Episode 13 - Pack Your Bags - State Residency Considerations

September 12, 2017

Matt Wheeler shares more information on rules and considerations when it comes to tax planning for a change in State Residency. For taxpayers in high income states with large tax bills, or taxpayers who are anticipating large liquidity events, State Residency planning can be one of the top ways to generate huge savings. Certain types of income are taxed only to the state of primary residency while others are taxed to the state where they are generated. Learn more in this podcast.

00:0000:00

Episode 12 - What To Do When the IRS Comes Knocking

August 8, 2017

In this podcast Matt Wheeler shares the steps you should take when you receive a letter from the IRS. One of the first steps you should take is to get a representative involved, who will begin working on your behalf to resolve the issue as soon as possible and determine the proper strategy to have in place for an optimal outcome.  Learn more about the IRS, audits, and preparation in this podcast:

00:0000:00

Episode 11 - Financial Statement Services Explained

July 28, 2017

Financial Statement Services Explained

Michael Bryant explains what financial statement services are and how financial statements can assist business owners when they are considering expanding their business. Whether it is purchasing a building, looking to secure a line of credit, many banks ask for financial statements. Even some nonprofit companies (depending on the state) need financial statements for various reasons. Learn more about financial statement services in this podcast:

00:0000:00

Episode 10 - Six Key Considerations – Roth Retirement Accounts

July 4, 2017

Matt Wheeler shares 6 key considerations for Roth Retirement accounts, and how the tax-free aspects of this account excite a lot of people at first glance. However, there are a lot of things to consider before actually funding a Roth Retirement Account. The money that goes into a Roth account is post-tax money, and while a Roth Retirement Account can be a good idea, proper planning is key to be tax efficient over the long-term.

Learn more about Roth Retirement Accounts and the six key considerations in this podcast:

00:0000:00

Episode 9 - Vacation Home Tax Considerations

July 4, 2017

Matt Wheeler shares how many people are unaware of the substantial tax breaks available to them when they own a vacation home or multiple homes. If you are not using your vacation home often, then it may be advantageous to consider renting out the property.  Learn more about the possible tax breaks available if you consider renting out your second/vacation home in this podcast:

00:0000:00

Episode 8 - Choice of Entity – Multiple Owners

June 14, 2017

Matt Wheeler shares his insights on the pros and cons of the different entities available to businesses with multiple owners. In this podcast Matt covers Partnerships, C Corporations, and S Corporations. Each fact pattern is unique and the decision on which legal entity to use will hinge on these subtle details.

Learn more about the different legal entities available to multiple owner businesses in this podcast:

00:0000:00

Episode 7 - 7 Common Peer Review Deficiencies

May 19, 2017

In this podcast Michael shares 7 common peer accounting review deficiencies that he has gathered to help his current clients, prospective clients and the CPA industry. Learn more about these common peer accounting review deficiencies in this podcast:

00:0000:00

Episode 6 - Choice of Entity (Part 1)

May 19, 2017

Matt Wheeler discusses the different forms of legal entities for business owners, and how to identify the appropriate form of entity needed for a new business venture or an existing business you are thinking about changing the structure of. As a business owner you will need to consider all the tax, legal, and practical implications. However, one of the first things you really need to ask is, do you even need a entity for your business? Learn more in this podcast:

00:0000:00

Episode 5 - Accounting Standards Updates - 5 Key Changes

May 18, 2017

The Financial Accounting Standards Board (FASB) released the Accounting Standards Update (ASU) 2016-14 in August 2016. Learning about this early is really important, as the Board has given some time before its implementation. This update changes the financial statement reporting for nonprofits. This podcast discusses the 5 Key Changes of the recent ASU 2016-14 for nonprofit organizations:

00:0000:00

Episode 4 - 7 Financial Strategies for Working Families

May 18, 2017

In this podcast we discuss the basic strategies that can at the very least, help working families position themselves better financially. The problem is that a lot of these young families don’t really have a strategy, or they start too late and did not take advantage of early opportunities.  Learn about these 7 Financial Strategies for Working Families in this podcast:

00:0000:00