Entries by Michael Ericksen

Tax Cuts and Jobs Act

On December 22, 2017 President Trump signed the largest income tax change in thirty years. It is a complex bill with many changes, but for the most part taxpayers will be paying less taxes in 2018. With 3 simple examples I shall try to demonstrate the impact this new law may have on your own […]

Benford’s Law

Benford’s Law I have been in accounting for forty years and I just recently learned about Benford’s Law.  This law states that the first digit of number is much more likely to be a low number rather than a high number.  In fact if a set of data was to conform exactly to the law […]

30 years of Software Changes

An account of the software history from Michael Ericksen, WAC Solution Partners- Midwest When I started my company 30 years ago, the computer landscape was much different.  Microsoft Windows existed, but it would not be become popular until version 3 was released in 1990.  IBM had just released the PS/2 with the 3 ½” floppy […]

Designing Financial Statements Correctly for use with Sage Intelligence Reporting

In all my years of working with financial information I have found two ways to hide information (something a business with integrity would never want to do).  The first is illegal which is to not actually report the information.  The second is legal and is to bury it with detail.  When there is too much […]