Debit-This-Credit-That Podcast
Episode 42 - COVID19 Update #1

Episode 42 - COVID19 Update #1

March 23, 2020

We are back! This episode of Debit This, Credit That podcast discussed the (very) recent tax developments related to the COVID-19 outbreak. Please keep in mind things are rapidly changing and some of this information may be outdated by the time you listen. Please visit our website at www.wheelercpa.com/covid19/ for the latest developments and resources.

Episode 41 - TCJA’s Opportunity Zones Explained

Episode 41 - TCJA’s Opportunity Zones Explained

January 30, 2019

The Tax Cuts and Jobs Act, which came into effect at the tail end of 2017, has made changes to many aspects of income taxes here in the United States. In this episode of Debit This, Credit That, Matt Wheeler and Michael Bryant discuss a significant piece of legislation within the Act, known as opportunity zones or “o-zones”.

In this episode, you will learn:

  • About the tax advantages of investing in opportunity zones
  • Who is eligible to invest in opportunity zones
  • About the purpose of Qualified Opportunity Funds (QOF) and two main ways to benefit from them
  • How to locate qualified opportunity zones
  • What types of businesses qualify for the tax break
  • The time limitations on rolling your gain into a QOF
  • And more!

Tune in now as the Wheeler team uncovers what you need to know about opportunity zones!

Resources:  Wheeler Accountants

Episode 40 -  Bay Area’s Current Real Estate Market: Part 2

Episode 40 -  Bay Area’s Current Real Estate Market: Part 2

December 26, 2018

The current market may be down-trending, but sellers still have plenty of reasons to feel optimistic!

Today, Matt Wheeler and Michael Bryant are back with more expert advice from Alan Wang of Alan Wang Realty Group, who shares how sellers can maximize their house’s value and realize why this market isn’t all doom and gloom.

In this episode, you’ll learn:

  • How to make your house stand out in the market
  • Why Alan believes home staging is a worthwhile investment for sellers
  • Why now is a good time for prospective and existing homeowners to tax plan under the new law
  • How the market has changed for sellers of investment real estate
  • Why Alan cautions house-flippers to be careful in this market
  • And more!

Tune in now and get ready to sell in the Bay Area market with confidence!

Resources: WHEELER | Alan Wang Realtor

 

Episode 39 - Bay Area’s Current Real Estate Market: Part 1

Episode 39 - Bay Area’s Current Real Estate Market: Part 1

December 19, 2018

Is it a good time to be a buyer in the current Bay Area real estate market?

The answer is yes—and today’s special guest will tell you why!

Today, Matt Wheeler and Michael Bryant bring you expert advice from Alan Wang, founder of Alan Wang Realty Group and one of the Bay Area’s top-performing Keller Williams Realty brokers.

In this episode, you’ll learn:

  • Why sellers are struggling with the current real estate market
  • Why Alan believes we’re in an excellent market for buyers
  • What kinds of buyers are in the market right now
  • The two components of stock equity options that buyers are using to make down payments
  • Alan’s recommendations for people looking to buy a house in this market
  • And more!

Tune in now and get ready to navigate the Bay Area market with confidence!

Resources: WHEELER | Alan Wang Realtor

 

Episode 38 - Your Guide to 2018 Tax Planning: Part 2

Episode 38 - Your Guide to 2018 Tax Planning: Part 2

December 12, 2018

Matt Wheeler and Michael Bryant are back with more tax-planning strategies for 2018!

In part two of their tax planning mini-series, Matt and Michael cover must-know tips for Roth conversion strategies, new tax law changes that apply specifically to self-employed individuals, and more!

In this episode, you’ll learn:

  • What to consider when deciding if the timing is right for a Roth conversion
  • Year-end planning strategies for stock options and how they’ve changed
  • About the new deductions for passthrough businesses—who qualifies and what are the opportunities and limitations?
  • Whether it’s imperative to complete long-term giving and gifting by year-end

Tune in now and get ready to plan for your 2018 taxes with confidence!

Resources: WHEELER | Year-End Tax Planning for Individuals | Episode 37 - Your Guide to 2018 Tax Planning: Part 1

Episode 37 - Your Guide to 2018 Tax Planning: Part 1

Episode 37 - Your Guide to 2018 Tax Planning: Part 1

December 3, 2018

Don’t wait another second to start tax planning for 2018!

