Unapplied Credits Hiring the wrong person / firm Poor Cash Mangement Not Reconciling accounts Year End planning Assuming a CPA will break the bank Ignoring a holistic approach Short Sighted solutions Not Paying Estimates Draw, Wage, Guaranteed payments? SEP, IRA, Health Insurance? Not Tracking Mileage / home office Poor Communica- tion Improper Record Keeping Separation of duties? Math Mistakes Reimburs- able expenses Tipped Employees Improper Categoriz- ing expenses Missing Deadlines Neglecting Sales Tax Co- mingling assets PL / BS understand- ing Laziness. Not looking at prior tax returns Unapplied Credits Hiring the wrong person / firm Poor Cash Mangement Not Reconciling accounts Year End planning Assuming a CPA will break the bank Ignoring a holistic approach Short Sighted solutions Not Paying Estimates Draw, Wage, Guaranteed payments? SEP, IRA, Health Insurance? Not Tracking Mileage / home office Poor Communica- tion Improper Record Keeping Separation of duties? Math Mistakes Reimburs- able expenses Tipped Employees Improper Categoriz- ing expenses Missing Deadlines Neglecting Sales Tax Co- mingling assets PL / BS understand- ing Laziness. Not looking at prior tax returns
(Print)
Unapplied Credits
Hiring the wrong person / firm
Poor Cash Mangement
Not Reconciling accounts
Year End planning
Assuming a CPA will break the bank
Ignoring a holistic approach
Short Sighted solutions
Not Paying Estimates
Draw, Wage, Guaranteed payments?
SEP, IRA, Health Insurance?
Not Tracking Mileage / home office
Poor Communica-tion
Improper Record Keeping
Separation of duties?
Math Mistakes
Reimburs-able expenses
Tipped Employees
Improper Categoriz-ing expenses
Missing Deadlines
Neglecting Sales Tax
Co-mingling assets
PL / BS understand-ing
Laziness. Not looking at prior tax returns
