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Wray Rives, CPA

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 Following: 88
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Julie on WFAA

Wray Rives, CPA posted an article on Wray Rives, CPA - Nov 25, 2011, 9:27 pm

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God is still in the miracle business

Wray Rives, CPA posted an article on Wray Rives, CPA - Aug 19, 2011, 2:32 pm
One of the kids I worked with in Zambia, wanted us to meet his mom and pray for her, so on Thursday during Camp Life, we took our entire group and went to visit Blessing's home.  Unfortunately when we arrived Blessing's mom had left to go to the market, so we walked around to some of his neighbors ...
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Zambia

Wray Rives, CPA posted an article on Wray Rives, CPA - Aug 11, 2011, 4:49 pm
I spent the past 2 weeks in Zambia Africa.  It was part vacation, my wife and I spent 4 days in Livingstone Zambia at Victoria Falls, one of the natural wonders of the world.  The second part of our trip was a sort of mission trip to work with disadvantaged kids in Zambia.  As wonderful as the fa...
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Alick

Wray Rives, CPA posted an article on Wray Rives, CPA - Aug 11, 2011, 4:22 pm
Alick lives in 3 rooms with no electricity with his mom, dad, 4 sisters and brother.  Alick attends community school where he is in 5th grade.  Math is his favorite subject and he wants to be a lawyer when he grows up.  Alick worries about having time to study for school, because he has to help...
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Samuel

Wray Rives, CPA posted an article on Wray Rives, CPA - Aug 11, 2011, 4:22 pm
Samuel lives with his mom, dad, 3 brothers and 4 sisters in 2 rooms with no electricity.  He is in seventh grade at a community school.  Samuel's favorite subjects in school are English and social studies.  He would like to be an accountant when he grows up. Samuel worries about being able to pa...
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John

Wray Rives, CPA posted an article on Wray Rives, CPA - Aug 11, 2011, 4:21 pm
John is 15 and in 6th grade at community school.  John lives in 2 rooms with his mom, dad, brother and sister.  His favorite subjects are science and social development studies.  John worries because he sometimes has headaches and they affect his vision. John missed the bus the second day of cam...
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Gift

Wray Rives, CPA posted an article on Wray Rives, CPA - Aug 11, 2011, 4:20 pm
Gift is an extremely bright young man who is in 7th grade at community school.  Gift lives with his mom's brother and does not know where his mother and father are as he has not seen them in several years.  Gift lives with his uncle and his wife and their two younger children.  His favorite subje...
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Victor S

Wray Rives, CPA posted an article on Wray Rives, CPA - Aug 11, 2011, 4:18 pm
Victor S. lives with his mom, dad 3 brothers and 6 sisters.  Victor is in 6th grade at community school, where his favorite subject is science.  Victor would like to be a pilot when he grows up. Victor worries because he has a recurring dream where evil spirits are trying to get him to drink fro...
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Levy

Wray Rives, CPA posted an article on Wray Rives, CPA - Aug 11, 2011, 4:18 pm
Levy lives with his mom, dad 2 sisters and 3 brothers. Levy is in 4th grade at community school and his favorite subject is math.  Levy wants to be an accountant when he grows up.  Levy typically only eats one meal a day, because that is all his parents can afford.  Levy needs a sponsor to insur...
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Joseph

Wray Rives, CPA posted an article on Wray Rives, CPA - Aug 11, 2011, 4:17 pm
Joseph lives with his mom, step dad, 3 brothers and 2 sisters.  Joseph attends community school where he is in 7th grade.  His favorite subject in school is science. Joseph is lucky enough to be sponsored by an American.  That sponsorship provides a group of discipleship leaders who work for Fam...
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Blessing

Wray Rives, CPA posted an article on Wray Rives, CPA - Aug 11, 2011, 4:16 pm
  Blessing is in 7th grade at community school.  His favorite subject is science and he wants to be a doctor when he grows up.  Blessing is worried because his family lives in very poor housing and his family, especially his mom, is chronically ill. Because Blessing lives in one of the worst par...
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Victor K

Wray Rives, CPA posted an article on Wray Rives, CPA - Aug 11, 2011, 4:11 pm
Victor lives with his mom, dad, one sister and 4 brothers.  Victor is an amazingly sweet and sensitive young man.  Victor is in the second grade at a government school where his favorite subject is science. Victor is a very sensitive boy who worries a lot about his family.  I would love for Vict...
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Tokyo Tweeters

