forensic accounting

Advice for the Year Ahead

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I was looking for some inspiration for my second set of blogs in this New Year. In a which is charged with so much fighting and negativity, I thought it might be nice to find something positive to share with you. Today I am choosing words which are not necessarily just about sound financial adivce, rather they cover so many areas of our lives.  I often am inspired by the words of Dave Ramsey, and this post from him seems to have just the right tone:

“With a new year comes new opportunities. Second chances. Do-overs. You get to leave the past behind and start with a clean slate! You can make this year better than the last.

As this new year begins, try out these proven principles that will set you up for success.

Related: Take advantage of this year’s clean slate and take Financial Peace University.

1. Let mistakes stay where they belong.

There’s a reason the rearview mirror is smaller than the windshield. Looking at what’s ahead is more important than looking at what’s behind you. Yes, you need to take responsibility for your past, but that doesn’t mean you have to stay there. You can’t be excited about the future if you’re living in the land of regret!

2. Let experience teach you.

Whether it’s those mistakes you’ve made or the unexpected trials that knocked you off your feet, learning from them can be fuel for future success. When asked about his many failed inventions, Thomas Edison once said, “I have not failed 10,000 times—I’ve successfully found 10,000 ways that will not work.” Failure deepens your compassion, forgiveness and empathy. It can give you more self-awareness, improve your skills, and motivate you to work harder.

Related: 4 Secrets for Staying Focused

3. Let gratitude decide your outlook.

When you choose gratitude, you enjoy better relationships, feel better physically and emotionally, improve your self-esteem, and even sleep better at night. There are no downsides to seeing through the lens of gratefulness, but the benefits can radically improve your life!

There are no downsides to seeing through the lens of gratefulness.

We want to come alongside you to help you win. Whether you’re trying to get out of debt, start a new business, or plan for retirement, we hope you’ll turn to us as your trusted source for great content and life-changing truths. We believe in you and your future!

What are you waiting for? Let these principles make 2017 a great year for you! Write down those goals and resolutions. And then start working on them, one day at a time. A successful year is waiting. Go after it!”

At DiSalvo and Company, we are always on the look out for new ways to help our fellow business owners, and the people in the communities where we live and work. Remember, having a good plan will help your business stay on track. Finding ways to cut waste will also help you keep more money in your pocket, both in business and in you personal life.

Pete DiSalvo, CPA

Melbourne - Titusville - VeroBeach - Certified Public Accountant

 

Juggling the Demands of a CPA & Family

business advice, book keeping, quickbooks consulting, new business owners Vero Beach Who among us does not know of a CPA or Tax Accountant whom you never see from December to April 16th? In our firm many of us have families and during Tax Season it is extremely difficult to carve out the kind of family time  we would normally have the remainder of the year. From Accounting Today, a post written by CARL ALLEGRETTI hit a nerve with me. Not all of you reading this will be accountants, but man or woman, Mom or Dad, we all have those times when work gets busy and it is difficult to balance the demands of work and the time we need with our families and children.

1. Set thoughtful priorities: As busy season comes around, your time becomes more and more precious as client work increases and deadlines need to be met. With all the demands on your time, something has to give. Focus on setting thoughtful priorities—both at work and in your personal life.

To find the right balance, I look closely at what my top priorities are in and out of the office. For me, family comes first. In order to find the time to coach and attend my sons’ sporting events, I stopped playing golf because I couldn’t justify the amount of time on the course.

2. Plan ahead: Many of us are great at planning when it comes to work. We have a laid out plan for all the things we want to get done. This approach becomes all the more important during busy season.

Don’t forget to also plan for personal time, which isn’t always easy given your professional demands. With careful planning, anything is possible—and that includes using your vacation time before and after peak periods of work. Like an elite athlete, we all must rest, recuperate and reenergize during the year.

I found that when I acknowledged that my personal life was as big a priority to me as my career, it became much easier to effectively plan my life outside the office. I now schedule my calendar up to a year in advance to make sure my personal and professional priorities are locked in.

3. Personal health: Taking care of yourself should be a big priority. If you are not healthy, juggling multiple tasks can become difficult. Getting enough sleep, eating right and keeping active are important in managing stress. The number one way to train the brain is physical exercise, and studies have repeatedly shown that physical activity keeps your brain healthier and stronger.”

Take the time to make a plan for your busy time. Don’t forget to carve out some time for your family and yourself no matter how busy things get.

Pete DiSalvo

CPA

Melbourne - Titusville - VeroBeach - Certified Public Accountant

 

Quickbooks

book keeping, QuickBooks, Book keepersIf you are a small to medium sized company and you use Quickbooks, we are betting that you could use some help with it. Let’s face it. The accounting parts of your business, any business, is what we are good at.

If you are selling goods, or services, you are not necessarily a personality type which loves accounting and bookkeeping. Am I right?

