A top CPA in Amarillo weighs in with basic accounting "best practices":
According to some of the Amarillo accounting firms we interviewed, the relationship between profit of an enterprise and compensation received by owners is complex and often indirect. Profitable operations generate resources that can be distributed to owners or reinvested in the enterprise, and investors' expectations about both distributions to owners and reinvested profits may affect market prices of the enterprise. Expectations that owners will be adequately compensated - that they will receive returns on their investments commensurate with their risks - are as necessary to attract equity capital to an enterprise as are expectations of wages and salaries to attract employees' services, expectations of repayments of borrowing with interest to attract borrowed funds, or expectations of payments on account to attract raw materials or merchandise.
Repayment or compensation of lenders, employees, suppliers and other non-owners in Amarillo for resources provided is also related to profit or loss in the sense that profitable enterprises can repay debt quicker than unprofitable ones. The same goes for having a good accounting department vs. a poor one.
Zip codes in Amarillo include: 79104, 79106, 79107, 79108, 79109, 79110, 79111, 79118, 79119, 79121, 79124
