Tag: Apple Guerin Company

Navigating the Sale of Your Business | CPA Baton Rouge

Posted on by ignyous
Couple with accountant sitting at table Consultant Baton Rouge

There is no doubt that starting a successful business is one of the greatest achievements a person can achieve in their lifetime. Not only have you earned a living, but you have also contributed to society in a way that was previously unimaginable. You may want to consider selling your business when it becomes successful so you can capitalize on the hard work you have put into growing your business. The process, however, is not without its own set of difficulties.

Regardless of whether or not you are considering selling your business, you will need to make sure that any bookkeeping processes you use are up to date. In order to ensure that your revenue and profit are accurately depicted, you will have to audit past financial statements. In the event that you fail to do so, your buyer may decide to back out or even accuse you of fraud. You should consult your Accountant in Baton Rouge for more detailed information on this matter.

It is wise to set aside various documents that are relevant to advertising your sale once you have audited your financial statements. Among the types of documents you might be asked to provide are income statements, balance sheets, cash flow statements, and a summary of your current clients. By having all of these documents on hand, you will be able to accurately advertise your sale. In addition, you will be able to ensure that you are putting your best foot forward at all times. Having a clear understanding of your business’s financials is very important when it comes to maintaining transparency.

Most often, an intermediary is recommended to assist in the sale of a business. In order to reduce unwanted bargaining, it is important that both parties act fairly. Following the selection of this intermediary, you will work with them to determine the value of your business and reach an agreement that meets your needs. When dealing with these intermediaries, you will often find that they will press you harder for the documentation you provide in order to ensure that every client is treated fairly. If you feel uncomfortable about this process or are unsure of how it should be conducted, you should consider the advice of an accountant. 

To learn more about the process of selling your business and the financial aspects involved, please contact us today. Our team of Baton Rouge Financial Consultants will be able to provide you with expert advice regarding the sale of your business.

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

Getting the Most Out of Your Business Expenses | AG Company

Posted on by ignyous
Woman working on balancing financials AG Company

Tax season is one of the most stressful times of the year, especially if you are dealing with specific deductions. It is critical that you keep a record of your business expenses, even if it is a tedious process. A business owner, however, can end up being audited or overpaying taxes in the event that they fall behind with their tax management.

To effectively manage these deductions, the first step is to use proper bookkeeping practices. If you are able to properly track all of your business expenses, it will be easier for you to determine which of them are tax-deductible. If you want to grow your business, you will need a strong accounting department that uses streamlined systems. Some of these strategies include using accounting software, utilizing digital receipts, utilizing specific bank accounts, and regularly reviewing the business finances.

If you are looking to utilize accounting software, you’ll need to see which options fit your business. The right software will help you automate many aspects of your bookkeeping while maintaining financial integrity. These software systems can also categorize your expenses to better understand what should be deducted. If you are struggling to find a software solution, it may be best to consult with a dedicated accounting organization. 

If you choose not to utilize dedicated accounting software, you’ll want to still digitize as much as you can. Paper records can be difficult to store and organize in a reliable manner. For any business receipt you utilize, be sure to digitize it in some way. It may also be wise to store these files on a cloud-based system to ensure there isn’t a single point of failure. If all of your receipts are stored on your home computer, you may be in trouble if disaster strikes.

At the end of the day, none of these tips will be of use if you do not regularly review your finances. Proper bookkeeping will always include regular reviews to ensure that no mistakes were made the first time around. Be sure to audit your own finances on a quarterly basis at a minimum. If you have the resources to do this even more frequently, you’ll be ready when tax season approaches.

If you are having difficulty keeping up with your business bookkeeping, you might want to consider inviting an accountant to help you before it is too late. Please contact us today for more information.

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

Certified Public Accountant | 5 Qualities Your Next Accountant Should Have

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CPA Near Me

The easiest way to gage how well your business is doing is to hire a professional accountant. However, not all accountants are the same, and you should know what you’re looking for before you trust your business to anyone. As you research your options, make sure your next accountant has these five qualities.

Informed

It may seem like a no brainer, but your accountant should be an expert in bookkeeping and accounting specific to your industry. Make sure they know the best options for your unique business and stay on top of related financial details and information. 

Organized

If you’ve tried to do your accounting yourself, you know just how quickly it can turn messy. Hire an accountant that knows how to clean up the mess and keep it that way. Not only will this allow you to reach your goals faster, but it will also help ensure your business is both efficient and compliant. 

Credible

Trust is one of the most important factors when deciding on an accountant. You are often putting your business, your finances, and your life in their hands. In this case, reputation means everything. Find out everything you can about the company and accountant before signing anything. Consider contacting professional references for testimonies.

Responsible

The devil is in the details, and one mistake could cost your business dearly. Discuss the ways that your accountant would avoid mistakes and stay familiar with your finances. You spend a lot of time familiarizing yourself with your clients, and an accountant needs to do the same with your business. 

Dedicated to You 

The top accountants understand that customer service is paramount. Your accountant should go above and beyond to help your business become successful. Our team knows this to be the case, and gives each of our clients the respect and dedication they deserve. Contact our accounting office today and see how a great accountant can help you.  

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