In this recent article by Journal of Accountancy, CEO John Bly explains how LBA Haynes Strand successfully transitioned to cloud-based technology. In today's world it is necessary to be able to work remotely and have the same access as you would if you were in the office. Are you considering making the switch to the cloud? John shares three advantages our firm noticed after the transition.
Outsourced accounting is a very feasible, and often times, recommended, practice. The only problem: Some people don’t like the idea of sharing vital company information with an independent firm. There is usually a lack of trust on the organization’s end, or simply a lack of understanding of how an accounting firm can provide great value.
When LBA Haynes Strand, a North Carolina based acocunting firm, interviewed one of its top clients, the objective was to understand exactly why LBA Haynes Strand was chosen and what the client's needs were. This effort is part of a strategy to service clients through stronger relationships. The knowledge gained from such interviews has been the key to improving and progressing with each experience.
Small businesses come and go. It is difficult to build a successful small business. According to an article written in Forbes, 8 out of 10 businesses fail within the first 18 months! That's an unbelievably high rate of failure and shows that cracking the code to running a successful small business is harder than you think. So what is it about successful small business that make them successful. Surely they must share some common traits! We have found 6 common traits that all successful small businesses have.
If you are a small business owner, you probably understand the complexities of running your business. However, you may not fully understand where you are able to take advantage of business tax deductions. This is where consulting with a certified public accountant or your local accounting firm can help! Business tax deductions can help you put more money in your pocket that you can invest back in to your company as you see fit. Understanding these deductions can also help you make decisions in the future on where to spend money and how you can maximize your revenue potential.
As a CPA firm, LBA Haynes Strand works with many banks in the Charlotte, NC region. We have formed tight relationships with many bankers in the area that enable us to provide the best advice to our clients when they are searching for the best interest rates or for a bank that would properly fit their needs. It is LBA Haynes Strand's duty to our clients to not only help them when an accounting issue arises, but to be a trusted advisor on all business issues. There are many great banks in Charlotte, NC that offer top-notch services, however we have found four that are currently the best for businesses in the $1 million - $30 million range.
The Small Business Advocate Show is the world's only weekday radio talk show dedicated to small business. With over 1,000 live interviews annually, The Small Business Advocate creater and host Jim Blasingame reaches a national audience and has created one of the largest communities of small business experts.
An accounting firm that does business in the cloud? That may sound like something out of the norm and a bit wacky, but it makes a lot of sense if you think about it. Tax Accountants and Auditors need to have the ability to work remotely these days and need to have access to the same software systems, files, and tools that they have in the office. This is where the cloud comes in. CPA firms that work within a cloud computing system will be able to better serve their clients from any and all locations. Having an accounting firm by your side that is working on a cloud based system can have many advantages.
For a small business to receive a truly effective tax service, the CPA firm must be experienced, professional and well versed in accounting for small businesses. But effective tax service also requires several responsibilities performed on the company’s end. For example, if you neglect to ask specific questions or gather specific information, your CPA is not going to give you the personalized advisement you seek.