Accounting & Bookkeeping

Paul L. Erickson, CPA, P.O. Box 455, Skyland, NC 28776, (828) 214-1111, has closed his law practice and opened a tax return preparation, bookkeeping and accounting practice. He also remains open to the possibility of returning to the retirement business but at this time has decided to focus his efforts on individual tax return preparation, 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 stands from 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 their focus on 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 the most income per hour for themselves and their families -- if they want to succeed.

He reminds his clients their time is a precious resource. 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, it would give them significantly more time to do what they are good at doing and what they have a passion to do - and the ability to pursue it with a far greater level of certainty since they will be proceeding with the comfort that both they and their CFO are confident the forward planning will produce excellent returns. No doubt they are concerned that a CFO would cost $50,000+ a year. Paul Erickson then asks them, what if they could hire a CFO for as little as $300 a month? That could be the most valuable and most comforting business decision they will ever make.

He then asks them to consider letting him become their part time CFO. He has extensive experience working with businesses of all size and disciplines and will bring that experience to the table as he and his clients look for tax advantages and financial instruments that are particularly suited to his client's business 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 business opportunities they can make the most of.

When they ask how can Paul Erickson afford to do that? He informs them 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.

When asked about the families with disabled children whose causes he has championed for the past 15 years, Paul Erickson's face saddens. He fought against incredible odds to help those families and won some incredible victories for some families. See: http://www.wrightslaw.com/law/caselaw/2003/4th.G.fortbragg.lovaas.pdf Erickson had hoped favorable decisions like the Fort Bragg decision would help families with special needs. Unfortunately, he realized that state reaction was not favorable. 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 efforts were causing North Carolina 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 and attorney or 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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