Monthly Archives: March 2015

The CFO Shake-Ups Keep Coming: The Latest Change of Hands

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(image courtesy of meadjohnson.com)

(image courtesy of meadjohnson.com)

As the business world turns, more companies are changing and searching to find a CFO to help with their business success. One of the biggest shakeups this week was the resignation of Mead Johnson Nutrition Company’s CFO Peter Leemputte. As long as Leemputte doesn’t work for another company before March 13, 2015, he will receive his generous separation benefits package. His replacement, Charles Urbain, was the senior vice president for the company. Urbain managed both human resources and stakeholder relations, and will slowly be adjusting into the new position throughout the next few months. In other related news, Susan Riley was hired by Vestis Retail Group, LLC. Previously, she was working for the company as the interim CFO, and before that she was an independent consultant with the company. The company owns a variety of stores that sell clothing and sporting goods. Details on the compensation packet she received were not disclosed to the media at this time.

A good CFO can dramatically change the success of a company, and you can be set up with highly qualified applicants at Goodacountants.com. You can find a CFO replacement that is going to please shareholders, entice stock buyers, and help improve your company.

Make Your Business a Pillar in the Community, Not a Trend with Financial Guidance

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If you want a new business to make it in today’s economy, it’s all about the numbers. It’s reported that 80 percent of new business owners will fail in the first 18 months after they open their doors, often because of poor money management by the business owner. Not just overspending, but not saving, investing and budgeting where it’s necessary all play a part in new business failure. With bookkeeping services for small businesses, this chaos can be avoided.

A professional bookkeeper or CPA will look at the costs you have to run your business, as well as your profits, to see where you need to save money and where you could potentially save money. The bookkeeper will budget all of your business accounts, like the checking account, payroll account and savings or investment accounts. If you have loans on any equipment or other items, they will also help manage the loans.

The idea when owning a small business is to minimize or eliminate debt. This allows you to be as profitable as possible and reduces your risk of bankruptcy. The bookkeeper can help you pay off the loans you have faster, so you can gain more equity in your assets and your business. They will also be a valuable source of information for tax related matters.

You want to find a CPA that does bookkeeping services for small businesses who is also a tax expert. Many CPA professionals are also tax accountants, and they can help you pay less to the government. They will let you know what purchases to make to write off expenses, how you can save on payroll tax, and what amount you should to donate to charity.

The accountant can come in and do a financial analysis of your business to see if you are missing money, losing money, and what is going wrong. They will reform your budget, create a new plan for you to follow, and help you start investing your money more wisely so you can put money back into your company and plan for the future. Find an accountant to get you on the right financial path at Goodaccountants.com.

Do Your Skills Add Up to be a Good Accountant?

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If you are considering a career in the field of accounting, there are some character traits and personal habits that may indicate this is the right career path for you. To be an accountant, you have to do more than just be good with numbers and calculations. You have to provide a service to others, especially if an accident happens and you need immediate assistance. You have to be personable, responsible, and diligent. People want to find an accountant they can connect with and trust, since money is a vital part of life.

If you are an analytical thinker always thoroughly thinking through every move and decision, this may be the field where you strive. If you always weigh out the risks and the gains of every situation and you make sure that you know all of the details before you decide on anything, chances are that you will have a strong career in accounting.

An accountant needs to be organized and very detailed, because all of your calculations are going to require it. You have to be able to pay attention and stay on task when starting a project, and be able to go over your own work to look for flaws. Working with numbers and calculations is an everyday component, so you should enjoy doing math, analyzing gain and loss data, and have general banking skills.

There are many people and small business owners who would much rather let an expert handle their checking and savings accounts. When people are ready to find an accountant for their personal finances or for business financial management, they want to find an accountant who is certified. You will want to get a degree in finance so you are properly trained, and then take the necessary testing to become a CPA.

Find an accountant that can mentor you while you are in school, or while you are preparing to get certified, so you can see what your potential work day could be like. If you are positive that you want to manage money, work with clients, and be an accountant for the rest of your life, start by getting enrolled in an education program and map your route.