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Unable to display full message. You can view it by clicking here Wed, 23 Nov 2016 20:51:36 +0000
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Withdrawal Fee
We have a member withdrawal.A Have paid her and charged a $25.00 fee.A Now there is a discrepancy in the Bivio records of $25.00.A Where should we enter the $25.00? A Should this be a cash transfer to the club for buy and hold or ...
1 message
Member Withdrawals - payout options for your club.
Clubs often may have more options available to them in paying a withdrawing member than they first realize. The initial reaction of most clubs is to sell stock, increase member payments, or simply use cash on hand to come up with enough cash to pay ...
2 messages
What Is This Unit-Based Accounting Stuff?
In my club, whenever I talk about unit values, members' eyes start to glaze over. Every member should have some idea of how unit values are calculated, but few do. At the risk of sending my readers to sleep, I will try one more time. ...
2 messages
Partial Member Withdrawals - options available to your club
The tax implications of a partial withdrawal can be more complex than for a complete withdrawal, depending upon how the member is paid and the source of cash funds that are used. The initial reaction of most clubs is to sell stock, increase member payments, ...
5 messages
Converting to a unit based system of club accounting
Fred Dickinson asks, How does a club go about converting to the unit based system of club accounting? Converting to the unit value system is an easy process with bivio. First, you should make this conversion immediately after closing your club books at year end. ...
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Tax Time Again - "How does a club go about getting the taxes done?"
Christine wrote I am the financial officer for the investment club I am in and I have no idea how to go about getting the taxes done. What form do I fill out? With few very limited exceptions, for Federal Tax purposes, an investment club ...
2 messages
Equal Allocation of Expenses
The is the second and last [well, we can all hope] article on the current status of fees and expenses for investment clubs. You can read the first in the series at Sorry, Gotta Talk About Fees Again http://www.bivio.com/trez_talk/mail-msg?t=10125700003 In this article, we are going ...
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Club Expenses
How should we handle club expenses? What about deductible vs. non deductible expenses? Rip and I receive questions like these over and over again. It's not surprising. In the past in some situations it has been difficult, if not impossible, to account for club expenses ...
5 messages
So Long to trez_talk
This will be the last column of trez_talk, at least by Jerry and Rip. For reasons of our own, we are leaving bivio. It has been a very gratifying experience to watch the product start from scratch and become the premier investment club software on ...
4 messages
Member Withdrawal - Cash vs Stock
Jerry and I consistently recommend that clubs use appreciated stock in paying off departing members, even if the club has cash available. The reason for this is that using cash for partners' withdrawals can lead to prepayment of taxes if the club owns appreciated stocks. ...
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Deducting Travel Expenses for Investment Club Members
Recently we were asked Several members of my investment club and I will be traveling to Hawaii later this fall for 5 days. For three of these days, we will be attending a shareholders' meetings for one of our holdings, taking a tour of the ...
4 messages
Cabletron/Riverstone Reorganization
On August 6, 2001, Cabletron Systems [CS] ceased to exist, having split up into separate companies - Riverstone Networks Inc., Enterasys Networks Inc. and Aprisma Management Technologies Inc. The reorganization has been accomplished by spinning off shares of Riverstone Networks, Inc. and then merging Cabletron ...
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Why is new members' money worth more than old members' money?
Jamie wrote My club has added several new members lately, and after inputting their contributions, I noticed that their payments were suddenly worth more than they had paid--for example, a $520 deposit was worth $550. However, the old members' valuations, for the most part, are ...
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Attention - ATT and AWE stockholders!!!!
There has been many questions of late in association with transactions related to ATT (T) stock. In some cases shareholders have mistaken which of the following two transactions they've participated in. The first transaction was strictly a voluntary transaction. In other words, those who did ...
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