Do you need to plan your budget?

To run a successful company, you need a good budget. While some business owners prefer not to disturb the annual budget, others adjust the budget during the year based on certain financial occurrences, such as an unplanned equipment purchase or a steep downward or upward sales trend. Using the budget as an ongoing planning tool during a given year is certainly advisable. It is advisable to seek the advice of tax consultant like Cirimelli, Pyle and Associates to help you plan your budget.

 

Your CPA’s role will depend on the internal resources available to you and your background in finance.  Your CPA’s input will prove invaluable in providing an independent review of your short- and long-term budgets. (www.entrepreneur.com)

The CPAs are the backbone of all the accounting purposes in the budgeting process. One of the world’s leading licensing examinations, the CPA Examination serves to protect the public interest by helping to ensure that only qualified individuals become licensed as Certified Public Accountants (CPAs). Certified Public Accountants enable the budget strategists with all the information and resources needed.

 

CIRIMELLI, PYLE AND ASSOCIATES LLP, PHONE: 408-879-9990 FAX: 408-879-0992 are certified public accountants in the Bay Area who offer valuable guidance and individualized services to a variety of organizations, large and small as also to individuals. They are conveniently located in the CAMPBELL OFFICE CENTER, on Campsi way just off Highway 17 near HAMILTON AVENUE and BASCOM AVENUE. Cirimelli, Pyle and Associates are up to date with the latest tax laws and are one of the best accountants in Santa Clara. This firm of CPAs in Los Altos Hills offers a host of services which include all tax services, business loan assistance, business plan development, IRS problem resolution, financial statement preparation, etc. Contact our office at mailto:cpa@cpasllp.com  or call 408-879-9990   for details or guidance with your 2008 tax planning.

Tax refund

Will you receive a 2007 income tax refund or an economic stimulus tax rebate check? Your tax consultant should be able to tell you whether you do qualify for a rebate. So contact Cirimelli, Pyle and Associates and find out how much the IRS owes you. Here are some suggestions on how to put these funds to good use.

 

1. Pay off consumer debt.  This is generally one of the best uses for extra cash.  For example, if you typically carry a credit card balance and pay 16% interest, you’ll realize a 16% return if you pay off that debt.  You probably won’t save quite as much by paying off other types of loans, but you should consider that as well.

 

2. Contribute to an individual retirement account (IRA).  A contribution to an IRA is a good idea whether it’s tax-deductible or not because IRA earnings grow tax-deferred.  If you’re self-employed and show a profit for the year, you can also make a tax-deductible contribution to a Keogh plan.

 

3. Start or add to an education fund.  Consider investing your extra money in stock or bond mutual funds earmarked for your child’s education.  We can help you decide whether your education fund should be held in your name, your child’s name, or in trust.  We can also help with planning to avoid getting snared by the “kiddie tax.”

 

 

A good CPA also helps to save tax by advising the investor to invest in certain places. Cirimelli, Pyle and Associates are a Certified Public Accountants Firm in California. The services offered by Cirimelli, Pyle and Associates include year-end tax planning services, client accounting and write-up services, individual and business income tax return preparation, and they also present new clients an initial consultation free of cost. So for a good CPA firm in Campbell, San Jose, Santa Clara, Saratoga or a Sunnyvale business accountant, contact Cirimelli, Pyle and Associates at mailto:cpa@cpasllp.com  or call 408- 879-9990   for details or guidance with your 2008 tax planning.