Coffee Time with Marie Torossian CPA

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 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! 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! 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 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 We also discussed how to handle difficult customers. 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 messy books... a. What qualifies as Health Insurance? b. Could you record you dog as a business expense? c. Why would accounts payables and receivables show up as negative balances in your balance sheet? d. Why you need to pay attention to Rent Expense and Mortgage Payments. e. Why you need to avoid using Journal Entries? 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. Song by Mötley Crüe - Live Wire Gratefully, Marie

In this week's episode, we discussed Unique situations from clients. 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 Inflation Reduction Act. 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 answered we provided guidance on how to make your real estate business recession-proof. 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 answered partnership & business sales Questions we received from clients. 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 Ethical Standards in the Accounting Industry. 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 taxations of General Partnerships, Limited Partnership and Multi-member LLCs. 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

If you enjoyed this episode, Subscribe/Follow, Like 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 talked about Inventory Management. a. Cost methodologies: FIFO, LIFO, & Weighted Average b. Inventory Accounting Systems: Periodic vs. Perpetual c. Optimum Inventory Levels d. Quality Control Procedures e. Issuing and accounting for samples f. Inventory Count g. Disposals, Scrap & Shrinkage If you enjoyed this episode, Subscribe/Follow, Like 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 talked about strategies to withstand the upcoming recession. If you enjoyed this episode, Subscribe/Follow, Like 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 covered some Q&A that came to us from clients and prospects. Your Online Account | Internal Revenue Service (irs.gov)If you enjoyed this episode, Subscribe/Follow, Like 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 talked about US Immigration for investors with our special guest Douglas Cowgill. If you enjoyed this episode, follow, 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