MyAccountingLife

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William Brighenti
  • Berlin, CT
  • United States
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Accountants CPA Hartford: William Brighenti, CPA: A New Kind of Accounting Firm Opens Its Doors in Hartford, Connecticut

William Brighenti, CPA, and Carole Romatis, Quickbooks bookkeeper, have teamed up to form a new kind of accounting firm: Accountants CPA Hartford. What’s so different about it? Rather than operating…

Tagged: services, preparers, cpas, tax, public

Started Oct. 20, 2009

Retirement Plans: Which is the best plan for a very small business?

I wrote an article on Simplified Employee Pension (SEP) Plan, and while doing the research, I saw some information on solo 401(k) plans. Are they better than the SEP plan in terms of tax advantages,…

Started Oct. 12, 2009

Work-in-Process (WIP) Schedule for Contractors and Manufacturers

I would appreciate feedback (i.e., comments, suggestions, questions) on a webpage devoted to the preparation of a Work-in-Process (aka WIP, Construction-in-Process, Work-in-Progress) Schedule. Thank…

Tagged: construction, accounting, manufacturing, reports, costing

Started Oct. 12, 2009

Construction Gain/Fade Analysis

I'm interested in new templates for Construction Gain/Fade Analyses. Anyone have one? William Brighenti, CPA, Hartford Accountants CPA

Tagged: firms, construction, accounting, Hartford, public

Started Sep. 29, 2009

 

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William Brighenti added a blog post
Many taxpayers erroneous think that if they are on the accrual method for tax accounting that they may simply accrue real property taxes on their tax returns. No necessarily so. Taxpayers need to adopt or elect the recurring items exception or the r…
August 30
William Brighenti added a blog post
The Percentage-of-Completion Method of Accounting for Long-Term Construction ContractsAccording to ARB No. 45 and SOP 81-1 by William Brighenti, Certified Public Accountant, Certified QuickBooks ProAdvisor For a review of the methodology and concep…
August 27
William Brighenti added a blog post
Many Americans working abroad fail to properly apply the physical presence test in order to maximize the exclusion of foreign earned income. Do not pay thousands of dollars of income taxes needlessly; read the article, Maximize Your Exclusion of For…
August 10
William Brighenti added a blog post
Using QuickBooks Online for Property Management Accounting Using QuickBooks Online for your property management accounting may be a solution for your property management needs. Often the individuals collecting the rents, undertaking the bookkeeping…
June 23
William Brighenti added a blog post
Before forming a limited liability company to apply for tax-exempt status of your organization, think again: read the article, "Are You Considering Forming a Tax-Exempt Organization? Do Not Form a Limited Liability Company". William Brighenti, CPA…
June 13
William Brighenti added 2 blog posts
June 6
William Brighenti added a blog post
Thinking of hiring new employees? The HIRE Act enacted on March 18, 2010 allows employers to be exempt from their share of social security taxes on wages paid from then until the end of the years as well as to take a tax credit of as much as $1,000…
June 1
William Brighenti added a blog post
Why does the Internal Revenue Code read as clear as mud? It must be deliberate. I'm not complaining, because it's good for my business as a Certified Public Accountant. Let's face it, if the average person could understand the tax code, why would th…
May 30
William Brighenti added a blog post
There are lots of similarities. Perhaps? Is the IRS Really the Mafia?
May 1
William Brighenti added a blog post
You may ask yourself—if you have virtually no clients and nothing to do or have just been fired for being a loser at a public accounting firm or have just smoked a joint and experienced a profound metaphysical rush—how a former hippy could have foun…
April 27
William Brighenti added 2 blog posts
April 25
William Brighenti added a blog post
How to Handle Your Property Managers: A Foolish Property Owner and His Money Are Soon Parted! It never ceases to amaze me as a certified public accountant how foolish some property owners are in the entrustment of their properties to the managemen…
March 19
William Brighenti added a video
February 24
William Brighenti added a blog post
Having problems with your taxes, accounting, QuickBooks? Do not fear, the Bearfoot Accountant is here! Here he comes to save the day, the Barefoot Accountant is on his way. Mr. Trouble never hangs around, when he hears my mighty sound. For all tax,…
February 21
February 19
Dear Kenneth Higgins: I am so very impressed, moved, and touched by your comment. I, too, remember a different time prior to the "Me" generation. My dad constructed 20,000 square foot buildings on a hand shake for businesses. People then valued the…
February 19
Dear William, I am a Sole Proprietor in Lake Hiawatha in New Jersey and like most other CPA'S we thought as long as we could work the work would always be there, but you are absolutely right. I have taken the following steps, I have volunteered for…
February 19
William Brighenti added a blog post
In the classic book about the accounting profession, Unaccountable Accounting: Games Accountants Play, Abraham Briloff recounts a supposedly true story about how accounting firms may have been chosen by public corporations. In the event that you may…
February 18
February 17
February 9

