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  You are here:  AllExperts > People/Relationships > Retirement Planning > Accounting, Payroll & Pension Issues

Expert Profile: Mike Wellman

Expertise:  I can answer questions dealing with financial accounting, tax accounting, bookkeeping and payroll issues. NO PENSION questions.

Experience in the area
Certified in 1980. Experience with Fortune 15 company in finacial accounting, manager at Price Waterhouse and then over 20 years with small business clients.

Education/Credentials
BBA - Baylor University.

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What do you like about this subject?  It is the profession of karma. Debits always equal credits.
Average Ratings
Prestige Points: 560
Knowledge   9.94   Best of the best
Clarity of Response   9.94   Best of the best
Timeliness   10.0   Best of the best
Politeness   10.0   Best of the best
Number Of Questions
(in Past 24 Hours)
0
Max Questions to be Asked
(in 24 Hour period)
1
Total Questions
(since joining AllExperts)
164
Recent Reviews from Users
KnowlClarityTimePolitenessDate
1010101008/06/08
1010101007/10/08
1010101003/06/08
1010101001/02/08
1010101012/28/07
User Comments
Thank you so much for your prompt response to my question. It really helps to have professionals like you sharing your valuable knowledge as we are a
(Christina Cooley on 08/06/08)
Insanely fast respond time! Thanks a lot Mike.
(Alex on 07/10/08)
Thanks a bunch
(Miranda on 03/06/08)
Answered so quickly!! THANK YOU... (I won the bet!)
(susan on 01/02/08)
Thank you so much! Your advice saved me $849 today by not employing a service to handle what I can on my own. THANK YOU!
(Donna on 12/28/07)
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Recent Answers from Mike Wellman
2008-08-05  Deferred Salary accounting As far as payroll accounting and the IRS is concerned, the payroll taxes are not due until the salary is actually paid. For financial accounting purposes, you accrue the salary of course. You should accrue...
2008-05-31  1065 Filing Requirements Hold on there cowboy. Your question asked if a partnership with fewer than ten partners is required to file a 1065. The answer is, of course they are. The regs you cited relate to the late filing penalty...
2008-03-06  I think my boss is commitiing tax fraud It sounds fishy but I do not really have all the facts to make that determination. If he has no receipts to back up his expense report though I would say that is a strong indication. On the other hand...
2007-12-28  New S Corp Payroll Taxes It is pretty easy. You should go to the IRS site (irs.gov) and download Circular E. It will explain it all to you. I do recommend you buy and hour or so of a CPA's time to get guidance on this as well...
2007-12-27  New to Bookeeping You can do that but it is not necessary. You can simply use the standard mileage rate for all miles driven as a deduction on your Schedule C and then take the interest expense paid on the loan on the tax...
More Answers for "Accounting, Payroll & Pension Issues"


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