The exclusive purpose for the information which is provided from this website is to disseminate information, and not to provide tax advice.
Medium and large-scale business entities have accounting departments (or functions), finance departments, and access to important financial management resources from their staff – i.e. Auditing. Additionally, almost all large businesses began many years ago as a small business. How did they make this transition and expand their business operations? Where can the business owners, who don’t have a strong financial management background, obtain this knowledge and information? Where can these resources be obtained to assist in the management of the daily business operations? What about the payroll and tax return reporting?
The solution for many of these business issues can be obtained from someone in the public accounting profession – a “Certified Public Accountant” or “CPA”. During the past almost fifty years I have personally assisted many small businesses in addressing and solving the above business “challenges”. If your CPA does not have the required knowledge or experience, he/she should have contacts in their network who can fulfill these requirements. You can access these business resources on as “As Needed” basis to minimize the costs for your business operations. (more…)