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Resources for Accountants

Crypto Scams & How to Stay Safe? [Video]

#shorts #scams Fake investment schemes- How to Stay Safe? Out of nowhere, a hot-shot investment manager will call you promising some serious profits if you invest into the crypto investment scheme. To win over your trust, they might also claim you have helped many investors make millions of dollars by investing in cryptocurrency. Next, they may ask for an upfront fee or your personal details, claiming to use that for transferring or depositing funds. But actually, they use these details to gain access to your digital wallet. And before you know it, your precious little coins are gone.

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Resources for Accountants

A&A Update with Brad Muniz - 5/3/22 | IssuesWatch Podcast [Video]

This episode covers changes to employee benefit plan audits, FASB’s proposed updates to reference rate reform guidance, important ERC accounting guidelines and PCAOB, SEC and U.S. DOL updates.*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***Additional resources:• FASB Proposes Updates to Reference Rate Reform Guidance - https://www.fasb.org/page/getarticle?uid=fasb_Media_Advisory_04-20-22• SAS 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA - https://us.aicpa.org/content/dam/aicpa/research/standards/auditattest/downloadabledocuments/sas-136.pdf• PCAOB proposed requirements for accounting estimates and using specialists - https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-requests-comment-on-impact-of-auditing-requirements-related-to-estimates-and-specialists • U.S. Department of Labor: Compliance Assistance Release No. 2022-01 - 401(k) Plan Investments in “Cryptocurrencies” - https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/plan-administration-and-compliance/compliance-assistance-releases/2022-01.pdf• SEC Proposes Rules to Enhance Disclosure and Investor Protection Relating to Special Purpose Acquisition Companies, Shell Companies, and Projections- https://www.sec.gov/news/press-release/2022-56#IssuesWatch #podcast #accounting #audit #auditing #erisa #employeebenefitplans #ebpaudits #fasb #aicpa #pcaob #sec #spacs========================================Watch all IssuesWatch Podcast episodes at https://www.youtube.com/playlist?list=PLJ2syuG5TiiZOFQdURLJUDzGJVz17ZPth SUBSCRIBE FOR MORE CPA VIDEO TIPS AND NEWS - https://www.youtube.com/c/njcpa?sub_confirmation=1LET'S CONNECT:NJCPA http://www.njcpa.orgFACEBOOK https://www.facebook.com/njscpaTWITTER https://twitter.com/njcpaLINKEDIN https://www.linkedin.com/grp/home?gid=165152INSTAGRAM https://www.instagram.com/thenjcpa

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Resources for Accountants

Tax on a Free Car? [Video]

If you win a free car, do you have to pay tax on it?Yes.In 2016 a high school senior won a Jeep Renegade for getting all A’s and B’s, but the IRS said she had to pay income tax for receiving the car.In 2004 Oprah Winfrey gave all 276 members of her audience a free car, and everyone got hit with a tax bill.§ 74 of the tax code says prizes and awards are taxable income.Thus, if you win a free car, the IRS will treat the fair market value of the car as taxable income. — Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people.— SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING• A 44-PAGE GUIDE TO U.S. TAXATION• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS• MANY MORE FREE PDF GUIDES* http://eepurl.com/dIaa5z— HIRE MICHAEL MCLAUGHLIN, PHD, CPA * https://michaelmclaughlin.com/hire-me — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725 * Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc * Website: https://www.edspira.com/podcast-2/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/

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Resources for Accountants

Inspiring Short Stories | The Angry Father [Video]

The Angry Father. Inspiring short stories. Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love. The motivational stories and famous anecdotes presented in this video are excerpts from our book: Top 100 motivational stories: the best inspirational short stories and anecdotes of all time. Get the book here: https://www.bizmove.com/inspiration/m9b.htm

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Resources for Accountants

Accounting Made Simple: For Small & Businesses - 4 Books in 1 Audiobook [Video]

Link to this audiobookhttps://audiobookspodcast.com/p/B08L41LZGKAccounting Made Simple: For Small & Businesses - 4 Books in 1 Audiobook free preview is an Business & Careers,Business Development & Entrepreneurship audiobook write by Gregory OlsonAre you about to start a business, but you don't know what structure to use and what your tax duties will be once you’ve started? Or are you a good entrepreneur in your sector but you’re still struggling to understand tax logics and feel you could do much more to guarantee tax savings for your company? Taxation plays an increasingly strategic role nowadays. The success or failure of many businesses, in various sectors, is no longer only linked to the goods of the business initiative, but also closely to the tax planning. Particularly in the start-up phase, being aware of the tax logics will allow you to take a proactive role in managing the same crop at your CPA. The collaboration between professional and knowledgeable entrepreneur can be considered a real corporate asset that can lead to various advantages not only in terms of tax savings. In any case, whether you find yourself in any of these two scenarios, this priceless bundle of four books contains all you need to learn about structures, taxes, and all the tax duties that you will have to deal with, explained from the point of view of a non-accountant. It’s been developed with the intention of coping with complex and challenging issues in a very simple way that help small businessmen and individuals who want to start a business and to learn more about the right company structure they can follow, payroll, accounting, and other such issues. This is by far the ultimate beginner’s guide for entrepreneurs who want to learn how financial statements and generally accepted accounting principles work. This bundle includes four fundamental books on accounting that every entrepreneur should keep on hand. Let’s have a quick look to each of them. Here are just some of the topics that are discussed in How to Start a Small Business in #2020: The Ultimate Beginner’s Guide for Entrepreneurs: A clear, step-by-step guide on how to start a company - from business plan to marketing, scaling, and funding strategies Tools for developing a work plan and the key guidelines of business finance Association and LLC basics Info on trademarks and advertising Helpful strategies for workforce resource planning, subcontracting, and recruiting And much more! In Accounting Made Simple: The Ultimate Beginner's Guide for Entrepreneurs, you will learn: The basics of income statements and how they work Four reasons a cash flow statement is important Six steps of accounting transaction analysis Key differences between assets and liabilities All about financial ratio analysis In the third book, Accounting Principles Made Simple: The Ultimate Beginner’s Guide for Entrepreneurs, you will learn: How to take control of your company’s account All about the accounting cycle and how to close the books What GAAP is, why it was formed, and benefits that it provides And much more! And finally, in the guidebook covering the Limited Liability Company (LLC): An introduction to what LLC actually means and reviewing whether LLC is right for you The advantages and disadvantages associated with LLC Easy steps toward starting your own LLC and LLC state-specific guidelines to follow The accounting and taxes involved in this industry Reviewing whether LLC is right for you And so much more! Among all forms of companies, starting an LLC is easier, with fewer complexities, paperwork, and costs. This form of company comes with a lot of operational ease with less record keeping and compliance issues. LLCs also provide a lot of freedom in management as there is no requirement of having a board of directors, annual meetings, or maintaining strict record books. These features reduce unnecessary hassles and help save a lot of time and effort. So what are you waiting for? Start building the steps toward success today; buy this audiobook now!©2020 Gregory Olson (P)2020 Gregory Olson