CPA Advice Leads to Growth

Posted by accountingweb on Jan 10 2000 145 printer friendly

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????

Voice of the Editor

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