Calling all baseball fans.

Most people know that Randy Dang is a fan of baseball, particularly a big fan of the New York Yankees. However any fan of baseball knows a good play when they see one. Today, in the big leagues, witnessing three time all-star Anthony Rizzo of the Chicago Cubs fall to his knees after hitting a homerun ranks up there in history as one of the best plays in MLB.

Check out this twitter post by Sports Center!

Anthony Rizzo fell to his knees and STILL hit the home run 💪 pic.twitter.com/HzmZ37at21

— SportsCenter (@SportsCenter) August 22, 2018

It’s reasons like that we call ourselves baseball fans at Dang & Company Ltd. not simply because Randy Dang is a big time fan of the New York Yankees but because since 1850 baseball has been referred to as a national past time. Baseball brings people together whether by playing the sport or watching it!

Go Cubs! Er … Go Yankees!

BC wildfires

Here in BC we are all concerned with the state of our province and the forest fires. It is a major concern for all residents when we look out of our windows and see smokey haze not to mention the poor air quality.

Smoke billows over the northern shoreline of Nadina Lake, B.C., captured in a photo by a helicopter pilot who has been working on the fires in the area. (Dylan De La Mare) – CBC.ca

It leaves one to wonder if this is natural selection or if there was something we could do as a province to prevent these disasters from happening or even prevent them from spreading so far? Neverthless fire prevention is always a safe practice particularly in the warm, dry months of the year.

A few tips provided by health experts on CBC.ca can assist you on how to stay safe in smoky air. Some tips include: staying inside avoiding strenuous activity, leave the mask at home (which can be counter  productive), seek large air conditioned buildings, change your vehicles air filters.

For now, at Dang and Company Ltd. we are staying inside collectively hoping for the west coast wind and rain to douse our forests and put these wild fires out. If you have any tips for us or the public please comment below.

#saveourforests

Behind every successful business is a great accountant and advisor.

Randall Dang of Dang and Company Ltd. is currently offering positions for the following job opportunities:

Tax Tips for New Parents

Randall Dang, an accountant from Vancouver, typically provides tax and other accounting services to businesses of all sizes. However, he understands that individuals might have questions about filing their personal taxes as well. Using his experience as an accountant, Randall Dang has provided the following tips for Canadian individuals and couples who have become parents. In Canada, parents may qualify for certain deductions, depending on their situation.

Although it will make your taxes slightly more complicated, these deductions can help you save big. Remember the tax filing date is April 30, so be sure to get your records and taxes in order as soon as possible. And please keep in mind that if you are not comfortable filing your taxes using tax software, you can always hire an accountant like Randall Dang who may be able to find you additional deductions to help you save even more. Here are several things to keep in mind related to deductions and children.

Child Care Deduction

You may qualify for a child care deduction if you pay someone or a child care service to take care of your child so you can go to work, school, or run your own business. The maximum you can deduct is $8000 and it must be claimed by the lower earning spouse if you are married or common-law.

Medical Expenses Deduction

Any out-of-pocket medical expenses can be combined with yours and your spouse’s to claim a larger deduction come tax time. In addition to that, you qualify for an eligible dependent credit if you’re a single parent. And if you received a Universal Child Care Benefit, you will have to include those payments on your tax return as well. Please keep all of these deductions and credits in mind to lower your overall tax bill.

When to Hire an Accountant for Your Small Business

“Should I hire an accountant?”

It’s a question many entrepreneurs ask themselves. Since owning and operating a business requires many expenses, it’s understandable that business owners are rather cautious when it comes to making decisions that will have a big financial impact. But this is exactly why you should hire an accountant. An experienced accountant can ensure your money is being spent wisely and offer expert insight on your business’ financial status as your company flourishes. So, when should you consider hiring an accountant for your small business? Reputable and highly experienced accountant Randall Dang offers the following instances:
Writing a Business Plan

A business plan explains and illustrates the vision you have for your business. In order to achieve that vision, you need a business plan that is realistic and likely to succeed. An accountant can assist with the financial analysis in your plan. This includes data for financing your business now, what will be needed for future growth, and an estimation of your operating expenses.

