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Review Fleming, Cronmiller & Co. CPA’s

Tim — Fri, 09 Jul 2010 02:39:38 +0000

Dear Friends,

Fleming, and Cronmiller & Co., CPAs has recently embarked on an exciting and aggressive Internet marketing campaign designed by MarketingMarvel.com.

In order to maximize our marketing efforts, our marketing team has asked us to contact you and ask for your help. By providing a rating, or a review, of our services on the Internet’s top search engines you will help to make potential customers/clients aware of the goodwill we have built in our community as well as our overall client satisfaction. There are two parts to the review process:

Learn how to create an account and how to post a review for us.

MarketingMarvel.com offers tutorials on the steps necessary to post reviews for us at the following location:

http://MarketingMarvel.com/search-engine-review-tutorials/
Once you have learned the process, return to this page and follow the links found below to create an account for yourself and perform our review.

Google.com

Our business listing at Google: Click Here

Yelp.com

Our business listing at Yelp: Click Here

CitySearch.com

Our business listing at CitySearch: Click Here

Bing.com

Our business listing at Bing: Click Here

Yahoo.com

Listing still pending. No link provided today.

YellowPages.com

Our business listing at YellowPages: Click Here

SuperPages.com

Our business listing at SuperPages: Click Here

iBusinessIndex.com

Our business listing at iBusinessIndex.com: Click Here

If you are uncomfortable with the Internet or computers in general, please consider writing us a letter of recommendation instead. With your permission, we can post your thoughts on your behalf.

Should you prefer this option, please mail your letters of recommendation to:

Fleming, Cronmiller & Co., CPAs

Certified Public Accountants

23665 Birtcher Drive

Lake Forest, California 92630

Attn: Internet Marketing Review

We deeply appreciate our relationship with you and enjoy providing services for you. We look forward to our next meeting.

Thank you,

Maggie & Tim

Choosing the Right Accountant

Maggie — Fri, 11 Jun 2010 19:07:16 +0000

Accounting is an important part of any business and therefore it is well worth taking some time to think about how to go about choosing an accountant. There are several areas which must be addressed either before or during an interview in order to successfully appoint the best candidate possible for this crucial role.

Accountant Qualifications

By far the most important place to start, before even short-listing suitable candidates, is on the issue of relevant qualifications as it is absolutely essential to have a qualified accountant. As in the UK anyone can use the term ‘accountant’ regardless of whether they have any academic qualifications, it is vital to ask to see copies of certificates to verify that the individual really is properly qualified. There are two types of main accounting bodies which result in having ACCA or FCCA if an individual is a Chartered Certified Accountant or the initials ACA or FCA if the individual is a Chartered Accountant.

References in Employing an Accountant

Regardless of the position one is interviewing for, it is essential to ask for a minimum of two references and check them out. It is also certainly worth finding out from one’s contacts as to who they are able to recommend. One of the best ways to find a good, reliable accountant is to ask around as that way one is able to ensure that the individual has the necessary previous experience.

Accountant Added-Value Services

Before employing an accountant it is important to first find out whether the candidate is able to offer any added-value services should such services be required in the future. Key examples of added-value services are aspects such as managing the monthly payroll system or the company’s VAT return. It is worth finding a candidate who is able to provide additional services as this will likely save both time and money in the long-term.

Accountant Fees and Expertise

The hourly rate an accountant charges is identified by Truman & Lloyd (2007) as not being as important as the time taken to complete the specific jobs required. Therefore it is essential to ask for an annual fee quotation which is fixed and in writing and covers the various aspects of the position. Finally, before selecting an accountant, find out exactly where the individual’s expertise lie and whether he or she has had significant experience working for businesses which are similar to one’s own in terms of type as well as size.

As highlighted above, there are some key suggestions useful for finding the right accountant for one’s business. Think about the following issues: qualifications, references, fixed fees additional-value services and whether the accountant has the right expertise and experience for the position.

Source:

Truman, M. & Lloyd, D. (2007) Teach Yourself Small Business Accounting London: Hodder Headline

Budgeting Techniques

Tim — Fri, 11 Jun 2010 18:16:55 +0000

A budget is basically a plan of action for the forthcoming business period and budget planning should involve the whole organisation. The ability to budget effectively is crucial both in terms of performance and profitability as without having an awareness of costs it is all too easy to spiral down into losses over a period of time.

There are thee main budgeting techniques:

Incremental budgeting
Zero-based budgeting
Flexed budgeting

What is Incremental Budgeting?

The incremental approach to budgeting combines the costs identified from the previous accounting period with percentage additions. These percentage additions are utilised to cover two key areas which include cost increases as a result of inflation or higher purchases costs and predictions associated with increases in costs and income as a result of business volume predictions.

A key limitation of the incremental budgeting system is the manner in which percentages are added in a blanket fashion resulting in the likelihood of higher overall costs in the long-term. This may then also result in a business having to increase its sale prices to a level that is no longer competitive.

What is Zero-Based Budgeting?

The clue is is in the title here as the zero-based budgeting system requires budgeting to commence with the assumption that every cost has a zero base. Next, each item relating to expenditure is worked through and decisions are made as to whether the purchase is completely essential. Then different purchasing options associated with the specific item are explored as a means of ensuring the item is obtained as cost-effectively as possible.

One of the main limitations of the zero-budgeting system is that it can take an awful lot of time to work through each individual cost in this manner. However, it is fair to add that utilising this approach will then provide an extremely useful database containing valuable, time-saving information for the years to come.

What is Flexed Budgeting?

As with zero-based budgeting, the flexed budgeting system gives its name away in the title as it involves ‘flexing’ the normal budget. The benefits of flexed budgeting are that it is likely to be considerably more accurate as the budget is adapted to suit various external changes. Within this approach managers are able to provide key information resulting in an achievable budget, pessimistic budget and optimistic budget.

Through undertaking the process of flexed budgeting, managers are better able to make important decision relating to risk and expenditure, having gained a wider perspective on best and worst outcomes.

As highlighted above, there are three main categories associated with budgeting which include incremental, zero-based and flexed budgeting. Each of these approaches has various strengths and limitations with the latter approach being able to provide more accurate information.

Source:

Brown, B. (2009) Successful Finance Surrey: Crimson