Tips For a Smoother Month-end Close
Does your company struggle to close its books at the end of each month? The month-end close requires accounting personnel to round up data from ...
Reporting Requirement for Shareholder Health Insurance
The IRS requires that an S-Corporation shareholder report the amount paid for each officer’s health insurance as additional wages on Form W-2 Box 1 ...
Importance of Obtaining W-9s and Issuing 1099s
To make the process as quick and painless as possible, follow these tips:
Financial Statements at a Glance
Financial statements tell investors information about an organization’s financial performance, helping to ensure corporate transparency and ...
New Report Identifies High-Risk Areas in Financial Reporting
In July 2023, the Public Company Accounting Oversight Board (PCAOB) published a report that highlights common areas of audit deficiencies for public ...
7 Essential Questions to Ask Before Hiring a Bookkeeping Service
Bookkeeping services are essential to any growing business, but the idea of hiring a bookkeeper can be intimidating for any small business owner. ...
Is QuickBooks Right for Your Nonprofit?
Not-for-profit organizations exist to achieve nonfinancial or philanthropic goals, not to make money or build value for investors. But they still ...
What is Reasonable Compensation for an S Corp?
Reasonable compensation for owners of S Corporations is an IRS audit issue.
9 Signs You Need to Hire a Forensic Accountant
You own and operate a small-to-medium-sized business and have devoted your life to making this company profitable. You have sacrificed and dedicated ...