $29.95. Even better, it means we all can freely log in to and UPDATE the free Small Business Accounting With QuickBooks book and make it a free eBook.

Soon Mike's latest insider tips from this QuickBooks-Blog.com and his BlockTax.com and QuickBooks-add-ons.com sites will be part of the free Small Business Accounting With QuickBooks and the free QuickBooks-wiki.com. There also will be many free Small Business Accounting With QuickBooks and QuickBooks-wiki.com updates, for all the of many QuickBooks insider tips that made Mike a recent two-time Intuit QuickBooks "Ask the Expert" on QuickBooks Errors and Speeding Up QuickBooks Performance. Mike even asked Intuit to keep his Ask the Expert site open so you can keep asking questions about QuickBooks Errors and Speeding Up QuickBooks Performance. This is especially important now that we are OUT of time to get a Free QuickBooks 2010 to fix QuickBooks Errors and Speeding Up QuickBooks Performance.

Even before this Free Small Business Accounting With QuickBooks on QuickBooks-wiki.com annoucement, Google gave the QuickBooks-wiki.com site, and its companion qbswiki.com site, a Page Rank of 2. You can  now decide how much you want to read and update this Free Small Business Accounting With QuickBooks book.

Social Security's New Math: Who Loses? Everyone Loses! #2

I was one of many writing about Social Security's New Math: Who Loses? Unlike others, I added Everyone Loses! I did so because Social Security and Medicare have always been Ponzi Schemes, far beyond anything even Madoff could envision. They never limit benefits based on income, assets and life expectency. Like Madoff, they simply use new money coming in to pay current benefits. Here is why we can now talk about Social Security's New Math: Who Loses? Everyone Loses!

This is from the official 2009 Annual Reports of the Social Security and Medicare Boards of Trustees, "Social Security could be brought into actuarial balance over the next 75 years with changes equivalent to an immediate 16 percent increase in the payroll tax (from a rate of 12.4 percent to 14.4 percent) or an immediate reduction in benefits of 13 percent or some combination of the two... The Medicare Report shows that the HI Trust Fund could be brought into actuarial balance over the next 75 years by changes equivalent to an immediate 134 percent increase in the payroll tax (from a rate of 2.9 percent to 6.78 percent), or an immediate 53 percent reduction in program outlays, or some combination of the two." That is why we now say, Social Security's New Math: Who Loses? Everyone Loses!

That means the total Social Security and Medicare tax should now be 21.18% of payroll, instead of 15.3% of payroll, This will simply to break us even on benefits elected representatives already agreed to pay. As a CPA, this makes me sick. It is one of many clear cases where we spent a lifetime legally stealing from our children and grandchildren. The saddest part is that the most important thing we stole from our children was an understanding of our theft and the obvious two-party government hypocrisy. The next time you see a problem that cries out for a government solution, examine it closely. You are almost sure to find that government caused the problem. Until we do that, we will keep discovering Social Security's New Math: Who Loses? Everyone Loses!

Social Security's New Math: Who Loses? Everyone Loses!

Social Security's New Math: Who Loses? Everyone Loses! I have long shown clients that Social Security was a terrible investment. It takes around 13 years to break even if you delay retirement from 62 to 65 or the equivalent, NOT counting interest income. Few live long enough to break even if you count the interest you can earn on your first three years of early retirement, not to mention the interest on a lifetime of Social Security investments. This changed little with gradually increasing age requirements, so Social Security's New Math: Who Loses? Everyone Loses!

S-corporations let you pay yourself a big salary even if you do not make much. The extra salary costs you nothing in income tax, since the S corp loss offsets the salary. That sometime makes me calculate the break even on a high salary, with high social security tax, versus increased social security benefits. NEVER in my long career did a client feel the extra tax was worth the extra benefits. This shows you that Social Security is only a good deal if an unrelated employer pays half its cost. Of course, you may not realize that employers factor in this extra cost and pay you less. In short, Social Security's New Math: Who Loses? Everyone Loses!

The worst part about Social Security has long been that benefits are grossly excessive compared to costs. The the official 2009 Annual Reports of the Social Security and Medicare Boards of Trustees makes this very clear. We may now take a very small (inadequate) first step towards bringing benefits in line. We are only doing so because the Social Security Trust Fund already pays out more than it takes in and may otherwise soon be broke. This involves skipping an annual cost of living increases for social security beneficiaries, so Social Security's New Math: Who Loses? Everyone Loses!

Barring action by Congress, 2010 will be the first year in 35 years that seniors don't get a cost-of-living adjustment. Benefits won't shrink, but it will be a cut because of rising medical costs and overall inflation, not to mention the severe recession that cost most of us lots of money. This makes minimizing Social Security and Medicare, while paying minimum amounts for coverage, a big reason for S corps. This confirms Social Security's New Math: Who Loses? Everyone Loses!