Today’s small business accountants should offer
more than number crunching. They need to be your
primary resource for:
-
Tax Planning
- Business Consulting
- Investments
- Personal Financial Advice & Financial Planning
- Technology Know-How & Networking.
Accountants
today are required
to possess a wide range of knowledge and skills.
What
is the difference between an Accountant &
Bookkeeper?
Simply
defined, a Bookkeepers practice involves
the systematic recording of the transactions
affecting the financial status of a business.
Those offering this type of service are
considered a bookkeeper. A bookkeeper may hold
that title without benefit of any specific
schooling or certification. Bookkeepers may
become certified through a variety of
association, but certified Bookkeepers can be
hard to find.
Accountants
usually hold a Bachelors degree and in many
cases a Masters Degree, or Ph.D. An accountant
may wish to further certify him/herself by
completing any variety of exams to prove his/her
capability. An accountant's time is best used in
Record Management, Taxation, Analysis and Consulting
in Financial
Strategies of a business including procedures to
lessen the risk of failure and fraud. It is wise
to consult an accountant once you have your
business plans in place and are ready to
implement a record management system
(bookkeeping system). An accountant can design,
implement and install a reliable system from the
beginning and help you to keep it maintained as
your business expands.
However, keep
in mind that accountants are not magicians! Most
accountants today work and function within the
letter of the law, because their job is to keep
you from falling into difficulties that could
financially harm or destroy you or your
business.
1. When you
are required to pay taxes, this means you have
made money!
2. When you are not paying taxes, this means you
have lost money!
Which do you
prefer?
Those choosing
to avoid showing all the business's earned
income soon discover that many other
difficulties arise.
1. Funding for
expansion purposes through a financial
institutions is next to impossible.
2. The risk of suffering the consequences in the
event of an audit.
3. The business losses financial creditability.
At
Peter A. Kypreos, Accountant & Associates Ltd., (PKAA)
our goal is to provide you with all the support
and guidance we can. We work closely with our
clients to enhance your success and to reduce the
tax burden of compliance, while confidentially
providing professional services.
Small businesses are subject to different forms of
taxation and it is a difficult and complex
procedure. Therefore, PKAA guides you with each
of these areas, and we will explain how to plan
and prepare for year-end taxation and record
management.
Our services are designed to meet
various accounting needs as your business grows
and we aim to remove you from the hassles of
dealing with the day to day accounting details by providing a
cost effective alternative to maintaining your own
internal accounting staff.
Although PKAA is 100% committed to a personalized
approach, providing
clients with the fundamentals (Bookkeeping,
Balance Sheet and a Statement of Income) are
only the beginning. Business owners require
concrete information supplied to them from their
accountant that is understandable, to guide them
through the development and stabilization process
of the business itself. If the business is not
monitored on a regular basis, pitfalls will in
fact arise and go unnoticed, and in most
cases, go unseen until it is too late, causing
financial disaster!
PKAA is
a little different than most accounting firms – we
work to help our clients understand the various
financial aspects of their company. We strive to
help you make better management and financial
decisions so that you can achieve your financial
goals.
PKAA
interprets financial statements into
plain-language, narrative reports that include
ratios, graphs, industry comparisons and trend
analysis. It is a great resource to get accurate
insight to the financial status of your business.
PKAA
provides our clients with a system that monitors
your personal and business affairs to help you get a solid
grip on the following:
1.
What is the company's ability to meet
obligations as they come due?
2.
Are profitability trends favorable in the company?
3.
Are sales growing and satisfactory?
4. Is
the company borrowing profitably?
5. Is
the company using gross fixed assets effectively?
6. Is
the company hiring effectively?
and much more...
If you require the services of accountants who can
truly guide you in all aspects of your personal
and/or business financial goals, we invite
you to consider our services and to experience the
difference we can make!
E-mail, fax, or phone anytime, and initial
consultation is always free of charge!
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