Writings

Nonprofit Grant Management Tips and Best Practices Deck

Feb 7, 20231 min read

Nonprofit Grant Management Tips and Best Practices Deck

AJ Wheeler has been presenting the attached slide deck on managing grants for Nonprofits. Hope you find it helpful for your organization!

Finance for Craft Spirits | Accounting GL Software & Operational Accounting

Tyee Carr

Aug 26, 20222 min read

Finance for Craft Spirits | Accounting GL Software & Operational Accounting

The PDF is a slide deck on the topic of accounting GL software and operational accounting in your finance department for a Craft Spirits...

Finance for Craft Spirits | People First

Tyee Carr

Aug 12, 20222 min read

Finance for Craft Spirits | People First

The PDF is a slide deck on the topic of considering people before tools in your finance department for a Craft Spirits company. Here is...

Finance for Craft Spirits | Size = Budget & Scalability

Tyee Carr

Aug 11, 20222 min read

Finance for Craft Spirits | Size = Budget & Scalability

The PDF is a slide deck on the topic of budgeting your finance department for a Craft Spirits company. Here is text only outline of the...

Your C Corp Magic Shield probably doesn’t work

Tyee Carr

Oct 15, 20213 min read

Your C Corp Magic Shield probably doesn’t work

C Corporations file their own tax returns and pay their own federal income tax on profits, separate from their owners. That fact along...

Taxed on income not received. Is it fair?

Tyee Carr

Oct 8, 20213 min read

Taxed on income not received. Is it fair?

It’s a basic principle under US tax law for partnerships that partners are taxed on their “distributive share,” of the partnership’s...

International Tax Policy Emerging via Tweet

Tyee Carr

Sep 17, 20212 min read

International Tax Policy Emerging via Tweet

Thompson Reuters reported that Treasury Secretary Janet Yellen was urging for congress to consider the plan from the Organization for...

Tyee Carr

Jul 19, 20212 min read

When do you really have a partnership?

Business operators form partnerships for a variety of reasons from raising funds, to widening the pool of knowledge and skills beyond a...

Tyee Carr

Jul 19, 20212 min read

Meals are not necessarily Entertainment

You may have heard that in the Tax Cuts and Jobs Act (TCJA), passed in December of 2017, there was a prohibition put in place against...

Tyee Carr

Jul 19, 20216 min read

Why you should be an Accounting Star

What I want to share in this article, is my perhaps radical perspective for young accountants, not necessarily young in age, but young in...

Tyee Carr

Jul 19, 20210 min read

Partnership Taxable Income Video

Tyee Carr

Jul 19, 20212 min read

What is Partnership Taxable Income?

Partnerships or LLCs taxed as partnerships, don’t pay federal income tax. Instead we say they “flow through,” the income to their owners....

What does the GAAP revenue recognition standard mean for your software company?

Tyee Carr

Jul 19, 20212 min read

What does the GAAP revenue recognition standard mean for your software company?

As an owner of a small privately owned software company, you may have heard about the new revenue recognition standards issued by FASB...

Old trick, new rule – The end of Bottom Dollar Guarantee

Tyee Carr

Jul 19, 20211 min read

Old trick, new rule – The end of Bottom Dollar Guarantee

Tax basis is important for partners in a partnership because: It determines if a distribution is taxable It determines if there is a gain...

Don’t let your foreign sub invest in US property

Tyee Carr

Jul 19, 20212 min read

Don’t let your foreign sub invest in US property

…that is, unless you don’t mind picking up US taxable income that may otherwise be deferred. If you have a Controlled Foreign Corporation...

Tyee Carr

Jul 19, 20213 min read

Multidimensional Tracking

When you hear “multidimensional tracking” you might think about complex databases and crunching numbers, or perhaps you are a little on...

The Three Legs of an Entrepreneur’s Table: Choosing Legal and Accounting Services

Tyee Carr

Jul 19, 20212 min read

The Three Legs of an Entrepreneur’s Table: Choosing Legal and Accounting Services

While deliberating entity structure of a client to create a cannabis company with ideal legal protection and tax-advantaged status with...

Bank feeds are a time saving feature for entrepreneurs

Tyee Carr

Jul 19, 20212 min read

Bank feeds are a time saving feature for entrepreneurs

For decades, bookkeeping has been a headache for entrepreneurs who have just started their own businesses. Bookkeeping has typically...

Tyee Carr

Jul 19, 20211 min read

Accounting for prepaid expenses

Many businesses make prepayments for various reasons throughout the year. A common example is prepayments made for insurance. So how do...

Business income limit for individuals claiming the research credit

Tyee Carr

Jul 10, 20212 min read

Business income limit for individuals claiming the research credit

The federal tax credit for increasing research activities (research credit) provides a permanent tax benefit for many kinds of...

Let's work together!