Many businesses tend to consider their finance seat as an afterthought, or even as an annoyance. In this webinar, learn how to get on top of your finances and fill the gaps that may be stifling the growth potential of your business, as presented by Allan E. Bayer, William Mattila, and Dianne Shimakura of Glenn B. Hetzel & Associates, CPAs.

In this webinar, you will learn: 

  • The four financial basics every business should understand
  • How to clean up your existing financial systems
  • The proper record-keeping methods for capturing expenses and income to minimize your tax burden
  • The biggest tax advantages of each type of business (LLC, S-Corp, C-Corp)
  • How to clean up and organize your financial software for better clarity and reporting
  • Why a contract CFO may be the missing link

Resource Downloads:

Accounting Checklist –

Webinar Presentation Slide Deck ––H/view?usp=sharing

In this webinar we discuss:

03:18 What to expect from the webinar

04:27 Business foundations services: the four-step proven process

05:31 How to clean up your existing financial systems

07:18 Monthly account checklist

08:19 Run month-end reports

11:45 Keeping accurate records moving forward

15:57 When to incorporate and top considerations for each business type

23:05 Why you need to hire a lawyer when setting up your business

25:26 Common mistakes when starting up

26:10 Payroll requirements for independent contractors and employees

31:09 The home office deduction and lowering audit risk

32:02 Why 90% of businesses fail

33:21 Why your finances are not reflecting your work ethic

37:15 Gaining outsider knowledge with a contract CFO to pinpoint what your firm is lacking

41:15 Next steps

41:58 Q&A: About the qualified business income (QBI) deduction

43:31 “Can a realtor in California have an LLC?”

45:36 “How random are IRS audits and what should we do to minimize our risk of being audited?”

49:51 “When is it too late to elect to be treated as an S-Corp with the IRS if we originally elected to be an LLC?”

50:15 “Are there any downsides to filing for tax exemptions?”

51:34 “Where do you typically find the most waste when it comes to business finances?”

54:03 “Can a non-business owner work with a CPA to set up an entity for the tax advantages?”


  • If people like you, they’ll listen to you; but if they trust you, they’ll do business with you.
  • CPA: Compare, Prepare, Analyze
  • If you’re being proactive, you can leverage a lot of the benefits behind the tax code.
  • You want to run your business like you’re going to sell it.

Resources Mentioned