Tax Planning and Preparation

  • Proactive tax planning
  • Guidance on proper tax deductions and explanation of law.
  • Periodic meetings with clients to determine estimated tax position before filing.
  • Review of previous filed returns to determine additional deductions and tax savings scenarios

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CFO Consulting & Management Consulting

  • Analysis and review of your company’s financial operations
  • Cash flow management and forecasting
  • Internal reporting, benchmarking and dashboard monitoring
  • Human Resource Management and Benefits Advising (payroll, health insurance, retirement plans)

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Accounting

  • Preparation of financial statements (Balance Sheet, Income Statement and Statement of Cash Flows)
  • Income and expense budgeting and analysis
  • Setup and maintenance of accounting software
  • Accounting software conversion from desktop to cloud-based applications

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Why should you work with Featherstone?

What we do

  • Featherstone LLC offers complete accounting and tax services for small to medium sized businesses.
  • The company seeks to provide its business partners with sound advice in areas ranging from accounting setup through financial operations.
  • With a hybrid background in both the public and private accounting areas, we bring the knowledge of working with many companies at once and the depth of working within just one.

Translating something complex into something easy to understand

  • The members of the Featherstone team care about the success of their clients and seek to assist clients in understanding why accounting and tax matters are addressed a certain way.
  • We understand that the accounting and tax can be hard and complex. Our goal is to translate the law into layman’s terms so that it makes sense.

Taking the tasks off a busy owner’s plate

  • As business owners, the Featherstone team understands how challenging it can be in the trenches of your daily operations yet still work on the business development for the company.
  • Our goal is to assist with the tasks that are put off to a later date such as: daily accounting management, analysis of accounts, budgeting, financial forecasting and tax planning.

Have a question for a CPA? Ask us here

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Featherstone CPA
Featherstone CPAFriday, August 3rd, 2018 at 9:02am
...Regular refills

Setting up the cash bucket is just the beginning of a bucket plan. That bucket must be replenished so cash can keep flowing.
One way to do this is to divide portfolio assets into two broad categories: fixed income (mainly bonds) and equities (mainly stocks). At regular intervals, money can flow from the fixed income bucket into the cash bucket and from the equities bucket into the fixed income bucket. This allows stocks to be held for the long term, which, historically, has been a winning investment strategy.
Other bucket plan strategies can be used. If this method appeals to you as a way to address possible market volatility, our office can go over your plan to illustrate how various portfolio assets can be delivered to you as after-tax cash flow.
Featherstone CPA
Featherstone CPAThursday, August 2nd, 2018 at 9:02am
...Going for the flow

Instead of moving 100% to cash, Harry could implement a so-called “bucket plan.” These plans vary, but the key to success is to have a substantial cash bucket. Continuing our example, Harry Walker would figure out how much money he’ll need for living expenses each month from his portfolio after he stops working. Typically, a cash bucket will hold at least a year’s worth of cash flow.
Example 3: Harry calculates that he’ll need $4,000 a month from his 401(k) or from an IRA after a rollover to maintain a desired lifestyle. If Harry needs to take $4,000 a month from his retirement plan, he would hold at least $48,000 in his cash bucket at the start of retirement with this strategy. From the cash bucket, Harry would arrange to have $4,000 paid into his checking account each month, just as his paychecks from work were handled.

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Featherstone CPA
Featherstone CPAWednesday, August 1st, 2018 at 9:02am
...Vulnerable to volatility

Ten years later, Harry’s situation is different.
Example 2: Harry is age 60 now, with $1 million in his 401(k). He plans to retire at 62, but a stock market collapse could trigger a 40% drop, reducing his $1 million 401(k) to $600,000. Harry might have to postpone his retirement or reduce the amount he withdraws from a smaller portfolio. If Harry stops working, he may not be able to keep investing and profit again from any market rebound.
Harry could avoid this potential problem by moving his 401(k) account from stock funds into cash. However, yields on bank accounts and the like are extremely low. If Harry moves out of stocks at age 60, he’ll avoid market risk but also reduce his opportunity for substantial investment growth going forward.
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