Distinctive Services

Here is part of an email I wrote this morning, and thought it was worthy of putting into a blog post. It gets to the heart of what I aim to do as a business, for my clients:

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Broadly, I want to be different than the other CPAs. Taxes and accounting are very complex, and intimidate normal folks, so when they interact with me, I want things to feel simple … just they way I want them to feel when they work with me on their accounting and taxes. I don’t want to impress them with detail, but rather how basic I can skinny down the complexity of accounting into something they understand.

All (all all all) my competitors will always try to confuse people, thinking the more they confuse their customers and clients, the more their customers and clients will need to pay my competitors to solve their problems.

I turn the table, and say I want to empower people, support them, so they can drive their own business forward. They need to be equipped by me to run their business. And they’ll feel empowered and make better decisions because they’re in it all day every day.

Gifts – Tax Consequences

Do you want to be extra-generous to employees who are doing a good job? Bonuses and gifts can be an effective motivational tool, but just be aware of all the tax consequences. Usually, the employees will face a tax bill for your generosity. Background: Unlike gifts made on a personal level, gifts from an employer […]

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2015 Mileage Rates

Beginning on January 1, 2015, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents per mile for business miles driven. For 2014, the rate is 56 cents a mile. 23 cents per mile driven for medical or moving purposes. down from 22.5 cents. 14 […]

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Solving IRS Problems – Based on Real Experience

I have a handful of clients who are working their way through significant IRS problems. It’s not easy. My main recommendation is to ‘be steadfast in your pursuit of cleaning things up.’ It takes determination, time, and patience. I just had a client who had their monthly payment stalled for 2 years. Financial hardship won the […]

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Club Gaming Rule Highlights

What Licensees Should Know About Act 90 of 2013 On November 27, 2013, Governor Corbett signed House Bill No. 1098 into law. Now known as Act 90 of 2013, the bill made numerous changes and added a new chapter to the Local Option Small Games of Chance Act (“LOSGCA) [10 P.S. § 328.101 et seq.], […]

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