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????
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.