Lord Accounting and Tax Certified Public Accounting Firm

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Lord Accounting and Tax Certified Public Accounting Firm

Lord Accounting and Tax Certified Public Accounting build its clientele from other tax preparers that

09/03/2026

Some of the best clients take time.

A little over 20 years ago, I worked in the banking industry.

One of my most valuable clients was a successful medical practice. It took me two years to earn that relationship.

Once I did, it became a great relationship for everyone involved. I was able to help the physician and the practice, and their business was valuable to the bank.

But my biggest client?

That relationship took five years to land.

Five years of staying in touch.
Five years of building credibility.
Five years of being patient and consistent.

And when the opportunity finally came, that client became the largest client I had ever brought to the bank.

More than 20 years later, that experience still reminds me of something important as I continue building my CPA practice:

Great clients—and great things—often take time.

Not every conversation turns into business today. Not every prospect is ready when you first meet them. Sometimes your job is simply to stay visible, continue providing value, and keep building trust.

You never know which relationship you’re developing today could become one of your most valuable relationships five years from now.

Be patient. Be consistent. Keep showing up.

Serving you with Integrity and Excellence.

09/01/2026

📊 Something I See Business Owners Miss…

One thing I see with some of my clients is that they’re working hard, bringing in revenue, paying bills, and keeping the business moving—but they’re not always taking the time to stop and review what the numbers are actually telling them.

As we start September and approach the end of the 3rd quarter, here’s my advice:

Don’t wait until tax season to find out how your business performed.

Take some time now to review:

✅ How does your revenue compare to this time last year?

✅ Are your expenses increasing faster than your revenue?

✅ Are you profitable but still struggling with cash flow?

✅ How much money is sitting in accounts receivable?

✅ Are there expenses that have slowly increased without you noticing?

✅ Based on your current results, are you on track to meet your goals for the year?

And one of the biggest things I see missed:

👉 Tax planning.

There are decisions you may be able to make before December 31 that could impact your tax liability. Finding out about them when your tax return is being prepared may be too late.

Your financial statements shouldn’t just tell you what happened.

They should help you decide what to do next.

That’s the difference between simply keeping the books and actually using your numbers to manage your business.

💬 Business owners: When was the last time you actually sat down and reviewed your financial statements?

08/26/2026

📚 Always Learning. Always Improving. Always Serving.

Today and tomorrow, I’m attending the Georgia Society of CPAs Southeastern Accounting Show to earn CPE and continue expanding my knowledge as a CPA.

One thing I’ve learned throughout my career is that you never stop learning. Tax laws change. Accounting standards evolve. Technology changes. And the challenges business owners face continue to change as well.

My responsibility to my clients goes beyond simply knowing what I knew yesterday. It means continuing to learn, staying current, and finding better ways to help them make informed financial and business decisions.

I’m looking forward to bringing back new ideas, strategies, and knowledge that I can put to work for the businesses and organizations I serve.

Because continuing education isn’t just about maintaining a CPA license—it’s about becoming a better advisor for my clients.

Serving You With Integrity and Excellence.

08/24/2026

💰 Business Owners: Are You Paying More in Taxes Than You Need To?

One of the things I regularly tell business owners is this:

Always look for LEGAL ways to reduce your tax burden.

That doesn’t mean being aggressive or trying to hide income. It means understanding the tax rules and making sure you’re taking advantage of deductions that are legitimately available to you.

🚗 One deduction you may be overlooking involves your personal vehicle.

Do you use your personal vehicle to:

➡️ Visit clients or customers?
➡️ Travel between business locations?
➡️ Make bank deposits?
➡️ Pick up business supplies?
➡️ Attend business meetings or networking events?
➡️ Handle other business-related errands?

Those business miles may have tax value.

Depending on how your business is structured, a properly established reimbursement arrangement—such as an accountable plan for an S corporation or corporation—may allow the business to reimburse you for qualified business mileage while deducting the expense.

⚠️ But documentation matters.

You should maintain a contemporaneous mileage log showing the date, business purpose, destination, and business miles driven. Simply estimating your mileage at tax time isn’t the approach I recommend.

A few miles here and there may not seem like much, but over an entire year, they can add up.

Good tax planning isn’t just about preparing a tax return. It’s about knowing what opportunities to look for BEFORE the year is over.

Are you tracking the business miles you put on your personal vehicle?

👇 Yes or no? Let me know in the comments.

