FAQs

The tax code is in a state of constant change and growing complexity.  The deck is stacked against small businesses and individuals.  Furthermore, taxes are often the second largest expense of small businesses behind payroll.  As a skilled and knowledgeable CPA who stays abreast of the latest laws and best practices, I can help you develop and implement a plan to keep more of your hard-earned dollars.

To put it bluntly, no.  Financial statements prepared according to Generally Accepted Accounting Principle’s (GAAP) are only designed to help the users of the financials determine if they are fairly presented and compare them with other financial results.  Tax returns are most often completed with one objective in mind, reducing taxes.  This leaves very little on the balance sheet and usually as little as possible in the way of income.  Either way, the issues above are just the tip of the iceberg in determining the value of a closely held business.

A business valuation starts with defining what is going to be valued, date of valuation, and why.  Next, the business interest is studied, including specific and relevant internal factors, the industry itself, and the economy at the local, regional, and national scale.  A benefit stream is developed and one or more approaches of valuation is utilized.  Approaches include asset, income, or market-based.  To these values discounts or premiums are developed and applied as appropriate.  At this point, final checks and research are performed and a determination of value is made.

A CFO can help you plan for the future, a great CFO can help you see the future. Not every business can afford or needs a full-time CFO.  I can study your business needs and help you implement best practices and stabilize ongoing operations in a wide variety of disciplines including:

1. 1. Financial statement preparation
   2. Cash Forecasting
   3. Developing budgets and related reporting
   4. Customized reporting
   5. Provide oversight and separation of duties
   6. Risk Management
   7. Human Resources
   8. Financing/ Raising Capital
   9. Negotiations
   10. Hiring and Training staff
   11. Systems selection and implementation

John isn’t your typical CPA; he has many years of business experience both in his own personal endeavors and as a financial leader in large and dynamic organizations. This helps distinguish him from the crowd because he’s been in your shoes. He’s had to negotiate with the bank, find a way to make payroll, and make tough decisions about the future. This experience helped forge his business acumen into what it is today and can be used to help you in your situation.

1. 1. Financial statement preparation
   2. Cash Forecasting
   3. Developing budgets and related reporting
   4. Customized reporting
   5. Provide oversight and separation of duties
   6. Risk Management
   7. Human Resources
   8. Financing/ Raising Capital
   9. Negotiations
   10. Hiring and Training staff
   11. Systems selection and implementation