Bookkeeper, Enrolled Agent, CPA, or Attorney?
Bookkeeper, Enrolled Agent, CPA, or Attorney? By Christina Hebert, Atty., CPA. of GQ Law You’re thinking about starting a business, or you’re already in business, and now you have to decide – who do I look for to help me with my financials and taxes? The answer is – it depends. The answer on who you should hire is entirely dependent on the situation that you’re in. If you’re just starting a business – going to a CPA or an attorney or preferably both is your best option. A CPA, typically, has a well-rounded background. They have gone to school studying business and...
Read MoreDigital Transformation: Our World is Evolving, Is Your Company?
Digital Transformation: Our World is Evolving, Is Your Company? Just out of curiosity… What was the first thing you did today? You just stepped into line at the DMV, what do you do? How has your job changed over the past 10 years? Or if you haven’t been in the workforce that long, did your job even exist a decade or two in the past? And finally, last time you made a purchase for a Christmas gift, how did you decide what to buy and where to buy it? No doubt, technology has changed the way we live. We are constantly connected, always being advertised to and last year’s “ways of working”...
Read More4 Reasons to be Grateful for Independence
4 Reasons to be Grateful for Independence As we approach another 4th of July, we commemorate the adoption of the Declaration of Independence and the beginning of the United States of America as an independent nation. This is a day when we should put our differences aside and come together in gratitude for the freedoms we enjoy. Here are 4 reasons why: Freedom We have a right to freedom of speech, press, ownership, religion and economic opportunity. Respect for the common law In general, the United States is a lawful country that is conducive to a functional business climate and...
Read MoreAnalysis for Managers: The Most Important Measure
Analysis for Managers: The Most Important Measure Today’s post is to help you as a leader, manager, entrepreneur, family member and/or individual to perform perhaps the most important analysis of them all. And it begins with a question posed by management scholar and innovation strategist, Clayton Christensen: How will you measure your life? After all is said and done what is truly most important to you? What are your deepest goals and desires? When you look back, what will be your measure of personal success? No doubt, the vast majority would put family, relationships with spouses and...
Read MoreAnalysis for Managers: Financial Ratios
Analysis for Managers: Financial Ratios If I were to tell you that someone weighs 75 lbs, you might say that he/she is a very light person. But what if I told you that person was a one-year-old? You would probably either fall off your chair, drop you phone on the ground or just flat out think I was bluffing. And what if I told you that a certain company made a $1 million profit last year? Sounds like a big number, right? Does it change your perspective if I tell you that this company did $100 billion in sales last year? That’s only a 0.1% profit margin. Pretty slim in all reality. The...
Read MoreAnalysis for Managers: Cash Flow
Analysis for Managers: Cash Flow Have you ever been confused at the fact that you can sit at your desk and wonder, “How on Earth am I going to make payroll?” and yet the P&L (Profit and Loss statement) your accountant or QuickBooks just showed you says that your company is turning a healthy profit? Welcome to cash flow problems! This won’t be a completely comprehensive article on the subject but it should be enough to at least get you started or pique your interest. And for many, this will just be a quick review. Below are four key points regarding the ever important concept of...
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