tag:blogger.com,1999:blog-40577464902999076252024-03-19T02:10:31.414-07:00Vjnassociates - Business Growth BlogAnonymoushttp://www.blogger.com/profile/13279378463382574909noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4057746490299907625.post-19644584135405228772014-12-12T00:16:00.000-08:002014-12-12T00:16:48.889-08:00What are the Functions of an Accounting Firm?<div style="text-align: justify;">
If you're running a small to medium sized business, you should consider seeking advice from an accounting firm regarding your financial challenges or dilemmas. Do you know the functions of an accounting firm? If not, don't worry, we'll got you covered. Read on to know it.</div>
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKJZXjGnI5iZuFohsgl7i3fwh3W5wiOFqTRDmU9pM_NJg9iU2ouTBI_IWpmRBgcK582tTy_aQ_VrwFQtRTTQhR9-uBU9_5_5P233ZDz61Jm1UUYLJwjGf7PJtSSHF8xHvXKxEUCfQomg/s1600/account.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="Accounting" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKJZXjGnI5iZuFohsgl7i3fwh3W5wiOFqTRDmU9pM_NJg9iU2ouTBI_IWpmRBgcK582tTy_aQ_VrwFQtRTTQhR9-uBU9_5_5P233ZDz61Jm1UUYLJwjGf7PJtSSHF8xHvXKxEUCfQomg/s1600/account.png" height="213" title="Accounting" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Photo Credit: commonwealthoftenation(dot)com</td></tr>
</tbody></table>
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<div style="text-align: justify;">
<b>Functions of an Accounting Firm</b></div>
<a name='more'></a><br />
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1. Tax preparation for business</div>
<div style="text-align: justify;">
2. Tax preparation for individual</div>
<div style="text-align: justify;">
3. Tax advisors and tax planning</div>
<div style="text-align: justify;">
4. <a href="http://vjnassociatesllc.blogspot.com/2014/01/should-you-invest-in-accounting-expert.html" target="_blank">Accounting Services</a></div>
<div style="text-align: justify;">
5. Incorporation Service</div>
<div style="text-align: justify;">
6. Business Growth Program</div>
<div style="text-align: justify;">
7. Audit/Review/Compilation</div>
<div style="text-align: justify;">
8. Part-time CFO services</div>
<div style="text-align: justify;">
9. Bank Finance Assistance</div>
<div style="text-align: justify;">
10. Cash flow projection</div>
<div style="text-align: justify;">
11. Business plan preparation</div>
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<br /></div>
<div style="text-align: justify;">
Accounting firms also help businesses weather challenges that comes with business growth.</div>
Anonymoushttp://www.blogger.com/profile/13279378463382574909noreply@blogger.com1tag:blogger.com,1999:blog-4057746490299907625.post-78982265840449690852014-01-30T23:48:00.001-08:002014-01-30T23:48:07.566-08:00Should You Invest In An Accounting Expert?<div class="separator" style="clear: both; text-align: center;">
<img alt="Expert Accountant" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNatz3aW0uR1lCHuqeAPloSI1S1PYVsJq5CdowlucsOIMercDOCXAKcPD1A5qkz0BbiwTtQpmy2o5uqlSmJ-As5c3-vvIYZX9KOQNOOK3B-KImBg_OeuLTDXhUUMHMf5IwZIhki0SOtw/s1600/accountant.jpg" height="383" title="Expert Accountant" width="500" /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;"><br /></span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;"><br /></span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">Having
your own business is no walk in the park. Even if it's just a small
shop or a local corner stand, you are basically your own CEO, HR
department, and finance sector all rolled into one. On top of your
enterprise, the average small business owner needs to divide his time
for his family, friends, and himself. </span></span>
</div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">Considering
these things, it's no wonder that one of the most overlooked aspects
of a company is its <i>accounting</i> section. It's undoubtedly
daunting for anyone, especially those new to the business world, to
balance books and record all those fiscal transactions. Aside from
numbers, you would need to make sense of all those numbers. And what
about tax season?</span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
</div>
<a name='more'></a><b style="font-family: Verdana, sans-serif; font-size: small; text-align: justify;">The
Argument</b><br />
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">Even
with so many obstacles going against the common small business owner,
the main reason he doesn't want to (or refuses to) <a href="http://sbinformation.about.com/od/taxaccounting/a/do-i-need-an-accountant.htm" rel="nofollow" target="_blank">hire a CPA or professional accountant</a> is because he wants to <i>cut costs</i>. It's
no surprise seeing as that's one of an entrepreneur's objectives. Of
course, saving money and keeping expenses low should be on every
SME's mind. </span></span>
</div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">However,
many SME's have no accounting background or even basic knowledge
about financial management. In the long run, this is going to hurt
the company and its future. Yes, it's possible to do accounting on
