I am a CPA, and I specialize in individual and small business tax & accounting advice and services. I am dedicated to providing my clients with professional, personalized services, accounting advice, and guidance in a wide range of financial and business needs that will enable them to grow and prosper.
Over the past 30 years, I have worked as an accountant in public practice and in private industry. One thing that I have observed is that the small business is underserved by its outside CPA firm, who provides annual or monthly bookkeeping services, year-end tax preparation, and not much more. Accountants deal with historical information and rarely help their clients look to the future or help them grow and become more profitable.
I have identified three areas that are essential to the success of any small business. First, the initial setup and proper use of accounting software such as QuickBooks, and the valuable information that it provides. Second, real tax planning that puts money back in the pockets of the small business owner. And third, coaching the business owner so that he can increase profits and ultimately work less.
Why have these services not been provided? The reason is simple. The CPA is so busy with accounting and tax compliance services that he has no time to really help the clients plan for the future. I’m not saying that these services are not necessary, because they are. What I am saying is that small businesses need much more than bookkeeping and tax services. They need help in proactively managing their businesses.
For example, every small business owner should have at his fingertips, a current and reasonably accurate balance sheet and income statement by the 10th of every month. Small businesses that don’t have in-house accountants usually don’t get this information for months or even until the following year. They take a box full of data to their accountants each month or at the end of the year. The result is that the business owner does not have the information on a timely basis to manage their business and pays too much in taxes because there is no tax planning.
The solution is to have the accounting done in-house by someone who is properly trained as a bookkeeper or accountant using up to date software such as QuickBooks. As an alternative, the business can use a qualified outside bookkeeper who can come in and do all the accounting in-house on a weekly or monthly basis.
If you are looking for help or need help to clean up a mess, this is the right place to be. I believe proactive tax planning is the key to keeping more of what you make.