Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 11 · column 4 of 7 · from the scan, no model involved
Tax planning
key to success
By DONALD DEL ROSSO
Democrat Staff Writer
Q. Earl Yancey is of that rare breed of specialists in the accounting field who can accommodate the needs of the average taxpayers.
“I basically serve anyone,” said Mr. Yancey, who opened his Warrenton office Feb. 4. “I’ve done everything from the short form to the most complicated return . . .I’ve never turned anybody away.”
However, he said his business will concentrate on two areas: Tax planning and auditing.
The purpose of planning is to set a goal and to achieve it, said Mr. Yancey, a Culpeper resident.
“Basically, what happens with so many small businesses is that they grow too fast, or they have no procedure for controlling that growth or knowing how well they’re doing,” he said.
Steady cash flow, for example, doesn’t necessarily mean a business is in good financial health, Mr. Yancey said.
“Planning is the key to success or failure,” he said.
But planning of this sort not only addresses the immediate business concerns a merchant might have, it also provides for a college fund for one’s ^children, a retirement plan and contingencies
in the event the business owner dies or becomes disabled, he said
. To develop that aspect of his business, Mr. Yancey bought the syndication rights to a financial planning system designed by the Kansas ac
90.7%