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In this podcast we discuss how to solve accounting challenges in both your personal life and your business. We take an energetic, tech-savvy approach to solving accounting challenges that steal your focus and time. We are savvy accountants. We live for using accounting to solve real challenges people and businesses face. And we frequently find solutions to problems you didn’t know existed.
Episodes
Thursday Jan 25, 2018
Thursday Jan 25, 2018
How will you be impacted by the Tax Cuts and Jobs Act? In this episode, Matt and Michael discuss changes to tax rates, itemized deductions, 529 plans and more! Learn about key changes to tax laws for individuals and how you can adjust your tax strategies accordingly.
Listen in as Matt and Michael give their best advice for how to benefit from the new tax laws!
Questions and Answer Period:
Matt and Michael also answer some of their clients’ most-asked questions about selling real property, college tax strategies, income rules from rental property and more!
Show Links:
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Thursday Jan 11, 2018
Thursday Jan 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:
Thursday Dec 14, 2017
Thursday Dec 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.
Thursday Dec 14, 2017
Thursday Dec 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:
Tuesday Nov 21, 2017
Tuesday Nov 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:
Tuesday Nov 14, 2017
Tuesday Nov 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:
Friday Oct 27, 2017
Friday Oct 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:
Thursday Oct 12, 2017
Thursday Oct 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:
Thursday Oct 12, 2017
Thursday Oct 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:
Tuesday Sep 12, 2017
Tuesday Sep 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.