AlberttheCPA | Accounting, Tax Strategy & Fractional CFO for Small Business Owners
I'm Albert C. Hurston Jr., CPA, CEO of Right Choice Accounting a.k.a. the financial partner your current accountant hopes you never find!
This channel is for small business owners who are serious about understanding their numbers, building real profit, and keeping more of what they earn instead of handing it to the IRS & having fun while doing it!
Right Choice was built specifically for practices, agencies, and firms - Attorneys, consultants, therapists, & other professional services providers... but the gems are for everyone.
Here's what you'll find š
š Accounting basics that actually apply to you
š° Real tax planning ā not generic tax tips
š Fractional CFO thinking for businesses that are scaling
š„ Plain English. "No sounding smart"
We've been doing this for over 7 years. The results - Forbes and others - speak for themselves.
Subscribe. The info is free. The results are priceless.
AlbertTheCPA
When accounting is done the right way, It should look like life is done the right wayā¦
Life is really just a combination of trying new things, learning new things, figuring out what works, and figuring out what doesnāt work⦠Then, eventually, we figure out what combination of things work for us to have a successful lifeā¦
We approach accounting & business just like thatā¦
The lessons & results are just communicated by the numbersā¦
Then, eventually, we figure out what combination of things work for us to have a successful businessā¦
Itās just that simpleā¦
What do you think?
2 years ago | [YT] | 1
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AlbertTheCPA
Hereās why Warren Buffet says, 'Accounting is the Language of Business'⦠š¤
In other words - Everything related to business performance is communicated by the numbers⦠Think about it⦠Revenue⦠Sales⦠Expenses⦠R.O.I⦠Cash⦠Equity⦠These are all of the key things youād discuss when discussing your business success⦠They also happen to be key accounting termsā¦
In other words - Understanding your numbers literally means understanding your business performance...
Do I need to go further on why understanding your businessās performance is important? š
P.S. This is also a reminder to make sure you know all these things about your business!
P.S. If you donāt have this covered ā May I suggest the Right Choice?
Ready to take your business to the next level? Contact us today and let's discuss how we can help you master your business's financial language and achieve greater success! š
2 years ago | [YT] | 0
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AlbertTheCPA
I left my cushy corporate 6 figure career! š¤Æ
It was notā¦
1ļøā£ To āget paid more to work less.ā
2ļøā£ For the ego boost of being the āboss.ā
I was (and am) looking to make REAL impact.
I want to impact the small business world by ensuring small business owners can access amazing accounting and tax services that will help them scale. š
I want to impact the accounting & tax world by helping to increase the number of black CPAs & by proving that accounting & tax does not have to be āstuffy & boring.ā šŖš¾
A big part of what makes us the Right Choice is the fact that weāre doing it for the Right reasons⦠š¤
What motivated you to ātake the leapā and embrace entrepreneurship?
2 years ago | [YT] | 1
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AlbertTheCPA
For MOST coaches, consultants, and professional service providers there is an expense, profit, and tax mix that weāve seen that works the bestā¦
If youāve ever been around me discussing big picture business, youāll probably hear a lot about tax savings, data-driven decisions, understanding your business by the numbers, and several analogies about all of it⦠š
One of the common things I talk about in real life that I donāt discuss a lot online is what I call the 70/20/10 ruleā¦
If you spend 70% of your income on operational expenses, that leaves 20% to reinvest into the business (Ex. Assets), and 10% to set aside for taxesā¦
Itās SUPER generic, but if you donāt have a team like Right Choice who can really get your percentages dialed in based on what youāre doing specificallyā¦
Connecting with me is a great place to startā¦
Click the link on my profile to schedule a call TODAY!
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#FractionalCFO
#CFOservices
#FinancialStrategy
#BusinessFinance
#FinancialManagement
2 years ago | [YT] | 1
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AlbertTheCPA
Most coaches and consultants view Accounting & Finance as only bookkeeping and tax.
Their accounting system consists only of categorized transactions, basic reports, and paying taxes every year.
This is the real reason they donāt really know whatās going on in their business. They have no idea if they areā¦
āļø Paying too much in taxes.
