What do butterflies, birds, and ballet have in common with accounting? Ask LSL CPAs partner, Lisa Favor, who has been a dancer since she was six years old. “Having a solid connection between the outdoors, classical music and dancing, especially during tax season, keeps my mind and spirits in good order.” Plus, as in dancing, accounting is about striving to “hit the mark.” Each discipline serves the other.
Lisa learned to love accounting from her dad, who used to take her with him to his medical clients each month, where she would busy herself with coloring books while he did the accounting. When she was 21, she started her accounting career in her father’s CPA firm while still in college. Early on she became the business manager for a large hospital-based medical group, “from which I learned, first-hand, the internal business needs of that industry,” she says.
In her care for her clients, she focuses on achieving financial security. One of Lisa’s passions is working with business owners to eliminate debt, save taxes, and build savings through individualized cash-flow planning. “I tailor my financial and tax advice to each client’s financial goals, which brings a unique and holistic approach to our service.”
Great Clients for Lisa… Medical groups, hospital-based groups, and high-net-worth individuals are excellent fits for Lisa’s talents and background. She orchestrates a service we call “Virtual Office,” which acts as a back-office for hospital-based medical groups without their own office. We pay bills, run payroll, and produce financial statements with useful dashboards; all while intermingling tax-savings measures throughout the business structure.
LSL Candidate Tip … “I absolutely love unraveling tax law and making it work for my clients. Saving taxes builds wealth, so that is a big motivator for me.” She also feels proud that the CPA code of ethics represents integrity, due care, and protection of the public.
Personal … Lisa loves to dance, but she and her CPA husband also enjoy swimming in the ocean, family -time, their awesome friends and watching birds together. They have two grown children, and it’s her husband who grows the milkweed to attract the butterflies (and birds) to their garden. “God gives us free resources for our best living: nature, music, relationships, exercise. Now let’s take the resources from your hard work and make them an enhancement to your life.”
Professional and Civic Involvement:
Firm member, PrimeGlobal
AICPA
Cal Society of CPAs
National Charity League
Education:
Bachelor of Science in Accounting from San Diego State University