Category: Dental CPA

When it comes to tax time, having a professional CPA on your team is important to protecting your investment, and ensuring the health and longevity of your practice. Before you consider taking tax shortcuts, stop and consider the potential consequences. Here are a few of the many reasons your business should work with a professional accountant.

Accountants understand tax code. Tax code is not only complicated; it changes frequently. Interpreting and staying up to date on the current codes is a full-time job. As a business owner, you are busy enough. You likely wear a lot of hats and don’t have the time to stay abreast of shifts in tax law. Accounting software may not help you take all the deductions that you are owed. Hiring an accountant at Apple Guerin Company is a wise investment. It can offer you with extra peace of mind every April 15.

Accountants know how to get you more deductions. Everyone wants to maximize their deductions, but only a professional financial expert can get you everything to which you are legally entitled. Don’t leave money on the table and don’t overpay the government. This is exceptionally important advice for small businesses. Partner with an experienced small business accountancy firm to offer advice, analysis and help with preparing quarterly estimates.

Accountants minimize your risk. Taxes are one area in which you do not want to cut corners. One innocent mistake can unleash an audit and cause potential trouble. If you run into such a scenario, you could wind up paying far more than you would have if you worked with a professional from the beginning. If your practice is an S Corporation, penalties bleed into your personal taxes and can have damaging repercussions on your family’s finances. Working with a CPA throughout the year offers protection.

Your accountant can ensure that you have your tax-related paperwork in order year-round. Accurate documentation ensures you will receive all allowable deductions, and it will minimize errors. Don’t jeopardize your dreams by cutting corners on one of the most important tasks of every year. Work with an experienced CPA at Apple Guerin Company and allow yourself the peace of mind to protect what you’ve built.

Choosing the right accounting firm for you is critical. You want one that puts your interests first, helps you with long-term strategy, and offers analysis and advice – and you want a partner with solid knowledge and an understanding of your sector. We are that accounting firm. Call our CPA office in Baton Rouge today and learn how Apple Guerin Company can help you.

Apple Guerin Company LLC
Phone: (255) 767-1020
Url: https://appleguerin.com/
6421 Perkins Road, Bldg. A, Ste. 1B
Baton Rouge, LA 70808

Have you ever wondered how you can maximize your business’s return on services and recoup some of your capital? Our CPA provides strategies to help boost your business’s profitability.

Optimize Your Business

By reviewing your production reports and ensuring procedures are in place can help save time and money. If a service is charged incorrectly, it can increase costs over the course of a year.

If possible, adding high-dollar services to your business can greatly boost your profit. Training team members  in various services provided can also maximize your business’s profitability.

Build a Great Team

In order to recruit and hire the best possible candidates, it is worth paying above average wages to experienced people in the field. This avoids employee turnover, which can become costly. A friendly and knowledgeable team will also help with client retention rates.  

Facilities and Equipment

If possible, purchase all your office equipment, rather than leasing it. This avoids a number of issues, including higher retail costs, interest payments, hidden fees, and lease-breaking penalties. Strive to maximize your office space. If your current client volume doesn’t allow you to use all your offices, consider subletting either your primary or secondary office space.

There are a variety of ways to boost profits and cut costs while owning a business. To start, think about your services, team, and office space. Opening a business can be costly and leave many owners in debt, especially after finishing school. Contact Apple Guerin Company of accountants today for help on managing your budget and ways to maximize your return on investment.

Apple Guerin Company LLC
Phone: (255) 767-1020
Url: https://appleguerin.com/
6421 Perkins Road, Bldg. A, Ste. 1B
Baton Rouge, LA 70808

Hiring a CPA (certified public accountant) for your business not only provides greater financial transparency, but an excellent resource in making informed business decisions. If you’re considering hiring a CPA, it’s important to know what you’re looking for in a candidate. The following are important steps in helping determine the ideal CPA for you.

Determine Your Needs

Before you start looking for an accountant, determine why you need a CPA. Are you looking for help with your financial business strategy? Do you need help with bookkeeping or filing yearly and quarterly taxes? Once you determine your specific needs, you can assess which skills you should look for in a CPA.

Ask Around

Colleagues experienced in running their own businesses can be a helpful resource in providing advice on this process. Ask what traits they look for in a CPA. With their knowledge in mind, begin conducting your own research guided by your particular needs.

Here are some general questions to ask yourself when looking for a CPA:

• Do they meet my specific needs?
• Is their knowledge up-to-date? Do they use modern software?
• Are they established and reputable?
• What businesses do they currently represent?

Look for Specific Industry Experience

Many accountants spend a majority of their time working with clients in a vast number of industries and don’t necessarily have experience in your sector. If you are looking for an accountant with specific industry knowledge, contact Apple Guerin Company today. We offer a variety of accountancy services to fit everyone’s needs. We look forward to hearing from you.

Apple Guerin Company LLC
Phone: (255) 767-1020
Url: https://appleguerin.com/
6421 Perkins Road, Bldg. A, Ste. 1B
Baton Rouge, LA 70808

Let’s face it: as a business owner, you have the ultimate level of responsibility. Juggling the demands of clients, overseeing your team, and monitoring financial transactions can be overwhelming. That’s why putting safeguards and internal controls in place is vital in helping you avoid employee embezzlement. While it may be hard to imagine, employee embezzlement is more common than most realize. It is, however, preventable. Here are some tips to get you started.

