Phoenix Arizona CPA | Arizona Tax Accountant | Arizona Income Tax

Are you tired of not making any money? Then, now is a good time to fire your accountant and find a better one.

Thirteen years ago Hot Rod and I went shopping for an accountant.  Hot Rod’s buddy and partner Richard Yox had just died.  Yox had always done the books and filed the tax returns.

Yox took an aggressive approach to the IRS.  He was cross-hair-focused on making sure that Uncle Sam didn’t get one extra penny from Hot Rod & Yox Plumbing and Heating.  They got audited once in 1981.  The IRS wrote HR&Y a check for $11.  Since then we’ve never been audited.  I’m crossing my fingers and knocking on wood that I don’t ever have to go through an audit.  I suspect, however, that after dealing with Yox, the auditor stamped “DON’T GO THERE” on our file. Read the rest of this entry »

Discounting of Revenues and Expenses

Business valuation involves the study of many aspects of a business, including anticipated revenues and expenses. Because cash flows extend over time, a discounted cash flow (DCF) model can be a helpful tool.  A discounted cash flow analysis for a business valuation requires the analyst to consider two components: (i) a projection of ongoing revenues and expenses of the foreseeable future; and, (ii) a determination of the discount rate to be used. Read the rest of this entry »

With the start of any new business, the matter of accounting will go hand in hand with success. While there are some small businesses that can get away without having an actual CPA on hand, it is critical to know at least a little about balancing the books before getting into the business arena. Far too many businesses can find themselves in the red without knowing it if they do not have a firm grasp on where the money is going, and how much of it is coming in. This includes making sure the books are balanced, keeping a close eye on accounts receivable and accounts payable, and making sure payroll is where it should be. With that in mind, let’s take a look at what the small businessman needs to know about accounting before venturing forth with his or her business. Read the rest of this entry »

Strategy and accounting: could two words taken together produce more yawns from business managers?

Accountancy has long labored under the arcane “bean counter” image. Accountants are seen simply as bearers of financial news – and frequently not always good news. Psychology also plays a part – accounting departments are seen as control oriented rather than ones that are looking for growth opportunities. And accountants are often too inwards-focused: concerned simply with this company’s numbers and not enough on comparing the numbers with the competition’s. Read the rest of this entry »

Do you find accounting the toughest job to handle of all the aspects of your business? Searching for help is the best way to lighten your burden.  By bookkeeping help, you can shed-off the excess workload on the bookkeeping firm as they will manage and record your accounting and financial activities. The main advantage of the bookkeeping help is that the maintenance of accounts is carried out without any tensions or worries. Whether you are in a new business or established one, you have to be busy in handling and studying your company accounts even when you are not willing to do so. This is really irritating to do the unwanted work when you can better utilize your time in making new plans and strategies for the growth of your company. Read the rest of this entry »

Money market is at boom these days and according to market experts it is the best time to step in to a new business.  People who are willing to be a part of this huge money market by establishing their business are moving ahead as there are brighter future prospects. Starting with a small business is a sensible decision as risk factor is less effective here. The crucial factor that plays vital role in rapid growth of business is its accounting section. Well organized small business accounting tasks can do wonders for business thus it is must to maintain the accuracy and perfection in accounting tasks. Read the rest of this entry »

The manner in which the business is handled reflects on the growth and prospects of the company. It doesn’t depend on the size of the company. So the business man should hire the efficient CPAs who can handle the Complex Financial problem efficiently.
The following are the Top 7 best tips to find your efficient CPAs: Read the rest of this entry »

Do you find it extremely difficult to manage the different aspects of your business single handedly? Well this is understandable, a business demands huge amount of time, money, dedication and devotion and it is not possible on the part of the business owner to take care of all these at a time. Now there are different types of professional whose services you can hire for taking care of the different types of business needs. Finance, accounting and bookkeeping is one aspect of your business that you must not neglect at any cost. If you are one of those business owners who have an excellent knowledge about the proper handling of the financial aspect of your business, you are surely a fortunate person. However this is not the case every time, so business owners must make provision to hire the services of bookkeepers to take car of this work. Read the rest of this entry »

I know you’ve heard it time and time again, in order to manage your finances you need a budget. Everybody knows this is true and still not everybody budgets, knows how budget or knows exactly where to start.

First things first, a budget is a tool it can be as simple or as complex as you want it to be but the end result is the same. It takes away the guess work, eliminates the worry and puts you in control of your money. Read the rest of this entry »