your own – in fact, experts recommend it so that you can have real
hands-on experience about it. But nothing beats expertise achieved
through years of hard work and intense training.</span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;"><b>When
You Need It</b></span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">There
are three stages during your business cycle wherein you might require
the services of accounting experts:</span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<ul>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;"><i>During
the start-up phase</i></span></span></div>
</li>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;"><i>Regular
operations</i></span></span></div>
</li>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;"><i>For
growth stages</i></span></span></div>
</li>
</ul>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">If
you feel that you really need to cut corners, you may employ an
accountant only at ONE point in the business cycle. For example: you
can get a CPA during the early years of your enterprise; but then
decide to stop the services once your venture has gained solid
footing. Many companies like taking advantage of an accountant's
expertise mostly during their business' growth years.</span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;"><b>Ask
Yourself</b></span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">As
mentioned, not everyone will need finance experts. For those that
think they do, here are some helpful questions to ask yourself.
Remember to be honest; keep in mind that your answers will <a href="http://vjnassociatesllc.blogspot.com/2014/01/should-you-be-worried-if-youre-not-in.html" target="_blank">impact your business today and tomorrow</a>:</span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<ul>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">Do
you have a finance or accounting background? If not, are you willing
to invest time and money in learning those subjects?</span></span></div>
</li>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">How
prepared are you to wisely divide your time among all your
commitments once you're the one doing all your accounting?</span></span></div>
</li>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">Are
you aware of the prevailing tax and accounting laws in your state?</span></span></div>
</li>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">Would
you be able to keep track of all financial transactions throughout
an average day?</span></span></div>
</li>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">Are
you prepared to handle payroll?</span></span></div>
</li>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">Do
you know how, when, and to whom to file your taxes to?</span></span></div>
</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<img alt="Accounting Partner" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiX0T13-aVO7124vSJVqqZ7jKXI7oknSS1o8Y2sQxPtA1AUd2blf6zxeRKgBrwz9zgVqgl-AMBSqDgAdr36AAtKHx4MloGpH1mE5o7H2201G0QKivmSCKcqe2Z8XS1e_MUlyQn8h_4-rg/s1600/Accounting+Expert.jpg" title="Accounting Partner" /></div>
<div>
<span style="font-family: Verdana, sans-serif; font-size: x-small;"><br /></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;">If
you're still uncertain on whether or not to get expert advice, seek
out accounting firms that offer free online or over-the-phone
consultations. Set up a meeting and discuss what you want for your
business as well as any future plans. The single best thing you can
do for yourself and your company is to let it flourish into its
maximum potential.</span></span></div>
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<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
Anonymoushttp://www.blogger.com/profile/13279378463382574909noreply@blogger.com0tag:blogger.com,1999:blog-4057746490299907625.post-2360498222190530872014-01-09T23:02:00.002-08:002014-01-09T23:02:59.445-08:00Should You Be Worried If You're Not In the Cloud?<div class="separator" style="clear: both; text-align: center;">
<img alt="Cloud Accounting" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHKoUEZvMcbcLaC-cT-OcM95mNPwnlEWnyG45lddOQdQ3JTNgCj9L2aSkidg5vHvo-wEDN5PTkNhAOASI5AiL0rdkI4PFwXy-6kzLVWB770hXOaREHSJck0ebz00jpCfFrHLOB8DRo2w/s1600/Cloud+Computing.jpg" title="Cloud Accounting" /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;"><br /></span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;"><br /></span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;">One
of the big things to hit the accounting industry this year is <i>cloud
accounting</i>. A good number of accounting companies, like
<b><a href="http://www.vjnassociates.com/">VJNassociates</a></b>, as well as freelance CPA's are already 'in the
cloud' with their clients conducting business. While this is
definitely an advancement in the world of numbers, a few are still
quite skeptical about making the switch. </span></span>
</div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;">This
big question for 2014 now is:<i> should they be worried if they're