Determining Your Company’s Legal Structure

Businesses have different legal structures, which are determined by a number of factors. An accountant can explain the different legal business structures available and help you choose the one that best fits you.

Tracking Finances

If you start to feel like you’re having trouble keeping track of finances or you realize your budget is falling short, an accountant can take a look at your finances and help you get back on track. Randall Dang explains that an accountant can also measure key business metrics, such as salary ratio and employee payments to total revenue so you can see how these numbers change over time.

You Have to Deal with the Government
No one likes to deal with the government, especially when you have a business to operate. This is when an accountant can especially be helpful. They can help by interacting with the government and dealing with things such as complete and file the required legal business documents, prepare annual statements of accounts, handle payroll and ensure all employees’ tax codes and payments are recorded correctly, and more.

Applying for a Business Loan or Overdraft

Should you need to take out a business loan or overdraft, an accountant can help you improve your chances of getting one. Having an accountant can demonstrate to banks and lenders that you are serious about your business.

Three Tips for Getting Your Business Ready for the Holiday Shopping Season

Can you believe that we’re in the middle of September already? This means that the holiday shopping season is just around the corner. In the United States and Canada, many businesses will need a strong shopping season in order to call it a successful year. Unfortunately, there are some things that businesses can’t control. For example, it was a really warm shopping season last year in many parts of the United States, which hurt the sales of many seasonal products and apparel. However, there are many other things that businesses can control:

Hire a Professional Accountant like Randall Dang:  If you are running a small business, you may have a lot on your plate right now. This could make it extremely difficult to run the books as well. Hiring an accountant like Randall Dang to handle CFO services temporarily during the holiday season may be necessary if you can’t afford to hire an accountant full-time. An accountant can handle the bookkeeping, so you can concentrate on other pertinent matters.

Conduct Last Minute Website Testing: Let’s face it: e-commerce represents an excellent sales opportunity for businesses of any size. More people shop online on their laptops or mobile devices than ever before. You will need to make sure your website enjoys 100% uptime and is secure to ensure it can handle the busy shopping season. Be sure to do some load testing, review the content on your site, and check the security credentials on all pages to make sure there aren’t any surprises late in the shopping season.

Make Sure Your Customer Service Team Members Are Customer Service Ninjas: Whether you’re the customer service team or you’ve hired some seasonal help to meet demand, good customer service training is essential this time of year. Conduct new training, simulate real-life potential customer service situations, and maintain a strong social media presence to make sure your customers’ needs are met in this crucial time of the year for your business.

Randall Dang Names Five Great Woody Allen Movies

When Randall Dang is not in the accounting office, he is enjoying pop culture like the rest of us. Did you know that he is a big fan of Woody Allen standup? Each year around this time, Woody Allen provides the public with his latest creation. This year, the movie is called Café Society, and it is about a young man who is trying to make it in the movie industry back in the 1930s – Woody sometimes isn’t the most creative when it comes to developing a story. No matter what’s going on in the summer, you can usually count a Woody Allen film, and you can usually count on a rankings list from various publications too.

What is your favorite Woody Allen film? As a big fan of all his work, Randall Dang would find it tough just to rank them in order, but here are five that would surely make the top of the list:

Annie Hall: You can’t have a Woody Allen list without Annie Hall. This is the movie that earned Allen the highest accolades; it even beat Star Wars for the Academy Award. If you want to get into Woody Allen, you start with Annie Hall.

Hannah and Her Sisters: There are so many great performances here. Dianne Wiest and Michael Caine both won Oscars in the Best Supporting categories.

Crimes and Misdemeanors: This one’s a little darker, but it offers a great lesson in philosophy and ethics. Martin Landau plays the optometrist who plays with death in this Academy Award-nominated film.

