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Monday, February 28, 2011

Thoughts On Backup Today

I have added the following as a comment on the post I made on USB 3.0 in January, 2011 ( http://taxtechcpa.blogspot.com/2011/01/usb-30.html ).  I posted it there as it is an continuation on that subject, but am also posting it as a 'new thought' here.


One utilization I have been making of USB 3.0 speed is a connected external hard drive (in my case it happens to be Western Digital) that automatically backs up my desktop (in my case it happens to be a Lenovo W510 notebook) on a continuous basis, in the background.

Of course, the continuous part, is when the notebook is physically present in the docking station. When I have the notebook with me away from my desk (docking station through which the WD 3.0 USB drive is connected)new files are being created (those of which I am aware and some of which I am unaware) and stored on the notebooks internal drive. When the notebook is returned to the docking station and the WD 3.0 USB drive is "unlocked" (via password), it automatically finds and backs up any new files.

Though I am using it with a notebook desktop, it would be equally functional for a traditional desktop backup always being up to date. Even so, other backup routines, to capture the state of files at a 'point in time' are still needed. 

Friday, February 25, 2011

Report on Ray Kurzweil's Singularity Presentation Feb 16 and 17

Kurzweil has been compared to Nostradamus for his spot-on predictions of technology and the future, as well as been likened to a lunatic. The theory of singularity suggests a complete merger of human and machine that will create super intelligent, immortal beings. The philosophical and spiritual ramifications are great as viewers contemplate what it means 
to be human and our role on this planet.


http://laist.com/2011/02/23/singularity_is_unknown_futurist_ray.php

Tuesday, February 22, 2011

A Look At Global Poverty

From Brookings Article Dated February 22, 2011, Linked Below:


The decline in poverty is happening in all the world's regions and most of its countries, though at varying speeds. The emerging markets of Asia are recording the greatest successes; the two regional giants, China and India, are likely to account for three-quarters of the global reduction between 2005 and 2015. Over this period, Asia's share of the world's poor is anticipated to fall from two-thirds to one-third, while Africa's share is expected to rise to nearly 60 percent. Yet Africa, too, is making advances; we estimate that in 2008 its poverty rate dropped below the 50 percent mark for the first time. By 2015, African poverty is projected to fall below 40 percent, a feat China did not achieve until the mid-1990s.

http://www.brookings.edu/opinions/2011/0125_poverty_chandy.aspx

For a visual look at what the article asserts, go to following link and click on 'play'.

http://tinyurl.com/2wqyoal


The movement of the countries, geography denoted by color; population by size, from left to right shows the significant economic change (through 2009).  The movement from bottom toward top depicts increase in life expectancies, a different though related topic.



Sunday, February 20, 2011

Federal Tax Share By % Of Income Over Time

This chart, developed by retired Western Asset economist, Scott Grannis, shows the individual income tax revenue produced by various "top tax rates" over time.  In 1980 the top 10% in earning paid 50% of the tax, whereas in 2008 they paid 70%.  The amount paid by the top 1% accounts for over 10% of the increase.

Friday, February 18, 2011

Thursday, February 17, 2011

Boomers And Retirement


A A A


Contact(s):
Jonathan Cox
919-402-4499
jcox@aicpa.org

AICPA Survey: Many Baby Boomers See Retirement Delayed at least 4 Years 

Retirement postponed despite resurging confidence in markets 
Published February 16, 2011

New York (Feb 16, 2011) — Half of Baby Boomer clients who have postponed retirement due to  the economic downturn expect to work at least four years longer than they originally planned, according to CPA financial planners surveyed by the American Institute of Certified Public Accountants.


http://www.aicpa.org/Press/PressReleases/2011/Pages/AICPAPFP2011.aspx

IRS Asks E-File Transmitters to Slow Down

IRS Asks E-File Transmitters to Slow Down

WASHINGTON, D.C. (FEBRUARY 16, 2011)

BY MICHAEL COHN
The Internal Revenue Service has requested that private sector transmitters of e-filed returns stagger their submission of returns over the course of this week, according to one industry group.

http://www.accountingtoday.com/news/IRS-Asks-Efile-Transmitters-Slow-Down-57319-1.html?ET=webcpa:e1297:85046a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_021611

Wednesday, February 16, 2011

When You Don't Have Cash For Federal Tax Owed


Help! I can't pay my tax bill

You're almost done with your federal income tax return, and you're already thinking of ways to spend your refund. Then, the unthinkable happens--instead of a refund, you find that you owe $3,000. Or perhaps you've just received an IRS notice in the mail claiming that you owe $9,000 for the retirement plan distribution you took two years ago. You thought it was tax free at the time. Whatever the reason, you're now in the unenviable position of owing money to the IRS--and you don't have the cash. What do you do now?
First, don't panic. You have several options. That said, however, don't put your head in the sand. The IRS won't go away, and the amount you owe will only grow larger if you procrastinate. If you ignore your tax bill entirely, not only will interest and penalties accrue, but the IRS may go after your assets and wages as well. You can avoid all of that unpleasantness by finding a way to pay your taxes. Here are some possibilities.


http://www.360taxes.org/Topics/Crisis-Disaster/Help!-I-can-t-pay-my-tax-bill

Tuesday, February 08, 2011

Why You Should Always Upgrade To Latest Adobe Reader

Ordinary users generally should not upgrade everything possible as soon as possible.  The free Adobe Reader may be an exception.  The PDF format (used by Adobe Reader) has become a defacto standard.  Some version of Adobe Reader is apt to be on every computer.  If it is not, it should be.  Each version of Adobe Reader will do something that a prior version would not.  The most recent version of Adobe Reader  is Version X.  It can be downloaded here.  After installing and opening Adobe Reader X, you will notice at the bottom of the startup menu is a link to Add Notes to Your PDF File.  Using Sticky Notes and Highlighter tools to add comments to a PDF document is very useful.  When sharing documents between computer users the various versions (Word, Excel, etc.) can be problematic since various levels of MSOffice is installed on various computers.  With the free Adobe Reader there is not a cost factor involved (other than download and installation time) in staying at latest level and consequently be able to open all PDFs created by any prior version of Adobe PDF Writer.

Wednesday, February 02, 2011

Worldwide mobile data traffic will be 75 exabytes a year by 2015


February 2, 2011 by Editor
Worldwide mobile data traffic will increase 26-fold during 2010 – 2015 reaching 75 exabytes a year by 2015 due to a projected surge in mobile Internet-enabled devices delivering popular video applications and services, according to the Cisco® Visual Networking Index (VNI) Global Mobile Data Traffic Forecast for 2010 to 2015.