SUBSCRIBE
Enter your Name and Email address to get
the newsletter delivered to your inbox.
Please include name of person that directed you to my online newsletter so I can thank them personally.
Marc S. Pelletier, P.C., CPA's
666 Main Street, PO Box 326, Southington, CT 06489
Phone: 860-620-5500
January 2024
January 2024 Client Profile
Sean and Caelin are talented artists who recently launched a freelance creative services business to see if being self-employed full-time could be an option. Sean is keeping the books, and so far, so good. But he sought professional advice to help avoid errors.
During their initial meeting, their CPA shared some systems and processes for Sean and Caelin to implement:
- A receipt capture, filing, and backup system, particularly for digital records
- A checks and balances policy that requires someone other than the bookkeeper to make deposits and review bank statements and canceled checks monthly
- Reconciliation of credit card statements each month and loan accounts at least annually
- Use of accounting software, but avoid overreliance on the software in lieu of professional guidance.
Now, they’re also all set with a professional to do their first tax return.
Client Profile is based on a hypothetical situation. The solutions discussed may or may not be appropriate for you.
CONTACT US
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.