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Mueller & Associates, CPA
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Today 8:30 am – 5:00 pm
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Tax elections...what are they and why are they important?

New businesses need to be cognizant of the various tax elections available for reporting income, valuing inventory, adopting a fiscal year, depreciating equipment and entity classification.

We have help several of our clients choose wisely and we can help you!

Call us before making your selection.
970.667.1070
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Entity Selection - there is no single right answer, though rules of thumb abound!

Call us! We can help you reach that ultimate decision with an analysis of key factors, including the ownership structure of your enterprise, income tax rules, liability protection & long-term objectives.
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Happy 4th of July to all our loyal clients!
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What does it mean to amortize a loan?

To amortize a loan usually means establishing a series of equal monthly payments that will provide the lender with 1) interest based on each month’s unpaid principal balance, and 2) principal repayments that will cause the unpaid principal balance to be zero at the end of the loan. While the amount of each monthly payment is identical, the interest component of each payment will be decreasing and the principal component of each payment will be increasing during the life of the loan.
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smartCPA™ helps with smart decisions

Mueller & Associates, CPA, the smartCPA™ will help you understand how to use your own financial reporting tools and software so you can make smartDecisions!

Don’t just take our word for it; read what our clients say at www.TheSmartCPA.com
The smartCPA™ is knowledgeable but not a “know-it-all.” It's not about what WE know - it's what YOU NEED TO KNOW to make wise financial decisions. We are up-to-date experts and visionary advisors, empowering you with the tools and strategies that work best for you.
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Make the smart decision with the smartCPA

Mueller & Associates, CPA, the smartCPA, are knowledgeable strategic advisors. They provide you the tools and strategies that work best for your business.

Don’t just take our word for it; read what our clients say at www.TheSmartCPA.com
The smartCPA™ is knowledgeable but not a “know-it-all.” It's not about what WE know - it's what YOU NEED TO KNOW to make wise financial decisions. We are up-to-date experts and visionary advisors, empowering you with the tools and strategies that work best for you.
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Have them in circles
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Depreciation: the allocation of cost of assets to periods in which assets are used.

Confused?

Call us! We will make sure you understand your options & maximize the tax savings from your depreciation write-offs, which is critical to your cash flow.
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What does overstated mean?

When an accountant states that a reported amount is overstated, it means two things:
1. The reported amount is incorrect, and
2. The reported amount is more than the true or correct amount.
For example, a company reports that its prepaid insurance is $8,000. However, the true or correct amount of prepaid insurance is only $7,000. The accountant will say that the reported amount for prepaid insurance is overstated by $1,000.
Because of double-entry accounting or bookkeeping, another general ledger account will also have a reporting error. In our example, if Prepaid Insurance is overstated (too much being reported) it is likely that Insurance Expense will be understated (too little is being reported).
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What is the difference between gross profit and net profit?

Gross profit is sales revenues minus the cost of goods sold.
The term net profit might have a variety of definitions. I assume that net profit means all revenues minus all expenses including the cost of goods sold, the selling, general, and administrative (SG&A) expenses, and the nonoperating expenses. At a corporation it may also mean after income tax expense.
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How can a company have a profit but not have cash?

A company can have a profit but not have cash because profit is computed using revenues and expenses, which are different from the company’s cash receipts and cash disbursements. In other words, there is a difference between revenues and receipts. There is also a difference between expenses and expenditures.
To illustrate, let’s assume that a new company uses the accrual method of accounting. It provides $10,000 of services to its clients in its first month and the clients are allowed to pay in 30 days. The company will have $10,000 of revenues in its first month, but the cash will not be received until the second month. If the company’s expenses are $7,000 in the first month, the company will report a profit of $3,000 but will not have received any cash from its clients.
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Hire The smartCPA™ to help with business

We can “do it all” from business strategies to billing accounts. Or, you can do it yourself, but not all by yourself. Mueller & Associates, CPA, The smartCPA™; is your resource for training, support and advice on all your business needs.