Know Who You’re Hiring
It’s not enough to select a new employee based on their resume or personality. Your new hire will likely be handling confidential information, so anyone whom you consider bringing on board should undergo a professional background check. You should also request references, including contact information from previous employers. 

Learn as Much as (and More Than) Your Employees
Over time, employees may see which clients pay with cash, who writes checks, the average daily and weekly deposit amounts, and how much money comes in from outside sources. This is information you should be familiar with as well. Require that each employee log these details in your accounting software and ask your accountant to help you create a program that includes a check and balance system with daily opening and closing reports. That way, either you or your accountant can run and analyze these reports.

Delegate Shared Responsibilities
No individual in your office should control any financial process from start to finish. Make sure you establish and implement a team approach to these tasks. This will let you know who recorded which transactions and create a higher degree of accountability among your team members.

Look for Common Red Flags

You should always keep an eye out for common indicators that an employee might be stealing from the business. Pay attention if someone on your team is suddenly spending beyond their means or is overly protective or secretive of their work. Employees who keep handwritten logs or use personal notebooks, should be transparent about their record keeping.

Schedule an Outside Audit

Serious financial damage can add up quickly if you’re the victim of embezzlement.  It’s important to have a professional review your financials.  He or she will be able to monitor your employees’ work to catch errors, mistakes and indications of theft.

If you notice that the numbers in your business aren’t adding up, talk to a trusted CPA first so they can put a fool-proof process in place to work through any irregularities and get your money back in your business where it belongs. If you have any questions or would like to schedule an appointment to learn more, contact us at Apple Guerin Company today.

Apple Guerin Company LLC
Phone: (255) 767-1020
Url: https://appleguerin.com/
6421 Perkins Road, Bldg. A, Ste. 1B
Baton Rouge, LA 70808

No matter how impressive your vision for your company may be, dreams require hard work and strategic planning. Highly successful business owners learn to set goals realistically and effectively. Master the skills of effective goal setting, strategic planning, and assessment to find greater success in your business.

Set Incremental Goals

Start small when setting goals by establishing daily and weekly goals. It can be easy to let ambition take over while you dream of long-term goals. However, you cannot reach your long-term goals without smaller victories along the way. Setting smaller, incremental goals provides the opportunity for you to be in consistent control of your business. You will know if you miss a weekly goal, and you can then adjust your strategy to make sure your team can stay on track moving forward. If you are only setting quarterly or yearly goals it can come as a surprise when you miss them, or your team might be left struggling to meet them in the eleventh hour.

Make Goals Visible

You and your team need a visual reminder of what your goals are and when you plan to achieve them. Put them up on a bulletin board in the office or include them on your calendar. Write your goals in a place you look daily as a consistent reminder. We all have those back-of-the-mind thoughts or ideas that might be good if implemented, but they are frequently forgotten. Make your goals visible to you and your entire team.

Measure Your Goals

How will you know if you achieved your goal if you cannot measure it? Goals should have a measurable standard. Perhaps your goal is to see a 20% increase in your monthly new client numbers in a 6-month timeframe. By defining specific numbers and timeframes, your goals will lead to action. Abstract goals are often set and missed. When a goal is clear and measurable, you can more easily create a plan that accomplishes the goal at hand. Once you’ve set measurable goals, make sure you have a cadence for evaluating them. Will you be reviewing your progress weekly, monthly, or quarterly? This timeframe will vary based on the size of the goal and effort needed to evaluate change.

Evaluate your goal setting protocol to identify areas of opportunity. Master these skills and you will be on your way to the success you desire.

Apple Guerin Company LLC
Phone: (255) 767-1020
Url: https://appleguerin.com/
6421 Perkins Road, Bldg. A, Ste. 1B
Baton Rouge, LA 70808

Excellent leadership is a result of the utilization of many important characteristics that one can identify and strengthen. This article will address 5 traits of effective leaders within a service based business. 

Appreciative

By ensuring your employees or coworkers are acknowledged regularly and sincerely for their input, you will foster a working environment that rewards and motivates the contributions made. Appreciation can be shown in many ways, including verbal recognition (public praise), bonuses and pay increases, extra time off, gifts, meals and more. By showing appreciation, you’ll also foster respect from those around you. 

Instills Accountability

While some mistake accountability for micromanagement, the truth is that a great team will appreciate and thrive with appropriate accountability. To establish this, a leader should first set clear expectations related to workload, deadlines and communication standards. Once those expectations have been set, accountability measures should be put in place. This can be as simple as checking to ensure deadlines are met and reviewing work quality. By providing honest, critical feedback, you can help your team know exactly how to become a more valuable asset to your organization. This allows them to achieve the professional growth they likely desire. When balanced with appreciation and facilitated with respectful, kind communication, accountability can lead a team to new levels. 

