Building A Successful CPA Practice


Once you go through the steps to complete your education and obtain your CPA license, you can start working toward building up your business. Whether you intend to operate as a sole proprietor or wish to create a firm with several other accountants, one of the main goals should be to find and acquire loyal clients. Here are some important first steps that can help you build up a successful CPA firm. Others CPA professional practice starting a business

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5 Biggest Mistakes in Healthcare Staffing by Susanne Mariga, CPA

Mike Michalowicz

These are individuals who are truly steering the pack with their excellence in operations, experience, and revolutionary ideas. They are unable to hire the best internal staff, they are unable to pay payroll taxes, and they are unable to invest in the development of the company. Scot Thompson warns that Healthcare Staffing Firms operate in a complex everchanging multistate regulated environment and the failure to maintain that compliance can be detrimental.

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The Latest Questions Small Businesses Are Asking

Up and Running

A venture feasibility study analyzes an idea from several perspectives: market opportunity, competition, resources available, resource gaps, financial viability, operational issues, intellectual property rights, development timeline and technology needs. A major cause of business failure is not having enough cash available to cover all startup costs and operate for at least a year. Do I need to hire a Certified Public Accountant (CPA) for my small business?

Small Business and Startups: 5 Tips For Keeping the Books

crowdSPRING Blog

Enter the accounting team: you, your bookkeeper, your CPA, and (sometimes) your tax specialist.Rat. Small businesses are more likely to hire an outside accountant who is versed in managing books, creating reporting systems, and preparing corporate taxes. This is often driven by your choice of accountant: if your CPA uses Quickbooks , it’s a reasonable bet that you will, too. Does your CPA have the right level of industry knowledge to advise you well?

Creating a successful business

The Startup Magazine

A successful CPA with a large international business recently revealed to me that when she retires she wants to become a florist. Hire the best people.

Founder Interview: Richard Lavina Innovating Accounting Services with Taxfyle

The Startup Magazine

Richard Lavina, CPA, Co-Founder and CEO of Taxfyle. Richard: I went to school for accounting and followed a path after graduation that those of us in that major typically follow: I started working for a CPA firm in Miami. Hiring?

21 Tips To Avoid A Small Business Tax Audit


Loss-making entities should be able to establish legitimacy of operations through transaction receipts and records. If you hire the services of a qualified tax professional or accountant, you can avoid the common pitfalls that lead to tax audits.

Proper Due Diligence: The “Other” List


Obviously it is already established, operating on a model that is at least somewhat successful, and provides a proven service to a dependable customer base. Hire a CPA. But even if they are a stellar accountant, a doctor would not operate upon their own body, and the same principle applies. First off, a CPA will save you time by doing the same work faster than you while providing a valuable third party perspective. Hire an attorney.

Venturing into Real Estate and Construction? Services to Outsource

Women Entrepreneurs Can

As mentioned on this page- Construction Accounting | Real Estate CPA | Ft Lauderdale, FL CPA , tax planning and compliance is integral to real estate accounting. It could be also helpful to closely gauge facility operations and quality lapses. Congratulations!

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What Startups Need To Know About Business Valuation


Why is it important to hire an experienced valuation firm? Valuations for startup entities are often highly complex due to the uncertain nature of early-stage operations. Janet Chase, CPA, ASA, ABV , is a director of business valuation in Kaufman Rossin’s Miami office. Kaufman Rossin is one of the Top 100 CPA firms in the U.S. by Janet Chase, Kaufman Rossin.

Business Prenup: What To Do Before You Start A Company With A Partner


Hire professionals. A CPA provides input on tax structure and metrics, and assists with due diligence related to your industry. For example, you can determine a term that requires shareholders to hire their own experts and then harmonize those numbers, or you could have a term that requires the members/shareholders to hire experts who then select a third expert to provide the valuation. by Mark L. Zyla, managing director of Acuitas, Inc.,

Cash Flow

Up and Running

Building a cash flow statement involves showing how money is moving into and out of your business from operating activities, investing activities, and financing activities. It doesn’t take a CPA or an MBA to do it. What is Cash Flow?

