Wednesday, 17 December 2008

  • Tax Assistance

    Tax Assistance



    Asheville, North Carolina CPA, Paul L. Erickson, P.O. Box 455, Skyland, NC  28776, (828) 684-7884 announced the opening of his tax return preparation and accounting  office.  Erickson is focusing his efforts on both individual tax return preparation and business tax  return preparation and helping those forming new businesses to get their accounting systems  established from the beginning to allow the new business owner to always know where he standsfrom a financial and operations perspective.



    Paul Erickson points out, there is an old adage: lack of success is not because people plan to fail  but because they fail to plan.  Too many business fail  and our difficult economic circumstances  are causing more businesses than ever to fail.  One key reason is that business owners often lose  sight of the part of the business they are good at doing as they start spending their time doing  work they never wanted or intended to do.  One such area is bookkeeping, accounting and tax  return preparation. Business owners may be able to do their company's bookkeeping, accounting  and tax returns, just as they might be able to change the oil in their car.  However, their time  would be far better spent working in their area of expertise - the area in which they generate themost income per hour for themselves and their families -- if they want to succeed.



    He reminds his clients their time is a precious resource.  He points out how we have all felt there  is not enough time to get everything done.  If they had a Chief Financial Officer (CFO) who took  care of their taxes, accounting and bookkeeping, they would have significantly more time to do  what they are good at doing and what they have a passion to do.  They will then have the ability  to pursue it with a far greater level of certainty since they will be proceeding with the comfort of  knowing that both they and their CFO are confident their forward planning will produce excellent  returns.  Undoubtedly they were concerned that a CFO would cost $50,000-$100,000+ a year.  Paul Erickson has offered his services at a small fraction of what it would cost them if they hired  a full time CFO.  Retaining Paul L. Erickson's services could be the most valuable and mostcomforting business decision they will ever make.



    Through no longer practicng law, with his more than 25 years as a CPA and attorney, he achieved extensive experience  working with businesses of all size and disciplines.  Before moving to Asheville, he worked for  five years as General Counsel and Vice President of Finance (which included the function as  CFO) for Erickson Retirement Communities, Inc., one of the nation's largest developers and  managers of retirement communities.  He will bring that type of experience to the table as he and  his clients look for tax advantages and financial instruments that are particularly suited to their  business or that they might not be taking full advantage of. Plus, he will use his expertise to help  get his client's accounting and bookkeeping systems better established with today's very efficient  and helpful software systems. Paul Erickson will help them on a monthly basis to make sure their  financial house remains in good order so they can focus on the current and new businessopportunities they can make the most of.



    When ask how he can afford to offer his services as such a low rate, he informs clients that in  converting his business from law to accounting, bookkeeping and tax services, he was able to cut  his overhead by thousands of dollars a month and will pass those savings on to his clients.  In  accounting and taxation, with a relatively small investment of time, one can get the accounting  systems set up, train the clients or their staff how to use them to prepare invoices and issuechecks which are functions clients will need to do.



    Erickson says it was a difficult to close his law practice in Western, North Carolina because there  is no one left that has the expertise and willingness to help the families with disabled children  whose causes he has championed for the past 15 years. Paul Erickson fought against incredible  odds to help those families and won some substantial victories for some families.  See:   http://www.wrightslaw.com/law/caselaw/2003/4th.G.fortbragg.lovaas.pdf   South Carolina has now passed legislation to require coverage for autism in health insurance  policies.  Mr. Erickson attributes that to South Carolina's progressive ideology and itswillingness to pass legislation of which he was instrumental in getting passed some 10 years ago.



    Erickson had hoped favorable decisions like the Fort Bragg decision would have helped families  with special needs.  While South Carolina took positive steps forward, his home state's (North  Carolina) reaction was negative.  As he fought to obtain proper services for children with autism  in North Carolina, its General Assembly repealed its maximization standard and replaced it with  a minimum standard against which its schools could hardly be challenged for providing  inappropriate educational programs for its children with special needs.  Erickson's view:  Apparently the state prefers the pounds of cure over the ounce of prevention.  Neither logic nor  accountability will prevail against that philosophy.  In other words, his success caused NorthCarolina to move backwards, not forwards.



    By shifting his business to taxation and accounting, Paul L. Erickson now looks forward to his  clients achieving success and working towards financial security.  Because that will ultimately  generate more tax revenue for the state, he is confident he will not run up against state opposition  in helping his tax and accounting clients.



    For clients who still seek legal services, he suggest they purchase a Pre-Paid Legal family  membership at his web site www.prepaidlegal.com/go/paulerickson.  That membership includes  the preparation of their wills, unlimited legal consultation on any legal matter, representation in  court if they have a moving traffic violation, a schedule of hours of free legal defense for when  they get sued, demand letters, 25% discount for matters not fully covered, 24 hour emergency  legal services and they can obtain the Identity Theft Shield to protect themselves against the  fastest growing crime in the US.  All of that can be purchased for under $27/month.  .
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    Tags:paul,erickson,law,lawyer,attorney,atty,bar,cpa,accounting,tax,taxation,nc,north,carolina,asheville,legal,taxes,bookkeeping,identity,protection


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