Compassionate

Lead with compassion. By allowing compassion into your daily interactions with your team, you’ll understand and naturally accommodate their needs. Compassionate leaders understand the importance of work-life balance, consider benefits that matter to a team, and can allow for trusting relationships to take hold. 

Fair

In creating a fair work environment, you will establish a stronger level of trust from your team. Hold each team member accountable, no matter your relationship. In some instances, familial relationships within an organization can cause frustration among other team members, when favoritism is suspected. When setting expectations, ensure you hold all team members to the same standards in attitude and effort. 

Honest

Dishonest communication can often be found in the midst of a difficult confrontation. Imagine an employee is underperforming regularly due to their own incompetence. It may be uncomfortable for an employer to confront this difficult situation. Instead of directly and honestly discussing the needs of the business, the leader may instead try to sugar coat the feedback and soften the communication. Unfortunately, this won’t allow the employee to correct the communication or to begin looking for more appropriate employment. Long term dishonesty can lead to a dysfunctional team, ridden with incompetence. 

There are many characteristics of great leaders. These five can serve as a starting point for self-evaluation, allowing you to consider your strengths as well as your areas of opportunity. 

Apple Guerin Company LLC
Phone: (255) 767-1020
Url: https://appleguerin.com/
6421 Perkins Road, Bldg. A, Ste. 1B
Baton Rouge, LA 70808

Considering tax implications, laws and spending early can help you to properly plan for tax season. 

Annual financial reports show that many Americans overpay on their taxes by a collective one billion dollars every year. This happens when people fail to hire experts who are well-versed in available tax credits and deductions.

There are a number of deductions to consider, including:

• Charitable Expenses – Depending on the nature of your giving and documentation, you may be eligible for a deduction related to charitable contributions. 
• Job-Hunting Costs – Whether seeking employment or to recruiting employees, you may have expenses in this category worthy of consideration. 
• Lifetime Learning Credit – With proper documentation, certain programs may allow for a tax credit. 

Bigger Picture Changes

In addition to claiming credits during the actual filing process, there are a number of big-picture changes you may want to consider in the coming year.

• Choose the Right Business Structure – An experienced accountant can help analyze your business structure and advise you when deciding the structure of your company. 
• Maximize Your Medical Benefits – Any smart tax strategy includes proper management of medical benefits. For example, businesses with employees can take advantage of Medical Expense Reimbursement Plans. These allow you to write off medical bills as business expenses.
• Choosing the Right Retirement Plan – Retirement plans help ensure financial stability and living standards when you eventually retire. An experienced accountant can help you choose between a 401k, defined benefit, SEP, and more to meet your goals.

Tax season only comes once a year, but it’s something any business professional should be considering long before April. Our experienced accountants can help turn a hefty tax payment into a large return. Contact us today to see what our team can do for you.

Apple Guerin Company LLC
Phone: (255) 767-1020
Url: https://appleguerin.com/
6421 Perkins Road, Bldg. A, Ste. 1B
Baton Rouge, LA 70808

One way to introduce a new team member to the operations of your business is through 30-60-90 planning. This method uses identifiable goals and metrics to show new employees where they should be as they join your team. With 30-60-90 planning, you can successfully integrate new team members into your business and set them on the path towards personal success.

30 Days

An employee’s first thirty days on the job are essential to establishing relationships. They are also vital to making sure the new employees know what is expected of their position. Be sure to communicate with new hires to create three or more goals they can work on during their first month. Emphasize that they should focus on absorbing as much information as possible.

60 Days

After the first thirty days, your new hire should be familiar with the business’ routine. They should be able to effectively execute the things they learned during the first thirty days. New team members should adjust their focus from learning about the operations of your business to focusing on contributing to the company’s mission.

90 Days

By ninety days your new team members should be fully integrated into your business’s workflow and executing responsibilities independently. More importantly, they should be able to take the lead on projects and responsibilities themselves without any supervision. When problems arise, your new team members will be able to react and solve them while also being proactive in preventing them from happening again.

How Can You Make An Effective 30-60-90 Plan?

The best 30-60-90 plans include an extra step to look beyond numbers. You want your new employee to think critically as they settle into their new role. With that in mind, there are a number of things you can keep in mind as you create a 30-60-90 plan that will lead employees to great success.

• Emphasize the big picture – Think about why you hired this specific person for this role, whether it be to fill a need in your business or expand your team. Make sure they plan goals and metrics that reflect your overall priorities.
• Ask and answer questions – Your new hire needs a baseline understanding of the status quo in order to be effective in their new role. Encourage them to ask whatever questions they need to understand their priorities and direction.
• Be flexible – Don’t worry about if your new hire doesn’t grasp things immediately. 90 days is a significant length of time, and there is often an adjustment period. Provide constructive feedback and course correct as necessary.

With proper planning using the 30-60-90 method, you can introduce new team members to your business and provide them with a baseline knowledge that they can use to help you achieve long-term goals. Constant contributions from every member of your team are vital to making your business a success. Contact us at Apple Guerin Company today to learn more about what 30-60-90 planning can do for you.

Apple Guerin Company LLC
Phone: (255) 767-1020
Url: https://appleguerin.com/
6421 Perkins Road, Bldg. A, Ste. 1B
Baton Rouge, LA 70808