What is Residual Fraud Risk — and What Can Your Business Do About It?
By regularly analyzing risk, business owners and executives can better understand and manage the likelihood and potential impact of fraud. Generally, ...
Cash Flow Management: 3 Tips from an Accounting Firm
Cash is essential to the health of your business. It's the accelerator that enables growth and ensures the business's very survival. To help business ...
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. ...
Divorcing Business Owners Should Pay Attention to the Tax Consequences
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters ...
IRS Suspends Processing of ERTC Claims
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at ...
Why Can’t My Profitable Business Pay Its Bills?
If your profitable business has trouble making ends meet, it’s not alone. Many business owners mistakenly equate profits with cash flow, leading to ...
Financial Statement Fraud: Don’t Believe Everything You Read
Financial statements are central to understanding any business. A public company’s balance sheet, income statement and cash flow statement enable ...
Achieving the Right Balance of Working Capital
Working capital — the funds your company has tied up in accounts receivable, accounts payable and inventory — is a critical performance metric. ...
Coming Soon: 5 Accounting Rules that Take Affect in 2023
It can be challenging to keep track of which accounting rules are changing, when the changes kick in and for which types of entities. Plus, ...