Scott and Company Advisor
A Message from Our Managing Member Don Mobley
Volume 7 Issue 1, Scott and Company Advisor
We Continue to Press On! We want to take this opportunity to thank our clients, employees, and friends of the firm for a successful 2021, and we’re looking forward to a promising 2022. As the pandemic persists, we stay positive, and we are determined to press on. Our nation continues to recover from the pandemic-induced…
Being Average Is Not For Us
Scott and Company Advisor, Volume 6 Issue 5
We asked our staff why Scott and Company is not your average accounting firm. Click here to find out why being average is not for us!
What You Need to Know About the IRS and Tax Audits
Scott and Company Advisor, Volume 6 Issue 5
The IRS has long been a bogeyman for the American public, and there’s good reason for that. They have the unique ability to do what few other creditors can: taking your home and selling it out from under you. Still, despite its remarkable powers, fear has created mythologies around the agency. People both overestimate and…
The IRS Backlog Is Causing Taxpayer Heartburn
Scott and Company Advisor, Volume 6 Issue 5
Before the COVID-19 pandemic, the IRS was getting refunds out swiftly and responded to calls and correspondence in a reasonable amount of time. However, COVID-19 brought about a perfect storm of delays, initially caused by employees having to stay home because lockdowns prevented processing centers from operating and workers from going to their offices. And…
The Importance of a Well-Oiled Accounting Function
Scott and Company Advisor, Volume 6 Issue 5
Though it’s natural for management to focus on its profit-making areas, the importance of a sound accounting foundation to support the operation cannot be overemphasized. The more diligent and meticulous your accounting team is, the more easily the rest of the organization can function and grow. If the system you currently have in place is…
Scott and Company Advisor Archive
Recent Blog Posts
- The SCALE Method for CECL: A Streamlined Approach to Expected Credit Losses
October 16, 2024 - Avoiding the Scavenger Hunt for Your Estate
October 16, 2024 - Employee Spotlight – Mike Aponte
October 16, 2024 - The Benefits of Starting a Roth IRA for Your Child
October 15, 2024
Crucial Steps You Can Use To Take Control of Your Finances in 2022 and Beyond
Scott and Company Advisor, Volume 7 Issue 1
As the old saying goes, “If you fail to plan, you plan to fail.” Whoever coined that phrase was absolutely talking about finances, whether they realized it or not. According to one recent study, a general lack of financial education costs Americans a collective $415 billion every single year. Not only is the average amount…