Tag: accountant

Summer Special

92001457_scaled_154x210Here at Michael J. Yuda, CPA, LLC, we’re extremely excited to announce our Summer Special. What exactly does it all mean? For a limited time, we will be offering a FREE 30 minute consultation for new clients. This exciting special is just another way to heat up your summer and get yourself down the path to better financial health. Michael J. Yuda is a premier CPA in Hawaii and offers a slew of services to help you make wise financial decisions. Yuda is here to help you manage your tax, accounting, QuickBooks, and other bookkeeping matters.

If you’re interested in benefiting from a free 30 minute consultation, please contact us today to schedule an appointment. Our firm can help manage your business or personal finances with the necessary technical experience and expertise to succeed. When you choose Michael J. Yuda, CPA, LLC, you’re getting personal, reliable, professional and trustworthy service–guaranteed. Take advantage of our amazing summer special today, and get 30 minutes of free consulting from the premier CPA in Hawaii. We firmly believe that your success is our success, and are committed to helping you.

To learn more about our services and to schedule your free consultation visit our website today! We’re looking forward to help you handle your finances.

Why You Need An Accountant For Your Business

CPA - Golden Key.It should seem like a no-brainer that when beginning a new business venture you also need the expertise of an accountant and lawyer to ensure you are doing things properly. Legalese is like a foreign language and ensuring you pay your taxes and stay out of trouble should top your list of priorities.

However, aside from those obvious reasons, there are many more circumstances in which you will need the assistance of an accountant. As you become more experienced, you’ll find that your accountant and attorney will overlap a bit in their services and expertise. That being said, here are a few examples of services your accountant should provide:

*Help you decide what type of entity (such as S-Corp or LLC) and ownership structure to have when you first get started; your accountant may work with your attorney on this.

*Design and set up your accounting system so that year-end financial reporting will be easier.

*Ensure that you pay the correct types of taxes in the correct amounts.

*Ensure that you send out W2 and 1099 forms to the proper people at the proper times, and also make sure that if you send out 1099s, the IRS will agree with you that those individuals are independent contractors and not employees.

*Advise you on deductions and how to separate your personal and business expenses.

*Advise and guide you through an audit if you ever have one.

*Advise you on specific transactions, such as whether it’s better to lease or buy.

*Compile your financial records for the past period.

*Help you understand your financial statements. You should use your accountant’s expertise to help you analyze your financial statements.

*Knowing what kinds of business expenses are deductible.

It’s best to ask your accountant’s advice before you take any kind of financial action regarding your company. If you’re looking for a CPA in Hawaii to help guide you in your new or existing business ventures, visit Michael J. Yuda CPA, LLC today!

Why Choose Michael J. Yuda?


Are you looking for financial stability and guidance? Michael J. Yuda, CPA, LLC in Honolulu, Hawaii can handle your personal or business day-to-day accounting! Why should you choose Michael J. Yuda to help with your finances? Consider these reasons when seeking  a CPA in Hawaii:

  • Michael J. Yuda is a Certified QuickBooks ProAdvisor.
  • Michael J. Yuda is a Certified QuickBooks Online ProAdvisor.
  • With 2 certifications in QuickBooks, Michael J. Yuda is a proven professional at bookkeeping services and can help create a personalized service that is unique to your specific and unique business.
  • Michael J. Yuda has a proven track record in accounting and taxes. He began his career working for the IRS before starting his own Accountancy Corporation in 1983.
  • Michael J. Yuda is a licensed CPA in both Hawaii and California.
  • Michael J. Yuda is a member of the Hawaii Society of Certified Public Accountants, the California Society of Certified Public Accountants, and the American Institute of Certified Public Accountants.
  • At Michael J. Yuda, CPA, LLC, we offer tax consulting services that include the preparation of all personal and business income tax returns. We also prepare all required state tax returns, as well as multi-state returns.

If you’re looking for a CPA that you can trust, choose the best CPA in Hawaii, choose Michael Yuda today!

