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Michel Valbrun Shares Tips With Firms About Asking The Right Questions While Hiring CPA

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Michel Valbrun, CEO & Founder Of Valbrun Group Brings In Value Based Learning For Firms/Entrepreneurs

Michel Valbrun, a reputed CPA, helps entrepreneurs and businesses understand the importance of saving money on taxes and use it as a tool to create wealth. This has helped many of his clients create generational wealth. His multiples of experience in the corporate and accounting firms helped him start his own venture ‘Valbrun Group’ – where he opened his own accounting firm. He is sharing some tips with the firm owners and brand owners on how to ask the right questions when they hire a CPA.

Question #1

Afraid of the IRS? Not suitable then. An individual with the CPA role should be absolutely comfortable and work willing, and try to engage with the idea of handling an IRS audit.

If they are overly nervous about the IRS audits or how they work, find someone else to do the job for you. Some of the tax preparers often advised: “Don’t take this deduction, even though it’s legitimate, because it might raise a red flag and get you audited.” This is a statement that comes from a place of insecurity and unpreparedness.

Question #2

Are you ready to handle IRS communications, if necessary? Hire the best tax advisor who is highly capable to deal with an IRS auditor, not you. Michel shares, ‘I cannot emphasize this point enough. It is highly advisable that you as a business/brand owner don’t converse with the IRS directly. No means no!.’

Be it a simple request or an extensive audit, the IRS could easily flood you with too much information as you are a common man who is unaware of the depth of the knowledge they hold. Your CPA should know this depth even more than the IRS.

Question #3

Have you experienced an IRS audit before? Listen to them carefully. How was their experience with the rendezvous? Ask them a few examples if you don’t understand something. Also feel free to understand how it ended at the end. There can be 100 different scenarios in your case, however, it is necessary to understand how they react in such instances.

Losing an audit means losing a huge refund for the client. In some cases, it means a huge tax refund if the auditor won. In fact, it is better if the taxpayer was better off losing when you combine the two years of tax paid.

Question #4

Do you know how to build a relationship with an IRS auditor? This is a moment changing answer usually. CPA with good people skills can make the IRS auditor feel comfortable and really do their best to coax them. Auditors usually have a really tough job, and building rapport with them can make a big difference in the results.

Keeping proper documentation of expenses can keep the tax return in check. Always ask for a list of the documents you need to keep for emergencies. It’s critical to keep good records. Led and mentored by Michel Valbrun, most small and medium-size businesses can easily reduce their tax burden legally and ethically. To get some tax or finance saving advice from the genius himself, check out Michel’s website and save all your money to create wealth for the upcoming generations.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Turning Tragedy into Triumph Through Walking With Anthony

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On the morning of February 6, 2010, Anthony Purcell took a moment to admire the churning surf before plunging into the waves off Miami Beach. Though he had made the dive numerous times before, that morning was destined to be different when he crashed into a hidden sandbar, sustaining bruises to his C5 and C6 vertebrae and breaking his neck.

“I was completely submerged and unable to rise to the surface,” Purcell recalls. “Fortunately, my cousin Bernie saw what was happening and came to my rescue. He saved my life, but things would never be the same after that dive.”

Like thousands of others who are confronted with a spinal cord injury (SCI), Purcell plunged headlong into long months of hopelessness and despair. Eventually, however, he learned to turn personal tragedy into triumph as he reached out to fellow SCI victims by launching Walking With Anthony.

Living with SCI: the first dark days

Initial rehabilitation for those with SCIs takes an average of three to six months, during which time they must relearn hundreds of fundamental skills and adjust to what feels like an entirely new body. Unfortunately, after 21 days, Purcell’s insurance stopped paying for this essential treatment, even though he had made only minimal improvement in such a short time.

“Insurance companies cover rehab costs for people with back injuries, but not for people with spinal cord injuries,” explains Purcell. “We were practically thrown to the curb. At that time, I was so immobile that I couldn’t even raise my arms to feed myself.”

Instead of giving up, Purcell’s mother chose to battle his SCI with long-term rehab. She enrolled Purcell in Project Walk, a rehabilitation facility located in Carlsbad, California, but one that came with an annual cost of over $100,000.

“My parents paid for rehabilitation treatment for over three years,” says Purcell. “Throughout that time, they taught me the importance of patience, compassion, and unconditional love.”

Yet despite his family’s support, Purcell still struggled. “Those were dark days when I couldn’t bring myself to accept the bleak prognosis ahead of me,” he says. “I faced life in a wheelchair and the never-ending struggle for healthcare access, coverage, and advocacy. I hit my share of low points, and there were times when I seriously contemplated giving up on life altogether.”

Purcell finds a new purpose in helping others with SCIs

After long months of depression and self-doubt, Purcell’s mother determined it was time for her son to find purpose beyond rehabilitation.

“My mom suggested I start Walking With Anthony to show people with spinal cord injuries that they were not alone,” Purcell remarks. “When I began to focus on other people besides myself, I realized that people all around the world with spinal cord injuries were suffering because of restrictions on coverage and healthcare access. The question that plagued me most was, ‘What about the people with spinal cord injuries who cannot afford the cost of rehabilitation?’ I had no idea how they were managing.”

Purcell and his mother knew they wanted to make a difference for other people with SCIs, starting with the creation of grants to help cover essentials like assistive technology and emergency finances. To date, they have helped over 100 SCI patients get back on their feet after suffering a similar life-altering accident.

Purcell demonstrates the power and necessity of rehab for people with SCIs

After targeted rehab, Purcell’s physical and mental health improved drastically. Today, he is able to care for himself, drive his own car, and has even returned to work.

“Thanks to my family’s financial and emotional support, I am making amazing physical improvement,” Purcell comments. “I mustered the strength to rebuild my life and even found the nerve to message Karen, a high school classmate I’d always had a thing for. We reconnected, our friendship evolved into love, and we tied the knot in 2017.”

After all that, Purcell found the drive to push toward one further personal triumph. He married but did not believe a family was in his future. Regardless of his remarkable progress, physicians told him biological children were not an option.

Despite being paralyzed from the chest down, Purcell continued to look for hope. Finally, Dr. Jesse Mills of UCLA Health’s Male Reproductive Medicine department assured Purcell and his wife that the right medical care and in vitro fertilization could make their dream of becoming parents a reality.

“Payton joined our family in the spring of 2023,” Purcell reports. “For so long, I believed my spinal cord injury had taken everything I cared about, but now I am grateful every day. I work to help other people with spinal cord injuries find the same joy and hope. We provide them with access to specialists, funding to pay for innovative treatments, and the desire to move forward with a focus on the future.”

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