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A CPA provides input on tax structure and metrics, and assists with due diligence related to your industry. Think about your employee and ownership hats. Will one shareholder (for a corporation) or member (for an LLC) make all or most of the decisions? Protect your company’s customers, employees and intellectual property.
When we started the company, I didn’t want it to be called “Grunden & Hale” as is the standard for CPA firms because I envisioned the firm becoming much larger than just me and Adam. Summit CPA is now a company with over $5M in annual revenue and our team is fully distributed throughout the United States. And I was right.
Implement the Use of Creative Compensation Structures – Tim Teague, President of BlueSky Synergy, LLC. BlueSky Synergy, LLC provides medical staffing software to Healthcare Staffing Agencies which allows them to manage staffing workflow from candidate sourcing through client billing. and Herefish.
Many small business owners have no idea what they will owe in taxes until it’s time to pay them,” says Paul Gevertzman, CPA, a tax partner at Anchin, Block, & Anchin in New York. This is the Social Security and Medicare tax that is usually paid by an employer for a normal W-2 employee,” he says.
However, my motivation is not success or money, but rather is ensuring my employees and freelancers can enjoy their work and are proud to work for me. I also, love when my employees provide candid feedback on what we can do better. Photo Credit: Katie Thomas, CPA. Thanks to Katie Thomas, CPA, Leaders Online ! #16-
As a CPA, I think it’s important to bring awareness to taxes and accounting for small business owners. Thanks to Alexis Cartagena, Advance Accounting, LLC ! #5- 5- Promote employee engagement. I think that the key to running a leading workforce is to ensure that your employees are happy and plan to stick around.
I started Pneuma Nitric Oxide, LLC in order to take my nitric oxide technology into the skin care and beauty arena. Pneuma Nitric Oxide, LLC was established to commercialize scientifically proven nitric oxide-based technologies for use in skin care and cosmetics. Bryan, Pneuma Nitric Oxide, LLC ! #8- Photo Credit: Nathan S.
He stressed the significance of employee dishonesty insurance as a protective layer against potential embezzlement, a critical step often overlooked by many small businesses. 03:08] What is employee dishonesty insurance? [04:25] 04:25] How do you ensure employees do not feel distrusted when internal controls are implemented? [06:10]
20% of employees worry that taking a lunch break will communicate to their boss that they're not hardworking, and that's a narrative we all need to change. Think back to a time before your first customer, or before you hired your first employee, even before you launched your website. Thanks to Jaclyn Strauss, CPA, MyMacroMemoir.com !
That’s when, Stephens’ mentor and CPA introduced her to the concept of a captive. If a business owner is faced with an issue like a natural disaster, employee injury or even a lawsuit, they’ll have to cover the costs themselves out of pocket. Loss of key employee. After a booming first decade in business for Proje Inc.
Employment contracts for key employees. Set up meetings to allow your spouse to get to know your senior management, business attorney, CPA, and any other key business advisors you may have. You should maintain separate copies of: All legal business documents. All monthly, quarterly, and annual financial statements. All tax returns.
As a CPA, I think it’s important to bring awareness to taxes and accounting for small business owners. Thanks to Alexis Cartagena, Advance Accounting, LLC ! #5- 5- Promote employee engagement. I think that the key to running a leading workforce is to ensure that your employees are happy and plan to stick around.
To be successful in your own company requires a diverse knowledge that just isn’t afforded to you in the age of hyper-specialization as someone else’s employee. Thanks to Zondra Wilson, Blu Skin Care, LLC ! #9 Thanks to Kelly Barker, PREP Cosmetics LLC ! #17 Thanks to Mike Catania, PromotionCode ! #2
The whole reason I’m an entrepreneur and the reason I didn’t take private equity investment when starting my business is that I want all of my employees to own their work and determine their destinies. Thanks to Colin Smith, CPA Exam Maven ! #6- One is an employee of a company, and the other is an entrepreneur. Let me explain.
Some decisions like firing employees require boldness which is not always a walk in the park. Thanks to Lisa Christen, Christen Coaching & Consulting LLC ! #8- I used to be a CPA, but I listened to the little whisper in the back of my mind and started a business as a professional organizer. 8- Living to the critical moments.
Earlier this month I hosted Ryan Clower, a CPA from the accounting firm M. I am a CPA, down here certified in the great state of Texas and really just stoked to be here. Oftentimes, the example is, in your business you have an employee. An LLC is a state-based registration classification. I’m excited to be here.
Thanks to Linda Pophal, Strategic Communications, LLC ! #12 We threw out a few ideas, but happened to like Purple Pancakes LLC the best. So, we stole her password from her and decided to name our business Purple Pancakes LLC. Thanks to Anna Richardson, Purple Pancakes, LLC ! #18 Appleby, YogaForce LLC ! #32
We want to leave an impact on the communities we operate in and the employees on our team, so we even offer them networking and internship opportunities. Thanks to Tom Mumford, Undergrads LLC ! #5- We now are located in 14 cities, each that has a college presence and people constantly moving. 5- To teach about love and kindness.
Plus, paying yourself less means you’ll have extra funds to hire an extra employee, or invest in other growth areas. On the other hand, if the goal is to create a lifestyle business with no intention of becoming acquired, then pay yourself enough to buy that shiny sports car! - Chris Kane , Bounceboards LLC. Practice Fairness.
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