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Building A Successful CPA Practice

YoungUpstarts

Once you go through the steps to complete your education and obtain your CPA license, you can start working toward building up your business. Whether you intend to operate as a sole proprietor or wish to create a firm with several other accountants, one of the main goals should be to find and acquire loyal clients.

CPA 113
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Exploring Tax Strategies For Small Businesses: Insights Inspired By Troy Renkemeyer’s Experiences

The Startup Magazine

Navigating the complexities of tax regulations can be daunting for small business owners, yet mastering this aspect is crucial for ensuring their operations’ financial health and sustainability. While simple to establish and operate, sole proprietorships meld business and personal taxes, potentially complicating tax filings.

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4 Reasons Why You Should Have An Accounting Process In Your Business

YoungUpstarts

by Krystal Russell, CPA at LYFE Accounting. If you are not able to set this up, hire a Certified Public Accountant (CPA) to help you through the process. A CPA has the expertise to set up your accounting or books that specific for your industry which will make categorizing transactions a breeze.

CPA 100
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Cash Flow

Up and Running

Broadly speaking, businesses bring in money through sales, financing, and returns on investments—that’s cash flowing in. The other two, an income statement (also known as a profit and loss statement ) and a balance sheet , complement the cash flow statement and help you see a full picture of your business’s finances. .

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Business Valuation: Determining The Worth Of A Company

YoungUpstarts

Reasons for a business valuation run a gamut from selling the business due to retirement or health reasons to financing expansion efforts to adding shareholders to a buyout situation. Strohl, CPA and founder of Protax Consulting, a firm that offers tax services to expatriate Americans , “everyone wants to live someplace warm and beautiful.”

Valuation 162
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The Latest Questions Small Businesses Are Asking

Up and Running

A venture feasibility study analyzes an idea from several perspectives: market opportunity, competition, resources available, resource gaps, financial viability, operational issues, intellectual property rights, development timeline and technology needs. Do I need to hire a Certified Public Accountant (CPA) for my small business?

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6 “Shark Tank” Questions Every Business Owner Should Be Able To Answer

YoungUpstarts

By Richard Weinberger, PhD, CPA, CEO of the Association of Accredited Small Business Consultants and author of “ Propel Your Small Business to Success: Accelerated Actions to Maximize Profit “ If you had to stand before the shark investors in ABC’s “Shark Tank,” would you get stumped by their questions?

CPA 160