Changes Affecting Your Club for 2018 Tax Reporting
Is it likely that it will be better in future years? On Monday 04/06/2018 at 3:23 pm, Laurie Frederiksen wrote: Hi, Clubs disbanding in 2018 will need to comply with the new 2018 audit rules for their reporting. Tax wise, it's a more complicated year ...
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GE Merges - Facebook Faces European Lawmakers - Top Ten
Wabtec and GE Transportation to Merge Today Wabtec announced that it has entered into a definitive agreement to combine with GE Transportation. The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services, with operations in more than 50 ...
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Investment Club Accounting is Different - Learning about bivio
Why is keeping records for your investment club different than keeping personal investment records or records for other groups? a€‹ a€‹ Because your investment club is a partnership.A Your club has multiple owners. You don't just have to keep track of your investments, you need ...
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erroneous deposit to checking account
On April 2 a mobile deposit was made to my club's checking account by someone not in our club. We've obtained a name from the credit union but they say that's as much as they can do. What do we do with this $25 deposit? ...
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Emotional Decision Making
a€‹ One of the most difficult aspects of investing is the ability to make decisions unemotionally.A No matter how aware we are of trying to avoid this, it still affects us. I thought this was an interesting quiz from Charles Schwab.A It highlights some of ...
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How to process a bank retraction
In month one, we had a member pass away. In month two, his bank sent us an automatic monthly contribution on his behalf. Later in month two, the bank retracted the erroneous contribution (as they should have). But, while this erroneous contribution was in our ...
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Learning about bivio
Hi All, It's spring and some of you have taken on the role of investment club treasurer for the first time.A Others may have just joined a club or would like a refresher on how your club accounting works. Since it is often easier to ...
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Switching to TD Ameritrade
I have a journal entry from 2/26/2018 labeled as Unidentified credit, Cash Movement of Incoming Account Transfer with the amount of $996.45. I have entered dividends but I don't know how to do this entry or if I need to do something with this entry. ...
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Another best practice on club accounting
Bivio does a great job of reminding us to do an annual audit, something that is absolutely mandatory after all an investment club is a partnership which is a business entity. I personally do not like to just wait for the annual audit as I ...
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Clubs Using Scottrade
As you may be aware, Scottrade accounts are being converted to TDAmeritrade accounts soon.A We have received several questions about what you need to do to handle this in bivio.A A Here is the answer: You will want to track your TDA transactions in a ...
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Tried to Open a Fidelityy Account for GA Model Club
Just spent almost two months trying to transfer the GA Model Club from Folio to Fidelity. I have been a satisfied customer with Fidelity for more than 35 years but have never been treated like this. The lawyers and the 'back office" would not accept ...
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New Partnership Rules
Not sure I understand all of it. My question we have a member whose name on roster is listed with Trust. should that be changed to just her name? Other member of the club do have trusts but I do not know who has what. ...
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Sanofi bought this company but what happens to our stock in it?
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How to make an account inactive on Bivio
I have completed the move to Ameritrade and need to deactivate or close the Scottrade account. It is still showing up on my valuation report. Thanks, Mike Veteto
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Partnership Taxes
Someone please tell me how to do our partnership taxes, we only invest in mutual funds. We didn't sell any in 2017. Do we only report dividends as income? Please Help.
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