As always, Matt Wheeler and Michael Bryant are here to guide you along in the planning process. Today, Matt and Michael unpack this year’s tax law changes, explain which ones will affect Bay Area residents most, and highlight key points to consider when tax planning.

In this episode, you’ll learn:

  • Why many taxpayers will actually benefit from the new tax law changes
  • How deferring income and accelerating deductions helps taxpayers take advantage of the time value of money—and what actions to take for 2018
  • How you might be impacted by the loss of the State and Local Tax (“SALT”) deduction and loss of miscellaneous itemized deductions
  • Why they strongly recommend that retirees consider making qualified charitable distributions out of their IRA
  • And more!

Tune in now and get ready to plan for your 2018 taxes with confidence!

Resources: WHEELER | Year-End Tax Planning for Individuals | DAM-Cancer Foundation  

Episode 36 - How to Prepare for Accounting Recruiting Season

Episode 36 - How to Prepare for Accounting Recruiting Season

October 11, 2018

Matt Wheeler and Michael Bryant know from experience that recruiting season is a nerve-wracking time for accounting students.

It’s a time filled with meeting recruiters, completing applications, and hopefully landing interviews — all to secure a job after graduation. Because of this, there is a lot of pressure on students to shine and stand out from the competition.

 

To help students prepare for this hectic time, Matt and Michael are sharing the advice they wish they’d had when they were students, including:

  • How to build a resume that stands out
  • Important skills for public accountants that students often overlook
  • Pros and cons of working at The Big 4
  • What to consider now if you plan on being a sole practitioner
  • Deciding between audit or tax… or both
  • Matt and Michael’s recommended questions for interviewees to ask during interviews
  • And more!

Tune in now to get prepared for a successful recruiting season!

Resources: WHEELER

Episode 35 - Top Six Financial Tips for HENRY Millennials: Part 2

Episode 35 - Top Six Financial Tips for HENRY Millennials: Part 2

September 20, 2018

Do you fall into the HENRY (High Earners, Not Rich Yet) category? If so, what steps have you taken to build your financial future?

In part two of this mini-series, Eric Rodriguez of WealthBuilders, LLC, shares his top six financial tips for this demographic of future high earners. As part of these tips, Eric explains how to follow the 50/20/30 budgeting rule and emphasizes why it’s essential to know your net worth.

Tune in now to learn Eric’s simple, yet effective, tips so you can start planning more and worrying less!

Resources:

WHEELER | WealthBuilders, LLC | Episode 34 - Top Six Financial Tips for HENRY Millennials: Part 1

Episode 34 - The Financial Challenges of HENRY Millennials: Part 1

Episode 34 - The Financial Challenges of HENRY Millennials: Part 1

September 6, 2018

Today, Matt Wheeler and Michael Bryant are joined by Eric Rodriguez, a financial planner and founder of Wealth Builders, LLC. Eric specializes in serving HENRYs and millenials.

These aspiring high-income earners called HENRYs: “High Earners, Not Rich Yet” are often part of the millennial generation.

In part one of this mini-series, Eric shares valuable insight about the common financial issues that HENRYs face, including a lack of affordable housing in areas like Silicon Valley and their challenges with paying off student debt.

Listen now to learn more! Tune into part one of Eric’s guest appearance on the Debit This, Credit That podcast!

Resources:

WHEELER | WealthBuilders, LLC

Episode 33 - Breaking Down Stock Options and Equity Compensation

Episode 33 - Breaking Down Stock Options and Equity Compensation

August 23, 2018

In this episode of the Debit This, Credit That, Matt Wheeler and Michael Bryant share what you need to know about stock options and equity compensation.

Speaking to one of his areas of expertise, Matt explains the four main types of equity compensation, outlining the benefits and drawbacks of each, including important tax considerations that need to be planned out ahead of time.

Tune in and learn more about the taxation of stock options and equity compensation, and some useful considerations to keep in mind when developing your tax strategy!

 

Wheeler Accountants LLP https://wheelercpa.com/

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