Early Growth Financial Services Welcomes New Tax Director

Early Growth Financial Services

San Francisco, CA (PRWEB) February 26, 2015 Early Growth Financial Services (EGFS), an accounting and financial services firm that specializes in providing a range of outsourced financial support to early-stage companies, announces the hiring of Andy Kapur to head its Tax Practice. Andy will direct tax efforts for the nine markets that EGFS currently operates in, bringing his 15 years of global tax experience to bear in working with EGFS’ 450+ clients. Originally published on PRWeb.

The 4 Factors That Determine the Value of Your Business

Women Entrepreneurs Can

A great way to minimize this risk is to hire and train great employees, or to hire some of the business processes out to qualified professionals. For instance, you can look at ways to hire out your public relations or marketing.

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Entrepreneurial Tips For Launching A Start-Up


Every entrepreneur should have a basic foundation in the accounting and finances of their business, if even just to understand and act on the feedback of a CFO or CPA. When hiring, I like to attach a performance plan to every position as a way of setting expectations for my employees and myself. Logan Soya is the founder and CEO of Aquicore , the leading provider of IoT-driven smart asset management solutions for commercial real estate building operations.

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Do You Have a Hobby or a Business?

Up and Running

Talk to a CPA and/or an attorney to figure out the best structure for your business ( partnership , LLC , S-Corp , etc.). You can track things manually through a spreadsheet, hire an accountant, or invest in cloud accounting tools like Xero and Quickbooks.

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5 Benefits Of Expanding Your Business Into Global Markets


No matter what you do, you increase your ability to hire the best people when you tap into the global markets. When you expand into other markets and hire the best people, you automatically gain an edge over your competitors. You also gain an advantage in your own operating processes, because you tap into innovation and technology not available in the United States. Look into each incentive carefully and discuss each one with a CPA if necessary.

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How to Run a Full Financial Audit of Your Business and Optimize Spending

Up and Running

Most people think of financial audits as investigations carried out by a certified public accountant (CPA). Determine effective ways to cut operational expenses. Operational expenses relate to the day-to-day requirements of running your business.

5 Financial Problems That Are Killing Your Business


Money is business, and businesses certainly can’t operate without it. In most high schools, we aren’t even teaching kids how to balance a checkbook, yet we expect young start-up entrepreneurs to maintain balanced books even before they are able to hire an accountant. Once a business grows to the size of hiring an accountant, it becomes less of a problem, but even then, some of the largest businesses in the world have real holes in how they handle business finances.

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Budgeting 101: Five Tips


Simply write down all of the income that you reasonably expect to receive in your next operating period, usually a month or year, then write down all of the expenses that you reasonably expect to incur. Hire An Accountant. But if you are unable to do it for yourself, you should hire an accountant to prepare a simple budget for you, and then have your accountant inform you every three or six months about how you are doing. By Alan C.

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Maximizing Profits in the Healthcare Staffing Industry by Susanne Mariga

Mike Michalowicz

By focusing on reducing human touches and automating the sales and recruitment process, Angelichio and the Judge Group are able to minimize the cost associated with hiring additional internal staff while meeting their market demand in record time! Buglar discourages Healthcare Staffing Agencies from following the “HERO” model, where they focus on hiring many Senior Managers with exorbitant remuneration packages. Profit and cash flow are critical in any business.

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Your startup is loved locally, but how do you expand it globally?

The Next Web

Having a geographically strategic point of operations can flow on to other key factors that influence a startup’s expansion — the overall management of the new location, how it is viewed by consumers, and the level of generated exposure. According to Airbnb’s Growth Product Manager Rebecca Rosenfelt, the CPA result of these tactics was 5X better than other strategies such as Facebook acquisition costs. Introducing a new idea into the market and turning a profit is a feat in itself.

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Master of Customer Acquisition, Matt Coffin, On Startups …

Both Sides of the Table

Since selling Matt has gone on to become one of the smartest angels I have seen operate. o Their strong skill was online media buying and optimization – they rarely would do CPA deals – mostly buying CPM. o Early on they hired 3 people from ACT software at once (more team hiring) on staff and supplement it with Agency (in LA worked with First Communications – good).

