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  1. Replies
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    Chad, Welcome to the forum! It's great to see...

    Chad,

    Welcome to the forum! It's great to see more entrepreneurs joining!

    Let me know if you ever need some Outsource CFO advise. I'd be happy to look at any of the start-ups you are...
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    Welcome to the forum, Kevin!

    Welcome to the forum, Kevin!
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    3,797

    Hi Tom! Welcome to the forum and congrats on...

    Hi Tom!

    Welcome to the forum and congrats on your business!

    Forming an LLC is always recommended, especially when you're selling/providing a service. It's relatively painless to start and (at...
  4. Tutor, I hate to say it, but poaching is...

    Tutor,

    I hate to say it, but poaching is almost inevitable at times. But there are definitely ways to minimize the risk.

    When I was first poached, I remember lamenting it to a retired...
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    Jamesrays and Freelancier, I agree with both...

    Jamesrays and Freelancier,

    I agree with both of you as I have seen that as well. This still circles back to why it's important to have an accountant/outsource cfo who can set these up correctly.
    ...
  6. Ally, As an Outsource CFO - I would recommend...

    Ally,

    As an Outsource CFO - I would recommend looking at this very very carefully.

    You are asking somebody to put in $48,000. Without knowing more - I am going to assume this doesn't have any...
  7. Hey Jail, I actually really like your idea on...

    Hey Jail,

    I actually really like your idea on the cheap food and yummy burritos. I actually wished I had that near my campus when I was in college =)

    As to your problem with connecting with a...
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    I would recommend going with a payroll company -...

    I would recommend going with a payroll company - ADP, Paycorp, Paychex, etc

    The reason being, they offer liability coverage wherein, "do it yourself" payroll software do not.

    So in the...
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    Retra, Congrats on growing your business! To...

    Retra,

    Congrats on growing your business! To answer your question, I would say that you need both - Quickbooks and a CPA to prepare your taxes.

    The reason that I say you need both is because,...
  10. Replies
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    I'm an accountant, but I am having some issues...

    I'm an accountant, but I am having some issues understanding your question. What do you mean by "lead accounting sales".

    What are you specifically needing and for internal usage - I generally...
  11. Replies
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    10,485

    Resperez, As an Outsource CFO -- this is a...

    Resperez,

    As an Outsource CFO -- this is a problem I deal with on a regular occurrence. This will be a rather long response so I apologies in advance.

    1. Work Comp being high in Georgia --...
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    Hey Dragon, Happy Holiday! Where you're...

    Hey Dragon,

    Happy Holiday! Where you're located always helps, but with this day and age in technology -- it's not all that difficult.

    Being an accountant myself, I would recommend you identify...
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    Oxmike, Generally, I don't see a lot of...

    Oxmike,

    Generally, I don't see a lot of handy-man with sales/use taxes. That only applies if you have to buy a piece of equipment and charge it to the client. But sales/use taxes vary by state, so...
  14. HTJ, Accounting has a rule on this "Matching...

    HTJ,

    Accounting has a rule on this "Matching Principle" which dictates that whatever account it came out of, it must go back to the same account.

    What Ryan is implying is used for "Income"...
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    I agree with, Evan. Good advice on the article of...

    I agree with, Evan. Good advice on the article of organization.
  16. Congrats on the business acquisition! I know your...

    Congrats on the business acquisition! I know your story all too well -- I work as a "Turnaround Accountant" in the Midwest.

    The majority of time, I see clients that are in your exact position. And...
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    I use cloud accounting for all my clients and the...

    I use cloud accounting for all my clients and the benefits are pretty nice.

    1. All my interns and workers can be attached with no additional computer costs -- everybody has a laptop nowadays
    2....
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    Turbo tax should do the trick on this one.

    Turbo tax should do the trick on this one.
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    Accounting Business Advice

    Hello Everybody,

    Sorry for being so quiet lately -- tax season hit me pretty hard.

    In any case, I had a client today ask me for a bit of clarification on the difference between the different...
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    Kymiwi, It's a pretty neat idea actually. As a...

    Kymiwi,

    It's a pretty neat idea actually. As a cigar smoker myself (and a scotch drinker), I have actually came across this before.

    One of my networking strategy is to give away free cigars to...
  21. I would have to disagree with a majority of the...

    I would have to disagree with a majority of the responses on here -- not because they're wrong, but because nobody has made the distinction between the type of accountants to hire.

    A CPA is great...
  22. Replies
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    Mister No: Congratulation on your business...

    Mister No:

    Congratulation on your business growth.

    I've been seeing a few of these over the past few months -- as I am an accountant who is in the midst of tax season. I addressed each of the...
  23. Mohit, LLCs normally are never removed unless...

    Mohit,

    LLCs normally are never removed unless a form is filed to dissolve it.

    You can simply go to the Secretary of State for your particular state and type in your business name. It will tell...
  24. Morrison, I believe the field of work you are...

    Morrison,

    I believe the field of work you are going to want to go into is known as "Consulting"

    I do the exact same thing actually, except from an accounting/financial stand point.

    I have...
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    FancyNancy, I highly suggest Intuit Online...

    FancyNancy,

    I highly suggest Intuit Online Payroll.

    And I have to professionally disagree with JC on the payroll by excel. From my experience, nothing good has ever ever came from using excel...
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