David Goldfarb: Accounting and Tax

David A. Goldfarb, CPA, runs a full service accounting firm in St. Louis. He has over two decades of experience in all matters of accounting and taxation, IRS problem resolution, estates and trusts, business formation, real estate and business sales and acquisitions. He is an adjunct Professor of Accounting at Lindenwood University. Additionally, he serves on the Advisory Board at Allied College and he is an Eagle Scout. David recently undertook a cultural and friendship trip to Hattieville Seven Day Adventist School, Belize.

Interviewed by Stephen M. Thompson, Ph.D.

Welcome to OpenBeast. Tell us a little bit about yourself.

Thank you. I was born and raised in St. Louis (went to Parkway North High School). I got my BS degree in Accounting from the University of Missouri-Columbia in 1989 and passed the CPA exam shortly afterwards. My MBA came in 2001 from Maryville University in St. Louis. For the past 20+ years since college, I worked in accounting for both small private companies and small public accounting firms until I decided to form my own firm just over four years ago.

Talk to us about your accounting firm and the service you offer.

I service both individuals and small private companies in all areas of accounting, including income tax preparation, planning and consulting, putting together financial statements or auditing them, preparing payroll, retirement and estate planning, business organizations (such as choosing the appropriate entity type and filing the necessary documents) and pretty much any other financial needs people might have.

So what do you teach at Lindenwood University?

I have taught a graduate level Accounting Cluster which is like three courses rolled into one, including Financial Accounting, Managerial Accounting and Accounting Case Studies.

Linsey Daman at Belize

Describe your recent cultural opportunity at Belize?

This was a great experience. I went with a friend, Linsey A. Daman, who is the Director of the Cultural Arts Center of St. Louis. We had the chance to visit an elementary school and learn about the education system in Belize. It was a small school with just three multi-grade classrooms. The classes are taught in English, the official language, and most also speak Spanish. Linsey was able to give each class a short French lesson as that is one of her specialties. We also gave each student a Friendship Pin with the American and Belize flags crossed.

What is your best achievement thus far?

I am proud of a lot of accomplishments, but the crowning achievement would be starting my own accounting firm. Doing so in March 2008, at the start of a down economy, was an even greater achievement in my mind. It has grown to a level I am proud of, though there is certainly still room for further growth. It has not been easy, but it has been rewarding.

Any message for potential clients?

Please give me a call (314-275-9125) if they have any financial, business or tax questions. I will be happy to meet with anyone for a complimentary half-hour consultation where they can get an understanding of my services and make sure there is a good fit. I also believe in open communication, so I don’t charge for simple phone calls. Also, no account in too small and no issue is too insignificant.

What are your leisure time activities?

I love to travel and experience the world. I also enjoy spending time relaxing with family and friends, playing with my nephews (12 and 8), and playing piano.

If you could live anywhere where would you build your dream home?

That’s a tough question. I have seen many beautiful places in the world. I love Victoria, BC, Canada, the Loire Valley in France, the castles of Ireland… All in all, though, there is nowhere I would rather live than in the USA. I also enjoy the ocean, so maybe Maui, Hawaii or Coronado, California (as long as I can take all my family and friends with me).

Thank you.

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