Wray Rives, CPA posted an article on Wray Rives, CPA - Jan 27, 2011, 10:31 am
My middle son left for Tokyo last week.   One of his best friends is living in a small town in south Japan, Oita.  He is teaching English and I suppose generally corrupting the minds of young Japanese children.  I noticed that around the time he went to Japan, I started getting all these Twitter ...
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More on my dad and the state pen

Wray Rives, CPA posted an article on Wray Rives, CPA - Jan 21, 2011, 11:44 am
I have mentioned earlier that my father at the tender age of four was a regular visitor to the Mississippi State Pen.  He spent most of one summer there and a group of the inmates built him a small wagon that he could ride around the property.  They borrowed a female goat from the state farm hear...
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IE no longer supported

Wray Rives, CPA posted an article on Wray Rives, CPA - Jan 11, 2011, 11:28 am
If you have been using the internet for any length of time, you know that there once was a time when Internet Explorer was the standard for web page browsers.  IE had such a huge market share of the web browser market that every page on the web was built to be compatible with IE and if it worked wi...
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My dad and the state pen

Wray Rives, CPA posted an article on Wray Rives, CPA - Jan 5, 2011, 9:29 pm
My father was born in 1925, in rural Mississippi, so as you read this story remember that the world was quite different back then.  Two of my great uncles were guards at the state penitentiary in Mississippi known as Parchman Farm.  The older uncle was chief of the guards and his brother was the g...
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Facebook Ads

Wray Rives, CPA posted an article on Wray Rives, CPA - Dec 22, 2010, 12:01 pm
American Express ran a promotion through a Facebook page called Small Business Saturday. Given that I am into the whole small business market, I participated. Granted they were looking more for retail type small businesses not public accountants, but what the heck it was free and I really did not ...
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Twittering

Wray Rives, CPA posted an article on Wray Rives, CPA - Nov 8, 2010, 1:27 pm
Ok news from my travels in the Twitter world including one observation, one lesson and one cool new app. First An Observation-what is up with Twitter DM's?  Granted the DM (Direct Message) feature is not a prime reason for using Twitter and it is a poor substitute for email, but I do use it occasio...
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Why do we need that?

Wray Rives, CPA posted an article on Wray Rives, CPA - Oct 24, 2010, 9:29 pm
Maybe I am just in a bad mood, because they woke me up from my Sunday afternoon nap, but why do we need a group called "get out the vote"? Does anyone really not know that there is an election coming up?  I know I get bombarded with advertising every day from the various candidates.  If they don't...
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What's your name and whose your daddy?

Wray Rives, CPA posted an article on Wray Rives, CPA - Oct 20, 2010, 10:55 am
I am a foster parent.  My family and I have been a foster family since 1992.  I know the foster parents you hear about on the news are creepy people who keep their foster kids locked up and feed them mustard sandwiches.  You will just have to trust me, that is not us.  There has been some debate...
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You stick your toes in the water before you commit

Wray Rives, CPA posted an article on Wray Rives, CPA - Oct 20, 2010, 9:30 am
Both of the people who might happen to stumble upon my blog may have noticed that it is becoming more personal.  I can offer all kinds of excuses so here goes: 1.  Becoming a grand parent changes you.  You develop what I can only attribute to genetic instinct to pass on information to the followi...
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Pardon Me

Wray Rives, CPA posted an article on Wray Rives, CPA - Oct 19, 2010, 3:12 pm
You will have to pardon me for a short break from talking about money and finance to talk about something that is much more important.  Lucy Kate Rives came into the world at 9:45 yesterday evening and her grandparents could not be happier.
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Gone Phishing

Wray Rives, CPA posted an article on Wray Rives, CPA - Oct 13, 2010, 4:59 pm
I have two clients in the past week that have received an email supposedly from the Electronic Federal Tax Payment System. If you were not sure about how the IRS or EFTPS works, they would be pretty convincing emails. Here is the information from the IRS website on this scam. There is a fraud risk...
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The World of Twitter Can Get Mean

Wray Rives, CPA posted an article on Wray Rives, CPA - Oct 7, 2010, 10:28 am
I am assuming that both of you who read my blog, know that I am on Twitter. I am up to about 5,600 followers. I mostly do it for marketing of my CPA practice, but honestly it is kind of fun. I consider Twitter like an huge ongoing conversation or maybe with 5,600 conversations going on it is more...
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New guidance on changes to the adoption credit

Wray Rives, CPA posted an article on Wray Rives, CPA - Sep 29, 2010, 1:47 pm
The Internal Revenue Service today issued guidance on the expanded adoption credit included in the Affordable Care Act. The IRS also released a draft version of the form that eligible taxpayers will use to claim the newly-expanded adoption credit on 2010 tax returns filed next year. The Affordable C...
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How important is small business to the US?

