Poor Cash Mangement Short Sighted solutions Assuming a CPA will break the bank Math Mistakes Improper Record Keeping Not Reconciling accounts SEP, IRA, Health Insurance? Year End planning Draw, Wage, Guaranteed payments? Unapplied Credits Reimburs- able expenses Hiring the wrong person / firm Separation of duties Tipped Employees Poor Communica- tion Ignoring a holistic approach Neglecting Sales Tax Missing Deadlines Not Tracking Mileage / home office No Back- ups PL / BS understand- ing Improper Categoriz- ing expenses Not Paying Estimates Co- mingling assets Poor Cash Mangement Short Sighted solutions Assuming a CPA will break the bank Math Mistakes Improper Record Keeping Not Reconciling accounts SEP, IRA, Health Insurance? Year End planning Draw, Wage, Guaranteed payments? Unapplied Credits Reimburs- able expenses Hiring the wrong person / firm Separation of duties Tipped Employees Poor Communica- tion Ignoring a holistic approach Neglecting Sales Tax Missing Deadlines Not Tracking Mileage / home office No Back- ups PL / BS understand- ing Improper Categoriz- ing expenses Not Paying Estimates Co- mingling assets
(Print)
Poor Cash Mangement
Short Sighted solutions
Assuming a CPA will break the bank
Math Mistakes
Improper Record Keeping
Not Reconciling accounts
SEP, IRA, Health Insurance?
Year End planning
Draw, Wage, Guaranteed payments?
Unapplied Credits
Reimburs-able expenses
Hiring the wrong person / firm
Separation of duties
Tipped Employees
Poor Communica-tion
Ignoring a holistic approach
Neglecting Sales Tax
Missing Deadlines
Not Tracking Mileage / home office
No Back-ups
PL / BS understand-ing
Improper Categoriz-ing expenses
Not Paying Estimates
Co-mingling assets