āļø Overspending on āshinyā objects.
āļø Underspending on the important stuff.
āļø If they are growing or shrinking.
I hate to be the bearer of bad news, but by not knowing these things... You donāt know your business⦠That means you really donāt know if your business will be around this time next yearā¦
The point -> Your accounting is way more than bookkeeping, write-offs, and switching to S-Corps⦠It literally is the key to clear business success!
šš½Hey... Whatās up? My name is Albert & my partner in crime, Lauren, is somewhere close⦠Like always⦠We are the one-stop shop for accounting & tax solutions for coaches, consultants, and professional service providers!
Enjoy this type of post? š Follow me & hit my notification bell.
2 years ago | [YT] | 2
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AlbertTheCPA
The right coaching can literally be transformative! Iāve done before & after comparisons for my own business &Ā my clientsā businesses⦠The data definitely supports the idea of hiring the right experts for the right thingsā¦
Butā¦
It's important to understand who the right expert is based on YOUR SPECIFIC NEEDS⦠This could be an amazing coach, but donāt sleep on the idea that this could also be an amazing service provider⦠Think about it this way ā Do I need to be taught this, or do I need someone to do this for me?
Hereās something else the data says about coachingā¦
The wrong coaching can literally kill your business! The nonspecific⦠get rich tomorrow⦠jack of all trades⦠dream sellers have almost the opposite effect of hiring the right experts for the right thingsā¦
Hereās the real answer ā Coaching is like everything else in business⦠Some of it is good⦠Some of it is bad⦠Some of it is āmediumā (smile)... It is what it isā¦
The key is ā Having a specific way to measure & communicate the results of what your coach is providingā¦
If only you knew a team who could communicate that to you based on the numbersā¦. If onlyā¦
Hint: Itās us⦠Weāre the team⦠(laugh emoji)
Click the link in my bio to learn more about how we can serve your business today!
3 years ago | [YT] | 3
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AlbertTheCPA
Weāve saved our clients over 11 million in taxes to date.
Weāre targeting 15 million by the end of 2024!
DM āSAVEā to learn more about how we can add you to our list of happy clients!
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#TaxSavings
#CPAExpertise
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#CPAAdvisory
3 years ago | [YT] | 0
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AlbertTheCPA
Is your business truly ready to be an S-Corp?
Before becoming an S-Corp, ask yourself these questions:
1ļøā£ What are my SPECIFIC benefits to becoming an S-Corp?
2ļøā£ Can I afford to pay myself a āreasonableā salary?
3ļøā£ Do I even know what a āreasonableā salary is for me?
We see a lot of small business owners who have elected to be taxed as an S-Corp & it hurts them a lot more than it helpsā¦
Since Iām feeling super generous today ā Comment your S-Corp questions down below!
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#SCorpReady
#SmallBusinessAdvice
#TaxationInsights
#BusinessDecisions
#FinancialPlanning
#EntrepreneurTips
#TaxStrategies
#LegalConsiderations
#CorporateStructure
#BusinessOwnership
#FinancialDecisions
#SoleProprietorship
#TaxEfficiency
#BusinessFormation
#SoleProprietorshipVsSCorp
#FinancialAwareness
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#TaxationGuidance
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#SmallBizFinance
#EntrepreneurJourney
#BusinessGrowth
#LegalInsights
#TaxPlanning
#BusinessQuestions
#FinancialEducation
#SmallBusinessOwners
#EntrepreneurMindset
#TaxAdvice
#SCorpExplained
3 years ago | [YT] | 2
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AlbertTheCPA
Right Choice is definitely not a team of typical accountants⦠š
Right Choice is a lot of things... But boring, stuffy, or generic arenāt on the listā¦
In addition to being fun to work with, we also do other cool things like maximizing your profits while saving you A LOT in taxes⦠š¤
Do you actually like your accountants?
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#RightChoiceAccountants
#NotYourTypicalAccountants
#FunWithNumbers
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#LoveYourAccountants
3 years ago (edited) | [YT] | 3
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