Preparing for Retirement as Early as Possible: Part II

As discussed in the previous post, preparing for retirement is very important to consider as soon as possible. We are all comfortably aware that we will need to have retirement funds; however, many individuals are not aware of when the right time is to start saving. Here is another tip to help you get ready.Money

  • Discuss It With Your Employer – Assuming that your employer has a retirement plan or account set up for you is not going to end well. It’s crucial for your future to find out what kind of plans your employer can help you set up or if there is anything that you can look forward to at your job after you retire. Often times, an employer will have many saving plan options available that will allow you to begin saving money and preparing for retirement.

Are you looking for a CPA in Hawaii? Michael J. Yuda offers accounting and tax services, as well as other financial assistance when you need it the most. At, you can speak with a representative about your finances today!

Preparing for Retirement as Early as Possible: Part I

Whether you’ve been working for two years or 20 years, preparing for retirement is one of the most important topics on everyone’s mind.

Many working individuals are familiar with the idea of retirement, but are completely unsure of when to begin preparing for it or where to start. If you’re unsure of how to begin preparing for your retirement, there are a few helpful tips that can get you started on this serious decision that will have a positive impact on your future.Tax Form with Fountain Pen

  • Contact a CPA – A qualified CPA is going to be able to give you some guidance on how to begin preparing for your retirement. Since it is never too early to start getting ready, he or she can give you information on handling your accounts, as well as ideal planning on how to save during harsh times. Many certified public accountants have the account experience necessary to provide you with information on any areas related to financial concerns, so a CPA can be a great person to have in your corner for any of your money woes.

Are you looking for a CPA in Hawaii? Check out, today, to speak with a representative!

No Accountant Jokes, Please: How to Speak and Ask Questions to your CPA

financial discussionKnowing your CPA and their work habits can be crucial when you begin working with them. Your company relies on the CPA to stay in touch and create a comfortable working relationship. Here are a few questions to be sure and ask your CPA.

  • How Often Will We Be in Communication? – Asking this first important question gives you a realistic idea of when you can expect to hear from your CPA. Also, consider following up with an additional question: What is the best way to contact you? This question is also important to know that you are reaching out in a way that will be most convenient and time efficient for both parties.
  • How Will You Benefit My Business? – Asking this next question is useful in seeing what the accountant plans to bring to the table. Keep in mind that there are plenty of CPAs out there, and the best ones will be looking out for your business, as well as their own.
  • Do you have other clients that have a business similar to mine? – This question is useful in understanding competencies. If you don’t have accurate references for your new CPA, consider asking this question. It will give you a better idea of how they will perform for you in the future.

Are you looking for accounting firms in Hawaii? Check out for more information and to schedule an appointment to ask some of these important questions!

How Do I Choose a CPA?


When choosing a CPA for your business, there are a few criteria that they should meet. Here are a few great ways to get started picking a CPA for your company financials.

  • Education – Finding the education status of the CPA is the first step in deciding if they are a right fit for your company. Make sure to check references to see if a BA or license was received by the CPA. Levels of education and experience can be achieved at different times in the person’s career. Try to look for a CPA with work experience or an internship if they do not currently have steady clients.
  • Size – Think of the current size of your business. Also, consider how many employees, paychecks and tax forms your company will be responsible for, for the upcoming year. When deciding on a CPA, think that the firm should match your company size. If you have 3 employees and limited tax-documents, consider a CPA with fewer clients and good reviews. If you company reaches employee numbers in the thousands and have tax documents year-round, consider a firm with many CPAs who can work jointly for your business.

Are you currently looking for a CPA in Honolulu? Check out for more information and to request an appointment!

The Value in Certified Public Accountants

When businesses require financial assistance, we immediately think they’re either using accountants, bookkeepers, or a mixture of both to ensure their financial documents and taxes are in order. However, many large financial institutions and businesses use certified public accountants who act as financial advisers. Hawaii CPA

For instance, a Hawaii CPA will work on a wide variety of financial matters, including business and personal financial planning and tax preparation. What makes a certified public accountant different than a regular accountant is the distinction that they have through their certifications.

