Boca Raton Tips & Faq


 

Jeffrey A Lassel is always happy to hear from you and answer any question you may have as it relates to accounting and taxes. For your convenience, I have compiled here the answers to the questions I hear the most often, as well as a few accounting tips that I hope will be of use. If the answer to your question is not listed here, or if you require any additional information, please do not hesitate to contact me.

 

I am a business owner and I have an accountant. Why do I need to understand accounting?

Accounting is as important to your business as your clients or the management of your employees. While it is not necessary for you to take an accounting course and be able to handle every single part of the accounting process, understanding the basics is an essential part of your ability to effectively run and oversee your business.

When your hired accountant comes to you with concerns or reports, you need to be able to understand where they come from and how they affect your business in order to take appropriate action. I can help you learn the basics of accounting so that you can better manage your business.

 

How much do your services cost?

The costs of our services vary greatly based on the complexity of your needs, on whether you are an individual or a large corporation, and on many other factors. You should contact me and explain the nature of your accounting needs so that I can give you a better, more accurate estimate.

 

A few accounting tips...

  • Keeping a budget is easy, but it requires dedication and attention to detail. Set yourself reminders and make sure you keep all your receipts for an accurate and effective budget.
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  • A certified bookkeeper is not an accountant. If you have your bookkeeper take care of your accounting for you, make sure he or she is also a certified accountant. If not, consider hiring someone who is, or an external accounting firm such as Jeffrey A Lassel CPA.
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  • A little goes a long way. You do not need to invest your life savings to see a profit. With the right advice and expertise, you can safely invest a modest amount of money and see positive results down the line.
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  • Know what you want. Aggressive or risky investment isn't for everyone, and while the payoff may be appealing, the risk of losing your money is greater than with other type of investments.

 

Identity Theft concerns

In recent years there has been a substantial increase in the number of taxpayers that have become victims identity theft and fraudulently filed tax returns. The Internal Revenue Service is very aware of the problems and is taking many steps to combat the issue. They now have a section on their website devoted solely to identity theft. If you are a victim of tax fraud identity theft, check out the link listed below for more information.

Here are some tips to help you minimize the chance of becoming a victim:

  • Don't carry your Social Security card or any documents with your Social Security Number on it.
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  • Don't give a business your Social Security Number just because they ask. Give it only when required.
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  • Protect your financial information.
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  • Check your credit report every twelve months.
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  • Secure personal information in your home.
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  • Protect your personal computers by using firewall, anti-spam/virus software, update security patches, and change password for internet accounts.
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  • Don't give personal information over the phone, through the mail or on the internet unless you have initiated the contact or you are sure you know who you are dealing with.

 

 

Links

www.irs.gov
www.irs.gov/formspubs/index.html?portlet=103
www.irs.gov/privacy/article/0,,id=186436,00.html?portlet=111
www.dor.myflorida.com/dor/
www.ssa.gov/
www.aicpa.org
www.ficpa.org