Wednesday, July 31, 2019

Questions People of Wealth Ask.

This may include what restaurant should we dine at tonight?  What color would you like for your new Mercedes?  Or…which accountant will protect my financial interests?  The first two will probably not change the life of a high net worth individual.  The last one, however has a profound effect on one’s future.

Here are some questions to ask of your accountant –

1.  Is there anything I can do to optimize my tax return?
2.  Do you have time for consultation periodically?
3.  Could you look at a potential investment that interests me?
4.  What is my actual net worth?
5.  How much more am I able to defer on my taxes?

These and other questions are critical to your financial future if you are a high net worth person in the Las Vegas area.  The right accountant for the job may very well be Las Vegas area CPA, Michael Mathews.  Get to know Michael by making an appointment at his beautiful office located at 2620 Regatta Dr. Suite 102 in the Northwest.  Call (702) 240-5237.

Tuesday, July 9, 2019

Accounting for a Sole Proprietorship.

The accounting for a sole proprietorship does not require a separate set of accounting records.  The law says that the owner and the business are one in the same.  That may be true, however you should maintain records for business activities, in order to judge whether these operations are generating any type of profit.

As you might expect, a sole proprietorship tends to generate smaller amounts of revenue and, logically, experience lower expenses as well.  Therefore, it can make sense to start off with the most minimal accounting record based on cash flows that go into and out of your bank account.  Just maintain separate cash receipts and journals.

A Sole Proprietorship can be very profitable without the encumbrances of a corporation or partnership.  I would like to help you with your company structure.  My name is Michael Mathews a well-known Las Vegas CPA and accountant.  Summertime is a great time to sit down at my office located at 2620 Regatta Dr. Suite 102.  Give me a call at (702) 240-5237.

Wednesday, July 3, 2019

Calling All Millionaires.

I know you are out there, but you want to lay low and protect your money.  Retaining the right accountant for your needs is tantamount to your continued peace of mind.  High net worth individuals encounter unique challenges related to financial planning and asset management. Investment activity can complicate tax planning for the wealthy.

It is likely that you own multiple properties or unique and hard-to-value assets.  Without careful wealth management and the guidance of an experienced accountant, affluent individuals will likely pay more in taxes than they legally must.  Now, let me ask you…do you know of anyone (especially yourself) who wants to pay MORE in taxes?

My name is Michael Mathews.  I have been a successful CPA in the Las Vegas Valley for many years.  I will work hard to help you legally minimize your taxes and achieve your financial goals. My experience with advanced tax planning strategies for businesses and executives has put me in a position to assist wealthy individuals.  Let’s get together for a meeting at my Northwest Las Vegas office.  Call me at (702) 240-5237.