Reduce business checking fees

Posted Leave a commentPosted in Accounting, bookkeeping, Small Business

Today’s banking services are less expensive in the past but banks’ revenues are actually greater today. Why? Banks add extra fees for add-on services that can be avoided but only with proper management oversight. For example, most of the nation’s bill payment processors charge a hefty fee for cancelling and replacing a lost check. Many […]

WikiDelphia.org – what’s not to love!

Posted Leave a commentPosted in Delaware, New Jersey, Pennsylvania, Small Business, Social Media

Metropolitan Philadelphia is a wonderful place thanks to the people committed to seeing it strengthen and improve. We cover parts of three states where the Delaware River flows into the Bay; a crucially important inflection point for our country’s history and its future. I’ve lived here in this Delaware Valley region from the northwestern suburbs […]

“To pay a vendor”

Posted Leave a commentPosted in Accounting, Banking, Small Business

I’d love to discuss how your business can pay bills more quickly, with better management control and at a lower overall cost. Please the chat box below or the scheduling link to make an introduction. Businesses routinely pay vendors as part of normal operations. We commonly refer to our requirement to “pay the bills”. There […]

Remote part time small business controller services

Posted Leave a commentPosted in Accounting, Small Business

I’ve been wrestling with the pricing of remote controller services for small businesses. I had, on my own, established a ‘rule of thumb’ that any business that does not spend one percent of its gross revenues on internal and external accounting will likely hit legal or financial disaster. The cost is closer to two percent […]

Five tech tools to boost small business income

Posted Leave a commentPosted in Accounting, Small Business

There are two approaches to boost the income of your small business: Increase revenue, or Decrease expenses. If your experience is like mine, there is no shortage of people willing to help you raise income. Marketing experts, business coaches, networking specialists, branding experts, and so forth. My inbox is overflowing daily from so many offers […]

Three nonnegotiable points on CPA verification letters

Posted 1 CommentPosted in Accounting, Small Business

CPAs are commonly asked to verify business information including ownership, finances and available funds. This is a useful part of business operations and often part of the bank lending process There are three simple, clear and nonnegotiable points, however, to these CPA verification letters: CPAs may verify facts, not opinions. A CPA who attempts to […]

An accounting niche opposite the AICPA trend

Posted Leave a commentPosted in Accounting, Financial Planning, Small Business, Wealth Management

An advertisement by a top-qualify national information publishing firm joined up with a prominent AICPA event to deliver an educational program designed to prepare CPA firms for imminent change. The bullet points describing the course content are: End-to-end, automated cloud-based tax preparation AI-enhanced, highly intuitive tax research A cloud-driven, Integrated Audit Approach that focuses on […]

What to do if you didn’t get a tax cut

Posted Leave a commentPosted in lawyer, Self-employed, Small Business, Tax Planning, Tax shelter, Taxes

What if you work in “any trade or business involving the performance of services in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services, brokerage services, or any trade or business where the principal asset of such trade or business is the reputation or skill of 1 or more of […]

Introduction to tax planning for professionals

Posted Leave a commentPosted in Law firm, lawyer, Self-employed, Small Business, Tax Planning

You didn’t benefit from the Tax Cuts and Jobs Act? Your business and personal income taxes are still way too high? Don’t give up. Plan a new approach to build tax free income and a secure financial future. I’ve helped dozens of business and professional clients increase the portion of their earnings that they keep […]