Blog

How to Unlock Hidden Cash From Your Accounts Receivable

Have you ever wondered why you can’t pay your vendors?  Have you ever taken a good, hard, serious look at your accounts receivable?  Your accounts receivable could be a very good source of cash if properly managed.  Do not let them get old.  The older your accounts receivable get, the harder they are to collect.  […]

The Importance of Accounting and Bookkeeping

During my career, I have come across many companies who simply do not understand the importance of maintaining a good, clean set of books.  These are the companies that are unwilling to spend the money where it is needed most.  The value of a good bookkeeper and/or a solid accounting department is worth their weight […]

Tax Law Changes You Need to Know for 2013

If you are a high-income household making more than $400,000 (single) or $450,000 (married filing joint), your tax bracket will be up to 39.6% from 35%. However, this will not affect your 2012 income tax return. Those in the new high tax bracket will also be subject to a capital gains rate of 20% – […]

We Are Expanding

J Mark Olson CPA Inc is pleased to announce that we have formed an alliance with Lyndon Group (www.Lyndon-Group.com) to better serve our clients.  Together we form a boutique management consulting firm with finance & accounting professionals serving companies in your industry throughout Southern California and beyond. Our practice leaders are Big 4 CPAs or […]

Is Your Company Ready for an Audit?

Now is a good time for companies to prepare for their year-end audits.  However, many companies are unprepared.  Depending upon the company is and it’s complexity, it can take several weeks to months to be prepared for the audit. You should consider the following action items and questions before you start: Start early. Select your […]

Preparing Your Company for an Exit: Controller’s Point of View

The controller of a company serves a very important function. While the controller reports to the Chief Financial Officer or the CEO, much trust is placed with the controller to serve some very critical accounting and finance functions. Most importantly, the controller must ensure that accurate financial statements are prepared on a timely basis. If […]