Purple Rose of Cairo: In this movie, a character in a movie simply walks out of the movie and begins a courtship with a lonely housewife. The movie is set during the Depression and is a good satire on McCarthyism too.

Everyone Says I Love You: A Woody Allen musical? Don’t worry it’s good. The dance number at the end is one of the best moments in film ever.

Randall Dang and Others Say Goodbye to Alex Rodriguez

This Friday, Alex Rodriguez will play his final game for the New York Yankees. As a huge New York Yankees fan, Randall Dang, an accountant from Vancouver, will certainly miss him. Although Randall Dang lives on the other side of the cost, he does make it a point to attend as many games as he can during the summertime when he can make it to the Bronx. Obviously, Alex Rodrigues was a major part of his fandom for the New Yankees over the past decade.

Alex Rodriguez was certainly a polarizing figure for the New York Yankees. If there is such a thing as making too much money, Alex Rodriguez may have been hampered  by his $275 million contract that he signed in 2007 with the Yankees, which was at the time more than any other contract in baseball. Was it possible to live up to those numbers? We have seen players since then deal with similar issues – from Albert Pujols to Ryan Howard. Alex Rodriguez is scheduled to make $21 million this year and next year.

Obviously, there was the issue of the PED use as well. In 2013, Alex Rodriguez admitted to using performance-enhancing drugs, which for some fans and sportswriters, completely negated his accomplishments and statistics. Some have still not forgiven him for the incident, and some believe that his career was completely tarnished by his admitted use.

But, as a baseball fan, is it possible to consider these blemishes, but still praise a baseball player with some of the best natural talent in the game? As a Vancouver resident, Randall Dang wasn’t too far from Alex Rodriguez when he became an upstart for the Mariners. You could tell back then that he had some serious talent. He would move on to the Rangers and finally the Yankees where he became an international superstar.

He helped the Yankees reclaim their title as World Champions, beating a defending champion Phillies team that was looking to repeat. In the end, he posted Top 10 Ever level stats. In total, he has 3,114 hits and 696 home runs, which is fourth on the list for most homers. But he was also named by Sporting News as the third most hated baseball player in recent baseball history.

So as Randall Dang and other Yankees fans say goodbye to one of the more polarizing players in history, one thing is known for certain: there will never be another A-Rod.

Three Ways to Think More like a CFO

Spend a few minutes with Randall Dang, and you’ll learn very quickly that he likes numbers. Randall Dang went to school for accounting, and he enjoys several professional distinctions. He is a chartered professional accountant, a certified general accountant, and a certified management accountant. Businesses hire Randall Dang as an accountant to perform duties traditionally designated for a CFO. He helps businesses manage their finances, so leadership can concentrate on other higher order issues.

Unfortunately, when it comes to personal finances, we all can’t hire Randall Dang to do our accounting. But we really don’t need to. Even if you have never taken a course in finance, you can take control of your finances just by thinking like a CFO. So what would a CFO do to manage your finances better if he or she had the chance? Here are several ways to act more like a CFO:

Start Saving:  A business needs to have emergency cash and assets on-hand in the event of a market slowdown, new business opportunity, etc. You need to have savings too. Try to save at least 20% of your paycheck and split the rest between fixed and variable costs. If you can’t save this much right away, save what you can and see if there is a way to reduce your fixed and variable costs to meet this goal.

Use Credit Only When You Need to: If a business doesn’t have much cash on hand, it may have to rely on more expensive ways to fund daily operations and payroll. This could mean a business loan. For you, it probably means a credit card. With a credit card, you have to pay interest, which obviously you don’t want to do. Make sure you have access to cash when you need it just in case.

Put Your Assets to Their Best Use:  A good business portfolio will include a number of different assets, so it’s not reliant on just one thing. The same holds true in personal finance. Is it smarter to start paying more on your mortgage or use that money to invest in something that could potentially yield higher reward? See where you’re investing and if this is the best way to meet your financial goals.