• 1031 Exchanges: A Go-To Strategy for Businesses and Investors

    Real estate transactions are showing no signs of slowing down, and part of the reason is a popular section of the tax code known as a 1031 Like-Kind Exchange. Exchanges are go-to strategies for businesses looking to upgrade or relocate facilities, and investors moving upstream, into newer properties, or into different sectors. The 1031 Exchange […]

  • GPS Diagnostic: Identify Your Top Factors to Maximize Growth and Profit in Your Business

    Whether you’re interested in exit planning or discovering opportunities for growing your profits, planning is an essential part of any business. As the adage goes, failing to plan is planning to fail. When you think about tax planning or public accounting services, business advisory doesn’t immediately come to mind. The role a CPA plays in […]

  • Prepare for Success with a Change Success Diagnostic

    Is your company preparing for a big change? We’re the first to admit that corporate change initiatives can be daunting. In fact, research indicates that 70% of all change initiatives fail. Whether you’re integrating a new software, in the middle of a merger, or hiring new staff, change is especially challenging if you haven’t prepared […]

  • Vacations Are an Asset – an Orange County CPA Firm’s Perspective

    This summer I took my first three-week vacation, and I learned a great deal about preparing for a successful vacation. With the holidays just around the corner, taking some time away to re-charge may be just what you need to finish the year strong. However, without making the conscious effort to plan time away from […]

  • Top 10 Fraud Prevention Tips for Business Owners and CEOs

    Given the number of stories in the news, the phishing scams delivered to our email, and the portrayal of crazy schemes in movies, I am often asked for some practical tips that a business owner might consider to safeguard their business from fraud. Here are my top ten practical tips on protecting your business against […]

  • Telling Your Business’ Story for a Successful Exit

    I was recently speaking to a group of business owners, and when asked how many had received unsolicited offers to invest or buy their business outright, half the hands in the room shot up. I was a little surprised, but with the amount of undeployed cash held by private equity firms, it makes sense why […]

  • Real Estate Financial Reporting: GAAP vs. Income Tax Basis

    Whether you’re forming a new real estate entity, or whether you’re considering refinancing an existing one, owners and managers of real estate entities should recognize that this is an opportunity to consider changing their financial reporting method. New lender requirements can often be negotiated, and a possible change in reporting method may better fit your […]

  • Preventing Occupational Fraud

    Occupational fraud is much more common than most CEOs think. According to the Association of Certified Fraud Examiners Inc.’s “2018 Report to the Nation on Occupational Fraud and Abuse,” businesses worldwide lost over $7 billion to fraud in 2018.  Moreover, small- and medium-sized organizations seem to be at higher risk. The median loss of identified […]

  • 7 Wasteful Habits That Stifle Productivity (and Profitability)

    If efficiency is one of the primary drivers of profitability, why do so many businesses waste assets—physical, financial, and human—with such regularity? Solving this age-old problem is the basis of “lean production,” a modern offshoot of the Toyota Production System (TPS) which was the management/production efficiency philosophy made famous by Toyota Motor Corporation. Lean production […]

  • Future Proofing Your Business

    Today’s business environment is ever-changing, highly competitive and fast-paced. It is difficult to succeed in this environment if you don’t have the right tools to navigate it. With technology in a state of constant evolution, businesses can struggle to keep up with trends and stay competitive. Because the world is getting smaller and global markets […]