at Sacramento, Sacramento, 95842 United States
Our mission is to help you make your dreams come true. We know you want to lower your taxes, increase your profits, and have money when you need it!
At Ken Cone CPA, we specialize in a wide range of financial services for your business including current tax issues, annual tax tips, business management tips that have a foundation in accounting, yearend tax planning, tax crisis, financial audit, review, compilation, financial statements, and real estate tax issue.
1531 FB users likes Ken Cone CPA, set it to 4 position in Likes Rating for Sacramento, California in Business services category
In the organizational design, the third division crucial for expansion is Treasury collecting money and paying bills http://ow.ly/znsM3
What do you need - right now - for your business to thrive? 916-649-1040
The methodology that Ken began learning in 1995 to facilitate expansion includes the organizational design. Consistent expansion comes about through the use of laws of business activity that are formed into these seven divisions: Communication, Sales, Treasury, Production, Quality Control, Public Relations and Executive. Give him a call to learn how to apply this methodology and how to get your business thriving. (916) 649-1040 http://ow.ly/znsM3
The seven business divisions are fundamental to designing an organization that can expand consistently. Interestingly, the divisions align with a phenomenon of increasing awareness and ability. Because of this alignment, businesses that use the following organizational design tend to get stronger over time. 1) Communication 2) Sales 3) Treasury 4) Production 5) Quality Control 6) Public Relations 7) Executive http://ow.ly/znsM3
In the organizational design, the seventh division crucial for expansion is Executive determining the firms goals and making sure it has the legal foundation to get there. http://ow.ly/znsM3
In the organizational design, the sixth division crucial for expansion is Public Relations letting potential customers know the company exists. Ken treats social media, telemarketing, newsletters, news briefs/articles, and other activities as his public relations effort. There are numerous other activities that he undertakes, such as business mixers, Chamber events, etc. http://ow.ly/znsM3
In the organizational design, the fifth division crucial for expansion is Quality Control making sure the work is done properly and that staff technical competence is improving. In Kens CPA practice making sure the work is done properly is indistinguishable from the production department. In a large company, there should actually be a separate group reviewing production results. http://ow.ly/znsM3
In the organizational design, the fourth division crucial for expansion is Production getting the work done http://ow.ly/znsM3
Have a tax question and need solid advice? He's an #Accountant and a #FinancialAdvisor - Call #KenConeCPA today! http://ow.ly/znskn
In the organizational design, the second division crucial for expansion is Sales - getting new customers the right service at the right price, getting more services for present customers, and getting past customers interested in buying more services. http://ow.ly/znsM3
If you've just delayed doing your taxes, don't wait till the last minute! Call #KenConeCPA today! http://ow.ly/znskn
In the organizational design, the first division crucial for expansion is Communication - foot traffic, telephones, mail, staff hiring, training, and their condition. http://ow.ly/znsM3
A fresh pair of eyes from an #Accountant and a #FinancialAdvisor can do wonders for your finances! Call #KenConeCPA http://ow.ly/znskn
The following seven business divisions are crucial to an ever expanding business: 1) Communication, 2) Sales 3) Treasury 4) Production 5) Quality Control 6) Public Relations 7) Executive http://ow.ly/znsM3
All your financial questions answered! Call #KenConeCPA today. #FinancialAdvisor http://ow.ly/znskn
Ken operates his business on the principal that it must constantly expand. The methodology that he began learning in 1995 to facilitate expansion includes an organization design. He runs his business in the context of seven divisions that were identified as crucial to constant expansion. Because of the size of his own company he applies primary emphasis on production and secondary emphasis on public relations. http://ow.ly/znsM3
He's a trusted #Accountant and a #FinancialAdvisor: #KenConeCPA. Visit our #Website for more info! http://ow.ly/znskn
Promotion is all the more important when the economy is weak. A weak economy results from an insane situation. When you promote you are injecting sanity into the economy. Promotion helps get the economy going again. - Kenneth Cone http://ow.ly/znsM3
Need an #Accountant and a #FinancialAdvisor? Call #KenConeCPA or visit our #Website! http://ow.ly/znskn
For your neighborhood trusted accountant, call #KenConeCPA today! #FinancialAdvisor http://ow.ly/znskn
To build profits, its important to identify and handle business stops. Ken can utilize his troubleshooting skills to assist you in creating your ideal result. The process involves interviewing you and some, or all, of your staff to identify your goals, trouble spots, strengths and weaknesses. Needed corrections are identified and implemented. Ken will be there to guide you as long as he is increasing your bottom line and/or your free time. http://ow.ly/znsM3
The best way to manage your finances is to start with a plan and include an accountant. #KenConeCPA http://ow.ly/znskn
