About the Stewart, Archibald & Barney Blog

As Las Vegas CPAs, we want to bring you the most helpful information we can regarding accounting, finances, and your business in Las Vegas. This blog is a resource for anyone who is interested in learning more about what they can do to help their business grow and stay up-to-date with recent financial and tax changes. Please have a look around the site, read some of our articles, and when you’re ready to talk to a CPA in Las Vegas, don’t hesitate to give us a call. You can visit our main website by clicking the image on the right. We look forward to meeting your soon.

Thank you,
Las Vegas CPAs,
Stewart, Archibald & Barney


Find Your Fit with a CPA

I’m a Las Vegas CPA who just came out of a meeting with a bunch of students. They were down at a recruiting visit down in Southern Utah. And one of the things we told them when they’re looking for an employer is to “find your fit”. And that is an absolutely important tip I can give to any business owner as well: When you’re looking for an advisor – your attorney, your insurance agent, your Las Vegas CPA – these are people you’re going to have to trust an awful lot with the personal details of your life and with the success of your business in some case, and so you need to take the time to interview people and see whether you relate to them, and whether it’s somebody that you can trust, someone you can get on the phone and talk to, and someone who shares your values.

Maybe they have a similar appetite for risk. You may not be as cutting edge as your CPA wants to be on taxes, and that may make you uncomfortable. Or, your CPA may be more conservative than you want to be. So it’s very important that you spend the time on this relationship at the front, because it’s much easier to spend it then, than to change CPAs every 2 or 3 years. So, “find your fit” when choosing a Las Vegas CPA.


How to Find Your Passion

Jeff Breeden of business audit firm Stewart, Archibald and Barney talks about finding your story to identify your passion. Whether you need a business audit, tax preparation, or financial statements, finding your passion is a must.


How Proper Tax Planning Can Save You Money

One of the things my Las Vegas clients ask me often is, “How can you help me more with my tax planning?”, and I think the best answer to that is “I need to talk to you”. Whoever your Las Vegas CPA is, if you let them know what you’re doing before March of the next year, they can often do a lot of things with entity structure, or just planning the deal to make it more tax efficient. Communication is the key with Las Vegas tax planning, but if you only talk to your CPA once a year, in March, you’re missing the boat, and he or she isn’t able to help you as much as they could.

For example: I had a client come to me once that was doing a land deal; they owned some land and they were going to build a building on it. And by talking with us, and letting us understand their particular tax situation, we were able to structure another entity, take the advantages between a partnership and a corporation, and capture most of that gain as long-term capital gain, instead of all as ordinary income. But it’s one of those things that we couldn’t have done if they had started construction and talked to us after the fact.

Make sure that your CPA understands your business and tax situation as early as possible. Give them any information that they might be able to use during the tax planning process, and make sure your Las Vegas accountant really gets to know your and your business.


The Process of Choosing a Las Vegas CPA Firm

How do you go about finding the right Las Vegas CPA firm? A partner at a local CPA firm outlines the process of finding and hiring the right Las Vegas CPA firm for your individual or business needs.

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What Should You Ask an Accountant Before Hiring One?

As a Las Vegas accountant, one of the things that I get asked a lot is, “What should you ask an accountant in Las Vegas if you are considering hiring one?”.  One of the most important things is there licensing (their credentials, exactly what they have other licenses in).  You should contact their state board of CPAs and the American Institute of accountants to see whether or not there has been any disciplinary actions put against them, and also check out their licenses – they usually do have them posted in their offices.

One of the other things that you should ask a Las Vegas accountant about is their fees: how do they charge you, is it an hourly billing, is it a value billing, what exactly will they charge you for phone calls, what type of meetings can you have with them on a regular basis?  You want to make sure that you understand that before you hire an accountant.  Additionally, you want to ask them how you could reduce your fees.  Do you charge me less or more if I bring in a box of receipts? Could I possibly do some of the work and keep my fees at a minimum?  One of the last things that I would consider asking them is ‘what their strategies are with their financial statements and their tax returns?’.  Are they aggressive, or are they conservative? You want to hire someone who is exactly like yourself.  If you’re aggressive and you like to take an aggressive strategy on your tax return, you want to make sure that an accountant is willing to look at that without disobeying the laws.

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Business Consulting in Las Vegas for Succession Planning

A Las Vegas business consultant talks about succession planning for las vegas businesses. This business consulting information shows how you can feel confident selling or giving your business to a child, employee, or entrepreneur.

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How Correct Tax Preparation Can Save You Money.

Quite often, while doing tax preparation in Las Vegas, I get asked the question by small business owners, “How can I reduce my taxes?”.  Almost always, the most important thing that they forget is that they don’t keep their receipts so that they can deduct all the expenses that they pay.  It’s important, for tax preparation, that the Las Vegas business owner keeps track, even if you just take an envelope and put the receipts that you paid for (whether cash, or by credit card) in that envelope every single day, and at the end of the year, or at the end of the month you just add those up and put those on the expense sheet – that’s a huge way you can save, and quite often, small business owners will just throw away the receipts (or they can’t find them when it comes time to do their tax return)

Some of the most common areas where people forget their expenses are in the materials or the supplies that they might pay for. If they’re a contractor for instance – they may run to a local hardware store and pick up some small supplies they need for a job, but they forget to keep the receipt, or forget to put it in that box or envelope at the end of the day.  As well, there are office expenses, or meal and entertainment expenses.  If they take employees out to lunch, or pay for a dinner with current clients or customers, and then they forget that, “Oh, that was something that I need to go ahead and deduct on my tax return”.

Therefore, if you want to save on taxes, one of the key tax preparation methods in Las Vegas is to keep track of the expenses that you pay.


Building a Relationship with Your CPA

As accountants in Las Vegas, we’d like to share some thoughts that you might be having if you’re looking for an accountant, and what you should be looking for.  In working with a lot of different business owners and having relationships with a lot of the clients that we have, I think that for a company, or an individual, who is searching for accountants in Las Vegas, they want to find someone who they can build a relationship with, that they trust.

It’s a lot like finding a doctor that you’re comfortable with.  You want to find an accountant that you can be comfortable with, that understands you, that understands your business needs (if you have a business) and has experience with working with your tax situation or your business needs that you have.  Those are some of the important characteristics that you want to look for as you’re searching for a CPA.

You want to find an accountant, as well, that has a good reputation in the community.  Before making a final decision on an accountant, take the time to find out what they’ve done in the community.  You can find this information online, or by asking around.  Good accountants carry a good reputation. Those are some of the key points that I would identify that you would want to find in accountants in Las Vegas.

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Value-Added Accounting Services

An accountant from a Las Vegas CPA firm discusses the difference between compliance accounting services and value-added accounting services. Discover the difference and how it could affect how you choose a Las Vegas accountant.

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How a CPA Can Help You Reach Your Goals

As a CPA in Las Vegas I want to take just a minute to talk about the service you should expect from someone who is really interested in you, and that is your CPA. Most CPAs in Las Vegas have a perspective of history – they ask you for last year’s tax returns, they ask you for last year’s information for financial statements – but someone who is really worried about you needs to be looking towards the future; needs to be looking to see what the past has in its base of information that will help you reach your goals and objectives in the future.

I have often said that CPAs stand on this line, which is today, and look back, but they should be taking that perspective of seeing what’s in the past and looking forward towards the future;  to help you meet your goals and objectives, your wishes and your dreams.  That perspective will help you plan for the future and allow you to make the goals that you have for yourself.  Most residents of Las Vegas feel like they’re making an educated decision when choosing a CPA, however, they might be looking for the wrong things.  While experience and reputation are still very important, you should be focusing on that personal relationship.  You want to avoid any CPA who treats you like everyone else, and find the CPA in Las Vegas that will really take a personal interest in you specifically.

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