Sterck Enfield O'Neill accounting group, inc.
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 The Accounting Educator . from Your Financial Success Advisors 
July 2003, Number 2 
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Greetings,

You need understandable financial reports to know your business' strengths and where special attention is needed.

This newsletter offers suggestions for accounting software, tips on sales and promotion, and ideas for maximizing the tax deductions for caring for elderly parents.

In this issue...
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  • Is Your Accounting Software Doing Its Job?
  • Dealmaking Basics
  • Promote Your Business with Low-Cost Tools
  • Let Tax Laws Help You Care for Elderly Family Members
  • Is Your Accountant or CPA Worth Your Money?

  • Dealmaking Basics
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    Sales negotiation and closing techniques are essential to your business' success.

    You want more customers who feel they are being treated well as they ask you to provide goods and services at a reasonable profit.

    Contacting, approaching, and negotiating are three interdependent parts of this task, according to Anthony Parinello, the author of the bestselling book "Selling to VITO, the Very Important Top Officer".

    Read his quick principles on "top-down" negotiating.

    Learn More about Dealmaking... »

    Promote Your Business with Low-Cost Tools
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    Simply put, "public relations" is the relationship your business has with future clients, current customers, potential clients, and other members of your community.

    "The relationship you create with these people will have a profound effect on the future of your business," says Catherine A. Reilly of Business Start- Ups magazine. "The function of PR is to publicize your company to these people, and to create a positive image of your business which will translate into sales dollars. No one will know that your company exists if you don't tell them, but you must tell them in a systematic, planned manner."

    There are many tools you can use to remind the world of your business. Read about effective steps to take that do not involve great expense.

    Check out low-cost promotion ideas... »

    Let Tax Laws Help You Care for Elderly Family Members
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    Your financial costs of caring for elderly relatives can often be offset by tax savings when you properly handle the exemption deduction, filing status, medical payments, and nursing home costs.

    If you can legitimately claim your relative as a dependent, your tax bill will normally be lower!

    With proper planning you can even make sure that the member of your family who will receive the most tax savings earns the deductions.

    Read the article in the link below for additional pointers, and contact Sterck Enfield O'Neill if you would like information on your individual situation.

    The 5 tests for claiming a dependent and more details ... »

    Is Your Accountant or CPA Worth Your Money?
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    Are you satisfied with your current accountant or CPA? Do they provide you with the level of service, competence, and benefits you deserve? If not, your choice of CPA may be impacting your potential growth and success

    To help you understand what your CPA should provide, click on the logo to immediately download your FREE assessment tool THE PROFESSIONAL ACCOUNTANT'S $CORECARD which specifically outlines the skills, credentials, competence, and benefits every professional and business owner should demand from their CPA.

    More on this topic »

    Is Your Accounting Software Doing Its Job?
    "What you can measure, you can manage" is a mantra we chant with our clients. For many of them QuickBooks provides a solid financial measurement structure which puts information in their hands in a familiar format.

    You can send your QuickBooks data to us -- or we can look at it on the web if you're using QuickBooks on-line -- and we can help you understand your business in a rapid, efficient manner.

    If you have more complex needs we can also help you with MAS90 and other accounting software suites.
    Click on the links below for general information on how QuickBooks can help your business, or contact Sterck Enfield O'Neill for answers to your questions.

    -- Ken Mierow, Accountant

    More Information on How QuickBooks Helps ...

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