Our Story
Everybody Likes a Story, Here’s Ours.
Mike Faremouth, BSEE, MBA, EA
Bio
Our Story
Mike Faremouth is the Owner and Principal of Engineered Accounting Solutions, LLC. Mike started Engineered Accounting Solutions in 2017 (formerly, The Mobile Accountant), dedicated to serving small businesses.
Unable to obtain his CPA credential (because of hiring practices) after passing the exam in 2016, Mike started his own firm to help the underserved small business market, targeting Construction Contractors, Small Manufacturer's and Transport and Logistics Providers.
Prior to this, Mike was an Adjunct Faculty Instructor at Oakland Community College where he taught a four-credit hour Managerial Accounting course. Concurrent to this, he was also an Tutor/Exam Prep Instructor, at Walsh College where he assisted students at all levels of accounting from introductory coursework through CPA Exam prep.
Previous to his work in accounting, he held positions with several manufacturing firms including Remy International (as a Project Manager) and Rostra Accessories (as a Product Line Manager) for Automotive Aftermarket systems and components. At Rostra, he was successful in developing a database tool and process to prioritize all projects based on cost, timing and resources required to develop and launch.
In addition, Mike held positions with Hitachi Automotive Systems (as a Sr. Program Manager for hybrid electric motors and Li-Ion battery packs), and Ford Motor/Visteon (in various roles related to energy management and vehicle exterior lighting). At Hitachi, he oversaw the launch of Hitachi's first complete hybrid system for the GM Saturn Vue vehicle.
Education/Credentials
- MBA-Finance, (Honors), Wayne State University, Detroit, MI.
- B.S. Electrical Engineering, University of Michigan, Ann Arbor.
- Completed 30 credit hours of Accounting and Tax coursework with an aggregate GPA = 3.9/4.0.
- Enrolled Agent authorized to represent Clients in all matters before the IRS.
- QuickBooks (Online) advanced ProAdvisor.
- Licensed Insurance Agent (State of Michigan) for life and health policies.
Our Focus
Engineered Accounting Solutions is focused on Construction Firms, Engineering Service Companies, Small Manufacturers and Transport/Logistics Providers.
That doesn’t necessarily mean that we automatically exclude businesses outside these sectors or spaces.
However, our manufacturing experience and prior work history gives us a unique understanding of the complexities associated with these types of companies that allow us to leverage our background and give owners the insight they need to run their operations more efficiently and effectively. We know the lingo and their pain points.
Compliance is only one aspect of the value an Accountant should bring to their Client. Accountants should also help Owners understand their financial performance or tax situation so they’re poised to make better decisions in less time as they grow their company – Read more about Our Firm. Whether you’re a Schedule C Filer-Sole Proprietor/SMLLC, a Pass-Through Partnership or S-Corporation or “stand-alone” C-Corporation, let us discuss your unique situation.
We Enjoy Helping Clients
I genuinely enjoy helping Clients solve their problems. Whether it’s a complex compliance issue or giving advice, I get satisfaction knowing that I’ve helped Clients make progress.
Boring Accountant Humor Corner
Tax Humor
A Face Palm defined. The elation you feel when you receive a tax refund until you realize that it was your money to begin with!
More Humor
You should try and be subtle and tactful in telling someone when they’re wrong. The video in this link is not that example.
