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Aaron Blau, EA, CPA

About Aaron Blau, EA, CPA

Aaron is a native to Tempe, Arizona. Aaron followed his father’s footsteps and fell in love with accounting and the study of taxation. Graduating from Arizona State University with a Bachelor of Science in Business Management with emphases on Small Business and Entrepreneurship (Class of 2001), he uses his education to help small business owners better understand their financial and tax picture. Aaron is one of the youngest applicants to pass the Special Enrollment exam, administered by the U.S. Treasury Department, and received his license to practice as a Certified Public Accountant in the state of Arizona. Aaron, having completed a three year course of study, is also a Fellow of the prestigious National Tax Practice Institute.

Lender Letters

Several lenders are again asking for CPA involvement in the loan approval process.  Please be advised that there is a fee involved for this non-tax related service. The AICPA prohibits any forward-looking statement related to the use of funds and its affect on a small business's ability to continue as a going concern.  Any information included in a letter prepared by this office will be to confirm that a return was in fact prepared from this office or to confirm publicly available information (i.e. incorporation date & location, shareholder name) If you are in need of a lender letter for a [...]

2019-06-24T11:23:56-07:00June 20th, 2019|Our Office|Comments Off on Lender Letters

Effects of Tax Cuts and Jobs Act

The Congressional Research Service, a division of the Library of Congress, has released a preliminary report detailing the effects of the 2017 Tax Cuts and Jobs Act, which lowered marginal tax rates and made other modifications to the tax code for the 2018 tax year and beyond. The service reports that there was no discernible change in federal gross domestic product (GDP) and that "the growth effects tend to show a relatively small (if any) first-year effect on the economy." Neither GDP nor wages saw a statistically significant change. The Congressional Budget Office initially estimated that total revenues would fall [...]

2019-06-24T11:22:31-07:00May 22nd, 2019|Business Tax, Personal Tax|Comments Off on Effects of Tax Cuts and Jobs Act

Interest on Home Equity Loans Often Still Deductible Under New Law

IR-2018-32, Feb. 21, 2018 WASHINGTON — The Internal Revenue Service today advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans. Responding to many questions received from taxpayers and tax professionals, the IRS said that despite newly-enacted restrictions on home mortgages, taxpayers can often still deduct interest on a home equity loan, home equity line of credit (HELOC) or second mortgage, regardless of how the loan is labelled. The Tax Cuts and Jobs Act of 2017, enacted Dec. 22, suspends from 2018 until 2026 the deduction for interest paid on home equity [...]

2018-03-03T12:11:05-07:00March 3rd, 2018|Personal Tax|Comments Off on Interest on Home Equity Loans Often Still Deductible Under New Law

Case Study: Using Financial Forecasts to Drive Growth and Profitability

Client Nicole and John McGee started Busy Bee’s Cleaning Service five years ago. The business services homes, offices, schools and corporate clients. Problem While Busy Bee is a terrific business with strong revenue, it could not turn a profit. After deciding to end a large labor hire contract and losing more than 60 team members, Nicole and John were unsure how the business was going to survive and were desperate for professional advice. Solution Nicole and John contacted their Accountant. They needed urgent advice and help to update their business plan and financial forecasting. The Accountant assisted them to reassess [...]

2018-03-03T11:55:20-07:00March 3rd, 2018|Business Advisory|Comments Off on Case Study: Using Financial Forecasts to Drive Growth and Profitability

Advantages of Business Forecasting

Financial forecasts assist in managing your finances. They are future predictions of your business finances, as compared to statements, which provide details of actual results of progress. The following are five ways forecasting can help your business: Focus on the Future By forecasting on a regular basis, it forces you to continually think about your future and where your business is headed. This will allow you to foresee changing market trends and stay ahead of your competition. Customer Satisfaction Keep your customers satisfied by providing them with the product they want, when they want it. The advantage of forecasting in [...]

2018-03-03T11:54:57-07:00March 3rd, 2018|Business Advisory|Comments Off on Advantages of Business Forecasting

Case Study: Build An Online Community To Grow Your Small Business

Client When Susan Blanchett was told she no longer had a job, she decided to start her own business making and selling macaroons from home.  Requests from friends turned into orders, orders turned into an online business:  Macaroons4U.  Within six months, she was taking so many orders, she decided to open her first store with her partner, Neil. Problem Susan and Neil had limited funding.  They could not afford an expensive professional marketing plan.  They knew that social media and developing a loyal online community would be key to their success.  Susan enthusiastically created a Facebook page and boosted some [...]

2018-02-05T09:00:53-07:00February 5th, 2018|Business Advisory|Comments Off on Case Study: Build An Online Community To Grow Your Small Business

Stand Out With Your Brand And Presentation

“The most Beloved Brands are either different, better or cheaper. Or else, not around for very long.” Firm Branding Branding your business is important.  It helps customers and prospects identify with your business.  Consistent use of your logo and presentation of materials is critical to building that recognition. Also consider your business name.  What message is that sending to customers and prospects about the type of work you can do for them? Firm Presentation The following six (6) simple tips can be easily implemented to make your business stand out in the marketplace: Signage: Your signage and the way your [...]

2018-02-05T08:58:33-07:00February 5th, 2018|Business Advisory|Comments Off on Stand Out With Your Brand And Presentation

Case Study: Partner With Your Accountant To Improve Your Business

Client INNOVAT is a graphic design studio.  The business employs 20 talented people and is the brainchild of entrepreneur and owner, Richard Brown.   Problem The business had a relationship with an Accountant but Richard wanted a fresh start.  He approached a new Accountant to take on their work.  The initial brief to the Accountant was to assist the business with a review of their systems and processes.  In a nutshell, Richard felt they were inefficient.  His team worked very hard but he wanted them to start working smart.  The measurable outcome Richard wanted was an improvement in billable hours for [...]

2018-01-05T09:00:48-07:00January 5th, 2018|Business Advisory|Comments Off on Case Study: Partner With Your Accountant To Improve Your Business
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