Like many owners of small business, our founder, Tom Abrassart, began the firm to escape the limitations of being part of a large firm and to have control over his financial independence. And he was successful. And the firm grew. And the firm was successful. But at a cost. Our founder, and most of the staff, ended up working very long hours under the pressure of unrelenting and immovable recurring deadlines at great personal sacrifice.
Several years back, Tom and one of the staff attended a conference sponsored by our primary accounting software vendors. A speaker at that conference introduced us to an alternative business model, the BOSS model, that would radically improve our efficiency, allow us to better serve our clients, grow our practice AND, get this…have a life! The experience was transformative. You mean we could actually take all of our knowledge and experience, tweak a few processes and procedures, and actually be able to offer clients the services for which we were formally trained (i.e. interpreting key financial data and advising clients as a trusted financial advisor)? Plus, we could do it in real time, collaboratively in a highly available, secure environment? You betcha!
Today, the new business model and all its carefully built technological components are in place and we’ve been busy taking on new clients and transitioning current ones over to the new model. And who was the first client? We were, of course! We thoroughly tested most components of our platform on ourselves. To this day, we continue to extend, enhance and refine our platform to better collaborate with our clients.
Why do we care so much and what’s in it for you? Well, it’s pretty simple. We believe that owners of small business are the bedrock of our national economy and that most owners and entrepreneurs don’t actually have businesses…they have jobs with equity. That’s not necessarily a bad thing. You just need to understand where you are and where you’re heading and ensure that lines up with where you want to go.
That’s why we do what we do and why we spend so much time building relationships and teams of financial advisors, business consultants, attorneys, and other professionals that we can call on at appropriate points in your business development to maximize your opportunity for success.
We own a small business just like you. We get it. Period.
BOSS is the answer to your back office headaches. Our cloud-based solution enables you to hand complex accounting tasks over to us. We work the numbers while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.
In hiring LongwoodCPA, I was seeking guidance, not only for the filing of my tax returns, but to gain information and knowledge to assist me in making the financial and tax decisions... - Raymond P. Kloepper II, MD read more
As a result of our firm’s relationship with LongwoodCPA, I have spent way, way less time worrying about and sifting through my firm’s books... - Ted Rich, Principal read more
The staff at LongwoodCPA focuses on their areas of expertise and is always willing to refer us to another, often non-accounting related, resource to achieve our goals... - Patrick Buchanan, CFP, ChFC, CLU, President read more
What do accountants do with themselves after tax season? Actually, the same thing they do during busy season: They work hard for their clients. The only difference is that instead of cranking out tax returns, they help clients work through other aspects of their financial health—including issues revealed during the yearly tax return process.
Spend it? Save it? Invest it? Share it? Here are a few ideas for putting your tax refund to work for you:
Most professions have their own lingo, and accounting is no different. What is different is that you have a vested interest in understanding what your accountant tells you about your financial situation. So, here’s a quick primer on common accounting terms—some business-related, some general—to keep you in the know: