Business Consulting Services from a CPA in Hawaii

CPA in HawaiiDo you want to know how to get the most out of your small business in Hawaii? There may be ways for you to grow your business that you aren’t already aware of. A CPA in Hawaii can offer business consulting services and help address important benefits that your business is missing out on. Here are a few ways how a CPA can help.

  • Saving Time & Money – As a business owner, there are plenty of tasks you already take on yourself. If you are not an expert in preparing taxes and figuring out financial issues, why not hire a business consultant to help you? Controlling costs and increasing efficiency are two of the issues small business owners often have trouble with. A CPA will help develop strategies to improve both issues, saving you time and money in the process.
  • Seek Expertise When Needed – Maybe you like having full control of every aspect of your business. There’s nothing wrong with that, but remember that if complex issues ever arise, it is okay to seek the help of a CPA. Sometimes you just need a fresh set of eyes to look at your problems to offer a new perspective on your situation.
  • For Future Growth – You want your business to achieve long term success. No one starts a business with the thought that it will only be around for a short time. It’s not an easy task to make long term plans or be able to anticipate future growth. A CPA can work with you to develop a plan for continued growth of your business.

If you think your business still has room to grow, it might be time for you to hire a CPA in Hawaii. For over 40 years, Michael J. Yuda, CPA, LLC has provided Honolulu and surrounding areas with business consulting and accounting services. Visit to contact us about the services you require today.

Things to Consider When Moving to Honolulu

Honolulu CPAConsidering a move to Honolulu, Hawaii? Who wouldn’t want to live on the beautiful islands of Hawaii? With its warm tropical climate, oceanic surroundings, and diverse natural scenery, it’s pretty hard not to enjoy yourself in Hawaii. On top of finding a place to live and figuring out which beach will be your favorite, there are some things to know before moving to Hawaii.

  • Embrace Aloha – “Aloha” as a greeting can mean hello or goodbye, but did you know it is also a way of life? To Hawaii residents, “aloha” represents the peaceful, loving nature of Hawaiian culture.
  • Takes Some Time Getting Used to Island Living – Mainland cities have the convenience of being able to hop in a car and travel to other states. Being surrounded by water suddenly can take some getting used to. Some people experience Island Fever, feeling claustrophobic from the closeness of each shoreline. Just prepare yourself for this phenomenon and remember that it will pass.
  • Prepare to Spend More Cash – Living in such a beautiful place comes at a cost. Homes and apartments in Hawaii are more expensive, and the price you pay will likely be for something smaller than what you could get in mainland cities. Even prices on little things like gas and eggs are higher than you would expect.

A move to Honolulu is possible with the right financial planning. For accounting services, you will need to find a Honolulu CPA to help you keep track of your finances. Michael J, Yuda, CPA, LLC has over 40 years of experience as a Honolulu CPA and would be happy to help you with financial planning and preparation. Visit today to receive the accounting and tax services you require.

3 Often-Overlooked Things to Do After You’ve Moved to Hawaii

CPA in HawaiiMoving to Hawaii is many people’s dream come true. Sometimes people move for a job or to be with family, and sometimes people save for years and years to relocate to one of the world’s most beautiful locations. After the headache of a long-distance move, the last thing you want to do is fill your day with more unpleasant tasks when there are still boxes to be unpacked, but the sooner you do the important things, the more content you’ll be in your new home.

Find a CPA

Research options for a reliable CPA in Hawaii and hire an accountant to look over your finances today. After the expense of a move, you need an expert to help you manage your finances as you adjust to a new life with a new cost-of-living. A CPA will help you figure out how much of your moving expenses you can deduct on next year’s taxes and how much you can afford to spend on entertainment after you put money aside for savings and bills/debt.

Organize Your Paperwork

Your important paperwork is among the first things you should unpack. Keep a careful record of all of your moving expenses, as you’ll probably need them for taxes. Transfer your important information into a program like QuickBooks and work with a QuickBooks ProAdvisor if you need any assistance.

Plan for Retirement

Get all of the information on your former job’s 401(k) contributions (if applicable) so you can move the money into a new account with the help of your CPA as soon as possible. If you’ve moved to Hawaii in active retirement, plan to make your money last as long as possible.

If you need a reliable CPA in Hawaii, contact Michael J. Yuda’s office today to cross some financial tasks off of your to-do list. The sooner you get your finances in order, the more time you’ll have to focus on everything else Hawaii has to offer. Call or email for a consultation within the first few weeks of your move.

