In part two of How I got Started, I discuss how blending creativity with accounting has been useful in providing my clients with guidance, direction, and an increase in their cash flow.
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In my career, creativity and accounting have gone hand-in-hand. While creativity and accounting may seem like an oxymoron, blending the two has proven substantially beneficial to my accounting career. In this blog I address how my upbringing has molded my practice into what it is today.
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Learn about what a Forensic Accountant is, the duties they perform, and how to determine a high quality Forensic Accountant.
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A critical difference between companies that manage succession well and those that don’t is the understanding that succession is a process, not an event. In fact, the process begins years before the event. Succession crises will only get worse if companies continue to avoid tackling the problem.
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This week is all about succession planning. If you’re currently considering transferring ownership of your business, this week is dedicated to you.
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A general ledger is similar to the box scorecard of a sporting event that contains all of the detail to support the final score of the game. Your transactions related to revenues, expenses, asset purchases, liabilities, and equity (all found in the general ledger) support the final score at any given time of your operating performance.
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Why do you need an accountant? What value is there in worrying about the detail that supports your financial statements?
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This article on Tax Audits is written by Kiplinger
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If you're getting hounded by calls, emails or letters from the IRS, how do you know they're legit? Here are some warning signs of scams to watch out for.
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This blog will discuss the importance of isolating your intellectual property into a separate entity to enhance value and mitigate risk. It will also discuss the importance of setting up separate entity structures to achieve your targeted goals and objectives. In most cases value should be separated with specifically defined revenue streams. The overall business structure established by the entrepreneur can assist with measuring value and timely accountability.
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Do you want to really know the effects of your actions on your financial future? All activities can be quantified like hitting a light switch, and then the room lights up. If you quantify your numbers the information received is like turning on the lights. You are no longer in the shadows wondering what is really going on in your business.
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Cooper CPA Group would like to announce a new business offering for entrepreneurs that will be similar to controllership, but less invasive.
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Have Marketing Dollars left your Business account every month? Make sure you are tracking them effectively! This blog is about gaining an understanding of your marketing and advertising dollars spent and how they can be properly tracked through your financial information. You should have a good understanding of how much you are spending and how it impacts your bottom line.
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It is always good to know if there are any areas that need improvement within your company that can help you with your financial future. The financial records can be utilized to navigate your company. At Cooper CPA Group we offer a service called “Looking under the Hood”. The following knowledge could be gained through this process.
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It is stated that if you want a large company then you should act like a large company. What does this mean? It doesn’t mean you should start spending money on everything as a large business but there are several areas that need to be adjusted.
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This is an overview of Domestic Production Deduction for Business Taxes, for the 2018 Tax Law.
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This is a hot topic around our office. As a CPA practice we believe that you should have a defined close process at the end of each month. We treat the firm like a client!All accounts are reconciled and analyzed at each month ended.
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This is an overview of the Entertainment for Business Taxes, for the 2018 Tax Law.
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This is an overview of Like-Kind Exchanges for Business Taxes, for the 2018 Tax Law.
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This blog is specifically geared for teaching an entrepreneur how they should gain a better understanding of their financial information. The decision making process can be greatly enhanced by using your balance sheet, income statement, and underlying financial data. You can pivot more promptly, that can create a positive financial impact. Using financial data will assist you with changing your business direction, increase revenue streams, and allow you to learn how to analyze your expenses to increase your bottom line.
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