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Key Risks to Consider Before an Internal Audit

The focus of Internal Audits (IA) is to diagnose the needs for compliance, risk management, and governance as it pertains to a companies purpose. IA has shifted from a team designed to provide assurance to a strategy group meant to meet the ever-changing landscape of business and technology.

April 1, 2020
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What’s the Difference Between Forecasting and Budgeting?
What’s the Difference Between Forecasting and Budgeting? No matter what type of business you’re running, budgeting and forecasting should be terms you know just as well as accounting. Both are crucial for the success of any business. While they both deal with your business financials, they are different in how you use them as a...
February 7, 2020
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What Does Robot Process Automation Mean To Accounting?

With the emergence of Robot Process Automation (RPA), a slew of questions arise. What is the role of RPA? Can RPA help my small business? Will RPA automate the accounting process to the point that accountants are no longer needed, and people lose their jobs?

April 14, 2020
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Why Having An A/R Collections Policy is a Must

An A/R collections policy is an absolute must for any business that wants to operate efficiently. A strong policy will ensure continuity throughout the business, make sure that losses are minimized, and resources are allocated efficiently, and that customers are treated fairly and continue using the business’ services.

April 23, 2020
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What To Know About Switching From Contractors to Full-Time Employees

Not so long ago, independent contracting was a much more fringe form of employment, oftentimes reserved for seasonal and freelance work.

December 23, 2019
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What Is A Schedule C Form? An SMB Guide

Tax season is upon us! It’s the time of year us mere mortals are tasked with decoding the alphabet soup that is IRS tax forms. There is the potential that things can sound even more confusing once you are no longer filing just a standard tax form.

April 7, 2020
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Inventory Mistakes That Can Cost Your Business
Inventory Mistakes That Can Cost Your Business As a business owner, inventory is one most important aspects of your company. Without enough stock, you could have unhappy customers and lose business. If you have too much, you could lose money in storing your excess capital. If there is one area that causes companies to succeed...
February 19, 2020
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Important Differences Between Profit and Profitability

When running a small business, you come across a lot of jargon being tossed around. You may hear words like “profit” and “profitability” and mistake them to mean the same thing.

March 26, 2020
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American Taxpayer Relief Act Extends Bush-Era Tax Cuts

In the early hours of January 1, 2013, the Senate passed, by an 89-8 vote, the American Taxpayer Relief Act of 2012 (P.L. 112-240), which, along with many other provisions, permanently extends the so-called Bush-era tax cuts for low- and middle-income individuals.

January 11, 2013
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Business Executives Optimistic About Hiring Plans

Last Friday’s U.S. Department of Labor report on August employment showed that current hiring trends are still relatively weak.

September 10, 2013
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