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Archive for December, 2008

2009 Expenses - A Telecom Audit Can Save Money

December 31st, 2008 | Category: , , , , ,

Starting 2009 off right should include a review of expenses which are normally taken for granted as a necessary evil. One of the biggest leaks in revenue for business comes from unaudited telecommunications invoices. Most medium size and larger companies are overwhelmed by the sheer number of pages in the monthly telecom invoices. We call that the ‘weigh and pay it’ syndrome. If it weighs about the same as it did last month then it must be accurate and so pay it without question. However history has shown that telecom bills, up to 80% of the time, have errors that go undetected month after month. These errors occur due to order processors keying mistakes, failure to update customer service records when equipment is moved or services are connected or disconnected, over-payments or duplicate payments and a number of other reasons.

Tightly managing operating costs and looking for new ways to reduce expenses in this tumultuous economic environment is a challenge for all businesses regardless of size. Organizations with larger telecom spending are more likely to either have undetected errors or are overpaying for services and sometimes both. The most often overlooked opportunity for cost-cutting in business is telecom expense reduction, associated with infrastructure and service invoices. Most financial officers and budget managers believe their current invoices are correct, and that the pricing cannot be negotiated during the life of the contract.

Many organizations believe they have this expense under control but realistically, considering the complexity of today’s telecom industry and your communications infrastructure, internal Office Administrators and IT Managers may not have the expertise or the time to thoroughly review these items to ensure your billing is optimized. Raise your hand if your IT Manager is already overloaded with day-t Read more

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Business Accountants Are Not Just Number Crunchers!

December 29th, 2008 | Category: , , , , ,

Because of their importance to business owners for their insights into virtually everything financial, accountants are no longer considered solely someone who oversees the bookkeeping. Most enlightened business owners consider their accountant’s opinions on everything from tax issues, to financial planning, to their ultimate objective of total business and personal asset protection.

If your business accountant sees themselves as simply a tax adviser, someone immersed in the traditional technical accounting roles usually attached to their profession, that’s fine for them, and for you too as long as they are conversant in issues more typically referred to a tax planning for the future and if they are part of a network of business accountants who offer these other vital services.

Business accountants, whether they specialize in tax preparation, tax controversy, or tax law - can not know everything you need them to know in order to provide you with the range of services required of a growing evolving business. The business accountants whose broad based education and experience allows them to understand when there are issues that are outside their areas of expertise, in other words they know what they don’t know, and who are not so propriety in nature that they will let their clients suffer rather than referring them to a specialist - are the preferred professional for you on several levels.

For example if your accountant realizes that, through their questions and their understanding of you and your business, that your bookkeeping system needs upgrading - and they are willing to recommend a bookkeeping, your business is the beneficiary. Their reputation is at stake when the recommend the bookkeeping firm, so they will choose carefully on your behalf. And since the bookkeeping firm wants the business to keep coming in from several busines Read more

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Archive for December, 2008

2009 Expenses - A Telecom Audit Can Save Money

Business Accountants Are Not Just Number Crunchers!

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