In this week's episode, we had round table discussion amongst us CPA colleagues with guests Pedro Gonzalez, CPA & Michael Reeder, CPA on the Inflation Reduction or “Inflation Relief” Act of 2022.

A. What are the key aspects of the Act that will affect small business?

B. Why should business owners ensure they are audit-ready by taking proactive actions?

C. How should the CPA/Client dynamic change?

If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!

Do you have a question?

Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.

Gratefully,

Marie 

In this week's episode, we had a special guest, Matt Gelber, ESQ, to help answer most common questions about insurance claims after major disasters such as a hurricane

1. What are the differences between a homeowner’s insurance claim and a flood claim?
2. How would you know when you should file homeowners’ vs. flood insurance claim?
3. What does a typical claims process look like and when is the right time to file?
4. How many years does one have to file a hurricane claim?
5. Why is it important to hire someone to help with filing their claim?

If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!

Do you have a question?

Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.

Gratefully,

Marie 

In this week's episode, we discussed about how to handle disaster situations such as the recent Hurricane Ian that affected multiple states!

• What are the IRS relief announcements related to this disaster?
• How to prepare your business for a disaster?
• What steps you should take to submit a claim to your insurance?
• What portion of your disaster related loss is reported on your taxes?

If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!

Do you have a question?

Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.

Gratefully,

Marie 

Have you ever wondered what CPAs talk about over coffee?

In this week's episode, we discussed about shareholder, or a member capital balances.

1. What is a shareholder or member capital account? 2. How do you track the capital account balances? 3. What should you do if you distribute more than the capital balance?

If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!

Do you have a question?

Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.

Gratefully,

Marie 

In this week's episode, we discussed Franchise and License accounting!

a. What is an Intangible asset basics?

b. Can you amortize a franchise or License fee?

c. How should you record and report royalty fees?

d. And more…

If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!

Do you have a question?

Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.

Gratefully,

Marie 

In this week's episode, we discussed big tax deadline, intercompany loans, and Hybrid accounting!

1. Who should file on September 15th, and what happens they don’t?
2. How should you handle and support intercompany loans?
3. Why hybrid accounting is not the best method?

If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!

Do you have a question?

Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.

Gratefully,

Marie 

In this week's episode, we discussed unique situations we encountered

1. When should you book the ERC credit receivable?
2. When should you book factoring of your ERC or any other receivable?
3. What’s the best way for foreign owners to apply for a business EIN?
4. How far back can the IRS audit?

If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!

Do you have a question?

Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.

Gratefully,

Marie 

In this week's episode, we continued the discussion on Inflation Reduction Act

1. What should business owner’s pay attention to properly plan?
2. What are the red flags they need to fix right now!

We also discussed how to handle difficult customers.

1. What you should do today to not feel trapped!
2. How to have a difficult conversation and make a the right decision for your business.

If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!

Do you have a question?

Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.

Gratefully,

Marie