Wray Rives, CPA posted an article on Wray Rives, CPA - Sep 23, 2010, 9:14 am
The Small Business Administration Office of Advocacy defines a small business as in independent business having fewer than 500 employees. Here are some interesting statistics from the SBA's website: Small Businesses: -Represent 99.7 percent of all employer firms -Employ half of all private sector e...
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Changes coming to Flexible Spending Accounts

Wray Rives, CPA posted an article on Wray Rives, CPA - Sep 15, 2010, 6:34 pm
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 prescripti...
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What a Difference an Education Makes

Wray Rives, CPA posted an article on Wray Rives, CPA - Jul 15, 2010, 5:09 pm

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A giant tub of peanut butter and a small business loan

Wray Rives, CPA posted an article on Wray Rives, CPA - Jul 7, 2010, 9:43 am
Sam's Club, a division of Wal-Mart Stores, Inc, that has made a name for itself by satisifying our need to consume in bulk is testing a program to offer loans to small business members of the club. The company announced that it is running a pilot program with Superior Financial Group, a federally l...
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10% Tax on Tanning Service Starts July 1

Wray Rives, CPA posted an article on Wray Rives, CPA - Jun 23, 2010, 5:54 pm
The Patient Protection and Affordable Care Act, included a new excise tax of 10% on fees charged for indoor tanning services.  If your business provides tanning services, you are very likely subject to the new tax which begins for payments received after June 30, 2010. The IRS  issued regulations ...
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Tax Breaks for Health Professionals

Wray Rives, CPA posted an article on Wray Rives, CPA - Jun 16, 2010, 10:15 pm
Congress has passed the Affordable Care Act, which contains a tax break for health care professionals (doctors and nurses) who choose to practice in under-served areas.  Prior to 2009, healthcare workers that participate in the National Health Services Corps Loan Repayment Program have been able to...
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Come on guys you are better than this

Wray Rives, CPA posted an article on Wray Rives, CPA - Jun 10, 2010, 9:06 am
I am talking to you Google.  If you opened up Google today, you may have noticed that your background changed.  It is a new feature with the Google page.  A couple of weeks ago Google introduced the option for you to have a different background when you open the standard Google.com.  I don't kno...
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Wray Rives, CPA is following the blog Brian L Art

Don't fall for this one

Wray Rives, CPA posted an article on Wray Rives, CPA - May 26, 2010, 8:33 pm
There is an email going around, that I guess is supposed to scare you into taking up arms against the federal government.  I know this kind of stuff floats around on a regular basis, but this one hits close to home because it is on a topic, I actually know a lot about...taxes.  It is interesting t...
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Qualified nonpersonal use vehicle

Wray Rives, CPA posted an article on Wray Rives, CPA - May 20, 2010, 11:57 am
Qualified nonpersonal use vehicle-a title only the government could come up with.  Let's start with a little background.  Most business owners know that if they use their personal vehicle for business use they have to keep a record of the business miles they drive in order to take a tax deduction ...
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I am the 38,450,195th richest person in the world

Wray Rives, CPA posted an article on Wray Rives, CPA - May 13, 2010, 9:05 am
Last year, 2009, was a financial challenge for me and I can't say 2010 is looking to be any easier.  Like a lot of folks, I had to budget and make some hard choices about where I choose to spend my income.  I feel like I work a lot harder and see fewer results financially than I have in past years...
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Political correctness run amok

Wray Rives, CPA posted an article on Wray Rives, CPA - May 7, 2010, 4:20 pm
It seems that wearing a shirt with an American flag or red, white and blue is inappropriate these days.  At least if you wear such a shirt on Cinco de Mayo (an American made Mexican holiday)  Five students at Live Oak High School in Morgan Hill, CA (you knew it was going to be in California didn't...
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What a 350 Point drop in DOW means

Wray Rives, CPA posted an article on Wray Rives, CPA - May 6, 2010, 5:11 pm
Unless you really are not paying attention you probably realize that the Dow Jones Industrial Average dropped 348.63 points today.  At one point during the day it had actually dropped almost 1,000 points (998.5 to be exact). All of this because some Greeks rioted in the streets? Well kind of.  No...
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While we are on the subject of annoying

Wray Rives, CPA posted an article on Wray Rives, CPA - May 6, 2010, 9:49 am
I am not usually a big conspiracy theorist, but I know Yahoo and Microsoft have been talking a lot more these days.  That's what having a common threat (Google) can do to competitors.  Maybe Yahoo got this idea from Microsoft (see last week's post on annoying features in products), but I have an i...
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Who was Dan Duncan and why should you care?

