Martin LeFevre - Accounting and Organizational Management

Martin LeFevre is an accounting professional who feels comfortable doing all-around accounting for businesses.

Business managers and C-level executives usually are responsible for making profits happen on the organizational levels. That’s what separates them from employees who work in operations, production, and customer service. They need to be innovators, lobbyists, creatives, and motivators. Competition in most markets in developed countries such as the United States is absolutely fierce. Changes take place all the time and businesses need to anticipate them and be ready for them.

A business can increase profits in one of two ways. It can either bring more revenues in or it can reduce its expenses. One of the most important roles of accounting in organizations is to provide management with critical financial information about profits and expenses. Income statements that are provided to investors and the public usually don’t include all the information that managers need to make decisions on a regular basis.

Small businesses would often have one person in charge of profits. As companies grow, they usually start adding more people who share this important responsibility. The first rule of accounting that helps managers make decisions is to follow the structure of the organization and report relevant information to parties that need it. This principle is also known as responsibility accounting. For example, if a manager is in charge of a department, an accountant like Martin LeFevre needs to prepare sales and expenses reports about the department for the person in charge.

Martin LeFevre - The History of the US Tax System

As an accountant, Martin LeFevre is very interested in the American Tax System. He often reads about it and studies it. American tax laws have changed significantly in the last 100 years, but it’s important to understand the origins of the tax system.

Colonial Era

During the vast majority of American history, taxpayers did not really have much contact with the governmental tax authorities. The taxes came from tolls and customs duties. As ridiculous as this may sound today, the government did not really need to develop a way of obtaining financial resources.

The War

As usually is the case, war — the American War of Independence — has changed everything. England needed the money to fund their war against France, which led to the implementation of certain taxes that were imposed on American colonies.

After the War

After the adoption of the Articles of Constitution in 1781, the government realized that if they ever wanted to become a strong state, they could not rely on the help of foreign governments. They needed to create their own resources, which is why the Government came up with the very first version of an extensive tax system.

Another War, 16th Amendment

After the Civil War started, the Congress came up with the Revenue Act, which was basically the reintroduction of certain taxes to create additional revenue. Later, with the 16th Amendment, the government created the flat rate Federal income taxes. Many different tax rates were introduced since, as Martin LeFevre knows, and many more will likely be introduced in the future.

Sources: http://www.policyalmanac.org/economic/archive/tax_history.shtml

Martin LeFevre - Small Business Accounting

As Martin LeFevre so often experienced while working as an accountant for small businesses, the owners of these ventures make daily decisions that often influence the economics of their companies to a high degree. This is one of several reasons why, as a small business owner, it is important to know what you are doing, or else hire expert help in the form of an accountant who possesses the necessary expertise to clarify your financial situation.

Before You Start Your Small Business

Let’s presume you haven’t opened your business yet. This is the time when you can set your venture up for a straightforward and transparent financial future. For that to happen, you need to invest in certain areas of the business.

Open a Bank Account

This should be fairly obvious, but people often use their own, personal bank account to handle the finances of their business. This shouldn’t happen.

Help the Accountant Track Your Expenses

It is important to work together with your accountant, letting them know about your expenses. For best results, develop a system right at the start. You can go old school, using a notebook, or invest in a computer. The latter will happen sooner or later anyway, so you might as well start with a computer.

Determine Your Payment

When your business takes off the ground, you have to determine the way or ways in which you’ll accept payments. There are services today (like Shopify) that do not require you to set up a merchant account just for this purpose.

As an accounting expert who worked with several small businesses throughout the years, Martin LeFevre hopes that future business owners won’t ignore the tips above before starting a venture.

Sources: https://www.shopify.com/blog/15334373-small-business-accounting-101-ten-steps-to-get-your-startup-on-track

Martin LeFevre - The Importance of Following Professional Journals

Martin LeFevre is an accountant who works hard to supplement his knowledge and education. He follows multiple journals and blogs that focus on accounting practices. He is a professional who has experience as an accountant. He worked hard to develop his skills and looks forward to working with new clients. It is important for financial professionals to follow a variety of professional journals.

Professional journals are filled with current research and industry trends. Most professional fields advance and shift with changes in the economy and new research. Subscribing to these journals can help professionals stay educated and keep current on these trends. Journals that are related to accounting and the financial industry focus on the current financial market and new tax laws and regulations. These journals also make note of major firms and professionals.

It is also important to follow professional journals in order to network. When studying journals in your field, you should pay attention to the major players and the authors of the articles. This knowledge can help lead you to potential employers. It is important to know all of the major names in your industry.

These journals can help you improve your education. When you are networking at professional conferences or events, you should have a well-rounded and developed knowledge. If keep up with current publications in your field, it may be easier to make conversation with professional connections. Martin LeFevre works hard to stay current in his industry. He is a hardworking and dedicated accountant.

Martin LeFevre - How to Become an Accountant

Martin LeFevre is an Accountant based in Naples, Florida. LeFevre worked regularly with both individuals and small businesses in the area to sort out their financials and help them file the appropriate taxes. He has helped many clients in this capacity throughout his career as an accountant, and hopes to continue his career in the area for many more years. Here’s how you can be an accountant like LeFevre:

• Education. To sit for an Accountant’s exam, most states require would-be accountants to accrue a minimum of 150 hours of classroom instruction. Most Bachelor’s degrees in Accounting, much like the degree that Martin LeFevre earned from Southern Illinois University in 2005, only require 120 semester hours to complete, so many schools offer a fifth-year option for accounting students. You can also fulfill this requirement in other educational settings. Once you have this degree, you can consider getting a graduate degree, which would satisfy the educational requirement for the exam and prepare you for a long and successful career as a valuable accountant anywhere.
• Join the workforce. In addition to the educational requirements, most states also require aspiring Accountants to gain at least two years of experience in the workplace before they can take the exam. Martin LeFevre worked for the accounting firm Tubbs and Bartnick in Florida after he graduated from Southern Illinois.

Martin LeFevre has worked as an Accountant in Illinois and Florida.

Martin LeFevre - Follower of Accountant By Day

Martin LeFevre follows a blog for the Accountant community called Accountant By Day to help him with his day-to-day operations and for guidance in his professional career. LeFevre earned an Accounting and Business Administration degree from Southern Illinois University before going to work for several accounting firms in both Florida and Illinois. He worked for James Walker CPA in Naples, Florida and has also worked for the firm Tubbs and Bartnick in Florida. He provided tax help to individuals and small businesses in the local community, as well as personal finance assistance for people in all kinds of situations. LeFevre created opportunities for individuals to balance their budgets and to improve their financial health for the long and short-term. 

                                               

Accountant By Day offers professional advice to accountants in all walks of life across the country. It traces one accountant’s journey from school to a full-time job and his professional development. Martin LeFevre finds inspiration and comfort in the words of this blog, which caters to typical accounting issues that many professionals find in their normal operations. Martin LeFevre and many more accountants read the blog to stay up to date with issues in the accounting community. 

Martin LeFevre has built his career on his experience and considerable skill with accounting in all situations for all kinds of clients. He constantly tries to add to his knowledge in the accounting realm by reading accounting blogs like Accountant By Day so that he can better serve his clients.