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. ...
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 ...
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. ...
Hi all, Now that 2017 tax season has been put to bed, it is time for your club to focus on one of the changes which you will be dealing with when it comes time to prepare your 2018 taxes next year. Starting with your ...
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 ...
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 ...
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 ...
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? ...
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 ...
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 ...
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 ...
We're well into 2018 already and it's a good time to do some checking that will help your 2018 tax season go smoothly. If you've sold any stocks so far in 2018,A compare the cost basis details shown on the bivio Capital Gain and Loss ...
Can anyone tell us at what date (e.g. month end following member's written request to withdraw?) a club should value its portfolio in order to pay out a withdrawing member? If there is more than one answer, what is the common/ best practice for clubs? ...
One of the members of the Model Club of Northern Virginia moved to Indiana. She resigned from the club 1 A1/2 years ago. The club has recently obtained equipment to have members join the club meetings online and she would like to rejoin, but she ...
We are wondering if anyone has copies of verbiage they have used for defining the position of Partnership Representative in their bylaws. We would appreciate not having to reinvent the wheel if the wording already exists and could be shared with us. Thank you, Rita ...
Dated January 27,2015 The Tim and Rita Geary Trust