Maintaining a Healthy Relationship with Your CPA

Having a positive relationship with your accountant is the best way to help your financial stability. Having regular contact with them is essential to ensure everything is in order. It’s important to try and maintain a good relationship with your accountant, as they can be a crucial component to your personal financial health, as well as the health of your business. The following tips will help you build and maintain a healthy relationship with your accountant:

  • Keep agreed records and deadlines
  • If there are any changes to your business or personal finances, make them known immediately
  • Discuss major issues with your accountant, such as tax implications, salary, dividends, etc.
  • Always pay your accountant on time
  • Don’t be afraid to ask questions
  • If your accountant isn’t adapting to the needs of your growing business, don’t be afraid to speak up
  • Allow your accountant to focus their energy on helping you succeed, not avoiding IRS penalties. An accountant is there to help you stay on track and ensure you’re finances are in order

The major secret to maximizing the relationship with your accountant is to always keep open communication with them throughout the year. If you’re looking for a CPA in Hawaii, you can trust Michael J. Yuda, CPA, LLC.

CPA: The Nucleus of the Business World

Would you believe that being a CPA might be one of the most important jobs today? It’s no secret that the world is always getting more and more complicated, and financial concerns are the driving backbone of these complications. Over the last few decades, CPA’s have been responsible for handling many major issues for the government and even some of the world’s biggest corporations and organizations. A CPA knows the inner workings of the companies and clients they work for, and can effectively create and analyze financial information to see where a company or client is and where they need to go. A CPA is almost like a financial James Bond, always on top of the situation and an expert in the field.  Without CPA’s, the business world would crumble.

Without CPA’s, the business world would crumble.

Many businesses rely on a CPA to help guide them with investments, budget and even decide on expanding a company or waiting until more fiscally strong. It’s undeniable that a CPA may be one of the most important components of any business. Regardless of whether you’re part of a giant corporation, or just a small start-up company, it’s essential to hire a CPA that will help make important and often crucial decisions involving your finances. Skimping accounting can affect an entire business sector, and cause major problems. Finances and accounting are crucial to the success and stability of the business world, and a CPA is the nucleus of any business, as they can help control a businesses’ growth much like a cell.


What to Look for In a CPA for Small Business

For many small-business owners, it’s a good idea to have an active accountant that can give advice  from the very beginning of your business. However, not all accountants are equal! Choosing the right accountant for your business can be a very daunting and stressful task if you don’t exactly know what to look for. When looking for a CPA or accountant it’s important to take the following into consideration:

Small Business CPA Hawaii

  • Ask yourself whether the person communicates well.
  • Can this person be contacted easily in case of an emergency?
  • Ask basic questions about small business book keeping practices to test the candidate’s knowledge of the topic.
  • Find a CPA that understands entreprenual spirit and doesn’t speak negatively about small business.
  • Find a CPA that doesn’t only speak in jargon. If you can’t understand anything  your CPA says, your relationship is doomed.
  • Choose CPA that feels like a partner and understands your entreprenual dream.


It’s extremely crucial to hire a CPA that is kind, knowledgable, helpful and flexible.  If you’re looking for a reliable CPA in Hawaii, consider Michael J. Yuda CPA, LLC. Michael J. Yuda can answer any questions you might have about accounting, tax preparation, business consulting, and QuickBooks. This Honolulu CPA firm is here to answer any of your questions, just simply contact us here.


Why Should You Use QuickBooks?

If you are a seasoned QuickBooks veteran, you probably already know how useful and beneficial this amazing program can be for your finances. If you’re not entirely sure if QuickBooks is for you, consider the following:

QuickBooks can save you money!

  • QuickBooks allows you to manage your cash better. Using QuickBooks allows you to manage and maintain your finances, and accurately keeps track of spending and income.
  • QuickBooks is less expensive than other programs that do the same tasks. Not only does QuickBooks provide an excellent value, but the numerous resources for free support makes learning and using QuickBooks extremely easy.
  • Once you’ve gotten the hang of using QuickBooks, you’ll no longer need an outside accountant or bookkeeper to do your day-to-day books. QuickBooks will lessen the amount of money being spent on outsourcing your books, which in the long run can add up over time. Who doesn’t want more money in their pocket?
  • QuickBooks allows you to create reports at anytime, so you always know where you stand.

