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United States

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Podcasts

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@WheelerCPAs

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English


Episodes

Episode 30 - Making Sense of Estate and Gift Tax—with Partner Jennifer Hauck

6/8/2018
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In this episode, Matt Wheeler introduces you to his colleague Jennifer Hauck. Jen is a partner at Wheeler Accountants, specializing in individual income as well as estate and trust taxation. Matt and Jen discuss her practice, how she got started, and what she enjoys most about her job. Then, Jen dives into discussing her expertise, Wheeler Accountants’ approach to the estate and gift tax process, and some helpful estate and gift tax planning tips. Tune in to learn more about Jen and the...

Duration:00:44:19

Episode 29 - Walking the Path of a Public Accountant

5/31/2018
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In this episode, Matt Wheeler and Michael Bryant describe their journeys to becoming public accountants in Silicon Valley. Whether you’re a soon-to-be, novice, or seasoned accountant, you’ll find value in this episode as Matt and Michael share what they wish they had known at the beginning of their careers. They also share advice for getting on the partner track, finding a role model at your firm, and showing accountability if you make a mistake on a client file. Tune into this lively...

Duration:00:53:04

Episode 28 - What Lessees Need to Know about the New Lease Accounting Standards (ASC 842)

5/17/2018
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Today, Matt Wheeler and Michael Bryant discuss significant changes brought about by the new lease accounting standards effective for nonpublic companies for the year ended December 31, 2020. The Wheeler team explains how companies will perform their financial reporting in light of the new regulations, when to start this transition, and some of the disadvantages of transitioning early. Listen in as Matt and Michael cover what lessees should know about the new lease...

Duration:00:30:51

Episode 27 - Who’s Your Coach? An Enlightening Conversation with Scott Stauffer, CFP®

4/16/2018
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Today, Matt Wheeler and Michael Bryant have a special guest. Scott Stauffer is not only a CFP® and the Founder of BetterWealth…he is a neighbor in the Wheeler Accountant’s office building! In this episode, Scott explains why it’s so important to work with a fiduciary advisor and what it means for a firm to be fee-only. Scott also discusses the coaching approach that is so embedded in BetterWealth’s client relationships, along with his unconventional opinions about market timing. Sit...

Duration:00:45:50

Episode 26 - Demystifying GAAP: Accounting Principles Generally Accepted in the United States of America

3/20/2018
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In this episode, the Wheeler team discusses Accounting Principles Generally Accepted in the United States of America (GAAP). GAAP is a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. Sound complicated? Not to fear! Matt and Michael answer their clients’ questions in this lively Q&A. Listen in and learn how to capitalize software implementation costs, how to record commissions, how to record grants to nonprofit organizations, how...

Duration:00:38:35

Episode 24 - Are You Ready for Anything? Your Guide to Insurance Coverage - with Mark Caufield of Cook Disharoon & Greathouse Insurance Brokers

2/20/2018
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Life is full of surprises; they can be positive or exciting, but also shocking and upsetting. Are you prepared for whatever life throws your way? In this episode, Matt Wheeler and Michael Bryant speak with Mark Caufield of Cook Disaroon & Greathouse Insurance Brokers to share how you can be prepared for life’s hiccups, ranging from car crashes to earthquakes. They also discuss different types of coverage to consider for your personal or business insurance. Brush up on your insurance...

Duration:00:48:44

Episode 23 - The Current State of the Mortgage Market and the Real Estate Market - With Brandon Knapp

2/6/2018
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In this episode, Matt and Michael discuss the mortgage and real estate markets with guest Brandon Knapp of RPM Mortgage. Together, they discuss the current real estate climate, how homebuyers can become better prepared for the underwriting process, innovative lending options, which tax strategies homeowners can use– and plenty more! Whether you’re a real estate enthusiast or a new homebuyer with plenty of questions, this informative podcast is for you! Links: Brandon Knapp - RPM...

Duration:00:47:26

Episode 22 - Tax Changes That Will Affect Individual Taxpayers

1/25/2018
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How will you be impacted by the Tax Cuts and Jobs Act? In this episode, Matt and Michael discuss changes to tax rates, itemized deductions, 529 plans and more! Learn about key changes to tax laws for individuals and how you can adjust your tax strategies accordingly. Listen in as Matt and Michael give their best advice for how to benefit from the new tax laws! Questions and Answer Period: Matt and Michael also answer some of their clients’ most-asked questions about selling real...

Duration:00:39:25

Episode 21 - Welcome to Watsonville

1/11/2018
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In this episode, Michael Bryant and Matt Wheeler discuss the recent expansion of Wheeler Accountants to Watsonville and Santa Cruz County and what this means for current and future clients of the firm in this area. Learn more about Wheeler’s expansion to Watsonville in this podcast:

Duration:00:13:32

Episode 20 - Donor Gift Accounting

12/14/2017
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At this time of year, many nonprofit organizations will receive donor gifts and it is imperative that they record the gifts in accordance with the donor’s wishes. In this podcast, we’ll cover tips for proper recognition of donor gifts to nonprofits and some tips for gift acceptance policies.

