I just want to make a few things clear before I start: I expected to lose money.
Case Study Case Study Although every business is unique to a certain extent, they all still face many of the same challenges. The following case study illustrates how one local small business overcame some of those challenges with the help of the Benjamin H Johnson CPA firm.
We hope that if you find yourself in a position similar to the business described below, you will allow us to help you as well. Background Martin Monument Company is a business based in Lunenburg County that creates personalized cemetery monuments and public, church, and business stone products for customers in Virginia, North Carolina, and Maryland.
Originally started in by Charles and Lottie Martin, the business is now operated by their son Ken and his wife Jane. The company prides itself on delivering a high quality of workmanship at an affordable price, and that commitment to excellence has allowed their business to grow steadily over the years.
The Problem Due to the expansion of their customer base, Ken and Jane were experiencing some growing pains. They contacted the Benjamin H. Johnson CPA firm for assistance. The Solution Ken and Jane began by doing a consultation with Ben so he could learn everything he needed to know about their business.
In addition to accounting, the software would also allow the company to print vendor and payroll checks. The software generates monthly financial reports for the business and is expandable as the business continues to grow. In addition to setting up an accounting system for the business, Ben recommended that the business reorganize as a S-corporation instead of a sole proprietorship, both to protect the personal assets of the Martins and to take advantage of certain tax benefits available to that type of legal business entity.
Ben helped the Martins plan the changeover, and the new entity was formed on January 1st of The financial statements generated by the system will help them with quarterly tax planning and will also allow them to apply for a line of credit if needed. Common Bookkeeping Mistakes Testimonials Ben is easy to get in touch with, and if I need anything his office will email it right to me.
He comes here to our office every year and sits down with me and goes over everything until all my questions are answered. He is great at explaining technical subjects such as tax issues specific to the timber industry in plain and simple language that I can understand.
He always returns a calls promptly, and has the information we wanted.
Also, whenever we have meetings with him, he is very thorough. He tells us about what we need to do in terms that we understand.
Jeff Jefferies, Shed Auto Parts We are always able to reach Ben when we have a problem, and he will walk us through the problem and give us instruction on how to resolve it.
He is very good about giving us advice about how to handle different aspects of our company. Chuck Alvis, Home Health Inc. I think Ben Johnson is very professional, and he conducts himself well.
I love his service, and his staff is very good--if I have any questions at all, I just call them and I get an answer. He takes his work to heart. The time that I spend with him is extremely productive; also he is very fair with regards to billing.
Ellen Wooton, Agribusiness Owner.The Centre for Policy on Ageing is an independent, UK based, research organisation aiming to formulate and promote social policies which will allow all older people to achieve the full potential of their later years. CPA promotes informed debate about issues affecting older age groups, stimulates awareness of the needs of older people and encourages good practice.
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