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Richard Streitfeld – Buddhist Mensch

Stay In Your Groove
(Keeping Records Without Going Off Track )

July 11, 2014 Rich Streitfeld, CPA
Bookkeeping, Starting A Business, Taxes

Q: How long should I keep tax records? B. Madoff, investor A: In general it’s advisable to save documentation supporting your tax return for seven years. The IRS generally has three years from the date of filing to audit your return, but up to seven if it suspects you under-reported your income. If you didn’t
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Richard Streitfeld – Buddhist Mensch

Co-Ops, Collaboration And Crowdfunding:
Working Together In The New Economy 

May 29, 2014 Rich Streitfeld, CPA
Business, Social Enterprise – New Economy, Starting A Business

A few weeks ago I was detailing the perils of self-employment tax to college students. Combined with the other hard costs of living independently it was enough to dissuade anyone from starting a business or even doing serious freelance (“1099″) work.”I need something positive,” said a woman in the front row.I started to panic —
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Zen Mensch Accounting

Excuse Me? Your Hand Is In My Pocket
Embezzlement Made Easy

May 1, 2014 Rich Streitfeld, CPA
Bookkeeping, Business, Insurance– Health Business and Property, Starting A Business

  You are a busy dentist and your bookkeeper signs the checks. You are president of a non-profit; the treasurer is supposed to co-sign large checks with the ED. But the treasurer  is out of town, and you trust the ED. Your Quickbooks password hasn’t been changed in seven years (Oh, you don’t have one.) The cash part of the business? It’s
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Zen Mensch Accounting

Pas de D’oh*
Avoiding Business Missteps with Friends

March 4, 2014 Rich Streitfeld, CPA
Starting A Business

Hip, Hop and Henry have a brilliant business idea: multi-lingual ballet shoes that guide the dancer in Russian, French and English. They do well, then a disgruntled Hop announces he is  skipping out to start a similar enterprise, and wants his money and equipment back.  The new business has no cash and  their records on
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