Entrepreneurship for Superwomen

Up and Running

A friend recommended it to me, and it was the single most important thing I did on my journey as a business owner and operator. I hired David Caples as my consultant for the purchase of an inn in Florida, and he introduced me to a realtor who showed me properties for sale. If you hire a consultant, listen to what he or she is telling you and do not think you are so special that you can go against history. Hire help and train them to be great at what they do.

The five C’s of Business Partners: a marriage without the sex


In working with entrepreneurs over the years, I have learned that the difference between success and failure is often centered on the people aspects of the business rather than strategy, finance, or operations. It is not that strategy, finance, and operations are not important, but rather failure of the business is more likely attributed to people issues. It turned out that he really only needed a good bookkeeper and CPA. By Richard Sudek.

How to Form a Corporation

Up and Running

Consider finding and working with a CPA and a lawyer. In addition to those two types of hired help, you can get free guidance and support from a local SBDC consultant. Your choice here is to either hire an agent or be your own. If that seems appealing, the good news is that a registered agent can be hired inexpensively ($300 or less) and cover all your needs. Your decision here is whether to file yourself or hire a service.

25 Entrepreneurs Share Their #1 Goal for 2020


It could be more revenue, hiring clients or launching a new product or service, but every new year is an exciting time because it’s ripe with opportunity. Now, more than ever, the travel space needs to find more ways to operate environmentally sustainably.

28 Entrepreneurs Explain Why They Started Their Business


They needed a way to use their website to its full potential, but they either didn’t have time or money to hire a marketer. So, I came up with an idea of using social proof to help business owners do marketing, without hiring a marketer. Sinordo, Modern CPA Group ! #17-

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Key Performance Indicators (KPIs) for Optimization


A key performance indicator (KPI) is a quantifiable activity used to measure how a key aspect of your business is operating or how much volume it’s receiving. At their $39/month price point, this means that a customer generates about $1,800 in lifetime revenue, allowing Constant Contact to make money at a CPA (cost-per-acquisition) of $450.” Hire a data scientist! It’s easy to get lost down the rabbit hole of metrics for your business.

25 Entrepreneurs Share Their #1 Goal for 2020


It could be more revenue, hiring clients or launching a new product or service, but every new year is an exciting time because it’s ripe with opportunity. Now, more than ever, the travel space needs to find more ways to operate environmentally sustainably.

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No credit? Big problem. Here are 7 steps to build your startup’s business credit

The Next Web

It’s important to realize that a sole proprietor can’t apply for a business loan or business credit; sole proprietors can only get personal loans, whether they need that money to hire a software developer or buy a new car for personal use. Your CPA can advise you on the best legal structure for your particular situation, as your choice in entity can have some pretty significant implications on your taxes.

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How to Optimize an Affiliate Marketing Program for Profitability


Affiliates can share their learnings with you, which can help you guide other affiliates and in-house operations. CPA / Sub-Affiliate. Robert gives a great example… Robert Glazer , Acceleration Partners: “A retail client recently hired us to manage its pre-existing affiliate program. Bo Bennett once said, “Affiliate marketing has made businesses millions and ordinary people millionaires.”. Of course, affiliate marketing has this mysterious aura about it.

Entrepreneurial Profile #2: The Expert

Up and Running

Sue originally went to school to be a CPA. ” When it came time to add to Sue’s team, she prioritized hiring administrative staff. Sue valued keeping a tight fist around the company’s finances, operations and business development. While she hired an office manager and marketing manager, truth be told, those were just fancy titles.

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How To Close The Books on Your Startup

If you’ve been operating as a Corp, LLC, or Partnership, all business associates need to vote on closing the business. If you’ve been operating as an LLC, review the dissolution requirements in your state’s LLCA (Limited Liability Company Act). Notify the IRS that your business is no longer operating by shutting down the Employer Identification Number (EIN). The first step is to get to a CPA or attorney with strong TAX background to avoid a minefield.

