Solutions

1. I did not “contribute” enough money to the IRS. Many times, by having regular monthly financial statements, you can choose how much money to “contribute” to the IRS.

2. I want to sell my business. Buyers want to see regular financial statements and tax returns to determine a price for the business. They also want to see how much money the owners have been taking in draws, wages, auto expenses, personal – business expense. Here, regular financial statements are invaluable.

3. I want to “contribute” more personal property taxes. We have found many instances where property on hand is overstated, so the business has contributed more money to the county. The county thanks you.

4. My accountant doesn't return my call. We have three staff members to take care of your needs and respond within 24 hours.

5. I found out that I owed taxes on April 1. When do you do tax planning? For business clients, we do tax planning in July and November. By preparing financial statements on a monthly basis, we can spot issues through out the year.

6. I am trying to figure out where my cash went. How do I figure this out? We can prepare a detailed cash flow projection or look at your cash flow on a monthly basis to see where your case went.

7. Do you charge for little questions? No, for clients, if I can answer the question in 15 minutes and not use my pencil, there is no charge.

8. I have no one to turn to for common questions. You can talk to me. With a degree in Finance and my experience as a CPA for more than 30 years, I have a lot of business knowledge and can offer simple ways to solve your problem.

9. My Quickbooks financial statement does not match my tax return. Many times, businesses use a bookkeeper and an accountant. Each does their own thing, and journal entries and adjustments are never posted. The answer is to have the accountant and the bookkeeper in the same office, so the tax return and the financial statements match.

10. My business is seasonable. A monthly comparison for the year identifies your regular monthly overhead, and the seasonality of your business.

11. I want to compare this year's income versus last year's income. No problem.

12. Do you work at our office or yours? We work wherever is best for the client. With logmein or gotomypc, we can work remotely through the internet.

13. Do you send reminders? Yes, we make sure that all payroll tax, sales tax, and commercial property schedules are filed on time.

14. Is there a long term contract? No, every agreement is on a month to month basis.