Why Is Working With a Certified Public Accountant Essential When Preparing Taxes?

certified public accountant HonoluluMost people know someone who’s good with numbers and who claims that filing taxes is a breeze. It’s tempting to offer to let that friend or family member do your taxes for you, especially if that person works as an accountant at a company. However, when you’re looking for help when preparing your taxes, it’s essential you find a certified public accountant for several reasons.


The type of certified public accountant Honolulu residents work with to file taxes is certified to work on your tax paperwork as your representative. At the end of your tax form, you’ll see a box where you indicate whether or not you had someone work on your taxes. A certified public accountant shares responsibility if there’s an error on the form. A person who’s not certified to help with your taxes can’t put their name on the form and if an error is made, you and you alone are responsible for it.


At the same time, while a certified public accountant shares responsibility for any errors that were entirely his or her fault (not withstanding inaccurate financial information provided), the certified public accountant is far less likely to make errors than an amateur accountant in the first place. You decrease the likelihood of an audit with a certified professional, and if you are audited, you’ll be able to ask that professional’s assistance in making sure the audit goes smoothly.

Tax Planning

A certified public accountant will help you prepare for next year’s taxes by discussing plans to increase your deductions and pay in installments so you decrease the total owed next spring. A certified public accountant is invested in making your funds grow year-round.

Do you need a certified public accountant in Honolulu? Request a consultation today with Michael J. Yuda to see what a certified public accountant can offer you. Rest easy knowing your taxes were filed correctly and to your benefit each year, and discuss ways to manage your funds year-round so your tax bill is even lower next year.

Tips for Handling a Club’s Finances Part 2

quickbooks proadvisorHandling a new club’s finances can be difficult if you have never done it before. It is important to contact the right accounting firm to help you stay on top of your club’s finances. After all, the end result you’re after should be to make money. Mishandling finances can cause you to lose money both short-term and long-term.  Here are some more tips to correctly handling your club’s finances.

Rely on Software

Invest in a program like QuickBooks in order to more easily manage the flow of money into and out of your club. A certified QuickBooks ProAdvisor can help you get the program set up to meet your club’s individual needs and goals and can even help you manage it year-round.

Plan Charitable Events

If your group earns revenue, consider investing the money into charitable causes in order to raise awareness about the cause and your club at the same time. These contributions may prove tax deductible for your group; ask your CPA to be certain and keep careful records of the finances associated with the event.

If your club is in Hawaii, schedule a consultation with Michael J. Yuda, a certified public accountant and QuickBooks ProAdvisor. From tax help to managing the club’s expenses and advice for collection of dues, the right CPA makes running a club fun instead of cumbersome.

Tips for Handling a Club’s Finances Part 1

tax consulting services HonoluluIt starts off as a few friends gathering once a week or once a month to discuss books, share tips on car maintenance, or sample each other’s recipes. Friends invite friends and family members, the neighbors get curious and eventually your small gathering becomes a bona fide club — and a club needs funds to get anything done. If you’re in charge of handling an informal club’s finances, don’t handle it all on your own.

Get on Top of Taxes

Does your club have to file taxes? Research which tax consulting services Honolulu individuals and businesses rely on, and make an appointment with a certified public accountant. Depending on the size, nature, and revenue of the club, you may not have to file, but it’s better to speak with a CPA to be sure, as you don’t want to be audited and fined by the IRS because you failed to file taxes on the money you collected and revenue you earned from sales, performances, and other events.

With tax return season coming to a close, make sure you get your return filed as soon as possible before the April 18th deadline. Visit today for tax consulting services in Honolulu, Hawaii.  With over 40 years in business, you can trust Michael J. Yuda, CPA, LLC for all personalized and professional accounting needs.

Finding Your Financial Advisor in Hawaii

Are you having a hard time sticking to your budget each month? Find it hard to get ahead financially? Perhaps it’s time to seek guidance from a financial advisor in Hawaii. There are a few easy ways to find this particular advisor in your life – so do not overthink it or stress to find the perfect person to ask. Seeking this support and advice can give you the motivation and information you need to get on the right track each month.

financial advisor Hawaii

Your bank may offer complimentary sessions with a financial advisor if you are qualified. This advisor may walk you through the process of investing wisely, setting realistic budgets and managing your money better in general. You can also look to them for assistance on making big financial decisions – like purchasing a car or investing in a college fund. Check with your bank today to see if you this service is available to you.