not yet in the cloud?</i></span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
</div>
<a name='more'></a><b style="font-family: Verdana, sans-serif; font-size: small; text-align: justify;">Cloud
Accounting Benefits</b><br />
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;">Since
it's deployment in the market, it has certainly gained positive
feedback over the years – creating quite a buzz by 2013. According
to a research done by a
leading information services company, those who have not yet made the
switch to this accounting method have high intentions of doing so
before the year is over. Here's why:</span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<ul>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;"><i>Cloud
accounting is nonrestrictive.</i> It lets both business owners and
accountants anywhere across the country (or internationally even) to
connect with one another. No longer would people feel the need to be
tied up to a particular service they are not happy with, because
they have countless of other options.</span></span></div>
</li>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;"><i>No
need for maintenance</i> when it comes to servers or hardware. Data
can be accessed anywhere, at anytime, as long as there is an
Internet connection.</span></span></div>
</li>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;"><i>Cloud
accounting is highly flexible</i>. Accountants can easily adapt to
changes in their clients.</span></span></div>
</li>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;"><a href="http://vjnassociatesllc.blogspot.com/2013/12/the-basics-of-auditing-for-business.html">Auditing is made easy</a> because simple content such as tax tables are
automatically completed on a cloud system. </span></span>
</div>
</li>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;"><i>Accountants
become highly invaluable</i> because there is real-time
communication with clients. They can quickly process new information
as well as give immediate feedback. </span></span>
</div>
</li>
<li><div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;"><i>The
variety of cloud accounting features</i> enable accountants and
business owners choose the right one for them and their needs. </span></span>
</div>
</li>
</ul>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;"><b>Why
Others Are Still Stuck</b></span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;">There
could be a variety of reasons as to why some enterprises and
accountants have not made the switch; however, current statistics
show they are pressured. The earlier study showed that about
two-thirds of business owners (small and medium enterprises or <i>SME's</i>)
are likely to abandon their current accountants unless they embrace
cloud technology. It's obvious that CPA's are worried; but others are
not.</span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;">Some
don't see the need to make changes to their current accounting
methods simply because it works fine. It's true that switching from
one platform to another can be time-consuming as well as eat up other
resources (although cloud accounting is more affordable in the long
run compared to desktop-based software). But having real and easy
communication with an accountant can be one the most important
investments a business owner can make.</span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;">The
study also presented that a large number of SME's, roughly 82% of the
respondents, said their accountant was their most trusted third party
adviser. This makes CPA's higher in the hearts of businessmen; even
more ahead that their financial adviser, lawyer, and business
partner. It's possible that not switching to a cloud-based software
could break an accountant's standing in the competitive industry.</span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;"><b>Beyond
The Clouds</b></span></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<img alt="Cloud Computing" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisjDOrC2L69PPcPfzHz-5YSbHe_EE1KspQk18FFbRJ4RyybZwI_IVd_y9xJ5-o5PYQXj1I89YMADUBT_iBk_uNRDMZL6h9749n8HZi4PBbA6yo4Lz6gKnOJwbwKe_W8tI51C7wFTEGpA/s1600/Cloud+Accounting.jpg" title="Cloud Computing" /></div>
<br />
<br />
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><span style="font-size: small;">More
than joining the technological bandwagon, accountants these days
should be versatile enough to handle both the <i>financial</i> and
<i>management</i> aspects of their clients' companies. <a href="http://www.cchifirm.com/why_ifirm/cloud-computing-and-the-accounting-industry" rel="nofollow" target="_blank">Cloud computing</a><span id="goog_999912921"></span><span id="goog_999912922"></span><a href="https://www.blogger.com/"></a> is only the beginning – but the real challenge is
going above and beyond expectations. </span></span> </div>
Anonymoushttp://www.blogger.com/profile/13279378463382574909noreply@blogger.com0tag:blogger.com,1999:blog-4057746490299907625.post-88484969359871803542013-12-20T22:32:00.000-08:002013-12-20T22:32:18.133-08:00The Basics of Auditing for Business Owners<div class="separator" style="clear: both; text-align: center;">