QuickBooks is a powerful and useful tool that can help achieve financial stability and success for your business or personal finances. However, not everyone is well-equipped to master this program, and some folks just don’t have the time to handle their own QuickBooks bookkeeping. If you’re looking for a QuickBooks ProAdvisor and CPA in Hawaii, contact Michael J. Yuda CPA, LLC!


What to Look for In a CPA

It’s no secret that taxpayers can benefit greatly by hiring a CPA to help file their taxes. However, like many of life’s decisions, you should not select a CPA blindly. Before you spend your hard-earned cash on CPA services, there are a few questions you should be prepared to ask to ensure you’re selecting a skilled professional for your situation. When it comes to filing taxes, it’s important to remember that the tax industry is ever changing and an appropriate CPA should be well-versed in new or ongoing changes within the industry. When searching for the best suitable CPA, keep these following questions at hand:

What should you look for in a CPA?

  • What licenses and background do you have?
  • How long have you been in the tax business?
  • Are there any particular tax-related issues that you specialize in?
  • Do you outsource any of the work you do? Will you be readily available if any questions arise?
  • Are you knowledgeable and experienced to handle my particular situation?
  • Approximately how long will it take to complete my work?
  • Do you maintain a strict privacy policy? Will my information be kept safe?
  • What are your current fees?

The most important factor to consider when selecting an experienced CPA to handle your taxes is whether or not they specialize and have immense knowledge on how to help with your specific problem. When searching for a competent and experienced CPA, don’t be afraid to ask questions. Always let a professional handle your tax return preparation, especially when you aren’t confident or well-versed to handle them yourself. If you’re looking for a dependable Honolulu CPA firm, Michael J. Yuda CPA, LLC can answer any questions you might have.


5 Small Tricks to Save Time with QuickBooks

QuickBooks Time Savers!When it comes to QuickBooks bookkeeping things can get rather complicated and tedious. However, with a few tricks and tips, you can save time when you’re doing your QuickBooks bookkeeping. QuickBooks is an extremely powerful tool, but like any other advanced programs, QuickBooks has its learning curves. If you manage to do your own QuickBooks bookkeeping, then follow these amazing tricks to help save time when you’re bookkeeping.

  1. Batch Invoicing: QuickBooks allows a user to invoice multiple customers at once for the same item.  This simple trick can cut hours of time off every month.
  2. Customize your icon bar: Customizing our icon bar to include your most used features will make your bookkeeping easier and faster. I bet you wish you thought of that earlier!
  3. Price Changing: If you need to increase prices on a number of items on your list, don’t sit and change the number one-by-one. Using the change item prices tool to change selected items by a percentage will cut a large fraction of time off of your bookkeeping.
  4. Find:  The find feature is no secret to accountants, but many people overlook this amazing feature. The find feature in QuickBooks can helps do a speedy search for transactions, accounts, check numbers, items and any other material you may need. Using find will have you flying through your books.
  5. Email your invoices: If you’re going the old fashioned route and still sending paper invoices, make the switch to Email today! Setting up Email invoices is quick and will save you hours per month.

QuickBooks is a great tool, but hard to conquer without proper guidance. If you’re still stuck, or feel that you’re wasting a lot of valuable time, consulting Yuda QuickBooks ProAdvisor Hawaii can help put you on the right path.


Why Choose a CPA as your Tax Consultant?

Why hire a CPA to do your taxes?

For many, the idea of doing taxes is equivalent to a nightmare.  Tax laws are tricky all on their own, but the manner in which they are always changing makes keeping up a daunting task.  When preparing to file your business or personal taxes, consulting a CPA can help ensure that your taxes are done correctly.  Simple errors and mistakes in your tax form can cost you penalties with the IRS, and nobody wants the IRS breathing down their backs!  Having your taxes prepared by a CPA can save you from making errors, and help ease the stress of having to figure out how to do them yourself.

In many instances, a CPA will save you money by assuring that you claim all deductions that you are entitled to.  We know the laws and what you are legally entitled to claim to avoid tax penalties.  With extensive training and testing, a CPA tax professional is familiar with state and federal laws, and will help you get your taxes done correctly and quickly.  Using a CPA tax consultant makes taxes seem not so scary anymore. Let a professional handle your tax return preparation, so you can go out and enjoy the sun!