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Resources for Accountants

Joseph Smith Talks New DUI Law on WLOK [Video]

Joseph Smith Talks New DUI Law on WLOK

Excerpt 3: Interview on New DUI Law in Tennessee: Crone Law Firm Attorney Bill Walk joins Miles Mason Family Law Group’s Joseph Smith as guests on WLOK’s Let’s Talk About It with Chip Washington. Bill and Joseph talk about the new Tennessee DUI law which states that if a drunk driver kills the other driver that has children, then the drunk driver must pay child support to that family.

Joe Smith: https://memphisdivorce.com/joseph-w-smith/
Bill Walk: https://cronelawfirmplc.com/about/team/bill-walk/

Miles Mason is a Familiar Name. Well-known in the Memphis legal community as a divorce lawyer, author, speaker, and leader, Miles Mason, Sr. JD, CPA has dedicated his entire career to practicing family law. He feels a great sense of satisfaction, whenever he hears the information on this site has helped someone—even another attorney. Mason started MemphisDivorce.com in 1996 when he became frustrated with everything he read about divorce. That’s when he decided to write about the subject from an authentic perspective that would be more useful to the reader. Read more about Miles Mason, Sr. and our experienced attorneys and professional staff: https://memphisdivorce.com/about-us/meet-the-team/
We work as team. Your plan will be specially tailored to your values, needs, and priorities. Here are some places to start:
https://memphisdivorce.com/ Our web site.
https://memphisdivorce.com/your-first-steps/ Download our Free e-book for persons beginning the divorce process.
https://memphisdivorce.com/the-tennessee-divorce-clients-handbook/ The Tennessee Divorce Client’s Handbook by Miles Mason, Sr. available on Audiobook, Kindle & Amazon.
https://memphisdivorce.com/resources/blog/ Read our Tennessee Family Law Blog for legal updates, commentary, and news.
https://www.americanbar.org/products/inv/book/358994264/ The Forensic Accounting Deskbook: A Practical Guide to Financial Investigation and Analysis for Family Lawyers, Second Edition by Miles Mason, Sr. JD, CPA published by the ABA Family Law Section.
https://www.amazon.com/Tennessee-Parenting-Plans-Support-Worksheets/dp/1595719849 Tennessee Parenting Plans and Child Support Worksheets: Building a Constructive Future for Your Family by Miles Mason, Sr. with examples from actual cases.
https://memphisdivorce.com/tennessee-child-support-calculator-app/ Download your Free Tennessee Child Support Calculator App for your smart phone.
https://www.youtube.com/@Memphisdivorce Our YouTube channel. A very popular way to learn on the go.
https://www.linkedin.com/company/miles-mason-family-law-group-plc/ Our firm’s LinkedIn page.
https://www.facebook.com/memphisdivorce Our firm’s Facebook page.
https://memphisdivorce.com/portfolio_category/memphis-divorce-lawyer-mason-in-the-media/ Mason’s television news interviews.

Miles Mason, Sr. JD, CPA is the owner and managing member of the Miles Mason Family Law Group, PLC. Prior to forming his firm, he partnered with Alan Crone for 15 years. Miles is the author of four books on family law (available on Amazon.com). He is a nationally recognized speaker who presents continuing education seminars across the country on divorce trial practice involving complex financial issues, forensic accounting, and business valuation for judges, attorneys, CPAs, and business valuation experts.
The media frequently asks him to comment on divorce for television news and local and national press including CNN, Forbes, and ABC. Miles is rated 10.0 out of 10.0 by Avvo and recognized by peers as a Tennessee Super Lawyer. Miles is past chair of the Tennessee Bar Association’s Family Law Section and served on the Editorial Board of the Tennessee Bar Journal. He is also a member of the American, Tennessee, and Memphis Bar Associations’ Family Law Sections, the American Institute of Certified Public Accountants (AICPA), and the Tennessee Society of CPAs. Miles is honored as a Fellow of the Memphis Bar Foundation and listed as a “Family Law Power Player” by Inside Memphis Business magazine.
In 2021, Miles was awarded Memphis Business Journal’s “Best of the Bar” by their Editorial Board. In 2018, 2019, and 2020, Miles served as one of five judges for the Memphis Business Journal’s Best of the Bar Awards. Miles has also received a “AV Preeminent®” Peer Review Rating.
Active in the community, Miles serves on the Orpheum Theatre Group Board of Directors. Over the years, Miles has taken on important community leadership roles and has served on the boards of several nonprofit organizations. He’s served as Vice-Chair of the Community Redevelopment Agency, Co-chair of the board of directors of the National Conference for Community and Justice (NCCJ), on the board of directors of the Marguerite Piazza St. Jude Gala, and president of the Christian Brothers High School Alumni Association.

#DUI #childsupport #milesmason

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Resources for Accountants

How to Account for Early Retirement of Bonds [Video]

This video explains how to account for the early retirement of bonds (aka early extinguishment of debt or early redemption of bonds).When a company retires (redeems) its bonds prior to the maturity date, the company must do several things:-Reduce the cash account by the amount used to repurchase the bonds (if cash is used to retire the bonds)-Remove the bonds payable-Zero out the unamortized discount or unamortized premium-Record a gain or loss IF the repurchase price is different from the carrying value (aka book value) of the bonds on the date the bonds are retiredThere are two ways to calculate the gain or loss on the early retirement of the bonds:(1) record the journal entry; if a debit is required to make the journal entry balance, then debit a loss on early retirement (or loss on bond redemption, loss on early extinguishment of debt, etc.). If a credit is instead required to make the journal entry balance, the credit a gain on early retirement (or gain on bond redemption, gain on early extinguishment of debt, etc.)(2) calculate the difference between the repurchase price (the amount paid to retire the bonds) and carrying value (aka book value) of the bonds at the time they are retired. If the repurchase price is less than the carrying value, there is a gain. If the repurchase price is greater than the carrying value, there is a loss.0:00 Introduction0:39 4 things to do when retiring bonds1:20 Example3:59 T-account for discount on bonds payable4:18 Journal entry to record gain on retirement of bonds5:53 Alternative situation (loss on retirement of bonds)— 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 freely available to the world.— 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 AND SPREADSHEETS* http://eepurl.com/dIaa5z— SUPPORT EDSPIRA ON PATREON*https://www.patreon.com/prof_mclaughlin— 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/* https://michaelmclaughlin.com

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Resources for Accountants

Insider Tips for Starting Your Own Business [Video]

Embarking on the journey of starting your own business is both thrilling and daunting. The allure of being your own boss, pursuing your passions, and potentially achieving financial independence is captivating. However, the road to entrepreneurship is fraught with challenges, uncertainties, and risks. In navigating this terrain, having insider tips and practical advice can be invaluable. Whether you're a first-time entrepreneur or a seasoned business owner venturing into a new venture, understanding the strategies and insights that successful entrepreneurs employ can significantly enhance your chances of success.

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Resources for Accountants

How to Write a Business Plan with the Help of AI [Video]

In the fast-evolving world of entrepreneurship, writing a strong business plan is crucial—but it doesn't have to be daunting. With the rise of Artificial Intelligence (AI), you now have access to powerful tools that can simplify, accelerate, and enhance the business planning process. Whether you're starting a small business, launching a tech startup, or pitching to investors, using AI can save time, boost creativity, and improve clarity. This step-by-step guide shows you how to write a comprehensive business plan using AI—from concept to completion.