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What do you get when you combine a beloved hobby with a CPA credential? If you're John A. York of Royal Palm Beach, Fla., you start a dog-related company, operate it successfully and then add CPA services to the mix for your fellow dog-loving small business owners.
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York says expanding the six-year-old Bow-Wow Video (www.bowwow video.com), which trains and videotapes dogs in agility competitions, to include tax preparation and accounting services evolved naturally. When his customers found out he was a CPA, they started asking questions about their existing businesses and starting new ones.
There are all kinds of unique businesses out there that need the specialized functions a CPA can provide--such as assisting with bookkeeping and tax compliance and advising on the tax implications of forming an entity, York says. If you just take a look around, you may come across an area that really interests you. He's been providing CPA services to individual dog trainers, training centers and retailers of dog products--such as food, toys, bedding and treats---for more than a year now.
If you're considering a career expansion into the unknown, don't be afraid to ask questions, York says. Get advice from professionals you trust as to whether you can start and sustain a business in the area you're considering and what the advantages and disadvantages are.
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