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Ideas from inside Upside CFOIs Your CPA Doing All They Can?
by Brian Lang
Your CPA should be doing more than just filling out forms, their real goal should be to save you money on taxes.
Most people don’t even realize what their CPA can really do for them. It’s about planning, not just preparing.
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Is Your CPA Doing All They Can For You?
This is an important question to think through. How do you know if your CPA is doing everything they can to help you? It is disturbing to hear business owners and individuals rattle off several things they dislike about their CPA. When you dig further and ask the...
5 Not-So Common Ways to Grow Your Business
1. Be Great at Hiring ‘A Players’ are a key component to having a successful business. It is critical that your small business invests in the hiring/recruiting process. You need to be able to learn how to consistently identify talent and keep them in your network....
Don’t Be Afraid of Change – Replace Your CPA Now!
Why are people reluctant to switch CPAs? The main reason is simple, people fear change. There are multiple statistics that show the average client stays with their CPA for over 7 years. This is an extremely long time, especially when you factor in many common...
The American Dream of Home Ownership is Completely Wrong
Home Ownership. The American Dream. This is often a poor decision from a financial standpoint. I will prove it to you with my own personal situation. I often get a jaw-dropping reaction when I tell people that I rent our primary residence even though we...
The Truth About SBA Loans: EIDL vs PPP
How would you like to have two months of free payroll, rent, utilities, and interest? The CARES Act was recently passed to help small business owners just like you. This legislation contains the option to apply for one of two loans products backed by the Small...
Are You Big Enough for Tax Planning?
We get this question a lot. It is always some form of “How much money do I need to make before I can consider a tax plan?" We hate to do it, but we usually answer that question with another question: "Would you rather have money in your bank account, or in the bank...
Salary Distorting Your Financials?
A common theme that occurs on many business owners' financial statements is that the owner's pay distorts the actual profit of the company. We often see owners paying themselves too low of a salary (more common) or too high of a salary. This discrepancy in salary...