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Accountant Miami or Scammers in Miami?

Accountant Miami or Scammers in Miami?

As an Accountant Miami I’m still stunned at the unethical and just plain incompetent work non CPA Firms in Miami provide. We have to bail more people out of trouble with the IRS due to incompetent bookkeeping services in Miami than the Coast Guard has to pluck people from sinking boats. So Accountant Miami style is buyer beware and unfortunately so many people do not know the difference between a bookkeeper, accountant or CPA. (Recent example: Client’s company owed her $1M and she needed to pull $500K. Instead of repaying the loan to herself tax free, her bookkeeper tells her she needs to run it through payroll. That generated a $178K tax liability which almost sank the business. All avoidable)

So the question I pose, do you need an Accountant Miami? At the very least the answer is YES. I highly recommend a Accountant Miami. A Accountant Miami or CPA is a licensed professional who has passed the uniform CPA exam and is bound by the laws of the State and the profession. A regular accountant probably graduated from college but did not take the CPA exam and is not bound by State laws. Bookkeepers usually only have on the job experience limited to paying your bills and creating invoices. Unfortunately, anyone in the State can hang a shingle and get into the business of Tax Preparation Miami style. When the IRS comes calling, they will turn their backs on you and tell you to find a Accountant Miami in Miami to help you fix their mess. There is nothing you can do, except sue them. Good luck with that.

As a small business owner you wear the hat of CEO, Marketing Director, Salesman, Decorator, Stock-person, Secretary, Security Guard, and more times than not, Parent. Throw an incompetent Accountant Miami (or worse a bookkeeper) in the mix and now overwhelmed is an understatement.

So many times this is the scenario I walk into when I meet a new client: Me, Ok. Tell me what you are currently doing to manage your accounting.” Client, “Well, not very much. I take in money and deposit it. I then pay the bills when they come in.” Me, “So basically, if you have money in the account, you are doing well, if not, then not so much.” Client, “Basically, yes.”

If you are in this situation you should not feel bad. If everyone was an Accountant Miami, I wouldn’t have a job. I tell new accounting and or college students all the time, you either love accounting or you hate it.” Very rarely is there anyone in between. For this reason, new business owners should truly seek out an accountant in Miami even at the start up of their company.

Client: “But will an Accountant Miami cost me a fortune? I need every penny I can spare”. Not necessarily I answer. Our Miami Accountants and CPA Firm in Miami charge on a monthly flat fee basis. No surprises on your monthly bill and we put it in writing. To run a successful, growing, and well-balanced business a business should have balanced and well managed books.

Now, when thinking about this you have 3 choices. (1) Do it yourself (2) Hire an accounting in-house (3) Outsource. If you decide to do this yourself, God Bless you because it is extremely time consuming.

Ok so I don’t want or know how to do it myself, so now what? ”

Now you have to decide if you need to hire an Accountant Miami who provides outsourced accounting services in Miami. Yes hire local! Be sure that if you want to hire a CPA Firm in Miami, it will not be costly if you know what you want and help CPA Firm in Miami by keeping good records.

Don’t settle for someone who can handle light bookkeeping because you will NOT be getting the information in a way that it best for you to do all you should. I advise Outsourcing. Not only because that is what I do, but so many times, it is in the best interest of small business owners. I don’t know about you, but when I started my first company, I did not have $40 to $50K to fork out to an accountant. Instead, outsourcing was the way to go. Cheaper, more experience, and no delays due to vacations, sick days, or turn-over.

 

About 

Gustavo A Viera is the managing partner of Gustavo A Viera, PA. His experience spans more than 25 years. He started his career in public accounting at PriceWaterHouseCoopers where reached the level senior audit manager. His Fortune 500 experience includes positions as CFO – Latin America Region for both Hewlett Packard and Telefonica of Spain. Gustavo also writes a blog twice a week that addresses trending accounting and tax issues. He is an SBA Advisor and teaches workshops for aspiring entrepreneurs. His office is located at One Alhambra Plaza Floor PH Coral Gables FL 33134, and is admitted to practice in the State of Florida as a licensed Certified Public Accountant. Gus welcomes questions and he can be reached at 786-250-4450.

About the Author

Gustavo VieraGustavo A Viera is the managing partner of Gustavo A Viera, PA. His experience spans more than 25 years. He started his career in public accounting at PriceWaterHouseCoopers where reached the level senior audit manager. His Fortune 500 experience includes positions as CFO - Latin America Region for both Hewlett Packard and Telefonica of Spain. Gustavo also writes a blog twice a week that addresses trending accounting and tax issues. He is an SBA Advisor and teaches workshops for aspiring entrepreneurs. His office is located at One Alhambra Plaza Floor PH Coral Gables FL 33134, and is admitted to practice in the State of Florida as a licensed Certified Public Accountant. Gus welcomes questions and he can be reached at 786-250-4450.View all posts by Gustavo Viera →

  1. GaryGary10-18-2011

    I am glad a CPA like Mr. Viera has published an article addressing or clarifying a concern that exists in the minds of many business owners. Some business persons never bother to hire a CPA for their business and as a result, don’t receive any of the advantages and consultations one gets from a qualified accountant. One reason people are worried about entrusting their financial books to another person is because of all the cautionary tales you hear of in the news about how a financial manager misappropriated or embezzled funds from a wealthy client. Often these reports are about a famous celebrity who fell victim to a shady person who was entrusted with managing their finances. Without at least some basic knowledge, reports like these can easily make anyone wary about hiring someone to handle their accounting.

