Los Angeles Coating, Inc.
I would like to tell you about something I did that allowed my business to finally take off.
I own L.A. Coatings, Inc. located in the City of Vernon. My Company manufactures and fabricates specially coated paper.
I opened up an envelope written to me from Wexler Video, Inc. In that letter a business owner, Mr. Bob Wexler, describes the business relationship he has with his CPA’s, Michael Russo & Company, for over 15 years.
I was intrigued. What Mr. Wexler described sounded like a dream. It sure was not my experience with my CPA’s.
Then I got another letter from Mr. Barry Weiner who owns Homeowner’s Marketing Services, Inc., in North Hollywood. Mr. Weiner described his 26 year business relationship with Michael Russo & Company.
Wow. What these 2 entrepreneurs described was what I wanted. What I needed.
Yet, I had been with my CPA for many years and I do not like changing my CPA any more than you do. But I knew I had to do something.
So, I called Michael up and spoke with him. I had no idea who he was. I just felt like my business was missing something. I asked him what he does for his clients and most of all what he can do for me.
He told me that his Company is a very unique type of CPA firm.
Michael said that “We work almost exclusively with entrepreneurs and high net worth individuals. We create business and tax ideas, strategies and structures that cause entrepreneurs to produce the business results they say they want to have while paying the absolute minimum amount of taxes.”
My response was what does that mean? Michael replied, “This is what we do:
First thing is I come out to meet you and see your business. I want to come to you because I want to get a feel for the business.
When I am there, I will generally take a tour of the business and get a sense of what the Company does, its history, purpose and vision, what problems does the business solve for its customers, how does the business operate, what actions is the business taking and what operating results are those actions producing.
I then look at the financial results, financial statements and tax returns, of the business and yourself. I examine the tax and business strategies of the Company.
3301 Leonis Blvd., Vernon, CA, USA 90058
Tel. No.(323) 582-6594
Fax No. (323) 582-8577, (323) 582-3365
We then talk about your goals for yourself, your family and your business. What do you want and when do you want it.
Once we assimilate this information we advise you on how to better accomplish your business’ objectives with emphasis on:
Tax and business planning to reduce your tax obligations to the absolute minimum allowable income and estate tax, increase the business’ cash flow and protect your current and future assets.
What business steps need to be taken to achieve the business results you say you want. We operate like your business is our business, your goals are our goals, and your life is our life. Given that, what would we do if we were you.
Michael said these meetings are very similar to his business and tax makeovers that are published in the Los Angeles Times. I asked Michael how much he charges for this meeting. He said the first meeting is at no charge. The purpose of the first meeting is to see what value we can add to your business and if we can work together to accomplish your goals.
I met with Michael. That was almost 5 years ago.
Michael noticed something on the plant tour that when he examined my Corporate tax returns, he said they are not correct. We were paying too much money in taxes.
Michael proceeded to correct our tax returns and get me a $106,100 tax refund for overpaid taxes. Michael also filed our current years’ tax returns.
Michael did all this while I was still using my old CPA. Let me explain. I was so concerned about changing my CPA’s that I hired Michael and still keep my old CPA. They both did my tax returns. I paid both of them. I was concerned about changing CPA’s. I do not like changing CPA’s any more than you do.
Michael’s tax planning keep giving me lower taxes and Michael’s business advice was far superior. I filed the tax returns that Michael prepared for us.
The IRS audited Michael’s amended tax returns and accepted them as Michael amended them. Michael was right. I got my $106,100 with the IRS’s approval. I immediately put the money to work for me creating more business. I also finally fired my old CPA who cost me a fortune in extra taxes over the years. I had no idea that my old tax returns were destroying the future of my business.
Michael Russo and Company also revised my monthly management reporting systems so that I now have better controls on my business. Michael got me a revised working capital loan and new equipment financing saving me significant interest expense.
Today, with the assistance of Michael Russo and Company, my business is flourishing, while my competitors are struggling.
Michael is the first CPA I ever met who came into my office and actually did what he said he would do. In fact, he has done much more. Michael exceeded my expectations.
I strongly advise you to call Michael and set up a meeting to meet with Michael personally and see what he can do for you. Call Michael at 310.777.8825 or 818.501.6644.
Los Angeles Coating, Inc.