He that walks with wise men shall be wise.

Solomon

Is My Church Facing a Lawsuit?

Posted by on Nov 30, 2014 in News of Interest, Tax Updates | 0 comments

Mike Moffitt

Interview with Mike Moffitt – Certified Public Accountant

Ever wonder whether your church should be incorporated? Or maybe what roles your Board Members should be playing? Or possibly what tax implications there are for your church?

If you have ever thought about any of these questions, join the conversation by listening to the interview below where Mike Moffitt seeks to provide clarity for churches on a number of topics:

http://revivalintexasnow.com/home/is-my-church-facing-a-lawsuit/

 

 

Read More

We are Xero Certified!

Posted by on Nov 21, 2014 in News of Interest | 0 comments

xero-certified-advisor-logo-hires-RGB

Read More

Key #2: Proper Planning

Posted by on Aug 15, 2013 in Financial Plan, News of Interest | 0 comments

photo 2

Make sure that you have a plan before you start. This sounds intuitive but you would be surprised how many people never plan what they are doing. Ultimately, all plans change once they’re finished, but the importance of the thought-processes behind them is invaluable. This includes completing a 5-year growth projection (financial goals; how you’re going to achieve them) as well as incorporating the correct entity type and taxation status.

If you have questions about proper financial planning, please e-mail us at mmoffitt@msm-cpa.com.

Read More

Key #1: Proper Market Research

Posted by on Aug 9, 2013 in Financial Plan, News of Interest | 0 comments

Week 1

 

Before venturing out on your next big idea do some market research first. Gather information about your potential customers: demographics, purchase strength, likes/dislikes, etc. Get to know your customer or client better than they know themselves before you try to sell anything to them. You should also have a working knowledge of the existing competition and how you plan on entering the market. Writing a marketing plan is recommended as it will force you to think through what you are selling, who you are selling it to, and how you will sell it (positioning, branding, personal selling, advertising, etc.).

 

 

Read More

Keys to Startups

Posted by on Jul 30, 2013 in Financial Plan, News of Interest | 0 comments

Startup

Starting and running a successful business can be a daunting task. From a financial and accounting standpoint, there are quite a few pitfalls and crevices in the mountain of entrepreneurship. Amazingly, this still doesn’t stop the American idealism or belief that companies can be formed and will be successful. Indeed, our society is built upon the entrepreneurial mindset that fuels our capitalist interests. If you plan on jumping off the cliff anytime soon, here are a few guidelines that will hopefully give some extra wind under your wings.

Over the next five weeks, we will be giving you thoughts on five keys to startups:

1. Proper Market Research

2. Proper Planning

3. Proper Organization

4. Proper Capitalization

5. Proper Evaluation

 

Next Week: Proper Market Research

 

Read More