Articles
Real Home Owners Relief
Real Home Owners Relief The sub-prime mortgage debacle is still playing out nationwide, with new home sales plummeting 61 percent since January, foreclosure rates doubling, and the number of borrowers 90-days or more in areas growing. In Northern California, East Bay homeowners – particularly, those residing in Contra Costa County, where many buyers make their…
Read More8 Steps for Getting Out of Debt
8 Steps for Getting Out of Debt The average American spends a great deal more than they make every year. This results in a financial pitfall later in life. If you find yourself digging deeper into the empty wallet, here are ten steps you can use as a crutch to help free yourself of the…
Read More6 Tips to Consider When Faced With Foreclosure
6 Tips to Consider When Faced With Foreclosure By Alan L. Olsen, CPA, MBA (tax) Managing Partner Greenstein, Rogoff, Olsen & Co., LLP Updated: 10/9/12 Many find themselves faced with foreclosure in the world today. Sometimes the circumstances leading to foreclosure isn’t your fault. If faced with foreclosure, most likely you want to know what…
Read MoreInvest QSBS exclusion
Invest QSBS exclusion Updated: 1/23/2013 The FTB issued Notice 2012-03 on December 21, 2012. The Notice states that the Court of Appeal’s holding in Cutler v. Franchise Tax Board (2012) 208 Cal. App. 4th 1247, that the qualified small business stock exclusion and deferral statutes determined that the qualified small business stock statues–California Revenue and…
Read MoreIRS Representing Yourself
IRS Representing Yourself So you are under audit with the IRS or the Franchise Tax Board. Thinking about representing yourself. I suggest that you think again. As a former IRS agent, some of the easiest adjustments came from individuals representing themselves. Simply put, I would ask questions and then listen to responses. Within the first…
Read MoreNew Ethics Rules Mean Some CEOs Will Be Hunting for a New CPA
New Ethics Rules Mean Some CEOs Will Be Hunting for a New CPA View in PDF Format (San Jose Business Journal) The relationship between a chief executive and his accountant is an extremely important one. An outside accountant can be one of your most trusted business advisors and a key to your success. That’s one…
Read More8 Rules of Building Wealth
8 Rules of Building Wealth Forget Performance; look at fees! Remember that it’s not what you make, it’s what you keep. When evaluating an investment evaluate the cost to generate an investment return. If you are using an investment manager compare the performance of the investment net of fees. Be careful when entering into non-tradition…
Read MoreIs Accounting Boring?
Is Accounting Boring? By William Brighenti I’ve noticed on Twitter a bunch of tweets from younger people complaining that accounting is boring. This may very well be true for those who are not accountants. Non-accountants include those individuals who once loved accounting until they took intermediate accounting in college and then switched their major to…
Read MoreBusiness Plan
Business Plan A business plan precisely defines your business, identifies your goals, and serves as your firm’s resume. The basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make good business decisions. Because it provides specific…
Read MoreChoosing a Legal Form for Your Business
Choosing a Legal Form for Your Business In starting a small business, one of the first questions you should ask is what form of legal entity you should use or “How should I organize my business?” Also, as your business grows and changes, you should from time to time ask yourself whether the entity you…
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