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Articles, Webinars, Q&A Forum on Accounting & Tax Available for Small Businesses & Individuals

10/13/09 6:11 PM
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Accountants CPA Hartford: William Brighenti, Certified Public Accountant, Offers Accounting And Tax Assistance To Small Businesses And Individuals During Difficult Economic Times

A collection of articles, series of webinars, and question-and-answer forum on accounting, tax, Quickbooks, starting a business, business plans, obtaining financing, and other small business topics will become available on Accountants CPA Hartford's website in an effort to assist small businesses and individuals during these difficult economic times. William Brighenti, CPA, explained: "We all need to help one another. If your business fails today, mine could be next tomorrow."

Accountants CPA Hartford: William Brighenti, Certified Public Accountant, Certified Business Valuation Analyst, and Certified QuickBooks ProAdvisor, is making available to the general public articles explaining and illustrating the preparation of various accounting and tax methods and forms. Most can be found on its website at Accountants CPA Hartford. According to William Brighenti, "although there are a number of guides and interpretations available to accountants on the market today, many of them fail to provide detailed and simplified examples of the implementation of the accounting and tax pronouncements. Within this website are articles explaining and illustrating in as simplest terms possible the application of some of these accounting and tax rules."

Many of the articles are dedicated to the subject of construction accounting because of Bill’s background as a construction controller and manager for nearly twenty years. In addition, there are articles on tax issues for small businesses and individuals. Some of the accounting, tax, construction and manufacturing accounting articles already available on the website include advice on the following topics:

How to file an installment agreement and a penalty abatement request with the Internal Revenue Service if you are unable to pay your taxes on time, or have been assessed material penalties from the IRS.

For small business owner paying substantial taxes, why they should consider setting up a Simplified Employee Pension (SEP) Plans to take advantage of material tax savings.

There are detailed instructions with illustrations on how to prepare a Work-in-Process (WIP) schedule for manufacturers and contractors.

Why manufacturers and contractors should prepare a Work-in-Process (WIP) schedule in-house, rather than leave it to outsiders to prepare.

How to hire a controller or other accounting personnel without paying a $20,000+ recruiting fee.

How to apply the Inventory Price Index Computation (IPIC) method to facilitate the use of the LIFO method of valuing inventory in order to benefit from its tax deferral.

How to value employee stock options by using the Calculated Value method as required under SFAS 123R.

A thorough analysis of the various construction tax methodologies available to contractors.

The IRS’s legal definition of a long-term contract.

How to implement the Percentage-of-Completion method of accounting.

How to implement the Completed-Contract method of accounting.

How to do a Gain/Fade Analysis, and why it is such an important analytical tool.

The use of Quickbooks as an accounting software for contractors.

Training, classes, and support available for Quickbooks users.

More articles on accounting, tax, Quickbooks, bookkeeping, payroll, Sage Master Builder, business valuations, business plans, starting a small business, etc., will be available in the upcoming months. All interested parties are encouraged to submit their questions, comments, suggestions, as well as “how to” articles that they have written via his website:  Accountants CPA Hartford. Webinars will be offered on Quickbooks, accounting, construction accounting, tax issues, and any topic in which there is sufficient interest; everyone is invited to offer suggestions. Proposed topics will be posted on the company’s website for registration, and those selected for the webinars will be based on enrollment. “A public forum is needed in this country, informing its citizenry of the language of commerce and taxation,” William Brighenti asserted. “Since accounting is that language of business, in the light of our present economic difficulties, too much is at stake not to understand its syntax, grammar, vocabulary, and methodolgy. Certified public accountants have a professional responsibility to assist anyone interested in the understanding of this very important language.”
 

 
 
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