As accountants, we get excited about numbers. It’s kind of what we do. That’s why we’re tipping the hat to our favorite mathematical constant one day early here at the REM Cycle. March 14 is traditionally Pi Day, a global celebration of π, or Pi. Pi is the ratio of the circumference of a circle to its diameter, approximately 3.14159. (March 14 = 3.14 … get it?) So while we’ve got some great tax-related content for you today, you can also delight in some smart and quirky pi facts, courtesy of Raich Ende Malter & Co. LLP. You’re welcome.
Retiring soon? Forbes has an excellent guide to 12 retirement investment options. [Forbes]
Philadelphia accountants overlooked sales tax for a food service client. Waterfront Gourmet Corporation of Philadelphia is now on the hook for over $70,000 in back sales tax, including penalties. What happened? [PennRecord] (Full disclosure: Waterfront does not sell pies. We checked.)
Not everyone can effectively use Health Savings Accounts. But it’s definitely worth learning the ins and outs of HSAs—and how they can fit into your tax deductions. [The Motley Fool]
“A host of errors and ambiguities.” Ouch. Apparently, rushing a bill through Congress can result in costly mistakes—especially when it's a set of laws that fundamentally change our tax structure. Here’s what happened, and what the government is doing to address it. [New York Times]
ICYMI: The rich are happier about their taxes than the poor. Huh? [MotherJones.com]
8 National Pi Day 2018 Freebies and Deals: [Parade]
RECIPE: Bake the perfect Pi. [Pillsbury.com]
VIDEO: Calculating pi with real pies. We are So. Hungry. Right. Now. [YouTube]
The Wake-Up Call is The REM Cycle’s biweekly compilation of newsworthy articles pertaining to taxation, accounting, and life in general. Got a hot tip? Email us at REMCycle@rem-co.com.