September 2020: Stock & Debt Basis-Overview, Examples and Planning Tips for Partners and Shareholders (S-Corporations)

Building on my August 2020 newsletter, I want to tackle a tax topic specific to Partners (Partnerships) and Shareholders in S-Corporations, namely, Stock and Debt Basis. This is a fairly complex [...]

August 2020 Newsletter-Summertime! An old proverb once stated, “May you live in interesting times.” But interesting is not how I would classify the current situation, and problems facing our [...]

If you’re in business, an Investor or you just like to read the business press or news, you’ll often hear words or phrases like, “This Company makes Money,” “Gross Profit,” “Margins,” “Earnings,” [...]

If you’re an Accountant, you should be practical and also do not harm-a Hippocratic Oath for Accountants.  Accountants should be driven with a desire to help their Client’s understand the [...]

When it comes to EIN Numbers having more is not better, in fact, it could lead to a lot of grief and have you reaching for the Excedrin.  Let me start with a few definitions to frame this: EIN’s [...]

Winter has finally hit here in Michigan…daytime high was 14 degrees! Ok, back on topic – here are a few Accounting & Bookkeeping tips to improve the accuracy and [...]

My Firm is about helping the small business owner with practical tools.  So let me address a topic no business wants to discuss or acknowledge-Failure.  Businesses fail for a variety of reasons, [...]

Some argue that with advances in technology and AI, there won’t be a need for Accountants or Bookkeepers,  evidently, because these advances will have evolved to the point where even the [...]

Both are necessary and interdependent but hiring someone with expertise in one without the other can be problematic. Understanding how QuickBooks is structured, the necessary workflows, and how [...]