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Top CPA Pauline Ho, head accountant at Laus Consulting in Orlando, FL, recently shared in an interview how she helps her small business clients increase their profits.
For more information please visit https://lausconsult.com/
When asked to comment, Ho highlighted that many small business owners are unaware of the significant savings a professional accountant or CPA can help them achieve, as well as the ways they can assist in profit-generating activities.
For instance, Ho often advises small business owners on the legal structure of their business.
Elaborating further, she said, "As businesses grow and evolve, the initial legal structure may no longer be suitable. As an experienced CPA, I guide my clients in choosing the best legal structure for their needs."
Ho noted that while being classified as a sole proprietorship is simpler for daily operations, it doesn’t protect the small business owner from debts, losses, or liabilities.
"In other words, changing the legal structure of a business as it expands can save owners money in the long run," she added.
Another way Ho helps her small business clients is by addressing cash flow gaps.
“Small business owners often struggle with maintaining cash flow. This is understandable, as cash flow can be easily disrupted by late payments and unexpected expenses. We assist our clients by providing them with the latest tools to predict and manage cash flow crises before they occur."
When asked how tax advice fits into her strategy for increasing client profits, Ho clarified the difference between tax preparation and tax planning.
Explaining further, Ho said, “We go beyond simple tax preparation for our clients. While tax prep is a fundamental service for all small businesses, tax planning is something few take advantage of."
"Tax planning is all about strategy and making sure you take the right steps in advance. Having a consultant for tax planning can lead to lower tax rates or even the elimination of certain taxes altogether."
Source: http://RecommendedExperts.biz
Contact Info:
Name: Pauline Ho
Email: Send Email
Organization: Laus Consulting Services LLC
Address: 879 Outer Rd B, Orlando, FL 32814
Phone: 407-401-9768
Website: https://lausconsult.com
Release ID: 89140282
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