Reuven I Rubinson San Diego CFO-CPA Financial Advisor says “In taxation, the ongoing debate is over what items should have favorable treatment and whether or not we should go to a flat tax.
In accounting, the ongoing debate is over whether we should have one set of rules for all companies or whether small businesses should have a separate set of rules.”
There is also debate over whether the United States should adapt international generally accepted accounting principles, which are principle-based, versus our system, which is more rules-based. There is a convergence between the two, and the question is how much do we adapt and agree upon.
Whatever the outcome of these debates, one thing is clear, every business needs knowledgeable and reliable CFO-CPA Financial Advice.
Too often companies are unaware of many of the things that are going on in their business.
That being the case, almost any business will benefit when they have a discussion with an expert about their policies and procedures as well as their financial system. A major step in improving the company’s bottom line happens when you bring these critical issues into the light of day so they can be evaluated and handled.
As an example, Sarbanes-Oxley (an act passed by U.S. Congress in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations) was implemented as a response to the Enron and other financial disasters. In many ways, it was overkill and an overreaction. However, the act forced businesses to put their policies and procedures in writing and critically evaluate them.
Most companies realized, in doing this, that there were some duplications and improvements that were absolutely necessary in their business. By forcing companies to take them out of people’s heads and putting them into writing, Sarbanes-Oxley was an invaluable service to businesses.
See more about Reuven I Rubinson CFO-CPA Financial Advisor by visiting
See on CNN http://ireport.cnn.com/docs/DOC-1164636
See on Small Business Trendsetters http://smallbusinesstrendsetters.com/reuven-i-rubinson-san-diego-cfo-cpa-financial-advisor-financial-expertise-will-increase-bottom-line/
Or his office 10601 Tierrasanta Blvd., #177, San Diego, CA 92124
Or by calling 858-344-0864