By now, most have heard of the Affordable Care Act passed by Congress a while back. Despite its pending arrival, many still have questions about how this will affect their businesses and their employees. We thought we’d take a minute to outline a few of the higher points of this legislation and what it will [...]
A Review of Some General Accounting Concepts
May 1, 2012 by · Leave a Comment
When you’ve been working at something long enough, you start to assume that everyone around you shares the same knowledge and basic understanding of your subject matter expertise. For this post, we thought we’d get back to basics with a simple primer to cover some general accounting concepts. First, Asset vs. Expense. When a business [...]
Helpful Inventory Control Tips
April 16, 2012 by · Leave a Comment
Inventory typically represents 45-90% of all expenses for a business. It is critical to the accounting process and to the health of your business overall that you employ proper inventory control to protect your precious capital. Inventory control systems can range from simple physical counting and paper tracking methods to technological barcode scanning and computer [...]
Internal Controls for Non-Profit Organizations
April 2, 2012 by · Leave a Comment
In today’s increasingly transparent world, it is critical that non-profit organizations institute a solid set of internal controls to safeguard assets and protect themselves from theft, fraud and/or waste. Though this topic can be difficult to discuss where so many willing and helpful volunteers offer their time and talent for little to no financial compensation, [...]
Employees or Contractors
March 16, 2012 by · Leave a Comment
Do you have more work than you can handle? Are you thinking of bringing someone on to help out? Should you hire them as an employee, or make them a contractor? Here are some points to consider: First, the IRS common law rules: the IRS offers 3 categories to help determine the degree of control [...]
Accounting Services
Consulting Services
