Monthly Archives: June 2013

IRS Scandal Brings Up Financial Concerns for Many: How the Best Accountants Can Help Avoid Those Tax Worries

Posted on by

best accountantsThe recent IRS Scandal  has many people, including business owners, thinking about their own finances and tax concerns. The news came to light in early May when it was disclosed that the agency had been improperly targeting some conservative groups such as tea party groups who had applied for tax-exempt status.

If you hope to avoid a run in with the IRS, having the best accountants on your side can decrease those odds of being targeted or facing one of many tax issues that can occur.

For a small business as well as an individual, this can make the difference financial success and financial disaster.

A professional, experienced accountant such as those you’ll find with GoodAccountants.com can act as your trusted advisor, helping the business owner to manage cash flow, implement strategies and plan for growth, assess risk and make sure your all of you records are in order. Not only can an expert help save you money by managing your finances and taxes wisely, but a professional can save you hours and hours or precious time and the stress that comes with it.

The best accountants for a small business will understand the dynamics and complex accounting requirements and also have experience and knowledge in your specific industry. Many accountants even specialize in particular industries such as construction or real estate, making them an even more valuable part of your business.

An accounting expert can provide important long-term strategic advice that can help you manage business finances the right way and provide services such as budgeting and forecasting, risk assessment or even advice for starting up a small business.

The expert business consultants at GoodAccountants.com can match your particular requirements with the very best accountants in the nation that will provide the best fit for your business at no cost to you.

With businesses relying on accurate and insightful financial information in order to maintain and increase profitability, capitalize on new opportunities, save money, headaches, plenty of stress – and avoid that dreaded visit from the tax man, a trusted accountant is a must.

Petsmart Names New CFO: How to Find a CFO for Your Business

Posted on by

find a cfoAfter hiring a new CEO and COO earlier this year, Petsmart announced recently that Carry Teffner would become their new chief financial officer and she took over this role on June 3. Teffner has served as the CFO for several major companies, most recently for Weber-Stephen Products, a leading manufacturer and exporter of barbecue grills and accessories.

Petsmart’s COO remarked that her “extensive expertise in finance across multiple industries including retail and consumer goods” will make her a valuable addition to their leadership team.

It appears that Petsmart has found a great fit for the management of their company’s finances. But how does the average business owner find a CFO with the best qualifications for their needs?

A small business can have much different needs than a large multinational corporation. A startup company doesn’t come with the same infrastructure that a bigger company typically would have, making the CFO responsible a wider range of tasks.

If you want to find a CFO for your business, this can be one of the most important decisions for its financial health and success. The right professional for the job must have the extensive expertise required on the accounting, process, and tax knowledge needed to steer a company’s finances. The CFO should be able to take a leading role in bringing operation excellence into the business by installing the right amount of structure, reporting and processes.

To find a CFO that can be trusted to not only handle privileged information and make the best financial decisions can be the major factor for taking your business to the pinnacle of success and even beyond.

The CFO needs to be a trusted advisor to help you make the big and small decisions in addition to being able to perform a wide range of duties. In a small business a CFO often needs to be comfortable with legal documents as well as finance as they take a more hands-on role in day-to-day operations.

So how do you find a CFO that can be all of this and more? By calling the expert consultants at GoodAccountants.com, you’ll receive the very top candidates with the qualifications specific to your needs at no cost or obligation to you.

Small Business Accountants Help Organizations Achieve Success: How they can help yours too

Posted on by

small business accountantsDid you know that most small businesses utilize outside accounting services for their companies? A recent survey found that 71 percent of small businesses are currently using the services of an outside accountant and 66 percent began using them during the start-up phase or within six months of establishing the organization.

Larger companies often have a staff of in-house accountants; however, this is an expense that most small businesses cannot afford. Of course the owner of the business can’t afford to spend all of his or her time on accounting either. In order to achieve success, someone has got to manage the books in addition to handling taxes and ensuring the financial records are well kept.

This is the reason so many small businesses call upon the services of an outside accountant. How can small business accountants help you?

