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What does Wray Rives think?

Certified Public Accountant and Chartered Global Management Accountant. Columnist for AICPA CPA Insider, Outright.com-The Bottom Line and Dallas Small Business Examiner. Author of 'The Pocket Guide to Sales Tax in the 50 United States". and "The Pocket Guide to Income Tax in the 50 United ... See full profile

I find that in most cases these days a Google spreadsheet will do what an Excel spreadsheet will do. Google has made significant improvements in the...
To me the services sounds more like a professional service requiring knowledge and expertise, which would not be taxable and not data processing, at...
I agree with Ernie. I used to be a "LinkedIn Snob" until I listened to a presentation on leveraging LI for business from a gentlemen who has had...
I suppose the answer is "it depends". The only "accounting" reasons I can think of that you would use a pre-money valuation is you might need a...
Robert, Typically for multiple entities, QuickBooks Enterprise is the choice, but in your case, just needing to open two companies, you might...
Here is my analysis of some of the better cloud based options that my firm most frequently sees in use. http://rivescpa.co/update-on-cloud-accounting...
Totally agree with Cindy, in corporate finance CPA is the credential that is going to get you in the door. CFA is more recognized in investment and...
Your third point is off. If you credit bank you debit expense. When the bank returns the money you debit bank credit expense and you are back to...
You enroll at EFTPS.gov or call 1.888.725.7879. Pretty much every business payroll tax and most business income tax has to be deposited by...
You are looking for a Section 1202 exclusion on the sale of QSBS. It only applies to original issue of stock in a qualified C corporation. S corp...
Since the 2012 version QB has the ability to create a copy that extracts only the transactions for a specific time period. They added that...
I recommend to my clients that they gross up their revenue line to include all possible items that may be reported on any 1099, including fees and...
Unfortunately there is not really any legitimate way around the "one year rule". The IRS has consistently taken a very firm stand that travel...
Specific questions depend on the nature of the work you need done. Auditing, Financial Reporting, Estate Planning, Financial Planning and Taxes are...
You might want to read about fringe benefits at http://www.irs.gov/pub/irs-pdf/p15b.pdf. Specifically go to page 16 and read about on premise lodging...
I would second Quickbooks online payroll, I have several startup clients on it and they all love it.
83(b) elections apply to restricted stock purchased or granted not necessarily exercise of ISO, there are other tax considerations regarding...
All the answers given are accurate, I would just caution you that incorporating in Delaware can result in additional tax liability that you may not...
If you intend to raise outside capital C-Corp is definitely the way to go as that is what most independent investors are going to require anyway. C-...
1. We do have more to offer than signing your audit report and filling out your tax return. You Mr. CFO have likely worked with 5-10 different...
I would just add that you don't only have to have direct signing authority, but have authority to authorize that the payments be made. So for...
It is a little "old school" but the Wiley GAAP guide has a very easy to read section that summarizes the differences in GAAP and IFRS. No knock on...
I have not personally used this service for my business, but I do have clients that have used the ADP payroll cards and my wife actually has a part-...
Good tax accounting question. Any trust that has more than $600 of income or a non-resident alien as its beneficiary has to file an annual tax return...
If the executives in the organization are not following the policy, you can't expect anyone else to follow it. It sounds like you have a policy in...