23 May 2010
Internal Auditing
29/May/10 10:28 AM Filed in: Audits
Internal auditing
is a profession and activity involved in helping organizations achieve their stated objectives. It does this by using a systematic methodology for analyzing business processes, procedures and activities with the goal of highlighting organizational problems and recommending solutions. Professionals called internal auditors are employed by organizations to perform the internal auditing activity.The scope of internal auditing within an organization is broad and may involve topics such as the efficacy of operations, the reliability of financial reporting, deterring and investigating fraud, safeguarding assets, and compliance with laws and regulations.
Internal auditing frequently involves measuring compliance with the entity's policies and procedures. However, Internal auditors are not responsible for the execution of company activities; they advise management and the Board of Directors (or similar oversight body) regarding how to better execute their responsibilities. As a result of their broad scope of involvement, internal auditors may have a variety of higher educational and professional backgrounds.
If you need an Internal Audit Please Consider Judy Driscoll CPA
Offers Audits for Doctors Offices, Dental Practices, Car Dealerships, Non-Profits, Manufacturing Companies, and other small businesses.
Oil Spill Slowing
27/May/10 07:44 PM Filed in: Audits
Oil spill appears to be slowing so hopefully damages will be less severe to Tampa Bay. Please be prepared and read Accounting Gulf Oil SPill to learn how to prepare for the Oil Spill in Tampa FL.
If you have any other questions about the oil spill and your Business please contact Judy Driscoll CPA and ask a question to be answered for Free in the Blog.
If you have any other questions about the oil spill and your Business please contact Judy Driscoll CPA and ask a question to be answered for Free in the Blog.
Audit Accoutant Tampa Bay FL
27/May/10 08:40 AM Filed in: Audits
The Tampa Bay Area, or Tampa Bay FL after the body of water it surrounds, is the second most populous metropolitan area in the State of Florida (after the South Florida metropolitan area).
The Bureau of the Census currently estimates the population for the Tampa-St. Petersburg Metropolitan Statistical Area (MSA) at 2,733,761. as of a July 1, 2008 estimate, and the Greater Tampa Bay Region contains 4 million residents when including immediately adjacent urban and suburban counties to the official MSA. The Tampa Bay Partnership and U.S. Census data showed an average annual growth of 2.47 percent, or a gain of approximately 97,000 residents per year between 2000 and 2006. The combined Greater Tampa Bay region experienced a combined growth rate of 14.8 percent, growing from 3.4 million to 3.9 million and hitting the 4 million mark on April 1, 2007 in the continuous Tampa Bay urban area. In 2008 the area's construction based boom was brought to a sudden halt by the financial crisis of 2007–2010, and by 2009 it was ranked as the fourth worst performing housing market in the United States.
Above is info on Tampa Bay FL
Judy Driscoll CPA does Audits in all the above areas. Please consider Judy for 401k Audits, Employee Benefit Plan Audits, and Financial Statement Reviews. Judy Driscoll CPA is based out of Clearwater FL and handles accounting in all of Tampa Bay FL
Please review How to Pick an Accountant before finding an Audit Accountant in Tampa
The Bureau of the Census currently estimates the population for the Tampa-St. Petersburg Metropolitan Statistical Area (MSA) at 2,733,761. as of a July 1, 2008 estimate, and the Greater Tampa Bay Region contains 4 million residents when including immediately adjacent urban and suburban counties to the official MSA. The Tampa Bay Partnership and U.S. Census data showed an average annual growth of 2.47 percent, or a gain of approximately 97,000 residents per year between 2000 and 2006. The combined Greater Tampa Bay region experienced a combined growth rate of 14.8 percent, growing from 3.4 million to 3.9 million and hitting the 4 million mark on April 1, 2007 in the continuous Tampa Bay urban area. In 2008 the area's construction based boom was brought to a sudden halt by the financial crisis of 2007–2010, and by 2009 it was ranked as the fourth worst performing housing market in the United States.
Above is info on Tampa Bay FL
Judy Driscoll CPA does Audits in all the above areas. Please consider Judy for 401k Audits, Employee Benefit Plan Audits, and Financial Statement Reviews. Judy Driscoll CPA is based out of Clearwater FL and handles accounting in all of Tampa Bay FL
Please review How to Pick an Accountant before finding an Audit Accountant in Tampa
What is a Small Business
25/May/10 07:11 PM Filed in: Accountant
Below is some information to consider if your small business in Tampa FL is really a small business or just a hobby.
Please remember to email Judy Driscoll CPA any accounting questions so they can be answered in the blog.
In order to make this determination, taxpayers should consider the following factors:
Please remember to email Judy Driscoll CPA any accounting questions so they can be answered in the blog.
In order to make this determination, taxpayers should consider the following factors:
- Does the time and effort put into the activity indicate an intention to make a profit?
- Does the taxpayer depend on income from the activity?
- If there are losses, are they due to circumstances beyond the taxpayer’s control or did they occur in the start-up phase of the business?
- Has the taxpayer changed methods of operation to improve profitability?
- Does the taxpayer or his/her advisors have the knowledge needed to carry on the activity as a successful business?
- Has the taxpayer made a profit in similar activities in the past?
- Does the activity make a profit in some years?
- Can the taxpayer expect to make a profit in the future from the appreciation of assets used in the activity?
Accounting Gulf Oil Spill
24/May/10 09:36 PM Filed in: Accountant
The Gulf Oil Spill has effected the local Tampa Bay FL economy in more ways
than one including: Less people booking vacations in the coming and future weeks, fear from small business owners from decrease in travel, and damages to the environment. The below article is going to outline ways to keep your small business safe in these tough times.Things to do keep your business a float in the oil spill.
1) Be prepared for a decrease in business from the oil spill. Have workers on notice or try to staff part time help that can be easily told to go home if changes in business occur.
2) Try to build cash reserves to allow for at least a 6 month emergency fund based on your business operating at 50% capacity.
3) Offer discounts if visitors pre-pay to help reduce cancellations.
4) Offer rebates and incentives to encourage clients to book stays in the future with the oil concerns.
5) Be ready if you are not in the tourism business for these effects to trickle down to other industries.
The Florida tourism market is a multi billion dollar business and is the life blood of the Florida economy. If you are in the restaurant business you will be directly effected but if you are in another business you will get effected as the spending slows for other industry's. When managing your cash disbursements and auditing your books please allow for extra reserves.
Banks are not lending like they used to in the Tampa Bay area so make sure you address cash flow concerns at least 6 months before you need them.
Audit Accountant CPA Call Today To Schedule a Free Consultation Judy Driscoll CPA Located at: 250 N. Belcher Road, Suite 100 Clearwater, FL 33765
Office 727-441-6829
Judy Driscoll CPA is an Audit Accountant and CPA in Clearwater FL. Judy Has been helping small business with accounting, bookkeeping, Tax Preparation since 1983. Judy Specializes in Business Audits, 401k Audits, and Financial Statement Reviews.
Gulf Oil Spill
23/May/10 08:58 PM Filed in: Off Topic
| Wednesday at 10:00pm on national geographic channel a story about the gulf oil spill is on please watch and spread the word. Everyone needs to get involved. |
Wordpress Blog added
23/May/10 02:09 PM Filed in: Accountant
| judydriscollcpa.wordpress.com this will be a good place to post comments and view the blog in wordpress. Please email questions to Judy to be answered in the blog. |