Outright.com announces winner for wackiest tax extension excuse competition
by AccountingWEB on
Outright.com, the online bookkeeping service for the small, self-employed entrepreneur, recently announced the winner in its contest for who could come up with the strangest or most interesting excuse for needing a tax extension.
There were 30 participants in the contest, vying for a prize purse of $500.
The winner, Debra Robison of Rudy Media, explained that she had to move in February to accept a new job, a writer-in-residence position. Then a sudden injury sent her to the hospital for a week. While in the hospital her dog ran away, was found, had an incident with a small child, and Deb was asked to move out of the in-residence house and take her dog with her. A break-in occurred in the house, adding to the excitement, her prior injury reoccurred and she had to return to the hospital, causing her to lose her job because she couldn't keep up with the work while hospitalized. During the hospitalizations and residence changes, her financial records were in storage, thus the need for the extension.
Other contest entries included descriptions of failed adoptions, problems with software, confusion with tax laws, too many hours in the workday, new baby, computer crash, recent divorce, preparing for graduation, overworked, cat threw up on accounting records, no time, no sleep, accountant moved away, no money to pay an accountant, and the list goes on. You can read all of the entries, some sad, some entertaining.
Tales of woe are nothing new to Outright.com. The company provides business owners with the opportunity to track income and expenses, calculate taxes, and prepare and send out 1099s. "It's about cash-based accounting. There's no chart of accounts, no debits and credits, no jargon," explained Kevin Reeth, Outright.com's co-founder and CEO.
According to Reeth, the typical Outright.com users " are people who have to do everything themselves. Spending nights and weekends dealing with accounting software is not where they want to spend their time."
Outright.com launched in July, 2008. This is the first year the tax extension contest has been offered. Reeth sees the contest as a way to build a sense of community. "A goal was to see where do people get excited, what kind of contests pique their interests, what are their shared problems."
The contest was promoted on Outright.com's Facebook page. The company also encourages users to ask questions and share solutions on its site. "Self-employed people tend to be very collaborative and supportive of each other." The company is also active on LinkedIn and Twitter. "We're learning as we go," said Reeth. "We're just being out there where the customers are."
You may like these other stories...
IRS audits less than 1 percent of big partnershipsAccording to an April 17 report from the Government Accountability Office (GAO), the IRS audits fewer than 1 percent of large business partnerships, Stephen Ohlemacher of the...
Legislation coming out of Washington just might reduce homeowners' burden for disaster insurance. It's a topic very much on everyone's minds since the mudslide in Oso, Washington. The loss of human life was...
Divorce is hard, and the IRS isn't going to make it any easier. The IRS generally says "no" to tax deductions that might ease the pain of divorce. In certain circumstances, however, you might be able to salvage...
Upcoming CPE Webinars
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.