|
|
The FKCo Report
Accounting, Tax, and Firm News
September 2009
|
Greetings!
Welcome to the latest installment of our firm's e-newsletter, "The FKCo Report." Here you will find updates on important or newsworthy items within our firm, our clients and the world of accounting and taxation. This allows us to reach out to you, stay in touch and welcome you again to the FKCo Community. We encourage your comments and responses. We look forward to hearing from you!
Respectfully,
Alan, Don & everyone here at FKCo |
|
|
Alan, Jen & Daniel Return From Summer NAMM
Summer NAMM (National Association of Music Merchants) has come and gone. And it feels like the year is flying right on by. It is no mystery that we are going through some trying financial times. With this in mind our attendance, along with everyone else who showed at the Summer NAMM, was especially important. Alan, Daniel, and Jen all spoke at the Idea Center at NAMM. This is a place on the conference show floor that allows retailers and manufacturers alike to be educated on solid business practices. Alan and Daniel taught an hour and a half class on reading and understanding a financial statement. Jen and her cohorts did an hour and half session on social media marketing. Both sessions were attended to full capacity, and allowed FKCo to give back to an industry that we are deeply passionate about.
Click the image above to see Alan speak with Joe Lamond, President and CEO of NAMM about the state of the Music Industry.
|
 Follow FKCo On Twitter!
FKCo is now on Twitter. Click on the logo to follow FKCo on twitter. With this feature, we will be able to give you timely updates and reminders. We love sending out the newsletters, but there is nothing like a little friendly tweet to make sure you have the heads up and the info you need.
|
D is for Deadline!
Please see the upcoming deadline dates below. If you have any questions, email Jen.
September 15, 2009: C-Corporations, S-Corporations, Partnerships, Trusts and Estate Returns are due.
*Please note that Partnerships have changed from a 6-month extension to a 5-month extension.
October 15, 2009: Individual Income Tax Returns are due.
|
A Business To Watch Out For
Music Gear Finder is built, owned and operated by Tom Nessen and Jeff Anop. This site is designed to help the smaller music retailer be seen on search engines.
The mission at MusicGearFinder.com is to be the most popular online solution - connecting Musicians with the music dealer community. The site is designed to give musicians more control over the buying process by identifying purchase alternatives provided by the independent dealers and to provide the independent dealer unparalleled online exposure benefits from the effective use of Search Engine Optimization (SEO).
If you are a music retailer, click on the image to get involved today! This is an amazing, free resource you do not want to miss out on.
|
Don's 'Whine' of the Month
Don's Pick for August is...
Step by Step - Sauvignon Blanc
Don't be fooled by the name; there is a message behind it and it has nothing to do with how wonderful this wine is. This wine provides support to communities in Chile through Fair Trade. Fair Trade Certified products support building a better life for workers and family farming communities through fair prices and direct trade.
Step by Step Sauvignon Blanc is ripe with a crisp freshness that bursts with grapefruit and lime aromas and a mix of tropical fruit on the palate.
Is the heat and humidity getting you down? Open a chilled bottle of Step by Step and relief is on its way. By far one of my favorite whites.
Region: Maule Valley, Chile
*Any fish or chicken dish or summer salad pair extraordinarily well with this light flavorful wine.
Enjoy! |
Alan's Guitar of The Month
Just a couple of weeks ago, the music industry lost an icon - jazz guitarist and innovator Les Paul died at the age of 92. Born in Pasadena, CA, Les Paul played an integral part in shaping today's rock guitar playing by creating the solid-body electric guitar and pioneering modern recording techniques. It seemed fitting that my "Guitar of the Month" should be the very Gibson guitar named after Les Paul.
At age 12, Les become interested in electronics and began seriously thinking about revolutionizing the guitar. He built his first guitar pickup from ham radio headphone parts in 1934, and by 1941 he had built the first prototypical solid-body electric guitar, a four-foot wooden board with strings, pickup, and a plug, which he called the "Log."
In the late 40's, Les met and married singer Mary Ford and they began recording music together, producing a string of hits for over the following 10 years. But Les Paul had other interests in musical experimentation and innovation. He built the first 8-track tape recorder, and pioneered multi-track recording by inventing "sound-on-sound" recording (a.k.a. "overdubbing"). It was also in the early 1950's that he built the Les Paul Recording Guitar which he used on his own recordings. He then began collaborating with the Gibson Guitar Corporation to produce a completely new guitar to compete against the popular Fender Telecaster. And so the Gibson "Les Paul" guitar was born, with "hotter" pickups, a "fatter" tone and greater sustaining capacity than the twangier electric guitars of Leo Fender. Over the years, Les Paul continued to create other ground-breaking guitar inventions like the floating bridge pickup, the electrodynamic pickup, the dual-pickup guitar, the 14-fret guitar, and other innovations used both in guitars and recording studios.
So, in honor our Les Paul, my guitar of the month is a 3-pickup 1962 Gibson Les Paul Custom. Some of you guitar geeks may be saying "Hey, Alan, you're wrong...that's an SG, not a Les Paul." You're half-right. In 1960, Gibson experienced a decline in electric guitar sales due to their high prices and strong competition from Fender's comparable but much lighter double-cutaway design, The Stratocaster. In response, Gibson modified the Les Paul guitar and in 1961 issued a Les Paul guitar that was thinner and much lighter than the earlier models, with two sharply pointed cut-aways and a vibrato system. However, the redesign was done without Les Paul's knowledge. When Les saw the guitar, he asked Gibson to remove his name from the instrument and parted ways with the company. Although this separation occurred in 1960, Gibson had a surplus stock of "Les Paul" logos and truss rod covers and continued to use the Les Paul name on these guitars until 1963. At that point, the SG guitar's name was finally changed to "SG", which stood simply for Solid Guitar. In addition to the SG line, Gibson continued to issue the less expensive Les Paul Jr's, Specials and Melody Makers with the newer body style. These were the standard Gibson electric models until the reintroduction of the Les Paul Standard Goldtop and the Les Paul Custom guitars to the market in 1968.
|
Upcoming Events
Alan will again moderate a few more two-day "Financial Advantage" classes for Yamaha in Las Vegas (October) and New Orleans (February). For those music retailers who are also Yamaha dealers, make sure you contact your Yamaha rep to get on the list for this "all expense paid" program. The vital information and interaction you get from other attending music store professionals is worth the investment of your time. | |
|
|
Thanks for being a part of our FKCo family . It's our pleasure to provide you with the accounting, tax and financial services you need. As always, we're here to help and look forward to hearing from you.
With Warm Regards,
Alan, Don and Everyone here at FKCo
|
|
|
|
|
|
