Why a Small Business and Start-up Companies Should Have a CPA Accountants can assist with all stages of your business. Most entrepreneurs don’t realize the value a CPA can add to their business; accountants are not just for preparing payroll…
Read MoreAre Gifts to Employees Taxable?
Are Gifts to Employees Taxable? Did you know certain gifts are taxable income to the employees, which can irritate your employees and defeat the purpose of your gifts? Also there are reporting requirement for the business. If a gift is…
Read MoreOverhead versus G&A Indirect Costs
Overhead versus G&A Indirect Costs Is there an important difference between a general and administrative (G&A) expense and an overhead (OH) expense? Do these indirect costs really matter? The answer is yes if you want to remain a government contractor…
Read MoreRetro Pay or Bonus?
Retro Pay or Bonus? How many times have your government contracts received approval for rate changes after the employees have been paid? This causes payroll dilemmas for many government contractors. Your employee worked 50 hours on a project at the…
Read MoreAre Legal Costs Allowable or Unallowable for Government Contractors?
Are Legal Costs Allowable or Unallowable for Government Contractors? One of the most ambiguous things that a government contractor or their accountant has to deal with when making accounting entries is the allowability of legal fees and costs. The rules regarding…
Read MoreEnd of the Year Accounting Checklist
One of the things that you will need to do for your business at the end of the year is to close the books. If they have been kept up with the accounting practices throughout the preceding months, this shouldn’t be too…
Read MoreHow to Survive an Audit
Just the idea of being audited by the IRS strikes fear into the hearts of most small business owners. Some peace of mind should be found in the fact that audits are pretty rare for one simple reason: money. The…
Read MoreTechnologyChanged Accounting
The accounting industry has changed dramatically over time with advances in technology. While we may immediately think of the computer, the first real improvements in accounting technology took place several decades ago when numbers no longer needed to be added by hand. After…
Read More5 Myths About the Value of Your Business
Owning a business is hard work and it’s common for business owners to wonder how much their company is worth. Whether you are thinking about selling your business or not, have an offer on the table or are merely curious,…
Read More5 Things Your Forensic Advisory Team Should Know
Forensic accountants require unique skills and training in order to blend accounting, auditing, and investigative skills to uncover and analyze financial data. In addition, to uncovering fraud, forensic accountants provide litigation support in a courtroom setting. If you are a…
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