Contemplate Your Company's
a good pay and benefits structure, you can't attract and
retain the best employees.
But devising a compensation
strategy is tougher than it looks - many factors go into
paying competitively without breaking the bank. One such
factor is your compensation philosophy.
A good way to start is to consider the practices of your
peers. This doesn't mean you have to copy them. You simply
need to decide whether you want to distinguish yourself as an
employer by paying higher-than-average salaries or by paying
salaries that are merely marketplace competitive and finding
other ways to attract and retain top performers.
Another option is to use compensation to attract employees but
other means to retain them. Few small to midsize businesses
can afford to draw, motivate and retain through lavish
One idea is to pay a little more upfront with signing bonuses
that help you to get the best and brightest in the door. Once
they're in, you can help keep them by using less expensive
strategies, such as allowing flexible hours after a set period
of service, creating a pleasant working environment, and
providing praise and advancement opportunities.
Try to foster a compensation philosophy that acknowledges your
objectives without bringing on a huge financial strain. For
example, your rationale might be to pay a base salary that's a
little lower than industry peers offer but provide
opportunities for substantial bonuses for strong performance.
Or you may wish to offer equity to everyone, so that each
employee can share in your company's success.
a second opinion
It's not uncommon for a company's ownership and management to
spend many hours debating the ideal compensation philosophy.
If you're interested in a second opinion, please give us a
call. We can review your financial statements and help you
develop a philosophy that fits the size and goals of your
business. Call us at
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,