Not only do certified public accountants need to go through rigorous testing but they must go through continued professional education in order to stay up to date on financial regulations and rulings.  CPAs are regulated by the government.

Do You Need A Certified Public Accountant?

It’s recommended that if you’re running a business of any size, you should hire a certified public accountant as it’s unlikely that you’ll have the time to spend crunching numbers or trying to understand complicated tax forms.

The Advantages of CPAs

In addition to having the confidence in knowing your taxes are done correctly each year, a certified public accountant can help you create a budget that adheres to both your current revenue and expenditure streams, and offer strategic financial planning so you understand exactly where your business stands financially. CPA’s can also help with preparing financial statements, and help you with payroll and financial software setup.

Why You Should Start Saving Money for Your Child

As any parent will tell you, kids grow up fast. One day you’re feeding them in a high chair, the next you’re sending them off to school. Though parents of young children may be more worried about finding a babysitter than planning for their child’s financial future, the truth is the future is closer than you think. You’ll want to speak with a CPA in Honolulu in order to get your child’s financial future squared away, especially to handle what is often the biggest expense of a young person’s life – college. Financial Planning

As colleges around the nation are becoming more expensive, parents must start planning earlier and earlier to ensure that their child can afford to go to a good school. A child with parents who have carefully saved money for college will likely be faced with far less student loan debt than other students. This is very important, as research has shown that such debt can have a major limiting effect on a young person’s career and life choices.

The best course of action is to consult a professional who can guide you in making financial decisions for your child’s future. An expert will be able to develop strategies for maximizing your savings and getting the best possible return on your financial investments.

A knowledgeable accountant will be able to help you work with QuickBooks or another type of money managing software to make financial record keeping a breeze. Managing finances can be a headache if you’re not experienced in the area, and a professional will reduce stress and allow you and your child to focus on the choices that really matter. Call Michael J. Yuda at (808) 838-9008 to find out how we can help you manage your child’s future!

It’s Never Too Soon to Prepare for Tax Season

Although the year is only halfway over, you may have already begun to start thinking about next year’s taxes. It’s perfectly normal to start your preparation for the upcoming tax season because, before you know it, you’ll be scrambling to get all over your information together and April will be here in no time. 2016 Tax Prep

If you’re a business owner or someone who is looking for help with their tax preparations, hiring a Quickbooks ProAdvisor can help ensure you’re ready to go when 2016 arrives. These qualified and trained tax professionals can guide you into the next year with their experience and knowledge.

Quickbooks may seem like an easy program to use, but without experience or knowledge, you may wind up with a headache and little progress. Instead of trying to do everything on your own, begin organizing your documents the old-fashioned way: with a folder system. This is a great way to keep all of your paperwork in one place so when tax season arrives, you can give your tax professional all of the information he or she will need to get things moving. Separating these folders into categories, such as receipts, invoices, or payroll information will make the entire process run smoother.

If you’re concerned about the next tax season or you’re a business owner who wants to make sure everything is being done correctly, speak with your tax advisor right away. It’s never too soon to seek advice from the person who is in charge of your taxes and finances. These accountants can usually offer tips on what you should be keeping documents of and what can be thrown away.

It doesn’t matter what kind of financial assistance you need; at the office of Michael J. Yuda, CPA, LLC, we’re here to help. If you’re looking for the best Quickbooks ProAdvisor or tax consultant in Honolulu, Hawaii, request an appointment with Michael J. Yuda today!

Hiring a Bookkeeper for Your Business

Running a small business takes a lot of time, effort, and focus. Getting caught up in aspects of your business that require more focus than others, such as computer software or employees, can cause you to lose sight of other important factors of your company — namely your financials. accounting services

There are many tax professionals servicing the great state of Hawaii, but when it comes to hiring someone to handle such a sensitive aspect of your business, you’ll only want the best person on the job. Hiring a bookkeeper for your company will serve you with numerous benefits.

