02 May 2010
Accountanting tips for new business
I noticed this article on Yahoo and thought it would offer some good insight to starting a new business. If you are thinking of starting a new business it is very important to consider how long it will take to start earning money. Many new businesses do not make money the first year and if a business plans on aggressive growth it can take longer. Please take the time to know what you are getting into before you do it. Taking risks can be rewarding but nothing is worse than taking the risk and having it work better than expected but run out of money. In large companies cash should be obtained at least six months before its needed. In a startup I would recommended to always be looking for credit lines.Read More CPA & Accountant...
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Requirements to become a CPA in Florida
07/May/10 02:02 PM Filed in: CPA
IRS Business Expenses
07/May/10 08:17 AM Filed in: Accountant
IRS business expense info
Business Expenses
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Business Expenses
| Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible if the business is operated to make a profit. |
Oil Slick
06/May/10 03:44 PM Filed in: Accountant
Oil Slick and accounting.
I know many Tampa Bay Business are wondering how the oil problem in the bay is going to effect the tourism in Clearwater FL. It is crucial for business to be prepared and have strategies to deal with cash flow shortages. Hurricanes and Oil spills can have a serious effect on tourism and business need to be ready to act. Setting up lines of credit with banks and always having an 8 month emergency fund available is key to surviving cash flow shortages. When doing your budgets always be prepared for a an issue that could effect tourism as Clearwater FL and Tampa Bay depend on this industry.
I know many Tampa Bay Business are wondering how the oil problem in the bay is going to effect the tourism in Clearwater FL. It is crucial for business to be prepared and have strategies to deal with cash flow shortages. Hurricanes and Oil spills can have a serious effect on tourism and business need to be ready to act. Setting up lines of credit with banks and always having an 8 month emergency fund available is key to surviving cash flow shortages. When doing your budgets always be prepared for a an issue that could effect tourism as Clearwater FL and Tampa Bay depend on this industry.
Video Tips from the IRS
06/May/10 03:41 PM Filed in: Tax Tips
Please check out the videos on the Judy Driscoll CPA website.
The IRS has posted a few videos on youtube to show things that should be done year round to make sure your taxes are up to speed.
So many business want to have all the correct paperwork at tax time but many don’t know where to find it. IRS Videos
The IRS has posted a few videos on youtube to show things that should be done year round to make sure your taxes are up to speed.
So many business want to have all the correct paperwork at tax time but many don’t know where to find it. IRS Videos
Accountants in Clearwater FL
06/May/10 03:35 PM Filed in: Accountant
I did a search today and found over 198 accountants in Clearwater FLRead More CPA & Accountant...
what is operation leverage
05/May/10 10:15 PM Filed in: Accountant
Operating Leverage
What Does Operating Leverage Mean?
A measurement of the degree to which a firm or project incurs a combination of fixed and variable costs.
1. A business that makes few sales, with each sale providing a very high gross margin, is said to be highly leveraged. A business that makes many sales, with each sale contributing a very slight margin, is said to be less leveraged. As the volume of sales in a business increases, each new sale contributes less to fixed costs and more to profitability.
2. A business that has a higher proportion of fixed costs and a lower proportion of variable costs is said to have used more operating leverage. Those businesses with lower fixed costs and higher variable costs are said to employ less operating leverage.
Investopedia explains Operating Leverage
The higher the degree of operating leverage, the greater the potential danger from forecasting risk. That is, if a relatively small error is made in forecasting sales, it can be magnified into large errors in cash flow projections. The opposite is true for businesses that are less leveraged. A business that sells millions of products a year, with each contributing slightly to paying for fixed costs, is not as dependent on each individual sale.
What Does Operating Leverage Mean?
A measurement of the degree to which a firm or project incurs a combination of fixed and variable costs.
1. A business that makes few sales, with each sale providing a very high gross margin, is said to be highly leveraged. A business that makes many sales, with each sale contributing a very slight margin, is said to be less leveraged. As the volume of sales in a business increases, each new sale contributes less to fixed costs and more to profitability.
2. A business that has a higher proportion of fixed costs and a lower proportion of variable costs is said to have used more operating leverage. Those businesses with lower fixed costs and higher variable costs are said to employ less operating leverage.
Investopedia explains Operating Leverage
The higher the degree of operating leverage, the greater the potential danger from forecasting risk. That is, if a relatively small error is made in forecasting sales, it can be magnified into large errors in cash flow projections. The opposite is true for businesses that are less leveraged. A business that sells millions of products a year, with each contributing slightly to paying for fixed costs, is not as dependent on each individual sale.
Accounting & Advertising
05/May/10 09:53 PM Filed in: Tax Tips
Advertising & Accounting
When times are tough should you cut advertising?
Lets look at a business only showing parts of numbers for simplicity.Read More CPA & Accountant...
When times are tough should you cut advertising?
Lets look at a business only showing parts of numbers for simplicity.Read More CPA & Accountant...
How to pick an Accountant
04/May/10 06:45 PM Filed in: Tax Tips
Check out the videos on the site
04/May/10 06:44 PM Filed in: Tax Tips