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Know-how you need to succeed
Accounting For Insurance
Before you hire a CPA, protect yourself and
your business by making sure the accountant
carries professional liability insurance.
“It’s similar to malpractice insurance carried
by physicians,” explains Angela Y. Frazier, a
CPA in Dallas, Texas. “The insurance coverage
is provided for errors or omissions in the
performance of professional accounting
services. So if you as a client incur a loss
due to an error made by your accountant, you
can potentially recover a portion of your
loss.”
Smart Leasing
Don’t assume that just because you’re renewing
an existing office lease you can’t get a
better deal. Before you renew the lease,
investigate the market in your area. Space
availability varies from neighborhood to
neighborhood and changes from year to year.
You need to find out if your space is in a
market that has grown stronger or weaker over
the term of your lease. Talk to real estate
brokers, consult Web sites or check with the
local chamber of commerce to find out what’s
happening with office space in your area. In
general, if a market area shows more than a 7
percent vacancy rate, that puts tenants in the
power position of being able to negotiate
better lease agreements. |