Instead of trying to handle your financials by yourself, hire a professional bookkeeping and accounting service. This aspect of your business is too important to take on by yourself.

When tax season rolls around, you don’t want to be stuck paying fines or penalties from the IRS that you weren’t aware of in the first place. A professional bookkeeper has the experience necessary to properly examine and analyze your data so that you’ll be prepared for tax season. Hiring a professional to handle your accounting can also ensure everything is handled correctly in payables and receivables. A trained professional will be able to save information accordingly, so when it’s time to mail out tax forms, all the records are on file and easily accessible.

Michael J. Yuda, CPA, LLC is not only an experienced bookkeeper, but his firm offers top-notch accounting services to all of his clients in Hawaii. Schedule an appointment with Yuda to discuss the future of your personal or business finances today.

Three Financial Resources for Business Owners

If you’re a business owner, you know the importance of continuously expanding your knowledge about ways to market, expand, and better your business.  Without assistance from outside sources, it can be hard to know where to turn once you’ve run out of ideas for how to makes changes in your company. Thankfully, there are many financial resources and publications available that can help when you’re at a crossroads on a financial decision regarding your business. Quickbooks ProAdvisor

  1. Business Magazines – Magazines, such as Forbes or Entrepreneur can offer some insight on what your next financial steps should be. If your business is in its first year, it can hard to know how to handle every financial aspect of your company, so subscribing to a few business magazines can help when you need immediate answers or recommendations.
  2. Accounting Software – Accounting software is the ultimate financial resource when it comes to handling revenue, taxes, and other money-related issues within your company. Although there are many software programs available, you may still want to consider a Quickbooks ProAdvisor, which is a CPA who can help you understand all of the details in your business and provide bookkeeping services.
  3. Entrepreneurial Websites – There are a lot of websites available online to help with any questions you may have, whether they’re about your business or about your personal finances. Government websites can also help answer any questions you may have about things like taxes, marketing, and more.

When you’re looking for financial solutions, before you become overwhelmed, remember there are many resources and publications available to help you. And if that doesn’t help, find a local CPA who can answer any financial questions you may have.

Are you Looking for a CPA in Hawaii?

Finding a quality CPA, regardless of where you live or where you’re from, can feel like an impossible feat. If you’re not a U.S. citizen, you may feel like qualified CPA’s from the U.S. aren’t going to be able to help you, but this isn’t true. Finding a qualified CPA to handle your personal or company’s financial needs or, whether your business is located here or in the U.S., is possible! CPA in Hawaii

Expanded Outreach

Although Michael J. Yuda is a Hawaii CPA, his expanded outreach helps those in need all over the world. With the ability to speak Japanese, Yuda has many Japanese clients, including an outstanding relationship with a foreign Japanese firm that refers clients who are visiting Hawaii to him.

Whether you’re running a business in Hawaii or simply visiting a property you own for pleasure, Yuda is there to help you with your financial needs.

Although Michael J. Yuda’s firm proudly serves Hawaii, he is also willing to expand his outreach to any clients in need of his assistance, which even expands to Australian clients who own property in Hawaii.

Personal and Business Assistance

It doesn’t matter if you need assistance with your personal finances or your business finances; neither of these areas should be dealt with by an inexperienced CPA.

Michael J. Yuda is not only experienced with Quickbooks, but he is a certified Quickbooks ProAdvisor. This means that your accounting needs will receive one-on-one attention all yearlong — not just when tax season rolls around. When April 15 does start approaching, if you’re from another country or own a foreign corporation, Yuda will ensure that you get the extra help you need to properly handle your tax needs while in Hawaii.

When you’re visiting your Hawaii property for business or pleasure, schedule an appointment with Michael J. Yuda for any of your financial needs.