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Godwin & Associates, CPA

Accounting – Sometimes Less Is More. I was recently asked by a client to assist with setting up some accounting policies for his bookkeeper. When reviewing the client’s financials, I could immediately see why this was necessary. Here’s an example of “more:”. A chart of accounts that reads like a phone book. A balance sheet that is 4 pages long. A profit and loss that has a line item for every.single.vendor. For example, here is what I saw on my client’s chart of accounts:. Taxes – payroll. Is worth up to...

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Godwin & Associates, CPA | godwincpa.blogspot.com Reviews

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Accounting – Sometimes Less Is More. I was recently asked by a client to assist with setting up some accounting policies for his bookkeeper. When reviewing the client’s financials, I could immediately see why this was necessary. Here’s an example of “more:”. A chart of accounts that reads like a phone book. A balance sheet that is 4 pages long. A profit and loss that has a line item for every.single.vendor. For example, here is what I saw on my client’s chart of accounts:. Taxes – payroll. Is worth up to...

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Godwin & Associates, CPA | godwincpa.blogspot.com Reviews

https://godwincpa.blogspot.com

Accounting – Sometimes Less Is More. I was recently asked by a client to assist with setting up some accounting policies for his bookkeeper. When reviewing the client’s financials, I could immediately see why this was necessary. Here’s an example of “more:”. A chart of accounts that reads like a phone book. A balance sheet that is 4 pages long. A profit and loss that has a line item for every.single.vendor. For example, here is what I saw on my client’s chart of accounts:. Taxes – payroll. Is worth up to...

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godwincpa.blogspot.com

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Godwin & Associates, CPA : July 2015

http://godwincpa.blogspot.com/2015_07_01_archive.html

8220;You Don’t Know My Business”. Many a wise statement has been made by the embattled entrepreneur. Remember these? 8220;I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.” Steve Jobs. 8220;Timing, perseverance, and ten years of trying will eventually make you look like an overnight success.” Biz Stone, co-founder of Twitter. 8220;Well, you. Don’t know my. 8221; and “Your mamma! I once told a former client that he needed to rai...

2

Godwin & Associates, CPA : August 2015

http://godwincpa.blogspot.com/2015_08_01_archive.html

Accounting – Sometimes Less Is More. I was recently asked by a client to assist with setting up some accounting policies for his bookkeeper. When reviewing the client’s financials, I could immediately see why this was necessary. Here’s an example of “more:”. A chart of accounts that reads like a phone book. A balance sheet that is 4 pages long. A profit and loss that has a line item for every.single.vendor. For example, here is what I saw on my client’s chart of accounts:. Taxes – payroll. Is worth up to...

3

Godwin & Associates, CPA : June 2015

http://godwincpa.blogspot.com/2015_06_01_archive.html

Who’s the Problem? It’s Probably You. I normally write my blog posts from home on Wednesdays. But, at 10:10 am on Thursday morning after a quick meeting with my team, I realized a harsh truth. They had a few questions regarding one of our business clients’ accounting records for last month, and they had been spinning their wheels on it since yesterday. Lo and behold, I had taken notes during my last meeting with the client, but I hadn't communicated it to them. DIY Payroll…Go Buy Some Stamps. Payroll is ...

4

Godwin & Associates, CPA : February 2015

http://godwincpa.blogspot.com/2015_02_01_archive.html

Employer Retirement Plans with Income Annuities. In the private sector, employers have been moving away from traditional pensions, known as defined benefit plans. These plans, funded by employer contributions, often pay long-time employees (and usually those employees’ spouses) lifelong regular cash flow. Target date funds offer a predetermined asset allocation that gradually becomes less aggressive and more conservative, as its target date approaches. Notice 2014-66 clarifies that target date funds in e...

5

Godwin & Associates, CPA : Getting Healthy versus Staying Healthy

http://godwincpa.blogspot.com/2015/07/getting-healthy-versus-staying-healthy.html

Getting Healthy versus Staying Healthy. My wife and I started a new workout regimen. We recently decided to begin working out daily for 30 minutes. A few weeks in, and we are sticking to our goal and noticing some changes. We have more energy, we feel better, and we know in our heads that we are doing the best thing for our bodies. Then one day we noticed that they were getting really busy, and the bookkeeping was beginning to suffer. They used to close each month no later than the 6. To this day, nearly...

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godwincpa.blogspot.com

Godwin & Associates, CPA

Accounting – Sometimes Less Is More. I was recently asked by a client to assist with setting up some accounting policies for his bookkeeper. When reviewing the client’s financials, I could immediately see why this was necessary. Here’s an example of “more:”. A chart of accounts that reads like a phone book. A balance sheet that is 4 pages long. A profit and loss that has a line item for every.single.vendor. For example, here is what I saw on my client’s chart of accounts:. Taxes – payroll. Is worth up to...

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Upload Files/ Client Area. Upload Files/ Client Area. A firm designed by an entrepreneur,. For the benefit of other entrepreneurs. Running a small business is hard. We get it. Godwin and Associates, CPA is focused on small businesses and the entrepreneurs that run them. Accounting, payroll, and taxes shouldn't stop a small business from being profitable. They should inform, predict and make profitability easier. Small Business Owners, your search for a firm that understands you is over. One of the things...

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