by Henry H. Jones, CPA, CVB | Oct 9, 2020 | 1 Freedom - Financial, 3 Business Value
When you look ahead to next year, will your business’ growth come from selling more to your existing customers or finding new customers for your existing products and services? The answer may have a profound impact on the value of your business. A recent analysis of...
by Henry H. Jones, CPA, CVB | Oct 2, 2020 | 1 Freedom - Financial, 2 Freedom - Personal, 3 Business Value
There is no better way to evaluate how your company performs without you than by taking a vacation. The better your company runs on autopilot, the more valuable it will be when you are ready to sell. A recent survey by The Value Builder System™ found companies that...
by Henry H. Jones, CPA, CVB | Sep 21, 2020 | 1 Freedom - Financial, Featured
How much did your home increase in value last year? Depending on where you live, it may have gone up by 5 – 10% or more. How much did your stock portfolio increase over the last 12 months? As an example, The S&P 500 has increased by more than 9% in the last...
by Henry H. Jones, CPA, CVB | Sep 14, 2020 | 1 Freedom - Financial
Why would two companies in the same industry with the same financial performance have different values? The answer often comes down to how much each business is likely to grow in the future. A lot of successful businesses reach a point where their growth starts to...
by Henry H. Jones, CPA, CVB | Oct 17, 2018 | 2 Freedom - Personal
Bluefield High School, my alma mater, lost last Friday night’s football game, ending a 20-game winning streak. The defending West Virginia Class AA state champion Beavers lost to Lord Botetourt (Virginia) High School at home. Tom Bone’s article in the Bluefield Daily...
by Henry H. Jones, CPA, CVB | Oct 11, 2018 | Family Business, Wine Business
We visited Rappahannock Cellars for the third time Saturday. Located in Huntly, Virginia, an unincorporated community in Rappahannock County, Virginia, Rappahannock Cellars is a Virginia winery opened in 2000 by the Delmare family. We stayed with my brother-in-law in...
by Henry H. Jones, CPA, CVB | Sep 28, 2018 | Accounting, Wine Business
In this article, we discuss income accounts commonly included in a winery chart of accounts. Please see our article concerning the importance of your winery chart of accounts as an introduction to this topic. Income results from transactions that increase the value,...
by Henry H. Jones, CPA, CVB | Sep 24, 2018 | Accounting, Wine Business
As a winery owner, you wonder why your chart of accounts is important. Wait, you don’t? Well, sometimes you do but you have many other demands on your time and energy, so you may not. When an accountant says “chart of accounts” most people quickly lose interest....
by Henry H. Jones, CPA, CVB | Sep 17, 2018 | 2 Freedom - Personal, Family Business
We celebrated my father’s 80th birthday last weekend with family and friends at the gorgeous Bluefield Inn. All three of his sons were there as were his daughter in-laws and five grandchildren. Tears of joy were shed when we met the newest additions to our family, his...
by Henry H. Jones, CPA, CVB | Jan 12, 2018 | Tax and Tax Planning
Which entity should you choose for your business? Corporation Yes No Maybe Partnership Yes No Maybe LLC Yes No Maybe...
