BRIAN T. STONER, CPA  

  You can count on us to count for you!

SELECTED TO THE FORBES TOP 100 MUST-FOLLOW TAX TWITTER ACCOUNTS FOR 2019
 Forbes Top 100 Must-Follow Tax Twitter Accounts for 2019

Picked by Expertise.com as one of top 20 Tax Services in Los Angeles for 2019, 2018 & 2017

Received the American Registry Award for Best Accountant of 2017
October 31, 2019      

                   


 

 We Need Your Referrals to Grow Our Business!
Accounting Background
 
  EMAIL NOW AT  bstonercpa@sbcglobal.net
  
2600 W. Olive Ave, 5th Floor
Burbank, CA 91505

 
I write a BLOG  called 'MUSINGS OF A BURBANK CPA' on Financial and Tax Items I feel are worth sharing!  You can access
MY BLOG here:
 
 


Receive My Current Newsletter by Email:

See the coupon for discounts on my services  -------->  



HAPPY HALLOWEEN!

KEEPING CLIENT CREDIT CARD NUMBERS SAFE AND YOUR BUSINESS HAVING A SAFETY NET
   
Article one discusses different ways to protect customer credit card info (as well as your own)   and Article two talks about ways to give your business a safety net in case some calamity occurs that will keep the doors open.
     

Call Now
818-317-6035 
  
  
Email  me at
Check out my website at    www.briantstonercpa.com
                                                                             
 Follow me on Twitter       View my profile on LinkedIn        Like me on Facebook


  
Brian T. Stoner, CPA has been featured on
  

 

        


You can count on us to count for you!


 


 


 


 

  

 

                    
 

Protecting Clients' Credit Card Numbers

Does your business ask your customers for their credit card numbers at any time during the sales process? If so, it's essential that you honor the privacy of your customers' private data as well as stay in compliance with the Payment Card Industry rules.

Every business that has an account with a merchant services vendor is required to follow PCI (Payment Card Industry) compliance when collecting and storing credit card data. There are many different levels of compliance depending on the technology you use to capture and store credit card data. These levels depend on whether you use a point of sale terminal, the customer hands you their card, orders are entered through an online shopping cart, or a combination.

In all cases, there are several no-no's that you'll want to share with your staff to make sure they are properly trained:
  1. Never ask a client to send a credit card number via unsecure email.
  2. Never take down a credit card number over the phone on paper before entering it into your system. If you do, you need to shred the paper immediately.
  3. Don't ask clients to take a photo of their credit card to send to you.
If you need to use credit card authorization forms in your business, you'll need to consider the proper collection of these forms as well as the proper storage. Storing a credit card outside any system requires you to follow further PCI compliance steps.
  1. After a client has signed and completed the credit card authorization form, you will need to provide a secure, encrypted email connection for them to send it back to you. Alternately, you can set up a private client portal for them using Box, DropBox, ShareFile, or another generic portal or file transfer app. Just sending a pdf via email is not a great idea unless the PDF is password-protected and the password is sent via secure, encrypted email.
  2. Once you've received the form on your end, you'll need to keep it in a secure place. If you print or download it, you'll need to follow physical building security protocols to stay in compliance with PCI as well as to protect the customer data.
It's not a surprise that so many credit cards get hacked each year. It's inconvenient to customers and vendors when their credit card gets compromised, and much of this can be prevented through proactive and safe measures. Respect your customers and help them keep their credit card data safe.



     
      
 

You can count on us to count for you!  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Issue 133



 CALL NOW
 818-317-6035

Member CalCPA
In This Issue

 

 

 

 Remember I give a FREE INITIAL CONSULTATION! 

 

 

 

 

     

  

 YOU CAN CHECK OUT MY PAST NEWSLETTERS ON MY WEBSITE ARCHIVE!
 
 
  

 

  

 

You can see some of my FAVORITE ACCOUNTING VIDEOS on the home page of my website:

 

www.briantstonercpa.com 

   

 

 

COUPON

   Save 10% 

Bring this coupon in and get a 10% discount on any new service we provide you 

 (up to $50.00) 

  

    

You Can Count On Us To Count For You!

              

          BRIAN T STONER, CPA

 

 

 

 
Accounting Employment Opportunities  

 
Pauline Casbon of Casbon & Associates, LLC is a professional recruiter I have known for quite a while. She is very professional and can help accountants looking for work get a new position as well as find accounting professionals for business and industry.
   
 
Full Time Job Opportunities: Contact Pauline Casbon at
310 859 3805

Website:

www.casbonassociates.net

See my Linkedin page:

www.linkedin.com/in/PaulineCasbon 
 
  Referral fee for any potential employee that is placed in any of the following positions.      
 
  Immediate Hires!    


Tax Managers, CPAs needed for West Los Angeles.  Salaries up to $200k. Work/life balance. Great benefits. Also Tax Managers for Burbank, San Gabriel Valley and Century City.
 
 
Tax Accountant for business management accounting firm in West Los Angeles, salary offered up to 100k plus great benefits. 3 years experience required and a CPA license.
   
