Remote Accounting Services

Cost Effective Accounting Eco-Friendly Strategies

Cost Effective Accounting Techniques– Eco-Friendly Strategies

It’s no secret that in today’s markets operating an environmentally friendly business can go a long way. Corporations such as IKEA, Panasonic, & Adobe have been known for implementing modern Green Accounting policies to benefit our planet, but also increase their bottom-line. The concept of big business reducing costs by going Green relates well to small to midsize companies. Many business owners large or small are hesitant to switch accountants, let alone change up company structure. Keeping an open mind has added value to change and has proven to be advantageous for those changing with modern times.

Nike for example uses post-consumer recycled materials in several of its products. Partnerships with NASA and other government agencies to study “green” processing of raw materials into goods, has provided outlook into the future of reducing expenses. They have also gone on to reduce costs of packaging, and renewable energy at its plants. Other projects include recycling of athletic jerseys from major sporting events such as the World Cup.

On the small to mid size front, companies have cut costs immensely by going paperless. For example as a tax preparer I have made it appoint to PDF all my clients’ tax returns. Printing out thirty plus pages per client for both federal and state returns makes little sense. This saves trees, lowers costs of ink refills and printer maintenance. Emailing rather than mailing documents also will cut costs through lack of need for postage and envelopes. Tons of companies still send out invoices and monthly statements. It is smarter business to email unless your client requests otherwise. Storing documents on a secured drive also allows you to be more efficient with less time spent searching for documents. Being tech savvy will slash expenses and allow for reinvesting of revenue.

Other businesses have gone on to completely relocate their facilities for Eco-friendly structures. Panasonic has set aggressive energy goals but has followed through on them. What sets them apart is the way they’ve incorporated sustainability into their day-to-day life. It moved its entire North American headquarters from suburban Seacaucus, New Jersey to a LEED certified building in Downtown Newark near Penn Station. This was an intentional move to eliminate the need for employees to drive to work and reducing their carbon footprint. The Leadership in Energy and Environmental Design (LEED) is a standard certified and developed by the U.S. Green Building Council (USGBC) focusing on development projects to use resources efficiently and maintain environmental responsibility. Panasonic succeeded in their risky relocation.

When choosing a location for your small to mid size business so many factors come into play. Depending on your sales and factors such as debt to equity ratio, location will make or break your business. If you are feeling the high cost of rent and other operating expenses, look to rent a space you can both live and work from. The business model of Remote Accounting Services is to provide anyone affiliated with my business to work at their convenience and need. All you need is a laptop and WiFi connection. In today’s world channels such as video conferencing, email, conference calls, or face to face interactions allow business to be done anywhere the world. Home offices are tax deductible and can allow business owners to eliminate their work commute. You can also reinvest profits into your business as opposed to a car/insurance payment.

Relocating, especially to LEED certified structures, has spread quickly among big business. Adobe Systems has been regarded as one of the top Eco-friendly IT companies by major media researcher Newsweek. When you operate more than 70 percent of your business in LEED certified buildings, that claim is hard to deny. With several locations in California where droughts have reached historic lows in recent years, Adobe has reduced 60 percent of its water consumption since 2000. It’s incredible to see big business take pride in being Eco-friendly. This trend is not common among corporations but is becoming a widely spread concept.

If relocating your operation is not an option, researching your vendors and business partners’ practices can be Eco-friendly. Focusing on environmentally friendly carriers, raw materials providers, packaging, and various other areas of creating your product and shipping it are a great starting point. Most shipping carriers have state and federal requirements. Seeking the lowest bidder depending size and importance of your cargo is not always the answer. Reading the labeling on raw materials and origin of their location is extremely important. Lawsuits, bad press, and other factors can really put the heat on and end your dream before it is fulfilled.

Founder,

Harry Ortiz

Earn Income Referring Clients Through Residual Rewards!!

Earn Residual Income With Remote Accounting Services By Referring New Clients!

