Another Project Nearly Finished! S10E13
The big summer project is nearly done! Our favorite Bookkeeping Mensch, Paul Rosenblum, reports that the corporation is filed and the accountant is happy, but the related LLC still has to be filed by October 15, and it never had a set of books. Paul takes us through the last leg of the project. There are business and personal accounts full of mixed expenses, shared credit cards, a home office that may need splitting, mystery bank transfers, and shareholder loans that have to match across both companies. He also explains why, if you own more than one company, you should finish the bookkeeping for all of them before your tax preparer starts. And he shares why working with different CPAs means an iPhone can be an expense, a de minimis item, or a Section 179 asset, depending on who you ask. Then Paul gives an update on his other big project: a local business with no taxes filed since 2022, corporate income going into a personal bank account, credit cards he was never told about, a wrong tax ID number given to the credit card merchant, and no sales tax paid in three years. Add missed appointments and unanswered calls, and Paul is facing a question every bookkeeper eventually faces: stay or go? Because bookkeeping isn't just about numbers, it's about people. done Send us Fan Mail Support the show About the host Paul Rosenblum has been doing hands-on bookkeeping for over 30 years, starting with QuickBooks Desktop. 👀 Why Niche Podcasts Are The Bedrock Of The Industry: https://podalization.substack.com/p/why-niche-podcasts-are-the-bedrock 😄 Send Paul a text or 📞 voice message (include your contact info if you want a reply) https://www.buzzsprout.com/twilio/text_messages/2188873/open_sms 📨 Email: Bookkeepermensch@gmail.com 📰 Substack: https://paulrosenblum.substack.com/ 💸 Website: https://bookkeepermensch.com 🎧 Get help with your podcast with PodcastSteph https://podcaststeph.substack.com/p/the-5-paths-to-podcast-discoverability 🎵 Music: SourceAudio: https://www.sourceaudio.com/ 🔉 Sound effects: https://freesound.org Interview with Mary: ...


