Episodes
Oct 20, 2022
Oct 20, 2022
44 min
In this week's episode, we had round table discussion amongst us CPA colleagues with guests Pedro Gonzalez, CPA & Michael Reeder, CPA on the Inflation Reduction or “Inflation Relief” Act of 2022.
A. What are the key aspects of the Act that will affect small business?
B. Why should business owners ensure they are audit-ready by taking proactive actions?
C. How should the CPA/Client dynamic change?
If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!
Do you have a question?
Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.
Gratefully,
Marie
Oct 17, 2022
Oct 17, 2022
37 min
In this week's episode, we had a special guest, Matt Gelber, ESQ, to help answer most common questions about insurance claims after major disasters such as a hurricane
What are the differences between a homeowner’s insurance claim and a flood claim?
How would you know when you should file homeowners’ vs. flood insurance claim?
What does a typical claims process look like and when is the right time to file?
How many years does one have to file a hurricane claim?
Why is it important to hire someone to help with filing their claim?
If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!
Do you have a question?
Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.
Gratefully,
Marie
Oct 8, 2022
Oct 8, 2022
34 min
In this week's episode, we discussed about how to handle disaster situations such as the recent Hurricane Ian that affected multiple states!
What are the IRS relief announcements related to this disaster?
How to prepare your business for a disaster?
What steps you should take to submit a claim to your insurance?
What portion of your disaster related loss is reported on your taxes?
If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!
Do you have a question?
Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.
Gratefully,
Marie
Sep 30, 2022
Sep 30, 2022
35 min
Have you ever wondered what CPAs talk about over coffee?
In this week's episode, we discussed about shareholder, or a member capital balances.
1. What is a shareholder or member capital account? 2. How do you track the capital account balances? 3. What should you do if you distribute more than the capital balance?
If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!
Do you have a question?
Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.
Gratefully,
Marie
Sep 30, 2022
Sep 30, 2022
34 min
In this week's episode, we discussed Franchise and License accounting!
a. What is an Intangible asset basics?
b. Can you amortize a franchise or License fee?
c. How should you record and report royalty fees?
d. And more…
If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!
Do you have a question?
Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.
Gratefully,
Marie
Sep 17, 2022
Sep 17, 2022
34 min
In this week's episode, we discussed big tax deadline, intercompany loans, and Hybrid accounting!
Who should file on September 15th, and what happens they don’t?
How should you handle and support intercompany loans?
Why hybrid accounting is not the best method?
If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!
Do you have a question?
Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.
Gratefully,
Marie
Sep 9, 2022
Sep 9, 2022
33 min
In this week's episode, we discussed unique situations we encountered
When should you book the ERC credit receivable?
When should you book factoring of your ERC or any other receivable?
What’s the best way for foreign owners to apply for a business EIN?
How far back can the IRS audit?
If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!
Do you have a question?
Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.
Gratefully,
Marie
Sep 1, 2022
Sep 1, 2022
39 min
In this week's episode, we continued the discussion on Inflation Reduction Act
What should business owner’s pay attention to properly plan?
What are the red flags they need to fix right now!
We also discussed how to handle difficult customers.
What you should do today to not feel trapped!
How to have a difficult conversation and make a the right decision for your business.
If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!
Do you have a question?
Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.
Gratefully,
Marie
Aug 25, 2022
Aug 25, 2022
33 min
In this week's episode, we continued the discussion on messy books...
a. What qualifies as Health Insurance?
b. Could you record you dog as a business expense?
c. Why would accounts payables and receivables show up as negative balances in your balance sheet?
d. Why you need to pay attention to Rent Expense and Mortgage Payments.
e. Why you need to avoid using Journal Entries?
If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!
Do you have a question?
Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. Song by Mötley Crüe - Live Wire
Gratefully,
Marie
Aug 24, 2022
Aug 24, 2022
35 min
In this week's episode, we discussed Unique situations from clients.
What are the key capital gains exclusions you should be aware?
How messy books can bring about red flags to the IRS?
What are the red flags in your books you need to fix right now!
If you enjoyed this episode, Subscribe/Follow, Like, Comment and Share so that more business owners can benefit from this knowledge!
Do you have a question?
Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.
Gratefully,
Marie
Your Host
She is a Certified Public Accountant and Chartered Global Management Accountant, Auditor, CFO, and Author. She is the creator of the VALUEATION-MT® methodology, which helps her clients 10X their business!
The proprietary methodology is a gamechanger for business owners. It combines critical ingredients such as business valuation, financial analysis, processes and procedures, menu pricing, growth roadmap, etc. She uses this framework to coach clients to understand their business finances, make informed decisions, increase their business value, and live the life they want!
As a Grant Cardone licensee, she mentors and trains her clients to realize their full potential through various workshops, webinars, and coaching programs!
Marie is also the host of a self-titled "Coffee Time with Marie Torossian CPA”, a live show and podcast where she educates viewers and listeners about accounting, tax, and business strategies.
She has authored two books, "The Complete Guide to Business Growth" and "A Business Owner's Guide to Operational Accounting."
She was nominated for Emerging Women Leader by the Florida Institute of CPA for their 2022 Women to Watch Awards.
Ms. Torossian started her career as an auditor at Berkowitz, Pollack, and Brant CPA firm in 2010. In May 2012, she joined the Greater Miami Chamber of Commerce. She soon accepted additional responsibilities to perform forecasts and projections, prepare the annual budgets, and manage the entire audit and tax preparation process.
In January 2015, she rose to the challenge to become the Controller and acting CFO. She implemented databases, designed accounting-related reports, and reviewed workflow processes. She managed the accounting team hiring, retention, training, and performance and administered organization-wide salaries and bonuses.
In 2017 she was promoted to Chief Administration and Finance Officer. She was responsible for the Chamber and its Foundation's administration and operations, including human resources and payroll, finance and accounting, treasury, legal, information technology, grants administration, and facilities management. Additionally, she collaborated with volunteer-based professionals for the five-year strategic and reorganization plan.
By 2016, Marie recognized the need for small businesses to have the same guidance and resources as large corporations. As a result, she started offering consulting services to small businesses and, in 2020, launched her accounting firm. In 2022, she launched her management consulting business to focus on coaching and training.
Ms. Torossian holds a master's degree in Accounting from Florida International University. She is a member of the Florida Institute of CPAs and the American Institute of CPAs.
Ms. Torossian's mission statement is "To live in God's grace, help those in need and make a difference in everyone's life." She describes herself in short as a leader, motivator, and mentor. She prides herself on her high ethical standards, discipline, and passion for helping her clients succeed. She enjoys the beautiful Florida waters with her husband and children during her free time.
Ms. Torossian loves to give back to her community. She serves as Chair of the FICPA North Dade/South Broward Chapter, Chair for the Florida Justice Center, and Accountant Advisor to Run by ADP.
Follow her hashtags #your10xcpa and #notyourtypicalcpa on all social media channels.