    • CathyCathy10-28-2011

      If time is money you’ve made me a wleathier woman.

  2. Jonathan KlingJonathan Kling10-18-2011

    Great post although way to late for me. I too got some bad advice and lost my business

  3. Zoe deLucaZoe deLuca10-18-2011

    I was not aware of the major differences between an CPA and an accountant. Thanks

    • DollyDolly10-27-2011

      Home run! Great slugging with that ansewr!

  4. JamesJames10-19-2011

    I hear what your saying. I’m now going though a situation where my account did not know what they were doing. Now my new account is cleaning up their mess. All my corporation filings where wrong.

  5. KurtKurt10-19-2011

    I was reading about these Accountant Miami services in another blog and I thought to my self this very same thing, how do you know you can trust them to do the job right? I am glad to see that you at least you put it in writing. I also agree with outsourcing because as you said you don’t have to worry about vacations, sick days, or pay for health insurance and 401K’s. It is an all around good idea simply because of the overhead costs. Accounting can be a very costly issue if it isn’t handle properly, great post with a lot of good advice about being careful who you choose to do your accounting.

    • YancyYancy10-28-2011

      Your articles are for when it absolutely, posiitelvy, needs to be understood overnight.

  6. TeresaTeresa10-21-2011

    I understand the frustration of having to clean up someone else’s mess believe me. I went to work for a construction company that had an offsite CPA doing their taxes etc. for them and the office manager that I replaced was supposed to keep everything in order so it would be easy to send to the CPA. Well none of this was done and I had to go back and re-create six years worth of accounting off of receipts, tax statements, and hand written ledgers in the company owner’s checkbook. Having a qualified accountant on site at your business is the best way to go and if you have that it makes it very difficult to scam you.

    • ArmenaArmena10-28-2011

      Thanky Thanky for all this good ifonrmaiton!

  7. LizaLiza10-28-2011

    Glad I’ve finally found smoetihng I agree with!

  8. JesusJesus11-01-2011

    I can only imagine that it must be quite challenging to be a professional who handles other people’s money, particularly in Miami, which is known as the scam capital of the United States. It is actually the cities within Broward county which are considered the scam capitals because it is there that most telemarketing companies set up shop. And after the real estate bubble burst and some of the leading hedge fund companies were caught with their hand in the cookie jar, it cause people, mainly small business owners, to grow wary about professionals in the financial field. I commend the author on his willingness to be transparent.

  9. LeonaLeona11-01-2011

    I agree that any small or large business needs a CPA rather then just an accountant. A CPA does so much more for the company. I do also agree that embezzlement is a true concern so you need to do a lot of research and find a CPA you can trust, if you can talk them into working solely for you than you are one heck of a salesman, but if you can even talk them into working for you part time at your facility so that none of your books leave the premises then that would be a great way to do it as well. Your blog has been very informative and I think there is a lot to learn from it, great job. Please post any other helpful hints you may have.

  10. JasonJason11-02-2011

    I appreciate the fact that someone took the time to make people aware of the things that can happen with accounting mess ups. There are a lot of things we have to watch out for and be careful of these days and now we have added to that list. Thank you for taking the time to put this information together and sharing it with everybody, it helps to be aware all the time.

  11. D BarryD Barry11-02-2011

    If you are moving around large sums of money like the $500K mentioned above, why are you not using a CPA? A perfect example of how you need to outsource certain parts of your business to experts.

  12. Edmond MezaEdmond Meza11-03-2011

    Its like you read my mind! You appear to know so much about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a little bit, but instead of that, this is magnificent blog. A great read. I will certainly be back.

  13. JeanetteJeanette11-03-2011

    I know first hand how important help with the accounting functions of a small business is important. Fortunately we went with a licensed CPA. I really didn’t know there was such a liability issue difference between a CPA’s obligations and a fly by night outfit. Thanks for the heads up.

  14. MadelineMadeline11-06-2011

    Thank you for pointing out that there are fly by night scammers out there that will gladly take your money, mess up your accounting for your business and then leave town. Make sure that you hire a reputable accounting firm that has been around a while and preferably one that has been used by a friend of your for awhile. You have shown just how much you know about this subject and I appreciate the heads up for the consequences of not doing your accounting right and not hiring a licensed CPA firm.

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