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How Technology is Transforming Payroll

Gone are the days in which a team of trained professionals was needed to mercilessly hammer payroll data into spreadsheet after spreadsheet, making mistake after mistake late into the proverbial night, or at least they should be.

June 15, 2021
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Five Accounting Mistakes that Can Hurt Your Business

Small business owners—especially those just starting out—have a habit of ignoring detailed accounting, in many cases running the finances of the business in much the same way that they manage their personal checkbook.

September 26, 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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IRS Issues Regulations On Property Ownership And Improvement

The IRS noted that it had received many comments on the regulations, most of which it addressed in issuing the rules. (The AICPA submitted a comment letter recommending various changes, described here.)

August 11, 2012
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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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Lawmakers Blast IRS For Targeting Conservative Nonprofits

House and Senate lawmakers on May 10 blasted the IRS after learning that the Service had targeted approximately 75 conservative groups for additional scrutiny.

October 18, 2013
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How to Speed Up Collections of Accounts Receivable

One of the top killers of small businesses is anemic cash flow. If many or most of your sales are on credit, your P&L might look great, but if you aren’t collecting what you’re owed, you can soon find yourself unable to meet large critical disbursements like payroll, taxes, or supplier payments.

December 19, 2019
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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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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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