Zen Mensch Accounting

Incorpo-Right!
(Don’t Flub Your Business Structure)

You launched Herman’s Hermetically-Sealed Hermits last year.  Now your CPA is telling you it was set up all wrong. Triple H was set-up as a C-corporation, but it probably should have been an S, or maybe even a “single-member LLC.” Huh? My company, ALSD, incorporates businesses and organizes LLC’s. This year Triple Hcame to me for tax preparation, but  first I
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Richard Streitfeld – Buddhist Mensch

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

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

  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

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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