Itís interesting how e-mails can sometimes be misinterpreted. For example, the true nature of using the red exclamation point on an Outlook e-mail is to give it a "high priority" notification, drawing attention to the e-mailís intended nature of immediacy and importance. An accountant in Iowa told me the other day that he always thought of that type of e-mail to be relating to emotion--quite often frustration or anger.
Bottom line, people donít always interpret e-mails as they are intended. As we stroll into those upcoming New Yearís resolutions, perhaps now is the time to review the communications standards at your firm, company or accounting department. A woman with a firm in Florida told me that they do this every December, just to make sure everyone is on the same page. Sounds like a great idea!
Questions & Advice
Business Bad Debt Deductions
I am trying to figure out where on the Form 1040 that an
individual taxpayer can take a business bad debt deduction?
My client personally guaranteed a LOC loan as an owner of an
S-Corp. He gave his stock back to the Corp, but never got his
name off the loan guarantee. The S-corp is now dissolved, and he
had to pay off the LOC personally.
Add your input!
Homeowners association financial reporting
A reader in Arizona has several questions about how to account
for items in a homeowner's association and how to demonstrate
funding requirements to the association's board.
Share your suggestions today!