We have found that there are many CPA firms that are not offering the same level of service as our firm does. If you have friends or clients that you know are not receiving the same level of service from their CPA’s, then please let them know about us and tell us about them. We could contact them right away and get them taken care of. We are taking on new clients and trying to help people get through these difficult economic times.

Thank you so much for your trust and loyalty to us. Many of you have seen many changes in the firm. We recently conducted our own client survey and found that our client satisfaction has never been higher. Thank you for your valuable feedback. We are trying to build the perfect company. We may not be there yet, but with your support and feedback we can get that much closer to it. We look forward to continuing to assist you with your business needs.

For any business and any individual, cash flow is what can make or break you in the event of a financial emergency. Keeping your credit score high is very important because without that, you will not have the ability to get loans and it will make any financial situation much more challenging and painful because your cost to borrow will increase.

Take the time now to look closely at your debt. If you have set yourself up with high loan payments so that you can pay of your debt faster, then now may be the time to look at that strategy more closely. If you see potential that you may lose an income stream in the near future, then make sure you have cash reserves and that your loan payments are as low as possible. In other words, if you are in potential danger of losing your job and you have 15 years of mortgage left to pay on your house, you may want to refinance your mortgage over 30 years again and this will lower your monthly payment. If you lose your job, then it will be easier to last longer with a lower monthly payment. If you don't lose your job, you can continue to make the higher monthly payments that you were making on the 15 year loan and still pay it off in 15 years, but you are giving yourself a choice. The key here is to make sure that the new loan has no prepayment penalties.

Also we are recommending that you take this opportunity now to lock in any interest rates that you can. The amount of money being printed by our Federal government is eventually going to cause inflation and when that hits, your adjustable interest rates are going to go up. Interest rates have never been lower than they are right now and they probably will never be lower again. Lock them in.

As of the date of this newsletter, the economy in Central Florida according to our clients is doing poorly. Poorly is not to be confused with disastrous. The media may tell you that it is a disaster out there, but it is not yet. The future is certainly uncertain, but we are finding that across the board our business clients revenues are down by 20% to 30% overall. Even though this is very painful, things could be worse. We certainly hope that they do not get worse. We are finding most of our clients are cutting their expenses and trying to hang on to their good people as long as possible. We are in constant contact with many. We are giving advice on where to strategically cut without sacrificing customer service.

As the economy is changing on a daily basis, many of our clients are struggling. We understand the struggles our clients are facing as we have felt them within our own firm. In order to deal with the economic changes, we have been analyzing our books and looking at areas where we can improve our cash flow and bottom line. We would like to extend this opportunity to you as well. If you are feeling the effects of the economy, please contact us and we will assist you with your analysis to help you through these times.