CPA Advice Leads to Growth

Stephen Gibson is an entrepreneur-in-residence at Brigham Young University, and has published a column with his reflections of simple, yet solid, advice he gained from his CPA of 26 years.

CPAs may want to review his list for a glimpse into what a few simple ideas means to him. The areas covered include:

• differences between cash and profit
  
• leasing versus buying
  
• the value of an S Corpoation
  
• multiple S Corporations
  
• spreading stock ownership among family members
  
• cash versus accrual accounting
  
• filing timely tax returns.
  

What are some of the "golden nuggets" that your clients have gleaned from you? Can you publish a "Best Of" list of ideas for your clients? Would this be a good idea? What are you waiting for????