Episode 21 - Welcome to Watsonville

January 11, 2018

In this episode, Michael Bryant and Matt Wheeler discuss the recent expansion of Wheeler Accountants to Watsonville and Santa Cruz County and what this means for current and future clients of the firm in this area.

Learn more about Wheeler’s expansion to Watsonville in this podcast:


Episode 20 - Donor Gift Accounting

December 14, 2017

At this time of year, many nonprofit organizations will receive donor gifts and it is imperative that they record the gifts in accordance with the donor’s wishes.

In this podcast, we’ll cover tips for proper recognition of donor gifts to nonprofits and some tips for gift acceptance policies.


Episode 19 - Q&A With Matt Wheeler

December 14, 2017

In this podcast, I’m answering some of the common questions that we receive from our clients at Wheeler Accountants. As our teachers often said, “Don’t be afraid to ask questions. Chances are, someone else has the same one!”  So you may hear an answer to one of your own tax-planning questions.

We hope you walk away feeling a bit more tax-savvy after listening to this Q&A:


Episode 18 - Tax Reform: What the Hell is Going On?

November 21, 2017

The current proposed tax reform changes may be the biggest changes to the Tax Code the country has seen since the mid 1980’s. To date, the government has been very light on details when it comes to proposed tax reform.  In late September the government released their “ Unified Framework for Fixing Our Broken Tax Code” outlining a little more detail on the potential changes being considered. In this podcast we review the key elements of the tax reform proposal and how those changes may impact you.

Learn more about tax reform in this podcast:


Episode 17 - 5 Potential Pitfalls of Holding Real Estate in Your IRA

November 14, 2017

Tax-deferred retirement accounts such as IRAs can be attractive sources of funds for taxpayers looking to diversify their investments. “Self-Directed” IRAs are one such type of retirement which can be used to invest in alternatives to traditional stock market investments such as real estate. While a great idea in theory, there are many potential pitfalls to holding Real Estate in your IRA.

Matt Wheeler shares more about the pitfalls of holding real estate in your IRA in this podcast:


Episode 16 - 5 Steps to Revenue Recognition

October 27, 2017

There are new Revenue Recognition Standards which will significantly impact all industries that sell a good or service. Specifically, we are discussing the Accounting Standards Codification (ASC) Topic 6 of 6 which was originally introduced in the Accounting Standards Update 2014 09.

Originally, Revenue Recognition Standards were based on different industries and what has been done now is that revenue recognition has been standardized across all industries. The changes to apply to every entity and focuses on contracts with the customers. Whether they are from construction, manufacturing, software, etc., all industries will now have same revenue recognition standards.

Learn more about the changes in Revenue Recognition in this podcast:


Episode 15 - Preparing for an Initial Financial Statement Audit – Part 2

October 12, 2017

Michael Bryant shares how audits can be a stressful and time consuming experience and why it is very important to prepare for an audit. The more you are prepared, the more time and money you can save.

Learn more about how to prepare for an initial audit statement in this podcast:


Episode 14 - Preparing for an Initial Financial Statement Audit – Part I

October 12, 2017

A lot of people become intimidated when they hear the words “Financial Statement Audit”. What most do not know is that the audit can be streamlined in such a way that it becomes an easy process.

The financial statement audit is important because it provides a verification of your financial statements from an independent third party source. When you have a financial statement audit, it starts to build your history and reputation, and the findings of the audit can be presented to banks and investors to help secure important deals in the future. It should be taken seriously.

Learn more about the initial financial statement audit and how to prepare for it in this podcast:


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.


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: