Accountants CPA Hartford
William Brighenti, Certified Public Accountant
Certified QuickBooks ProAdvisor
Office Address:  46 Mildrum Road, Berlin, Connecticut 06037-2423      Phone:  (860) 828-3269      Email:  info@cpa-connecticut.com
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Accountants CPA Hartford: William Brighenti, Certified Public Accountant, Offers Accounting And Tax Assistance To Small Businesses And Individuals During Difficult Economic Times:  Press Release, Octover 12, 2009

A collection of articles, series of webinars, and question-and-answer forum on accounting, tax, Quickbooks, starting a business, business plans, obtaining financing, and other small business topics will become available on Accountants CPA Hartford's website in an effort to assist small businesses and individuals during these difficult economic times. William Brighenti, CPA, explained:  "We all need to help one another. If your business fails today, mine could be next tomorrow."

Accountants CPA Hartford: William Brighenti, Certified Public Accountant, Certified Business Valuation Analyst, and Certified QuickBooks ProAdvisor, is making available to the general public articles explaining and illustrating the preparation of various accounting and tax methods and forms. Most can be found on its website at http://www.cpa-connecticut.com.  According to William Brighenti, "although there are a number of guides and interpretations available to accountants on the market today, many of them fail to provide detailed and simplified examples of the implementation of the accounting and tax pronouncements. Within this website are articles explaining and illustrating in as simplest terms possible the application of some of these accounting and tax rules."

Many of the articles are dedicated to the subject of construction accounting because of Bill’s background as a construction controller and manager for nearly twenty years. In addition, there are articles on tax issues for small businesses and individuals. Some of the accounting, tax, construction and manufacturing accounting articles already available on the website include advice on the following topics:

How to file an installment agreement and a penalty abatement request with the Internal Revenue Service if you are unable to pay your taxes on time, or have been assessed material penalties from the IRS.

For small business owners paying substantial taxes, why they should consider setting up a Simplified Employee Pension (SEP) Plans to take advantage of material tax savings.

There are detailed instructions with illustrations on how to prepare a Work-in-Process (WIP) schedule for manufacturers and contractors and why they should do so, rather than leave it to outsiders to prepare.

How to hire a controller or other accounting personnel without paying a $20,000+ recruiting fee.

How to apply the Inventory Price Index Computation (IPIC) method to facilitate the use of the LIFO method of valuing inventory in order to benefit from its tax deferral.

How to value employee stock options by using the Calculated Value method as required under SFAS 123R.

A thorough analysis of the various construction tax methodologies available to contractors.

The Internal Revenue Service’s legal definition of a long-term contract.

How to implement the percentage-of-completion method of accounting.

How to implement the completed-contract method of accounting.

How to conduct a gain/fade analysis, and why it is such an important analytical tool.

The use of Quickbooks as an accounting software for contractors: a lot of accounting for the money!

Training, classes, and support available for Quickbooks users.

More articles on accounting, tax, Quickbooks, bookkeeping, payroll, Sage Master Builder, business valuations, business plans, starting a small business, etc., will be available in the upcoming months.  All interested parties are encouraged to submit their questions, comments, suggestions, as well as "how to" articles that they have written via his website.  Webinars will be offered on Quickbooks, accounting, construction accounting, tax issues, and any topic in which there is sufficient interest; everyone is invited to offer suggestions.  Proposed topics will be posted on the company’s website for registration, and those selected for the webinars will be based on enrollment.  "A public forum is needed in this country, informing its citizenry of the language of commerce and taxation," William Brighenti asserted.  "Since accounting is that language of business, in the light of our present economic difficulties, too much is at stake not to understand its syntax, grammar, vocabulary, and methodolgy.  Certified public accountants have a professional responsibility to assist anyone interested in the understanding of this very important language."

This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice.  For further information, please consult appropriate professional advice from your attorney and certified public accountant. 

Have a tax or an accounting question?  Please feel free to submit it to William Brighenti, Certified Public Accountant, Hartford CPA Accountants.  For information and assistance on any tax and accounting issue, please visit our website:  Accountants CPA Hartford.

If and only to the extent that this publication contains contributions from tax professionals who are subject to the rules of professional conduct set forth in Circular 230, as promulgated by the United States Department of the Treasury, the publisher, on behalf of those contributors, hereby states that any U.S. federal tax advice that is contained in such contributions was not intended or written to be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by the Internal Revenue Service, and it cannot be used by any taxpayer for such purpose.  The above tax advice was written to support the promotion or marketing of the accounting practice of the publisher and any transaction described herein.  The taxpayer recipients of this offering memorandum should seek tax advice based on their particular circumstances from an independent tax advisor.
Certified Public Accountant
Certified QuickBooks ProAdvisor
Sage Master Builder Consultant
Articles of Interest
SEP Plans Offer Tax Savings to Small Business Owners
Want Free Market Data of Competitors?
Hire a Controller without a Recruiter
How to Prepare a WIP (Work-in-Process) Schedule
Need Quickbooks Training or Support?
Have You Chosen the Correct Tax Method?
Pay Back Taxes Using the Installment Plan
Don't Want to Pay those IRS Penalties?
Percentage of Completion Method of Accounting
Completed Contract Method of Accounting
Accounting Methods for Contractors
The IRS Definition of a Long-Term Contract
Gain/Fade Analysis
Free Market Data For Your Business Plan
Tax Deductions for Temporary Work
Cash Flow Analysis by Contract Schedule
Roll Overs as Business Startups ROBS IRS
Shareholder Basis in S Corporation Stock
Loss on Sale of Home? Is Renting Tax Smart?
Uniform Capitalization (UNICAP) Rule
Married Partners Need Not File as Partnership
Using Quickbooks Contractor Edition
Accounting & Tax Blog
Can You Deduct Home Office Expenses?
How to Figure Your Home Office Deduction
How to Determine a Worker's Status
Home Buyer's Tax Credits Expanded
Deduct Your Next Caribbean Cruise
Make an Offer that the IRS Can't Refuse
Partial Payment Installment Agreement
Can't Pay Your Taxes? You Have Options!

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