Opportunities for Business (where you least expect them)

There have been a couple of missed blog opportunities to share with you the adventures of an Entrepreneurial walk in the realm of CPA Services and Advisory connecting on the walk of building out this practice. We have made some strong connections, found some new good friends and are lean and efficient in the many ways to finding new Business Opportunities in NYC.

As a brief list of things to come:

1.  Improving the utilization of NYC Resident CPA talent at the NYC Comptroller's Office through localized service prioritization aka it makes Business sense in civic governance to create first round opportunities for NYC Domiciled CPAs. Remembering that NYC CPAs also pay City Taxes which help on the NYC Debt and boost the localized Economy.

Potential Footnote to the NYC Comptrollers Report for FY XX:

Additionally we were able to decrease the costs of NYC External Audits and boost the local economy through facilitating a special teamworking program in support of NYC CPAs

(we note: It sounds like a win for NYC)


2.  The gate keeper is Increasing your Business Costs through not knowing who to pass through and who to keep out. We can help to better train  them on the gate watch  through connecting their role to Business Economics and Efficiency.

3.  The Dewey Bankruptcy proceding found the missing Assets - but why are yours still Off Balance Sheet aka don't worry we can help. Find that P&L entry that can be reclassed with a little homework:

Journal Entry:

Dr. Cash             xxx

              Cr. Retained Earnings          xxx

(to Record the Liquid Assets we just found in your Business Model)


 4. If your (Nameless Legendary) Entertainment Accounting rep / practice misssed your Assets we found them in the Public Record, We can help you make sure your Global Portfolio Wealth is on the Balance Sheet,  correctly classified, Tracked and Accounted for.

Journal Entry:

Dr. Your Portfolio Assets  (via Cash)   XXX

        Cr. Net Worth                                          XXX

(to recapture Assets in your Global Porfolio Wealth )


5. If you are not measuring your business processes and dashboarding, you are losing real financial opportunities. Use the tools of Accounting, Finance and Compliance to maximize the Financial Opportunities you meet in your business.

6.Modesty will get you "know" where - for the most part we run an even keel considering the amount of hands on experience we bring . We know how to solve problems from hands on experience bottom up and top down on financials, it makes for a comprehensive cross sectional value proposition on Strategic and Operational skills but we are light on touting it - I am going to rethink that one. Because what we know while delivered with Modesty is a Real Financial Value package to help you in Strength on Strategy and Operations.

7. I found a great process map on Engagement from an English Firm yesterday.... I'll work that in to a future post.

8. We finally connected on a lead to build out the Agriculture Lines.... we are on on the commitment to build with knowledge that can help in support of US Agriculture right here from NYC..... in support of NY and US Family Farmers. I am so glad that we can do this...

9. When IP (Intellectual Property) leads you to the Photographer from Melody Maker... and he hands you a picture he took of James Marshall H (talk about IP!) in the Heyday of Soho (no not NY Soho, London Soho....) Chance encounters in NYC are some of the best Encounters at the cross roads of  the World...aka This is why I love New York and you should too!!! .... but always remember we like your State, City and town too it's not Mutually exclusive and there are many great locations across this fine Nation of Ours.

If there was a hint of the cavalier here....no intention to upset anyone... we are just proud of the knowledge that's been built in support of Financial Decision Makers in Government, Industry, Non Profit and Individual roles on Financials. This line is Focused on NYC, but we are the line that connects on Local, State and National needs on Financials so learn more at:

DCarsonCPA.com  your weblink to Our Practice, Our Practice is here with knowledge, experience, teamwork and research that can help to lead on Financial Decision Making - drop by www.dcarsoncpa.com to learn more.

Checking in with NYC Government at 11/7/11

At the Mayors Office:

Mayor Bloomberg, Speaker Quinn, Housing Commissioner Wambua and Gotham Organization Break Ground On Largest New Construction Project in Manhattan Under City's Housing http://www.nyc.gov/portal/site/nycgov/menuitem.c0935b9a57bb4ef3daf2f1c701c789a0/index.jsp?pageID=mayor_press_release&catID=1194&doc_name=http%3A%2F%2Fwww.nyc.gov%2Fhtml%2Fom%2Fhtml%2F2011b%2Fpr397-11.html&cc=unused1978&rc=1194&ndi=1

Mayor Bloomberg Convenes International Summit On Business Innovation, Entrepreneurship and Job Creation Sponsored by New York City Global Partners at Columbia University http://www.nyc.gov/portal/site/nycgov/menuitem.c0935b9a57bb4ef3daf2f1c701c789a0/index.jsp?pageID=mayor_press_release&catID=1194&doc_name=http%3A%2F%2Fwww.nyc.gov%2Fhtml%2Fom%2Fhtml%2F2011b%2Fpr392-11.html&cc=unused1978&rc=1194&ndi=1

Mayors Office: http://www.nyc.gov/portal/site/nycgov/menuitem.beb0d8fdaa9e1607a62fa24601c789a0/


Mayoral & City Agencies  http://www.nyc.gov/portal/site/nycgov/menuitem.db6d44f040275edd6bce0ed101c789a0


NYC Comptrollers Office:

COMPTROLLER LIU ISSUES NEW YORK CITY’S COMPREHENSIVE
ANNUAL FINANCIAL REPORT FOR FISCAL YEAR 2011 http://comptroller.nyc.gov/press/2011_releases/pr11-11-084.shtm


The CAFR of NYC for 2011 has not been posted online yet since it is still in Draft Version and it will be several more months for the Final CAFR for 2011 report to be available in Final Version as per Comptrollers Office. The CAFR is the Comprehensive Annual Financial Report of NYC - the Financials of Our City.

New York State published it's 3/31/11 CAFR  in support of Transparency and you can find it here:

http://www.osc.state.ny.us/finance/finreports/cafr11.pdf


As we understand it currently these are the June 30, 2010 NYC Financials :

http://www.comptroller.nyc.gov/bureaus/acc/cafr-pdf/cafr2010.pdf

The 2011 NYC CAFR will be made available when it reaches it's final version in a few months per NYC Comptrollers. In a point of observation since Annual Financials are historical documents timelines are important for consituents knowledge of NYC Government. At present the Financials which are dated 6/30/11 appear to be on a 6 Month turnaround timeline for Annual Financials resulting in what would be from a Corporate view point stale data for analysis purposes.

If you have been following with us, you know that we care about Federal, State and Local Financials and value timely data for Decision Makers.

A Goal for a Improvements:
From the outside looking in, there appears to be a good opportunity for reengineering timelines on NYC Financials. If there is a background process that is holding up NYC Financials, that process should be rengineered. Timely Financials for NYC help NYC voters, the constituents of NYC to be better connected to and aware of City Financials complete with Challenges and Opportunitities for improvement.

As a point of Comparison Our Federal Government issues Federal Financials on 9/30/11 and GAO has 45 days to issue a report thereafter. While the Federal Government has greater resources, NYC Financials are also very important and warrant a tight timeline to issuance.

We care about NYC and part of being better connected to government is being able to connect with the financials on a timely basis to consider decisions in Public Finance, this is important for ALL NYC Residents.


At City Council (the NYC Legislative Branch):

COUNCIL VOTES TO INCREASE COMMUNITY BOARD INPUT ON BICYCLE LANES INSTALLATION http://council.nyc.gov/html/releases/110311stated.shtml

Speaker Quinn Outlines Nine Point Job Creation Strategy http://council.nyc.gov/html/releases/101811abny.shtml


About City Council http://council.nyc.gov/html/about/about.shtml


NYC Judicial Branch:

New York State Unified Courts

Still reviewing - will update in the near term....