Duration:00:17:41

Episode 19 - Q&A With Matt Wheeler

12/14/2017
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In this podcast, I’m answering some of the common questions that we receive from our clients at Wheeler Accountants. As our teachers often said, “Don’t be afraid to ask questions. Chances are, someone else has the same one!” So you may hear an answer to one of your own tax-planning questions. We hope you walk away feeling a bit more tax-savvy after listening to this Q&A:

Duration:00:32:17

Episode 18 - Tax Reform: What the Hell is Going On?

11/21/2017
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The current proposed tax reform changes may be the biggest changes to the Tax Code the country has seen since the mid 1980’s. To date, the government has been very light on details when it comes to proposed tax reform. In late September the government released their “ Unified Framework for Fixing Our Broken Tax Code” outlining a little more detail on the potential changes being considered. In this podcast we review the key elements of the tax reform proposal and how those changes may...

Duration:00:32:30

Episode 17 - 5 Potential Pitfalls of Holding Real Estate in Your IRA

11/14/2017
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Tax-deferred retirement accounts such as IRAs can be attractive sources of funds for taxpayers looking to diversify their investments. “Self-Directed” IRAs are one such type of retirement which can be used to invest in alternatives to traditional stock market investments such as real estate. While a great idea in theory, there are many potential pitfalls to holding Real Estate in your IRA. Matt Wheeler shares more about the pitfalls of holding real estate in your IRA in this podcast:

Duration:00:15:50

Episode 16 - 5 Steps to Revenue Recognition

10/27/2017
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There are new Revenue Recognition Standards which will significantly impact all industries that sell a good or service. Specifically, we are discussing the Accounting Standards Codification (ASC) Topic 6 of 6 which was originally introduced in the Accounting Standards Update 2014 09. Originally, Revenue Recognition Standards were based on different industries and what has been done now is that revenue recognition has been standardized across all industries. The changes to apply to every...

Duration:00:19:38

Episode 15 - Preparing for an Initial Financial Statement Audit – Part 2

10/12/2017
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Michael Bryant shares how audits can be a stressful and time consuming experience and why it is very important to prepare for an audit. The more you are prepared, the more time and money you can save. Learn more about how to prepare for an initial audit statement in this podcast:

Duration:00:25:30

Episode 14 - Preparing for an Initial Financial Statement Audit – Part I

10/12/2017
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A lot of people become intimidated when they hear the words “Financial Statement Audit”. What most do not know is that the audit can be streamlined in such a way that it becomes an easy process. The financial statement audit is important because it provides a verification of your financial statements from an independent third party source. When you have a financial statement audit, it starts to build your history and reputation, and the findings of the audit can be presented to banks and...

Duration:00:19:32

Episode 13 - Pack Your Bags - State Residency Considerations

9/12/2017
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Matt Wheeler shares more information on rules and considerations when it comes to tax planning for a change in State Residency. For taxpayers in high income states with large tax bills, or taxpayers who are anticipating large liquidity events, State Residency planning can be one of the top ways to generate huge savings. Certain types of income are taxed only to the state of primary residency while others are taxed to the state where they are generated. Learn more in this podcast.

Duration:00:32:32

Episode 10 - Six Key Considerations – Roth Retirement Accounts

7/4/2017
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Matt Wheeler shares 6 key considerations for Roth Retirement accounts, and how the tax-free aspects of this account excite a lot of people at first glance. However, there are a lot of things to consider before actually funding a Roth Retirement Account. The money that goes into a Roth account is post-tax money, and while a Roth Retirement Account can be a good idea, proper planning is key to be tax efficient over the long-term. Learn more about Roth Retirement Accounts and the six key...

Duration:00:19:46

Episode 9 - Vacation Home Tax Considerations

7/4/2017
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Matt Wheeler shares how many people are unaware of the substantial tax breaks available to them when they own a vacation home or multiple homes. If you are not using your vacation home often, then it may be advantageous to consider renting out the property. Learn more about the possible tax breaks available if you consider renting out your second/vacation home in this podcast:

Duration:00:32:24

Episode 8 - Choice of Entity – Multiple Owners

6/14/2017
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Matt Wheeler shares his insights on the pros and cons of the different entities available to businesses with multiple owners. In this podcast Matt covers Partnerships, C Corporations, and S Corporations. Each fact pattern is unique and the decision on which legal entity to use will hinge on these subtle details. Learn more about the different legal entities available to multiple owner businesses in this podcast:

Duration:00:38:34