  • Bookkeeping basics. Accurate financial records are a must. Every financial event related to your business should be tracked. Without that, it’s almost impossible to make sound budget or growth strategy decisions. Improper bookkeeping can also cause a major financial crisis and even bankruptcy.
  • Taxes. Being aware of the ever-changing tax laws is almost a full time job, but small business accountants keep up to date with all of the rules and regulations and have the appropriate tax knowledge that can save you thousands of dollars over time. They can also save you plenty of stress and headaches by warding off tax troubles. You won’t have to worry about making errors on your tax forms or missing out on important deductions when filing taxes either.
  • Valuable advice on long term business strategies. Small business accountants can act as an advisor and assist in appraising viability of future projects as well as financial forecasts. This expertise can be instrumental in the growth of your company.
  • Saving time. It may be a cliché, but it’s true. In business, time is money. By utilizing outside accountants, you can breathe easy knowing that an expert is managing the finances, allowing you to focus on what you do best.

Fortunately, GoodAccountants.com has the perfect solution with expert business consultants that have the ability to find the ideal small business accountants for your organization at no cost to you.

How to Find an Auditing Firm and Stay Ahead of the IRS

Posted on by

With the IRS in the headlines recently, many business owners may be holding their breath hoping that they don’t become a target of an investigation or an audit. The dreaded word is enough to make anyone experience heart palpitations.

If you want to ensure that all of your ducks are in a row when it comes to your business finances, one of the best ways to do that is to find an auditing firm. An audit of business records can help give you peace of mind and even prevent financial disaster. Many businesses look to auditing firms for their professional expertise and guidance in financial affairs to ensure continued success.

Of course, it is crucial to find an auditing firm that is highly ethical and trustworthy in order to handle confidential records. What else should you look for when seeking the right firm?

  • A good reputation is a must. Your business reputation can be impacted by the auditing firm you choose. Consider contacting professional organizations for a list of recommended firms or ask other business owners within your industry for a referral to a firm they have used and know to be trustworthy.
  • Experience and expertise should also be on the top of the list. Businesses entrusting their most sensitive financial information to a firm, need to know that it is being handled by those who have proven years of experience.
  • High ethical standardsfind an auditing firm should be displayed at all times. Does the auditing firm display a high level of ethics in everything they do?

Important factors to consider when narrowing down your choices include:

  • Qualifications. Does the firm specialize in auditing or is auditing something they do on a part time basis to fill in during slower times of the year? Find an auditing firm that is focused on only doing audits is highly preferable.
  • Communication. You need to feel comfortable asking questions and sharing confidential details of your business with the firm. It’s important to be able to work with someone you can communicate with in such highly important financial matters.
  • What type of experience does the auditing firm have? Choose a firm who has worked with a company similar to your own and understands your specific needs and requirements.

One of the easiest, stress-free options to find an auditing firm is to contact the expert business consultants at GoodAccountants.com. They do all of the work in screening the highest quality firms and will provide you with multiple quotes so that you can get back to concentrating on your other important responsibilities.

Where is my Refund? Find an Accountant Now to Save Stress and Money Next Year

Posted on by

find an accountantIf you’re still waiting for your tax refund, you can check the status here: Where is my refund? When it does arrive, consider putting a little of that money away so that you can find an accountant to save stress and potentially quite a bit of cash in the long run.

Did you know that by spending just a little by utilizing the services of a professional can help you save a lot? Find an accountant and you can ensure your money is in order and take one more worry off of your list. By doing this now, you can increase the size of next year’s refund, or even better, save all of that extra cash you’ve been dolling out to Uncle Sam as an interest-free loan.

Keeping up with tax laws

A certified tax expert like those you’ll find at GoodAccountants.com, has the most up to date knowledge of all of the ever changing federal tax laws as well as specific tax state laws. While many individuals are aware of the basics, in order to keep up with all of the rules and regulations, it’s a full time job.  It is the job of a professional accountant to know the ins and outs of tax laws, and they frequently attend continuing education courses and conferences to make sure they are aware of changes to tax policy that may affect their clients. This helps the client to avoid penalties and fines and maximize refunds.

Financial advice all year long

Find an accountant now to receive valuable advice that can help all year long, including implementing a tax planning strategy that will allow you to keep more of your hard earned money. If you have a professional tax expert on your side, you’ll also have a knowledgeable person to turn to who is familiar with you situation should you run into any tax issues or help dealing with the IRS.

While many people believe they can handle their own taxes through do-it-yourself tax programs, the reality is, that software is not foolproof and it may not find every deduction that you may be eligible for. A professional will ask you all of the important questions to determine deductions you may have missed, and provide advice that will help you make better financial decisions all year long.