Wray Rives, CPA posted an article on Wray Rives, CPA - May 4, 2010, 5:34 pm
Dan Duncan was the 74th richest person in the world.  I say was because Mr. Duncan passed away on March 28 of this year.  His death is important because Mr. Duncan left behind a $9 billion dollar estate and based on current tax laws his heirs will be paying zero dollars in estate taxes. You see th...
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Why your product should not annoy people

Wray Rives, CPA posted an article on Wray Rives, CPA - Apr 29, 2010, 5:35 pm
Hey Bill Gates, listen up I got a problem with your products.  Ok I know you are semi-retired or something like that, but you are still the face of Microsoft and I am pretty sure that you could place one phone call and make something happen over there.  My problem is I have a Hotmail account, actu...
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Ethics Works

Wray Rives, CPA posted an article on Wray Rives, CPA - Apr 19, 2010, 10:47 am
I am a CPA, and by definition of my job I am supposed to be an ethical person.  Unfortunately given to failings of many in my profession, I also have to attend a four hour class every other year to remind me that I am a CPA and supposed to be ethical.  I am not one to be all nostalgic and remember...
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More on Tax Day Bill 2010

Wray Rives, CPA posted an article on Wray Rives, CPA - Apr 16, 2010, 9:00 am
Yesterday, we talked about the new Taxpayer Assistance Act of 2010.  Today I want to cover some more provision of the bill.  Congress wants to "help out" the American Taxpayer. The new bill will allow the IRS to refer qualifying taxpayers to Low Income Taxpayer Clinics, which are intended ...
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Tax bill for tax day

Wray Rives, CPA posted an article on Wray Rives, CPA - Apr 15, 2010, 10:59 am
Finally the US House has agreed on something, a new tax bill for tax day!  Yesterday the House voted 399 to 9 to approve the Taxpayer Assistance Act of 2010.  In my dictionary assistance is kind of like help and this makes me think of the old joke that you know you are in trouble when you ...
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Amplify it!

Wray Rives, CPA posted an article on Wray Rives, CPA - Apr 1, 2010, 12:30 pm
If you have read my previous posts about social media, you probably realize that I have been using social media to  promote my public accounting practice.  I know a CPA trying to do marketing, it's a scary prospect!  One of the tools I discovered is a site called Amplify (www.ampl...
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Are you interested in finding out what is happening with...

Wray Rives, CPA posted an article on Wray Rives, CPA - Mar 31, 2010, 9:29 pm
Are you interested in finding out what is happening with small business owners and how they are saving for retirement?  The Small Business Administration has released a paper entitled  Saving For Retirement:  A Look at Small Business Owners.
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Ten Things the IRS Wants You to Know About Identity Theft

Wray Rives, CPA posted an article on Wray Rives, CPA - Mar 24, 2010, 11:14 am
 IRS TAX TIP 2010-58Criminals use many methods to steal personal information from taxpayers. They can use your information to steal your identity and file a tax return in order to receive a refund. Here are 10 things the IRS wants you to know about identity theft so you can avoid becoming the v...
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I told you so

Wray Rives, CPA posted an article on Wray Rives, CPA - Mar 19, 2010, 10:26 am
This post is for all my friends who said that we need health care reform and that the president's proposal was not going to cost them anything.... Where is the money coming from? 3.8% Medicare tax on investment income.  Investment income includes interest, dividends and rental incomes. &n...
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About Me

Certified Public Accountant with over 25 years of experience.
*Business consulting
*Strategic Planning and Budgeting
*M&A Acquisition/Divestiture Support
*Tax Planning and Return Preparation
*Capital Restructuring
*Senior Level Interim Management Support
*Sales/Marketing/Product Planning
*Foreign Markets
*IT Planning and Support
*SOX Compliance

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