Series post - day 14: Not-for-profits, non-profits, and governments use a different accounting system than for profit organizations. The key difference is that these entities apply their funding to achieve objectives rather than build profits. There are two types of fund accounting for basic fiscal control and assessment of success in the organizations goals: 1) General funds: basic operations of running an organization – payroll, supplies, monthly bill paying, etc. 2) Special funds: Funds designated for specific use – building expansion, remodeling, events, etc. Source: B. Schneider
Series post - day 13: Tax accounting is founded on laws passed via legislative processes. In the United States, tax accounting applies the rules established for tax payment by the Federal government, in accordance with the Internal Revenue Service, as state and city requirements. A tax accountant’s objective is to help businesses/entities reduce their tax bill. Internally, a tax accountant can help with financial reporting by aiding financial accountants in determining the accounting for income taxes. Call me to discuss your tax needs. 916-649-1040 Source: B. Schneider
Series post - day 12: “The internal auditor evaluates the risks the organization faces with respect to governance, operations and information systems. Its mandate is to ensure (a) effective and efficient operations; (b) the reliability and integrity of financial and operational information; (c) safeguarding of assets; and (d) compliance with laws, regulations and contracts.” - Institute of Internal Auditors Source: B. Schneider
Audit evolution – Audits historically looked into internal control to evaluate whether they are sufficient to be relied on. Now days, audits have evolved to include: • a huge emphasis on the threat of fraud, • planning of the audit, • a point of emphasis - defining the management role in the audit, • and the preparation of the financial statements. Questions? Call me. 916-649-1040
Series post - day 11: External auditors are independent of the company that they are hired to audit. It is their job to determine if a company’s: 1) statements conform to GAAP, 2) the financials are being properly stated, and 3) and the statements fairly show the results of operations. The auditor’s primary responsibility is to those outside of the firm, such as bankers, who require the information being presented in the financial statements. Call me to discuss your external auditing needs. 916-649-1040 Source: B. Schneider
Series post - day 10: Auditing is a systematic examination and verification of a business’s accounts and internal control systems. Call me to discuss your specific audit needs. 916-649-1040
Series post - day 8: As times change so do terms and trends. Management accounting now encompasses what formerly was known as cost accounting. Allocation of costs is a key element of management accounting. To make wise management decisions, business owners must understand how to measure costs. Although tedious, methods such as activity based costing (ABC) and target costing may provide the business owner with more useful data for management decisions. Source: B. Schneider
Solar panels that are funded by the county do not increase your property tax deduction. I recently learned that some of you think that just because a bill is paid through your property tax bill that makes it deductible. In fact only taxes paid on your property tax bill are deductible. When you compute your tax deduction, you are required to reduce your property tax bill by any charge that represents a cost for services that specifically benefit you. Another example is if your county funds your water costs. That is a utility bill that is not deductible.
Series post - day 7: Management accounting is focused on financial activity within an organization. The process involves the preparation and analysis of internal accounting information. The process comprises "…designing and evaluating business processes, budgeting and forecasting, implementing and monitoring internal controls, and analyzing, synthesizing and aggregating information…to help drive economic value." - Institute of Management Accountants Source: B. Schneider
Deductible expenses and lost or destroyed documents - A recent tax case was rather expensive to taxpayers when they inadvertently shredded their documents. In this day and age of inexpensive computer data storage, it behooves you to have copies of your important receipts backed up on your computer. QuickBooks even has a feature that allows you to attach documents to each transaction. I use this feature quite often.
Series post - day 5: Companies in the United States use Generally Accepted Accounting Principles (GAAP/ U.S. GAAP) to issue their financial statements. The standards are based on the collective efforts of the Financial Accounting Standards Board (FASB), U.S. Securities and Exchange Commission (SEC), and the American Institute of CPA’s (AICPA). Source: B. Schneider
Series post -day 4: Bankers, shareholders, customers, governmental agencies, etc. rely on accurate financial statements.
Series post -day 3: Financial accounting is a field that is mandated by rules to determine, and present, the financial status and results of an organization. It attempts to communicate to external stakeholders the results of the company’s economic activity by accumulating, processing and reporting information. Reports are compiled of: 1) Financial statements, which typically includes a balance sheet. The balance sheet is the statement of financial condition. 2) Income statements which are the profit and loss statement (P & L), and 3) Statement of cash flows. Also frequently included is a statement of changes in the owners’ equity. Source: B. Schneider Do you have any questions that I can assist you with? Give me a call: 916-649-1040