Don’t just take our word for it; read what our clients say at www.TheSmartCPA.com
The smartCPA™ is knowledgeable but not a “know-it-all.” It's not about what WE know - it's what YOU NEED TO KNOW to make wise financial decisions. We are up-to-date experts and visionary advisors, empowering you with the tools and strategies that work best for you.
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Local smartCPA™ helps Businesses in USA

Local firm, Mueller & Associates, CPA is The smartCPA™ As your smartCPA™ they help you understand and apply financial concepts, fulfill your accounting and financial needs, and help you plan for long-term outcomes to meet your future goals.

Don’t just take our word for it; read what our clients say at www.TheSmartCPA.com
The smartCPA™ is knowledgeable but not a “know-it-all.” It's not about what WE know - it's what YOU NEED TO KNOW to make wise financial decisions. We are up-to-date experts and visionary advisors, empowering you with the tools and strategies that work best for you.
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Contact Information
Map of the business location
762 W Eisenhower Blvd Loveland, CO 80537
762 West Eisenhower BoulevardUSColoradoLoveland80537
(970) 667-1070mueller-cpa.com
Accountant, Tax Preparation Service
Accountant
Tax Preparation Service
Certified Public Accountant
Tax Preparation
Today 8:30 am – 5:00 pm
Monday 8:30 am – 5:00 pmTuesday 8:30 am – 5:00 pmWednesday 8:30 am – 5:00 pmThursday 8:30 am – 5:00 pmFriday 8:30 am – 5:00 pmSaturday ClosedSunday Closed
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"Mueller & Associates is the best accounting firm I've ever worked with by far."
"They pay careful attention to details and provide sound advice."
"I highly recommend Mueller & Associates as the best CPA firm in Loveland."
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Have them in circles
17 people
Liz Otis's profile photo
Walker Reid Strategies's profile photo
Jim Clawson's profile photo
Print EZ's profile photo
Colorado Society of CPAs's profile photo
North American Professional Liability Insurance Agency, LLC - NAPLIA's profile photo
Lotis Social Media LLC's profile photo
Ingrid Bush's profile photo
Teresa Mueller's profile photo
All reviews
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Ed Ogle
3 years ago
I highly recommend Mueller & Associates as the best CPA firm in Loveland. My key points for recommending them is because they are active in the community and support many of the same causes that I support. Second, the way I conduct my business and keep records seems to agree with them. I really don't have to spend a lot of time explaining things at tax time. Third, their fees seem reasonable and in line with other firms, even ones which do not provide the same level and quality of service. I have recommended them to at least two other people as well, one of which will use them for the first time for their 2012 taxes (coming up).
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Justin Kuepper
3 years ago
Mueller & Associates is the best accounting firm I've ever worked with by far. They are very responsive via e-mail or phone to any questions and don't charge for advice. And their costs are very reasonable for a small business.
A Google User
3 years ago
We've found the Mueller's to be very helpful in our new business start up process over the past two years. They are always willing to answer questions and provide good counsel. Teresa is great at simplifying Quickbooks and getting us going on the right path. Great to work with!
A Google User
4 years ago
They seemed like nice competent people, and maybe they just have more business than they can handle, but I got zero results from this firm. I got a service agreement and quote from them and sent the required retainer in and never heard back from them. So I'm out the fee to cancel the check and still looking for help with my books.
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Kathrine Sevy
2 years ago
They are very precise and thorough. They were very easy to deal with on a personal level. We had a stressful audit and they were there for us the whole way. Everything was done by the deadlines. I can't thank them enough!
Joyce Knight
2 years ago
They pay careful attention to details and provide sound advice. Their services are outstanding.
A Google User
4 years ago
Absolutely amazing talented firm. They still send me proactive tax advice that saves me money every year. Very diversified staff to handle any of your personal or business tax or accounting needs. I highly recommend them...it's hard to find a local trustworthy firm, Mueller & Associates is it.