<img alt="Basics Of Auditing" border="0" height="380" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpJHXQFWEXp-uT9T-VrVk22U4mny2S2X8RSJYFTBoecnmCEVlpXowQys-43JolWgvB633KJUPScSjfwLYJvses3XZrfFGuFZRFwaQozf5xeXViIikDaX8RyYA6kRDtD8RuhD5uJ7yd6Q/s640/1.jpg" title="Basics Of Auditing" width="540" /></div>
<div class="separator" style="clear: both; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">When
people hear of accounting, one of the first things they think about
is an audit. While auditing is an essential part of business, not
every company would need to have one. <i>Auditing</i> is done by an
auditor, who is a person qualified to make assessments whether or not
a company's financial statements are free of errors.</span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br />
<a name='more'></a><br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><b>What
Is In an Audit?</b></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">An
audit is basically an unbiased study and evaluation of the financial
statements of an organization or business entity. It can be made
internally (by employees or in-house auditors), or externally (by a
third party accounting firm). The IRS
(<i>Internal Revenue Service</i>), a government agency responsible
for tax collection and enforcement, also performs their own audit for
establishments to ensure that everything is true and accurate. </span>
</div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">Audits
can be done annually or when required by law. There are are also
cases wherein shareholders of a corporation or business would request
for it. Small private firms normally don't need an audit. These
companies typically do not exceed 50 employees and have gross assets
not more than $12 million. In general, audits are done on public
companies <i>only</i>
– unless a private organization is deemed 'large' enough to undergo
it as well.</span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<img alt="Understanding Audit" border="0" height="265" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjDjp1Hp1JtTruMP4qdcn_xkBH9hLGqNE0aJIN-wAppXmQvB475Vj8z8zb3JBqcJyCB0VdYg2NF9CbPevCBj-lZhJCWy0y89eSta7doKgknjeaJHAWQGRbRME7dxD-p1ogWcIWj8h_FVA/s400/audit.jpg" title="Understanding Audit" width="400" /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><br /></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;"><b>What
Is an Auditor Looking For?</b></span></div>
<div style="margin-bottom: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: 0in; text-align: justify;">
<span style="font-family: Verdana, sans-serif;">He
cannot make the right judgment if there are missing documents; so
first and foremost, a company needs to have complete paperwork of
every sale or loss that they have incurred during the past year(s).
An auditor is mainly looking for two things: <i>accuracy</i>
and <i>reliability</i>.
Documents and records must be an accurate representation of what
really took place, and all he needs to do is interpret them based on
generally accepted accounting principles (GAAP).</span></div>
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<span style="font-family: Verdana, sans-serif;">All
paperwork must also contain vital dates and figures. He would also
like to believe that everything stated on the records are genuine. So
if his client has reported a sale of $5,000; it should hold true (and
not a lesser amount just because the company wants to avoid paying a
bigger tax). Other things he would check for is the list of assets
and liabilities owned by the corporation prior to the audit date.
Examples of assets can be <i>vehicles,
machinery</i>, and <i>real
estate</i>. Liabilities
would include <i>debt</i>
and <i>account payables</i>.</span></div>
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<span style="font-family: Verdana, sans-serif;"><b>Where
to Get an Auditor</b></span></div>
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<span style="font-family: Verdana, sans-serif;">Hiring
an experienced auditor is the first step towards fulfilling tax
obligations. There are plenty of accounting firms offering various
auditing services tailored to specific industries. Various businesses
would require different auditing approaches; what is needed in an
automotive audit for instance, is not necessary for an audit in the
entertainment sector. </span>
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<span style="font-family: Verdana, sans-serif;">Getting
an audit is particularly stressful; so preparing ahead of time is
crucial. Get referrals for an auditor through fellow entrepreneurs in
the same field. Bankers and lawyers also have great networks of
financial experts. Before hiring, ask plenty of questions and check
for experience. A good auditor must have had prior auditing done with
several clients. By getting a highly-skilled auditor, the process
will not only be cost-effective, it can also be done in a timely
manner for everyone involved. </span>
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