The Hot Iron

Tuesday, April 29, 2008

Don’t Mess With The Numbers

So how was your tax season? For myself and Dunkirk Systems, LLC, it was not bad, namely because we have a certified public accountant (or CPA for those of us acronymically inclined) who is also a certified QuickBooks consultant. As a result of the guidance and consulting he has provided over the years, year end is extremely straightforward.

When I started out in business, I realized I knew my strengths, and numbers isn’t one of them. I am not completely inept at accounting, but I just didn’t want to be laboring over numbers, I wanted the numbers to be laboring over me! I sought out such a professional, found one, and it is one of the best decisions I made.

There are many ways to run your business, and many ways to not run your business. Having a firm grasp on the numbers – not just your bank balances but what you owe in taxes as well – can be one of the best indicators on how you are doing on a day-to-day basis, as well as telling the overall health of your business. We hire lawyers for legal help and we go to doctors when we are sick. A good CPA who understands your business and how you manage it financially can be a trusted partner to your success.

Posted by Mike Maddaloni on 04/29 at 04:00 AM
Business • (2) Comments • (0) Trackbacks • Permalink •

So, Mike, how did you find your CPA.  Do you open your books wide open for them?  Did they actually do your taxes, or do you still prepare them yourself?  Is there a one time consulting fee, or do you pay a flat rate periodically?  Inquiring minds want to know!

Cheers,

Peter

Comment by Don Pedro
on 04/29/08 at 08:20 AM
 

@Peter - I found my CPA thru networking, and he consults me on my business and does taxes for both and as he is a fellow entrepreneur, we have a great working relationship!

mp/m

Comment by Mike Maddaloni
on 04/29/08 at 11:12 AM
 

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