The New York Times’ Must-Read List

Cover via Amazon

The New York Times recently released its “Essential Wall Street Summer Reading List,” which includes must-read books for those in the business sector and/or anyone who is trying to make smart financial decisions. The list includes books that offer tips on everything from basic bookkeeping to higher-level investment advice.

One of the books that tops the list is James B. Stewart’s Den of Thieves. The book is older—published in 1992—so it’s a bit of a surprise pick for the New York Times. However, it talks about insider trading in great detail, and the relevance of this topic to today’s world likely has a lot to do with why it made the cut.

Other books on the list include Barbarians at the Gate: The Fall of RJR Nabisco by Bryan Burrough and John Helyar; and Liar’s Poker by Michael Lewis. While you might be able to get some great tips from these books, remember nothing beats the bookkeeping and general financial advice you can find at Susan S. Lewis, Ltd., based in Naperville.

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• Michael Lewis, Financial Disaster Travel Journalist (ritholtz.com)

Life Changes Lead to Financial Changes

Did you know that a number of the changes that affect your life can also affect your finances and the way in which you file taxes? If your business suddenly goes from being classified as one type of business to being classified as another type of business—something that often happens as the result of very minor changes, such as hiring a few more employees—you’ll have to make some serious bookkeeping changes. Likewise, things like getting married, having children, earning more money at a side job, getting divorced, buying a house, or moving can all impact your finances and will need to be noted in all of your bookkeeping records.

If you’re not a professional tax expert, keeping track of every important change and indeed, even knowing which changes are important, can be difficult. That’s why it’s best to leave this kind of work up to the pros at Susan S. Lewis, Ltd., located in Naperville.