When you own your own business it is important to enlist the help of an accountant in order to provide audit services. This is because it provides documentation that you are dealing with the financial aspect of your business in the correct way and can be used as evidence if any issues arise.

Often contracting labor makes sense for good reasons such as: specific skills may be required for a short-term project; more personnel may be required to get through a seasonal busy period; the company may not be financially able to attract top talent for an employer/employee relationship.

Entrepreneurs thrive on a DIY mentality: Do everything you can yourself and don’t pay for anything new until you have absolutely have to. It’s especially difficult to justify hiring financial help like a bookkeeper.

The EIC is a tax credit provided to help offset the basic living expenses (including FICA taxes) of low income employees.

Needless-to-say but the best form of preparation is making sure that your books are always up to date. A monthly or yearly service from a professional tax consultant or accountancy firm goes a long way to being prepared for an audit.

An Embezzlement Prevention Guide for Small Businesses.

Embezzlement is a crime of opportunity and trust. The best way to prevent embezzlement is to first, be honest in your activities. Leaders must lead by example.

In today’s workplace many workers are paid different rates of pay for working different shifts or days outside of the normal Monday to Friday workweek. There is one situation in which an employer may actually credit part of an employee’s pay against any overtime pay that may be due…