If you have friends who are successfully running their own business, you may want to look to them for advice. Many entrepreneurs can provide their savvy financial expertise to those in need. They’ll help you manage your resources successfully, as they have learned to do. If you are unable to meet with them directly, request the titles of books or other resources they may have relied on to help get them where they are today.

Another avenue you may pursue is an online mentoring program. There are several organizations that offer a mentoring program online for those seeking expert financial guidance. In most cases, these programs charge a monthly fee for you to access your mentor and work through educational materials like workbooks to help you set up an action plan for a positive financial future.

Contact a trusted financial advisor in Hawaii like Michael J. Yuda today to learn more about getting on a healthy financial track in 2016!

Cutting Credit Card Debt

Like many of the individuals seeking a Honolulu certified public accountant, you probably want to find a successful way out of credit card debt, and there are ways to do so that can help you achieve this goal. Digging out of this debt and lowering your credit card balances can be approached in a few simple ways.

Let’s explore these options in more detail:

Start by figuring out where you stand. You have to be honest with yourself in regard to how much debt you are in. For example, do not try to minimize it in your head to make it seem like it is not as bad as it truly is. Focus on the true amount and create a target dollar amount of which you would like to see. It’s best to write the amount of debt and the interest rate of each card to see it at face value and keep track of it easier.Honolulu certified public accountant

While you are tracking the amount of debt and the interest rates of each credit card, you will also want to try tracking your costs. Write down all of the expenses you incur on a monthly basis. These are expenses such as rent, mortgage, utilities, insurance, car payments, credit card payments, cable and Internet bills, phone bills and gym memberships, if applicable. This will give you a better sense of how much you spend every month. The results may be jarring!

Of course you will then want to create a strategy for paying this debt off. First, set a budget for yourself. Then, using that budget, you can begin to pay off the card with the highest interest. Once you are able to pay off that card, move on to the card with the next highest interest rate.

Once you get into the habit of tracking your spending and keeping tabs on your credit amounts, you will find that saving money and spending wiser will come as second nature to you. Paying off the debt and minimizing your credit will give you the motivation you need to continue this financial practice!

Contact a Honolulu certified public accountant today to help you learn how to diminish your debt – call Michael J. Yuda to learn more!


How a CPA Can Benefit Your Company

When you own a business, it can be difficult to know every step to take that will have a positive impact on your company. Managing every aspect of your business is no easy feat, especially if you’re not as educated in some areas as you are in others. Consider consulting your CPA or other financial advisor if you have specific questions about your business. Here is a great way to become educated on your finances for your business!

  • Becoming Financially Educated – CPAs are licensed in the state they work in, so having a professional in your corner can help you become more educated about the finances regarding your business. Their expertise and education allow you to see the situation from a professional angle, while also giving you a chance to learn about the standards that each CPA must follow. A CPA will also provide you with everything you need to understand how the finances of your business are doing.

Are you looking for a CPA to help you with taxes in the Honolulu area? Check out for more information about the services. Contact, today! If you’re looking for someone to help you with the financial areas of your business, including taxes, Honolulu has no one better to offer than Michael J. Yuda, a certified public accounting firm.

Taxes Honolulu

How a CPA Can Benefit Your Company: Part II

As mentioned in a previous post, knowing your company finances is important to making any decisions to keep your business positive and improving in revenue. If you are looking for more information about your company finances or a specific issue, consider contacting a financial advisor or a consultant for more information.CPA in Honolulu

  • Preparing for Tax Season – Instead of obtaining an accountant for your business, getting a CPA is a better route to take. A CPA is familiar with all of the tax laws in your state to ensure that your business is following everything necessary to be prepared for when tax season rolls around. Many CPAs continue their education by keeping up with tax courses to stay on track with any changes in the law that may affect your company during tax time. A CPA can also help your business during an audit, which will allow them to represent you if necessary to the IRS.

Obtaining a CPA for your business may not seem like a necessary task, but when it comes to your company’s finances, you shouldn’t leave such an important matter up to anyone. Michael J. Yuda is an experienced CPA in Honolulu, with the skills and education to help benefit your business in all money-related issues. Schedule an appointment to discuss your business finances immediately.