Financial Insight

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Question or Topic 

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Objectives

Ol’ Joe

Was in the know

Thought he’d go

To IRS Alone

Now Joe has no dough

BPCPA

 

Contrary Mary

Alone did Her Books

When to tbe bank she went

Al l the bank gave Mary

Were funny looks

BPCPA

 

Eben did not need

Asset Protection

When a bad person’s deed

Took all of Eben’s deeds

Get that protection

BPCPA

 

David had a business car

In it he went afar

But without his log

The Tax man bit like a dog

Now David has a log

BPCPA

 

Corporation gave much to charity

The deduction was lost

The IRS became the charity

Next year pres. will see the gift load

Goes by the Code

BPCPA

 

 

The doctor kept his books

Forgetting how is balance sheet looks

The doctor spent all his bucks

His costs now in rein

Now his work is not in vein

BPCPA

 

The LLC hits the mark

But do not mix in the sharks

Only put sociable creatures in the tanks

Follow these directions & you’ll say thanks

BPCPA

 

Where you live should be a homestead

Pay it off and avoid the dread

Of the judge dragging you form bed

Saying to you the creditors said

You have no homestead!

BPCPA

 

The Living Trust works great

For those who meet the date

Of transferring all their stuff

So get off your duff

And use your trust

BPCPA

 

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Revised: February 26, 2007 .

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