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We break down what a closely held business is, business formats such as LLC LLP and S Corp, and the role of accountants and other business advisors.

Welcome to "The Bottom Line"

   

Welcome to the debut of “The Bottom Line,” a podcast specifically designed for closely held businesses. Our guide is EisnerAmper’s manager of private business services, Tim Schuster. In this episode, Tim breaks down what a closely held business is, the alphabet soup of different business formats such as LLC and S Corp, and how this all impacts the role of business advisors. We’ll also get a sneak peek at other topics we’ll tackle in the near future regarding this noteworthy market segment.


Transcript

Dave Plaskow: Hello and welcome to The Bottom Line. This podcast examines the business and finance issues faced by closely held and private businesses. We hope to provide you with news you can use in what we like to think of as a jargon-free zone. In this, the debut issue of The Bottom Line, we thought it made sense to start with the essence of a business - how it chooses to see itself in relation to how others view it. I’m your host, Dave Plaskow, and with us today is Tim Schuster, a manager in EisnerAmper’s Private Business Services Group. Tim welcome to this maiden voyage of The Bottom Line.

Tim Schuster: Dave, I’m glad to be here. This is going to be fantastic!


More Podcasts in This Series
You’re Not Using Social Media to Grow Your Business?

The Bottom Line looks at how you can use social media to grow your business and examine the different communication platforms available including Facebook, Twitter and LinkedIn. You really need to develop website content and push it on social media platforms.


Pair of New Laws Impacts NJ Workers and Employers

Tim Schuster, a manager in EisnerAmper's Private Business Services Group, discusses new NJ legislative initiatives happening in Trenton that you should be aware of. The first is the New Jersey Family Leave Act and the second is the increase in NJ's minimum wage.


Creating a Quarterly Planning Calendar

In this episode of The Bottom Line, EisnerAmper Private Business Manager Tim Schuster discusses developing a quarterly planning calendar, including budget, tax planning and speaking with your trusted advisor. Review these concepts monthly from an accounting perspective.



Mr. Schuster is a Manager providing tax compliance services to individual filers, as well as assistance on tax returns for companies in the manufacturing and real estate industries.

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