📅 Need help identifying tax-saving opportunities in your business?
Schedule a conversation with me and let’s discuss your accounting and tax needs.

Serving You with Integrity and Excellence.

08/17/2026

🚨 Business Owners: Keep Your Eyes on Your Accounts Receivable!

One thing that continues to stun me is how many businesses focus heavily on making the sale but don’t put nearly enough attention on collecting the money.

You can show a profit on your income statement and STILL run out of cash.

If your customers owe you $50,000, $100,000, or more—but you can’t collect it—that money isn't available to:

💵 Make payroll
💵 Pay vendors
💵 Pay taxes
💵 Make loan payments
💵 Reinvest in your business

And yes… poor accounts receivable management can eventually contribute to a profitable business going bankrupt.

As a business owner, you should know:

➡️ How much is currently owed to you?
➡️ How much is over 30, 60, or 90 days old?
➡️ Who are your biggest problem accounts?
➡️ Who is actually responsible for following up?

Your A/R Aging Report should not be something you look at only when cash gets tight.

I'm stunned at how often this gets overlooked.

Business owners and accountants—what's the oldest receivable you've ever seen sitting on a company's books? 👀

I have a feeling I'm going to hear some interesting answers. 😂

08/05/2026

Business owners, here's a question...

How do you know if your pricing is right if you don't measure your profit margins?

How do you know if you're hiring the right people if you don't measure labor costs and productivity?

How do you know whether to expand, cut expenses, or invest if you don't measure your cash flow and key performance indicators?

You don't know what you haven't measured.

Too many business owners make important decisions based on feelings, assumptions, or what's in the bank account today.

Successful businesses make decisions based on data.

Your financial statements tell you what happened.

Your KPIs tell you why it happened.

Together, they give you the information to make informed, confident business decisions.

Information is power. Measured information is profitable.

Question: What is one number in your business that you monitor every month besides your bank balance?

07/15/2026

🎉Sending the happiest birthday blessings to Raymon Lester, CPA, MBA. May your day be filled with joy, great food, and God’s continued blessings and favor. Enjoy your day, Ray! 🔥🐟🎣

Like, comment, share and follow Lord Accounting and Tax, Inc. for more tips.

Turn your dreams into reality for your business by scheduling a strategy analysis with me using the link below.
https://www.raymonlestercpa.com/calendar

07/13/2026

As your organization grows, there may come a time when a lender, grantor, board of directors, or other stakeholder requires compiled, reviewed, or audited financial statements.

The mistake many organizations make is waiting until that requirement arrives before preparing.

One of the first questions to ask is:

What basis of accounting should your organization be using?

Common bases of accounting include:
• Cash Basis – Records income and expenses when cash changes hands.
• Accrual Basis (GAAP) – Records transactions when they are earned or incurred, regardless of when cash is received or paid.
• Modified Cash Basis – A hybrid approach that combines elements of both cash and accrual accounting.
• Tax Basis – Financial statements prepared using the rules applied for income tax reporting.

Now ask yourself:

✔️ Are your books currently maintained using the required basis of accounting?
✔️ If an accountant requested supporting schedules and documentation today, how prepared would your organization be?
✔️ Would your accounting records withstand the scrutiny of a review or financial statement audit?

Preparing early can save your organization significant time, reduce costs, minimize stress, and help avoid unpleasant surprises during the engagement.

Good financial reporting isn’t just about compliance—it’s about building credibility and giving management confidence in the numbers they rely on to make decisions.

The best time to prepare is before you’re required to.

07/04/2026

🇺🇸 Happy 4th of July!
As we celebrate the freedom to dream big, build businesses, and create opportunities, I hope you have a safe, relaxing, and enjoyable holiday with family and friends.

When the celebrations are over, if you're ready to take your business to the next level, let's connect.

Whether you're looking for a trusted CFO, Remote CFO services, strategic financial planning, better cash flow management, or financial solutions to help you grow with confidence, I'm here to help you make smarter financial decisions and build a stronger business.

The right financial strategy can make all the difference.

📅 Ready to talk? Click the link below to schedule a call with me. Let's discuss your goals and create a plan to help your business thrive.

https://www.raymonlestercpa.com/calendar

06/21/2026

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✳️ Turn your dreams into reality for your business by scheduling a call with me using the link below.
https://www.raymonlestercpa.com/calendar

Address

Atlanta, GA

Telephone

+14048514338

Website

http://www.lordaccountingtax.com/

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