Focus CPA

Now is a great time to review the process in which your financial statements are prepared. This time of year, many businesses are gathering their records to prepare a tax return.

Life seems to breeze by. Christmas was here and then it was gone. In the last 6 months, my backyard was overflowing with overabundant healthy green plants, then the frost killed them. In December we had snow that covered the entire yard for a while.

We take care of things that we value. You take your car to the mechanic to keep it running smoothly. You have your furnace serviced every year to insure heat during the winter.

It’s late at night I am staring at the Christmas tree thinking of that perfect gift to give. The one that will bring joy to the person I am giving it to. Is there such a thing as the perfect gift?

Tax time is just around the corner. Here are some steps you can take to minimize your personal income tax bill.

Every morning I write down 3 things I am grateful for. I recently noticed that what I take for granted does not hit that list. Once I thought about it, I was surprised by how many things I take for granted.

“Those who fail to plan, plan to fail.” For real estate investors and small business owners, this expression holds true.

I don’t watch horror movies. To begin with no one likes to sit next to me, when we are watching a movie.

As another birthday has come and gone, I am struggling with writing the next chapter of my life. I feel as if my life is recalculating and I can’t get the swirling circle to stop.

he Profit & Loss Statement is a very critical tool to assess the financial success of a business. However, for small businesses the statements are usually set up to prepare a tax return. In many cases the expenses are in alphabetical order.