Profile Information

Company Name
Accountants CPA Hartford: William Brighenti, Certified Public Accountant, Certified QuickBooks ProAdvisor, Certified Business Valuation Analyst
About Me
William Brighenti is a Certified Public Accountant, Certified Valuation Analyst, and Certified QuickBooks ProAdvisor with thirty years of experience, having begun his career in accounting in 1979. William holds a Master of Science in Professional Accounting degree from the University of Hartford, and attended the University of Connecticut and Central Connecticut State University for his Bachelor of Arts and Master of Arts degrees, as well as Purdue University for his doctoral studies in accounting and quantitative methods in business. He has contributed articles on accounting and taxation to various professional journals, and has served on both the Board of Finance and Taxation as well as the City Plan Commission for the City of New Britain. Moreover, he has taught accounting at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University as well as GMAT and CPA examination preparation classes at Kaplan Educational Centers and Person-Wolinsky.

Bill writes a blog on various accounting, QuickBooks, and tax topics as the Barefoot Accountant at http://www.cpa-connecticut.com/blog/.
Software Expertise
Quickbooks, Sage Master Builder, Timberline, Church Windows
Website:
http://www.cpa-connecticut.com
How did you hear about MyAccountingLife.com
accountingweb.com
Which other online communities do you actively participate in?
Accountants World, Intuit Community
What are you interested in being contacted for?
I am developing a website primarily devoted to promoting technical articles interpreting and illustrating the various methodologies of accounting and tax pronouncements. I welcome articles, participation, comments, suggestions, and any feedback to articles appearing on my website.

William Brighenti's Blog

William Brighenti

Accrue Real Property Taxes by Electing Ratable Accrual Method or Recurring Items Exception

Many taxpayers erroneous think that if they are on the accrual method for tax accounting that they may simply accrue real property taxes on their tax returns. No necessarily so. Taxpayers need to adopt or elect the recurring items exception or the ratable accrual method for real property taxes. Find out more by reading Electing the Ratable Accrual Method to Accrue Real Property Taxes Pursuant to Int

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Posted on August 30, 2010 at 9:02am —

William Brighenti

Do You Know How to Maximize the Exclusion of Foreign Earned Income?

Many Americans working abroad fail to properly apply the physical presence test in order to maximize the exclusion of foreign earned income. Do not pay thousands of dollars of income taxes needlessly; read the article, Maximize Your Exclusion of Foreign Earned Income Under the Physical Presence Test, and save on income taxes.



Continue

Posted on August 10, 2010 at 2:46pm —

William Brighenti

Using QuickBooks Online for Property Management Accounting

Using QuickBooks Online for Property Management Accounting



Using QuickBooks Online for your property management accounting may be a solution for your property management needs. Often the individuals collecting the rents, undertaking the bookkeeping, purchasing materials or hiring subcontractors, and providing the investment funding are in different loca

Continue

Posted on June 23, 2010 at 7:27pm —

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