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Burns & Bynum Address Small Business Owners and Wake Tech Students with Business Optimizing Tips

CARY, NC (March 4, 2010) - 

CPA PA, one of the Triangle’s premier CPA firms, participated in the Smart Business Series sponsored by Wake Tech and the Cary Chamber of Commerce. Burns & Bynum’s two founding partners, Lanny Bynum and Kathy Burns, addressed a group of small business owners and Wake Tech students at the Wake Tech campus on the topic, “Working Smart for Profitability and Increase Your Bottom Line through Effective Tax Planning.” They discussed the following points, which are strategic considerations for optimizing a business:

  • What is profitability?
  • Working smarter – what does it mean?
  • Choose the most advantageous structure for your business.
  • Independent contractor vs. employee
  • Take advantage of net operating losses for tax purposes.
  • Retirement plan options for small businesses.

“The response from the group was phenomenal,” said Kathy Burns.  “Making presentations such as these to small business owners is very gratifying and confirms the challenges facing most of them.  The positive energy and passion they have for their businesses reinforces our firm’s commitment to serving them.”

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