Choosing the Right Financial Path for Your Business in the Going Out on Your Own Series by Peters Professional Education
There are generally two different ways to keep the books — cash and accrual bases. The accounting method you choose is important because it determines when you show income and recognize expenses.
So which one is best for you and your business? That’s exactly what this course is all about! In this session, we will discuss the key differences between cash and accrual accounting. We will talk about why the cash basis is generally simpler but can be misleading. We will also discuss what you typically see on most business tax returns — and why your choice of accounting method could make a big difference in your tax liability.
If you are a new business owner who just needs some guidance at an affordable price (and you are afraid of all the stuff you see out there on the internet from so-called “industry leaders” who have never actually started a business in their entire lives), the Going Out on Your Own Series from Peters Professional Education is for you!
David Peters is a CPA, financial advisor, and licensed insurance agent. You don’t need someone who just talks to small business clients. Learn from someone who is a small business owner. Learn from someone who has started several small businesses himself. Learn from someone who has experienced the struggles and triumphs of going out on your own. Learn from Dave!
CPA, CFP, CLU, CPCU, MST, MBA
David Peters is the Founder and Owner of Peters Professional Education in Richmond, VA. He is registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Advisor Representative (IAR) with Peters Financial LLC. He brings over 20 years of experience in financial services, including three years in the hedge fund industry and six years in insurance. David was the first Chief Financial Officer of Compare.com, where he served for more than three years. He holds four master’s degrees, contributes frequently to professional publications, and is a nationally recognized CPE instructor and discussion leader for Surgent seminars and a former instructor for Don Farmer. David received the AICPA Outstanding Facilitator Award in 2021, 2023, and 2024 as well as Surgent's Outstanding Discussion Leader awards in 2019 and 2022. He also co-authored the Virginia CPA Ethics course in 2018, 2019, and 2020, which is a requirement for all CPAs licensed in Virginia. Through Peters Professional Education, David is the author and instructor for over 125 recorded on-demand CPE courses and leads private trainings, in-person tax seminars, and quarterly live tax update webinars. His areas of instruction include accounting, finance, insurance, financial planning, and ethics, and he regularly teaches professionals across the United States.
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