We can help with whatever aspect of QuickBooks you may be struggling with, on  all phases of the program for our existing clients on demand. Just like you, we want your books to be in good order as this makes our services more efficient and keeps fees down. Here are just some of the services we offer:

  • Reconciling your bank accounts in QuickBooks. An important part of keeping a proper set of books and assuring that no numerical errors have been made by you or your bank is balancing your checkbook at the end of the month (A/K/A reconciling your bank account).
  • Online banking set up and coordination with QuickBooks. If you would like to pay your bills online, QuickBooks can by synchronized with your bank account and automatically record your transactions.
  • Printing and customizing reports for your specific needs. Depending on the type of business you are running, you will want certain reports daily, weekly or monthly so you can oversee your operations.
  • Overseeing your bookkeeper. If you have a bookkeeper operating QuickBooks for you, we will oversee them to be sure he/she is entering transactions properly and be available to answer any questions your bookkeeper may have about your QuickBooks file.
  • Accounts receivable & invoicing. Depending on the type of business you are running, you may want to keep your Account Receivable on QuickBooks so you can track who owes you money.
  • Entering  payroll.

DiSalvo Accounting is here to help with any or all of your accounting needs, from QuickBooks to  accounting and tax planning needs of small business and individuals throughout the Space Coast and Treasure Coast.  We serve customers in Vero Beach, Melbourne and Titusville. If you don’t have a business yet, and are thinking about starting on, we can help you with that as well. Should you find yourself going through a dispute of some sort, we can also help with Forensic Accounting.

Stop by again!

DiSalvo & Company PA, Certified Public AccountantsMelbourne - Titusville - VeroBeach - Certified Public Accountant

 

 

 

Before You Start Your New Business!!!

business advice, book keeping, quickbooks consulting, new business owners Vero BeachStarting your own new business can be an exciting thing to do. Running your own new business is not always exciting. So listen up. BEFORE you start you new business, take a month to plan and put certain things in place.

Write a business plan, not necessarily a complex one, but one that outlines what you would hope to accomplish in the next two to three years. Put money in the budget for advertising and marketing, and for your accounting and bookkeeping needs.

Yes, you can do those things yourself, and no, most small business owners should NOT do their own book keeping and accounting. If you are an expert in marketing, I can almost guarantee that you are not someone who is going to relish spending time with receipts and payroll. So hire someone to do that and take that money away from your projected earnings right off the bat.

We offer a FREE consultation for those of you who are considering opening a business, or expanding your current business. Here are just a few of the things we help you with:

Choosing the right name for your new business.

Whether you should incorporate or not.

Partnership agreements

If you do incorporate, should it be in Florida, or in another state?

How to minimize your Taxes

What are the best banks for your business.

What payroll service is best, and what are the guidelines for a company such as yours?

If you are already using Quickbooks, and are frustrated with it, we can help with that as well.

DiSalvo and Company has locations serving clients from Vero Beach, Port St. Lucie, Palm Bay, Melbourne, Fort Pierce, Sebastian, Micco, Fellsmere, Titusville, Merritt Island, Cocoa, Viera and Rockledge, to St Lucie County, Martin County and Brevard County.

 

Melbourne - Titusville - VeroBeach - Certified Public Accountant

 

DiSalvo & Co Expands Vero Beach CPA Office

We are pleased to announce that Vero Beach CPA DiSalvo & Company, has completed our relocation to a spacious new headquarters at 1945 20th Street Vero Beach, FL 32960. This new space allows DiSalvo & Company more room to grow the best team to serve our clients  better than ever.

Along with the expansion, Peter DiSalvo is happy to announce that Rosemarie Hatch has agreed to join the team. Rosemarie specializes in tax preparation and is designated as an “enrolled agent” to practice before the IRS. Rosemarie has been serving individuals and business owners in Vero Beach for years. We are excited that Rosemarie has joined our team at DiSalvo & Co., Certified Public Accountants.

DiSalvo and Company specializes in the accounting needs of individuals and small business in central Florida.  We offer all types of accounting services including, Quickbooks set-up and training, bookkeeping, payroll services, tax planning and preparation, financial auditing, representation before the IRS,  business consulting, business advisory services, forensic accounting, estate planning.

In addition to our new Vero Beach location, DiSalvo & Co. maintains offices in Titusville, and Melbourne, Florida for your convenience.  We encourage you to call us to arrange a visit to our new space for a free consultation to see if we can help your business expand in Vero Beach.

Melbourne - Titusville - VeroBeach - Certified Public Accountant

What is Forensic Accounting?

According to Wikipedia, the word “forensic” means “suitable for use in a court of law.”  It follows then, that a forensic accounting would deal with financial matters that may become material facts in a court proceeding.   Criminal cases which may require a forensic accountant may include determining the extent of financial damages due to forensic accountant vero beach, Floridafraud, or tracking down the proceeds of a crime to assist in he recovery of assets.   A forensic accountant may also be useful in civil cases to determine the value of a company when a dispute may exist, or to establish assets to ensure an equitable settlement in marital, or family law proceedings.

In this era of automation and computerization, a forensic accountant must be extremely knowledgeable and comfortable with technology as much as accounting rules, economic theory, and financial reporting systems.  A forensic accountant must often find assets that were meant to be well hidden.

As a Certified Public Accountant, with the AICPA designation, DiSalvo and Company are qualified to offer expert testimony in any US court.  If you, or someone you know has a need for a Forensic Accountant in the Central Florida Area, please don’t hesitate to contact DiSalvo and Company for a consultation about the particulars of your case.

DiSalvo and Company, Certified Public Accountants,  specialize in offering all types of  accounting services for the entrepreneurial to enterprise level business.  DiSalvo and Company, Certified Public Accountants maintains offices in Vero Beach, Titusville, and Melbourne, Florida for your convenience.  Why not give us a call today.

Melbourne - Titusville - VeroBeach - Certified Public Accountant