The Blog Of TL Wall Accounting

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3 Things To Know About Bankruptcy & Your Business

No one ever wants to think about bankruptcy, but it happens frequently. Whether it’s business or personal, sometimes it feels like it’s unavoidable. There’s a stigma attached to it although, strangely enough, rich people don’t feel as often as the rest of us.

Still, it’s something that needs to be addressed because it’s not the “end all” that it sounds like it can be… at least not across the board. We’re going to talk about 3 things we feel you should know and understand so that you’re armed with at least a little bit of knowledge if you believe it’s something you should consider.
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You Can’t Be Comfortable And Make Real Money

A couple of articles ago we talked about 7 easy ways to get comfortable with money. This time around we’re taking a different slant on the topic of comfort and money because it’s a totally different topic than the previous one.

Yellow Camaro

In this case, we’re talking to the people who say they want to make more money so they can do anything they want to and can live the life they want to live. Whenever most people are asked how much money they respond “enough to be comfortable.”
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You Need To Be Honest With Your Accountant

Accountants and accounting firms are there to help businesses with their finances, predictions, taxes, and in some circumstances help them grow. They can make recommendations on people to talk with to help get you out of financial difficulty. They make recommendations on the types of people you should talk to when you want to invest your money. They can even help you by offering ideas of services you should ship out to others so you can concentrate on your business and career.

J Davis Studio At Work: Jake
Creative Commons License JDavisStudio via Compfight

With that said, as is pretty much true with almost everything else, an accountant’s effectiveness is only as strong as the information they get from their clients. What we’re talking about is being as honest as you can about what’s going on with your business and your finances.
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7 Easy Ways To Get Comfortable With Money

The scariest thing many of us have in our minds at one time or another is not having enough money. It doesn’t matter what it’s for, whether it’s real or imagined. Unless we win the lottery (and how many of us have met someone who’s won the lottery?), we always feel like we’re going to need more than we have to do what we want and to feel comfortable and content.

U.S. Dollars - Benjamin Franklins
Creative Commons License Donald West via Compfight

You want to know a truth? You can feel comfortable about money now, and get on with the life you want to lead. It doesn’t need to be more money, but it can. All it takes is a shifting of your mindset in some unique ways that will help you feel more comfortable about money overall.
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4 Reasons To Use A Small Accounting Firm

T. L. Wall Accounting and Tax Corp is a pretty small, local accounting company located in North Syracuse, NY. By small, I mean it’s mainly myself and another accountant for most of the year, along with an office assistant. During tax season I bring in a couple other people to help us get through all the extra work but mainly it’s just the 3 of us year round.

We do pretty well for ourselves, all things considered. We’re certainly never going to challenge companies that have hundreds of employees for all clients but there are many benefits that bring clients to us instead of them.
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