Morey, Nee, Buck & Oswald, LLC

BACKGROUND

Introduce your business and what you do there.

I’m an owner of Exam Edge LLC.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Morey, Nee, Buck & Oswald, LLC?

The vendor provides all of our Certified Public Accountant (CPA) work.

SOLUTION

What was the scope of their involvement?

They file our tax returns. We maintain a master sheet with my minority business partner, which Bill recommended we reconcile monthly. At the end of each month, I go to QuickBooks and go through all of our numbers with my business partner to agree that they match. 

Then, when the end of the year comes around there are no surprises. We have a long meeting with Bill to ensure all the numbers in QuickBooks reconcile with what’s in the master sheet. 

Bill also recommended paying my business partner 60% of net profits at the end of each month. We wouldn’t have thought of that idea without him.

What is the team composition?

I’m just working with Bill (Partner) from Morey, Nee, Buck & Oswald, LLC. He’s my one point of contact and go-to guy.

How did you come to work with Morey, Nee, Buck & Oswald, LLC?

I considered a couple of different CPAs. He stood out as the clear favorite—there wasn’t a close second. He did some free work for me before I decided to hire him. He asked me more detailed questions than any other CPA I spoke with. 

Also, it was a brilliant idea to pay my business partner in line with the months when quarterly estimates are due. It allows my business partner to make his estimated payments and it allows a safety net in case there’s an unprofitable month. 

How much have you invested with them?

It depends on the year, but we spend about $3,000 per year on average.

What is the status of this engagement?

We began working together in January of 2006, and the partnership is ongoing.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

He’s incredibly knowledgeable and detail-oriented when it comes to all the tax work. We never get it quite right, and he always seems to figure out what we did wrong. There is no possible way I could do all of my taxes without him.

How did Morey, Nee, Buck & Oswald, LLC  perform from a project management standpoint?
 
We’re mainly in contact during January and March. He is very responsive. I’ll shoot him an email with a miscellaneous tax question, and he’ll respond within about 30 minutes. He’ll even respond quickly during crunch time, which is now until April 15. Most questions I have can be handled with a quick email.

We also have an in-person meeting in-person during the first week of January per Bill’s strategic recommendation, as the Q4 estimates are due on January 15. Then, we have a to-the-penny number for the quarterly estimates.

What did you find most impressive about them?

He is the most detailed person I’ve ever worked with. I know he will never get us into trouble. He’s exceptionally conservative and by-the-books. 

Are there any areas they could improve?

I can’t think of any area he could improve.