
4 minute read
OUNilAIN
By KENT MOXEY executive vice oresident
Q OtvtE people just go to the docq-) tor...when they hurt...and when they are dying. How about people in business seeing their CPA...only for a year-end financial report and tax return?
Point is all of us need a coach in our spiritual, physical and business lives. The experts are there to help us, but we don't take full advantage. Your CPA can coach your business.
A lumber and building materials dealer contacted me a while back. He was having problems with cash in the register coming up short too often. One'can excuse a mistake once in a while, but when it comes to the cash drawer, why are the mistakes always on the short side? Here is a case where
Saturday morning with government relations.
Keynoter for the affair leading off the Friday morning program is Dr. Carl S. Winters. world renown lecturer. Leading off the Friday afternoon program is Andrew Armstrong, v.p and director of consumer affairs for the Armstrong Cork Co., Lancaster, Pa.
A U.S. congressman will start the Saturday morning session.
The usual social events will be included in the program with a golf tournament starting the activity on
Thursday. A Friday evening banquet is scheduled with Dr. Haggai of High Point, N.C., as the featured speaker.
The affair will close with the Saturday banquet. Awards to outstanding people in our industry will be made at that time.
The economic outlook has not dimmed our optimism in planning for an outstanding convention.
We urge all members to budget for the affair and make plans to attend.
May Is Home Improvement Month
How about your:
-Credit and collection system
-Budgeting and cost control
-Whole accounting system
-Relations with your bank
-Estate planning
-Planning ahead for taxes
-Employee benefits, pension and profit sharing a CPA should be called in to analyze the whole system of cash handling and make recommendations to eliminate the problem. Better yet, close business relations with a CPA may have prevented the problem.
Of course, I have been down visiting with the man at the Society of Certified Public Accountants-and I believe him! From their brochure:
"A CPA is a specialist in accounting, taxes, and business management, who will help guide your business along profitable paths. A CPA can furnish valuable management advice, counsel you on accounting aspects of your business, aid you in tax planning, prepare tax returns, assist you in securingloans as well as supply reliable financial statements, He will work for you on a part-time basis you can afford, because you use him only as you need him."
-Return on investment
-Net profit?
Are you sure your operation is in compliance with all the state and federal laws, such as:
-Truth in lending
-Consumer credit
-Wage and hour
-Sales and use taxes
-Withholding records and reports?
Your CPA can help you with all these things. Have you really tried to understand what your CPA can do for you? Take your CPA to lunch soon. Establish a regular working relationship with him. Sure it will cost you money, but I believe it will be the best investment you can make in your business.
Welcome new member of the Association: Bill Schell, The Frontier Supply Co., Kemmerer, Wy.
Thompson to Chairman ol Inland Lumber Co.
The board of Inland Lumber Co. has elected Fred S. Thomson to the newly-created position of chairman of the board and chief executive officer and Gary F. Thomson to the post of president.
One of the nation's largest independents, Inland was founded in 1946by Fred Thomson. He had served as president since its inception.
"As chairman of the board, I'll now be able to focus more of my attention on the overall direction of the company," Thomson said. "We are in very challenging economic times, and in no area is that more apparent than in the lumber industry. A strong management team with proper direction is absolutely essential in today's marketplace," he concluded.

The naming of Gary F. Thomson as lnland president marks the second generation Thomson to hold that position. He had served as assistant to the president for the past six years.
Tom W. Thomson has also been elected to the board.
Inland Lumber Co. with 1974 sales of more than $35 million, is headquartered in Colton, Ca., with a branch yard in Tustin, and buying offices in Portland, Or., and Sacramento, Ca.
Deliver lt Where?
You think you've had some goofy delivery problems lately? Consider the case of the Ebbetts Pass Lumber Co. of Arnold, Ca., which had a customer at nearby Silver Lake who wanted to build a 20' x 30'chalet on the far side of the lake. And not so much as a goat path leading to the site of the proposed home.
The solution came this way. The lumber was delivered to the lake and, literally, dumped in the water. From there a crew in a small motor launch towed the units of lumber to the far side. It took two days of making the half-mile roundtrip to make full delivery. From the landing point, the lumber was hand-carried 50 yards up the side of the hill to the chalet site.
Now completed, the hideaway is proof that the impossible dreams do, sometimes. come true.
CARVED lront entry doors appear for first time in industry standard updated by Fir and Hemlock Door Assn. Recently-elected officers inspect stock model being fabricated by the seven member companies. Past President Ben Andrews, Clear Fir Products Div., Fibreboard Corp., Springfield, Or., boasts of its workmanship to (from left) 1975 president Stan Newell, Nicolai Co., Portland; secretary Leo Kobleski, Buffelen Woodworking Co., Tacoma, Wa., and v.p. Richard Sherwood, St. Regis Paper Co., Tacoma. Newest addition to stock items are machine-carved entry doors in six basic designs with 18 panel variations. The 12-p. standard on stile-andrail and louvered doors is available free from FHDA, Yeon 8ldg., Portland, Or. 97204. The Northwest group fabricates as many as three million doors a year.