I'm a Las Vegas CPA who just came out of a meeting with a bunch of students. They were down at a recruiting visit down in Southern Utah. And one of the things we told them when they're looking for an employer is to "find your fit". And that is an absolutely important tip I can give to any business owner as well: When you're looking for an advisor - your attorney, your insurance agent, your Las Vegas CPA - these are people you're going to have to trust an awful lot with the personal details of your life and with the success of your business in some case, and so you need to take the time to interview people and see whether you relate to them, and whether it's somebody that you can trust, someone you can get on the phone and talk to, and someone who shares your values.
Maybe they have a similar appetite for risk. You may not be as cutting edge as your CPA wants to be on taxes, and that may make you uncomfortable. Or, your CPA may be more conservative than you want to be. So it's very important that you spend the time on this relationship at the front, because it's much easier to spend it then, than to change CPAs every 2 or 3 years. So, "find your fit" when choosing a Las Vegas CPA.
I want to take a minute to talk about Las Vegas accounting services that you receive from your CPA. Las Vegas CPAs often provide what we call "compliance services" such as: financial statements that are required for banks or other lending institutions, or tax returns which, of course, our government requires. But the accounting services that really mean the most to clients are those that aren't required, but that really add value to you and your life. Those services we call "value-added services".
And so when you're looking for a CPA and trying to decide how you're going to employ someone to do those things that have to be done (those compliance services) also find out from them if they have an interest in, or a history of, providing these "value-added services". These accounting services include: helping you plan for retirement, helping you look for ways out of your business, exit strategies, succession planning, those kinds of things, as well as how to take the money that you make in your business, in your life and retain it so that you can live the life that you like through your retirement years.
The important thing is to make sure that your accountant is offering you the services that are most important to you life. Keep this in mind the next time you meet with your CPA to discuss possible Las Vegas accounting services.
One of the biggest concerns that we have with our Las Vegas business consulting clients is, "How do I succession plan for my business?". In other words, 'How does the business owner build his business, grow it to a substantial size, and either have his children take over the business, have key employees take over the business, or just sell it to a third party?'. Business consulting in Las Vegas in an important first step, because typically it takes from 5 - 10 years to be able to transition the management, the style, and the culture that you developed in your business, as well as to make sure that the next generation wants to participate in the business in that way, or that there are key employees that have been trained and nurtured to operate the business and that they have been given sufficient control prior to you wanting to retire or transition out of the business completely.
Often times in Las Vegas it does take the management and the owner a few years where they may work closely with that replacement party (whether it by a child, or an employee, or even a third party). So they may have an employment contract for 2 or 3 years subsequent to the actual sale of the business. A successful business consulting plan is important because it provides for the continuing of the business, it allows the employees to feel secure and safe - that they have a job that will last for many many years, and it also allows the owner to feel good about the methods that he has used in preparing his business to meet the demands of the future.
Maybe they have a similar appetite for risk. You may not be as cutting edge as your CPA wants to be on taxes, and that may make you uncomfortable. Or, your CPA may be more conservative than you want to be. So it's very important that you spend the time on this relationship at the front, because it's much easier to spend it then, than to change CPAs every 2 or 3 years. So, "find your fit" when choosing a Las Vegas CPA.
I want to take a minute to talk about Las Vegas accounting services that you receive from your CPA. Las Vegas CPAs often provide what we call "compliance services" such as: financial statements that are required for banks or other lending institutions, or tax returns which, of course, our government requires. But the accounting services that really mean the most to clients are those that aren't required, but that really add value to you and your life. Those services we call "value-added services".
And so when you're looking for a CPA and trying to decide how you're going to employ someone to do those things that have to be done (those compliance services) also find out from them if they have an interest in, or a history of, providing these "value-added services". These accounting services include: helping you plan for retirement, helping you look for ways out of your business, exit strategies, succession planning, those kinds of things, as well as how to take the money that you make in your business, in your life and retain it so that you can live the life that you like through your retirement years.
The important thing is to make sure that your accountant is offering you the services that are most important to you life. Keep this in mind the next time you meet with your CPA to discuss possible Las Vegas accounting services.
One of the biggest concerns that we have with our Las Vegas business consulting clients is, "How do I succession plan for my business?". In other words, 'How does the business owner build his business, grow it to a substantial size, and either have his children take over the business, have key employees take over the business, or just sell it to a third party?'. Business consulting in Las Vegas in an important first step, because typically it takes from 5 - 10 years to be able to transition the management, the style, and the culture that you developed in your business, as well as to make sure that the next generation wants to participate in the business in that way, or that there are key employees that have been trained and nurtured to operate the business and that they have been given sufficient control prior to you wanting to retire or transition out of the business completely.
Often times in Las Vegas it does take the management and the owner a few years where they may work closely with that replacement party (whether it by a child, or an employee, or even a third party). So they may have an employment contract for 2 or 3 years subsequent to the actual sale of the business. A successful business consulting plan is important because it provides for the continuing of the business, it allows the employees to feel secure and safe - that they have a job that will last for many many years, and it also allows the owner to feel good about the methods that he has used in preparing his business to meet the demands of the future.