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Help for Investment Club Treasurers with Mergers and Spinoffs |
2/28/2025 |
If you're an investment club treasurer, don't pull your hair out trying to properly record a complex merger or spinoff transaction.
One of the toughest parts of being an investment club treasurer is the entry of complicated merger or spinoff transactions in the club's books.
We're seeing more and more companies coming up with unusual methods of handling mergers and spinoffs, with cash, stock, or a combination being offered. The tax treatment can be vastly different, as well. That's why it's vitally important to make sure that these kinds of transactions.
No matter whether or not a spinoff or merger is unusual or not, you can count on myICLUB to provide you with assistance in entering these transactions into your myICLUB.com club records. Russell Malley, our resident club accounting advisor, works to come up with easy to use instructions for unusual transactions, which you can find here on the myICLUB.com web site. And you can watch the replay of our webinar on the topic on our YouTube channel as well.
myICLUB.com is the world's most popular tool for investment club accounting and operations. Sign up for a free trial to see for yourself why thousands of investment clubs choose myICLUB.com to manage their club's books and operations.
For more on tools for investment club accounting, operations, and tax preparation, please visit https://www.myICLUB.com.