Account Manager for Business Management firm in Century City, Beverly Hills,  Westwood, Encino and Woodland Hills, great career opportunities. Offering competitive salary and great benefits.

Film and TV Production Auditor for Century CIty. $110k commernsurate with experience.

Assurance Managers for great CPA firm, career path available. Locations in Century City, Woodland Hills and Santa Monica.  
 
Tour Assistant and Bookkeeper for Business Management firm in Encino, Sherman Oaks and Beverly Hills as well as Westwood. 

Two Senior Accountants for Encino.
 
Tax Manager for top business management firm in Century City, $125k range. 

Audit Manager for top CPA firm in Woodland Hills, Glendale and Santa Monica.
 
Tax Manager for Burbank CPA firm. Offering a great career path.

Assistant Bookkeeper for Westwood. Datafaction preferred. Salary up to $60k.  
 
Tax Manager with business management accounting industry experience required to handle tax planning.  Up to $150k. Salary commensurate with experience plus excellent benefits. West Los Angeles.

Bookkeeper for West Los Angeles, offering up to $75k. Quickbooks and Mac required.

Staff Accountant required to join their other young team of accountants for a business management accounting firm handling high net worth individuals in the entertainment industry, great opportunity, career path offering salary up to $80k commensurate with experience, plus OT and bonus. Business Management accounting experience preferred. Encino, Woodland Hills and Brentwood.

Assistant Bookkeeper and Bookkeepers for business management accounting firms in Century City, Westwood, West Los Angeles, Sherman Oaks, Woodland Hills and Encino. Opportunity for great career path in business management, salary range from $55k plus commensurate with experience. Datafaction required.

Audit Senior/Manager, CPA for Century City, Glendale and West Los Angeles. Competitive salary and good benefits. Career path opportunity!!

Tax Accountant, CPA for prestigious firm in Century City, Brentwood and Encino, definite opportunity for career path. Business management accounting industry preferred.

Tax Senior, CPA for prestigious CPA firm in Century City. Salary competitive and commensurate with experience. 85K plus.
 
Tax Seniors for West LA, Century City, San Fernando Valley and the San Gabriel Valley; CPA firm and Business Management Accounting firm, seeking potential employees looking for a career path!
 
Business Manager for Bus. Management accounting firm to become a Partner.  Century City. CPA Certification required.  $130k plus excellent benefits. Datafaction preferred.
 
 Two Audit Seniors for CPA firm located in Santa Monica and Century City. Career path opportunities.
 
 
Tax Accountant for Century City and Encino 1 to 2 years experience of tax preparation with a CPA firm and/or Business Management accounting firm.

Royalty Analyst required for firm located in Encino. 

Bookkeeper for Moorpark, must be a full charge bookkeeper.
   
Looking for immediate hires! 
 
I am looking to expand my client base, if you would like further information regarding my staffing services, please do not hesitate to call.  I am happy to visit your office which helps me gain an even better understanding of your firm's culture and staffing requirements.  Please review my website at


and/or review my Linkedin profile.

www.linkedin.com/in/PaulineCasbon

Call 310 859 3805 for further information.  Send resume(s) as a word attachment to :
  



   

Does Your Business Have a Safety Net?

  
One of the most important parts of managing a business is making sure there is enough cash to keep the business going. As a business owner, you probably have a very good idea how much cash you have in the bank at any time. The smaller your business is, the more likely you are to keep a close eye on cash.
 
Checking your cash balance is a daily function you should be on top of. Yet there is another often-overlooked responsibility that many business owners don't spend enough time on, and that is managing your future cash, especially in light of unplanned situations. Looking ahead helps reduce your business risk and allows you more time to correct any upcoming dip in your cash balance.
 
Having enough cash is akin to having a safety net for your business. It can sometimes even mean the difference between staying in business and going out of business. To plan how much you might need for your safety net, you can use a few different methodologies.
 
One way to plan your safety net is to prepare for the worst-case scenario. How long would your cash hold out if no revenue were to come in but all expenses kept going out? Some questions you might ask:
 
  • At what point will your cash run out? How many weeks or months of cash do you have?
  • Do you have a line of credit you can tap at a bank?
  • Do you have other loans or sources of cash that you can tap quickly in case of emergency?
  • What expenses could you shut down without hurting your business if you had to?
 
Another way to plan your safety net is to do what the average business does: acquire the amount of cash you need for two to three months' worth of operations and keep it on hand. Alternately, you can make a plan to liquidate that much cash on a very fast basis and only put your plan in place if it's needed.
 
An easy way to get these numbers is to look at your bank statements in conjunction with your average accounts receivable and accounts payable balances. If that's all Greek to you, no worries. Feel free to contact us and we can help you figure out a safety net number that you'll feel comfortable with and that will keep your business risk low.
 
Once you have a safety net in place, you'll gain peace of mind for your business. It's one step in an overall disaster preparedness plan that you can make for your business.


 


    
    
    
 You Can Count On Us to Count For You!       



Brian T. Stoner, CPA 
2600 W. Olive Ave., 5th Floor
Burbank, CA 91505
(818) 333-5095  CELL (818) 317-6035
FAX (818) 333-5304
bstonercpa@sbcglobal.net