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How I Started, Grew & Sold An E-commerce Business For Quarter Million Dollars ($250,000) – Part 2 by Yaro Starak

This article picks up from that point onward, discussing the challenges we ran into once we went into operation mode, the invaluable lessons that only first-hand experience can teach, the exit strategy which was the $250,000 sale of the website, and finally my overall concluding thoughts on the entire experience. If you can’t do it, hire someone who knows what they are doing. Suddenly, our operational risks “creeped” into becoming reputational risks.

4 Tips to Ensure your Allergy Practice is Profitable in 2017 by Wendy Barlin

Mike Michalowicz

As a CPA who focuses on Allergy Practices, I wanted to learn what the most successful practices did to ensure a health practice and how I could help my clients achieve greater PROFITS……. My aim was not to uncover the basics, but to dig deeper into the financial operating processes and mindsets of highly profitable firms. Summary: Hire talent for the primary role they will be performing. Running an Allergy Practice is no easy task!

Episode 5: Alex Blumberg, Business Credit, and Cloud-Based Subscription Services

Up and Running

You guys are growing, there’s a lot of pressure, more shows, hire more people, how do you have time to deal with that and make sure that you build the culture that you need and want in the context of “But we don’t have enough people to do everything we want to do?” I had a conversation with this CPA recently who’s probably in his late 50s and I’ve mentioned QuickBooks for example, he was talking about QuickBooks.

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Lack Management Support or Buy-in? Embarrass Them!

Occam's Razor

Or we are insulted that they won't accept our recommendations, after all we are the experts here and that's why they hired us!! Use your customers and competitors to help you move the ball forward (buy a new tool, hire another analyst, kill hideous home pages, spend right amounts on SEM and SEO, publish rich media on your site, implement feedburner , or whatever else you want). It can seem that many Consultants / Consulting Companies operate on the Despair poster mindset.

How to Become Your Own Boss in 2015 (Webinar Recap)

Up and Running

Those of you that have had the opportunity to go to college, I am quite sure that you probably know someone who is a CPA and someone who is a lawyer and you want to add those two people to this kitchen cabinet as well because you need professional advice. It’s your operation, it’s your banking relationship and your processes and what goes into your process? Social media is no longer an option, you must be a social media expert, too, or have some budget to hire somebody to help you.

Beware The Consultant

Thus, as your startup matures, many of your operational functions can be successfully outsourced. At the early stages of your company’s life, you cannot rely on disinterested, hired guns to define your company’s key tasks. John is a CPA and holds an M.B.A. … You should only give hired-gun contractors this much equity if you consider your company to be of very little value. What would be the best way to get results without hiring a consultant from Silicon Valley?

Lousy Products Might Break Your Bones – But A Name Will Seldom Hurt You

Be The Beatles Not The Flock Of Seagulls John Greathouse’s Bio ConTraps Part 2 ConTrap Part 3 ConTrap part 4 Startup Children Pt 2 Startup Children Pt 5 Startup Children Pt 3 Startup Children Pt 4 Decision Making 101 Talks: Jason Nazar on how to Persuade Kawaksaki Interview Upcoming Mark Cuban Post Hands-on Techniques For Hiring Entrepreneurs Mark Zuckerberg Goes Both Ways Bank Robber or ATM Operator Page. John is a CPA and holds an M.B.A.

Lean Business Planning with Tim Berry [VIDEO]

Up and Running

When do we hire that new person? You don’t need a CPA. There is the one page business plan, strategic plan, operations plan, all of that. We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning.

Lean 101

Why Leave A Six Figure Corporate Job For Internet Entrepreneurship? by Yaro Starak

Professionally, I am a Certified Public Accountant (CPA), may also be called a Chartered Accountant (CA) on your side of the globe, a Finance Charter-holder and a Certified Financial Planner. Because investing in real property doesn’t demand too much out of your pocket, you can utilize your cash in several investments and amplify your cash flow, the money left from rent payments collected after subtracting your mortgage, taxes, association fees, insurance and all other operating expenses.