Tuesday, September 29, 2009

Consult a CPA From San Antonio

Consult a CPA From San Antonio

In uncertain economic times, San Antonio small business owners may tend to reflexively hunker down and wait for better times.

Many small business owners will panic and fail -- the default rate for Small Business Administration-guaranteed loans surged to 12% last year, compared with a rate of just 2.5% in 2005.

Consult a CPA From San Antonio: Monitor cash flow – a CPA from San Antonio can review your cash flow and give advice about slow paying customers, etc., before the situation becomes critical.

Consult a CPA From San Antonio: Have a downsizing plan – a CPA from San Antonio can help you reduce expenses and work with creditors so that there are no surprises.

Consult a CPA From San Antonio: Ramp up the reporting – a CPA from San Antonio can create more timely financial reports on your business so that decisions can be more effective.

Consult a CPA From San Antonio: Failure may be an option – about half of small businesses fail within the first four years; consulting a CPA from San Antonio can help you to close down a business with your credit and finances intact.

Wednesday, September 9, 2009

Assurance for Austin Companies

Assurance for Austin Companies

Running a business is more complex the more successful the enterprise becomes. There are legal terms one must learn, and there are accounting terms that will come into play, notably the term “assurance.” Austin is a casual, low-key community; nonetheless, regulations still apply.

In accounting terms, “assurance” is a CPA’s examination of financial documents to assure their correctness or appropriateness. Assurance that Austin companies are complying with regulations can take many forms.

Assurance for Austin Companies – Federal Regulations

For example, companies with more than 100 employees are required by the Department of Labor to have an outside audit of their employee benefit plans. Assurance for Austin companies would necessitate a formal assurance review.

Assurance for Austin Companies – Attestation Engagements

Generally, assurance for Austin companies would include examining financial forecasts, financial statesments and assessing compliance with applicable laws and contractual obligations.

Assurance for Austin companies has a double meaning – who knew accountants could be so clever?

Tuesday, September 8, 2009

Tax Consulting in San Antonio VS. Numbers Guys in Hollywood

Tax Consulting in San Antonio VS. Numbers Guys in Hollywood

How did the not-that-attractive Humphrey Bogart keep getting all those great dames? He could do math in his head.
In To Have and Have Not, he got the girl in the flick and in real life; we have to assume that those guys doing tax consulting in San Antonio and/or Hollywood are wowing the dames as well.

Tax Consulting in San Antonio: Identifying a business’ tax exposure;
Numbers Guys in Hollywood: Bogart does addition AND multiplication in his head to figure his client’s tab;
Tax Consulting in San Antonio: Assists in tax compliance and filings;
Numbers Guys in Hollywood: Bogart reckons up how much money the Nazies stole from his wallet;
Tax Consulting in San Antonio: Seeking opportunities for tax credits and incentives;
Numbers Guys in Hollywood: Bogart estimates how much money he’ll need from the French Resistance guys to get Bacall on that boat.

No matter whether it’s tax consulting in San Antonio or outsmarting the Nazis in Martinique, girls love a guy who can do math in his head.