All new business referred to Remote Accounting Services nets the referrer a 25% residual on all services billed. The residual monies are paid at referrer’s preference (ACH, wire, check, PayPal, etc.). Whether it is a one-time transaction or several dozen throughout course of a calendar year; there is no limit to the amount of business you can refer. Referrers have a full calendar year from date of introduction to earn income!

Simple Referral Scenarios That Benefit You

Referring a new tax client – Personal or Business.

Most tax transactions are submitted annually, but can be quarterly.
Fairly easy to engage; simply note any friends/family who have not filed taxes.
Anyone you know or run into who is going to corporate offices (H&R Block).

Referring a new business client – Small to Mid Size.

The residuals on these referrals have higher earning potential.
The larger the business, the bigger your residual checks will be (Strictly one calendar year).

Referring Consulting Projects or Correspondence.

Projects that need to be completed for a business, or personal client.
Projects can last several months or just a few days.
The more specific and complex the need, the more likely the residual earning rises.
Correspondence to IRS letters, prior year tax returns needed to be filed, miscellaneous accounting tasks.

To get more information simply click the Home or Contact pages and input your info with requests. We can also be reached at contact@remoteaccountingservices.co!

Choosing Certified Public Accountant (CPA) vs. Private Sector Accountant

Are you a CPA? A question every accountant is asked throughout their career. CPA’s are a great resource when it comes to government required document preparation, following financial reporting standards, and endless other areas of accounting. Corporations and publicly held companies seek out CPA’s for accounting knowledge in depths that a private accountant is usually inexperienced. It is without question CPA’s on paper are more appealing to contract or hire, but does the CPA license reflect the work to be delivered?

As a private accountant my experiences have varied. One thing that was apparent was CPA’s were not always more advanced on the processing level. When I say processing, I mean assessing the need or task and completing it accurately. Several offices I had been employed at paid high fees for results the in house team completed in a more timely matter, and or even adjusted mistakes made by CPA firms. Mid – Small size business owners find themselves lost with their books and feel a CPA can solve all their problems. The truth is many CPA’s are specialized in a specific area. Audit, compliance, mergers & acquisitions are all examples of areas a CPA should be well versed in. But is this type of need relevant to a mid – small size business?

In my opinion it comes down to the need of the business and the reality of are the costs beneficial to business? I would never discourage anyone in trying a CPA vs. a private accountant. It’s a huge part of business! Seeing what works for you and knowing how to cut ties with what does not makes you a manage/owner. I’ve found private accountants are usually more experienced in the day to day and monthly close processes. This lack of a focal point or routine in one sector allows private accountants to handle accounts payable/receivable, fixed asset management, tax preparations, and several other crucial areas of accounting.

When choosing an accountant make sure that they are right for your business, and are well versed in all that is required of them. Do not find yourself pigeon-holed to opinions of those around you. Owning and running a business in today’s ever changing markets is complex, your accountant(s) should be your most trusted and knowledgeable ally.

Founder,

Harry Ortiz

How We Work

The business model is to allow clients access to an accountant they can work with remotely. “Remotely” simply means the accountant working on their needs is not actually in their office or location. Clients have the option of providing a remote login, which allows the remote accountant to use their current software. Communication and adjustments are continued as often as needed. At completion of tasks billing can be done hourly, per project, monthly, and or annually.This allows for results real-time anywhere there is a wi-fi connection.

The process begins with a consultation to assess the need of the client and then provide a service to complete that objective. Communications through phone, email, and or virtual conferencing are channels engaged to build business relationship. This allows clients flexibility and lowers costs of hiring a part-time or even a full-time employee. A huge benefit to our model is our remote accountants work seven days a week and into even hours. Priority is completing required tasks and meeting deadlines. Such dedication to client service provides comfort and confidence on business. Clients are encouraged to ask as many questions as needed, and press for the results they envision.

Founder,

Harry Ortiz