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…
Read MorePublic Relations & Advertising Costs – Allowable or Unallowable?
Many companies incur advertising and public relations costs. For the government contractor, the complication comes in determining whether these costs are allowable under the Federal Acquisition Regulations (FAR). The basic rule of thumb is if it is related to benefiting the government,…
Read MoreAccountants as an Expert Witness
An expert witness is someone who by virtue of training, skill, education or experience is believed to have knowledge or expertise in a certain subject beyond an average person. This knowledge makes the person eligible to be a witness in…
Read MoreGovernment Contract Accounting
In order to be successful it is highly recommended, government contractors must work closely with their accounting firm in order to verify reports, procedures, policies, and timekeeping to make sure they are compliant with contract requirements. It is essential for your organization to…
Read MoreWhat Can You Expect from Routine Accounting Services?
For any business to be a success, there are certain growth strategies that can’t be implemented without proper financial planning and accounting. One essential element to the health of a growing business is proper record keeping, especially when it comes to financial activities….
Read MoreIs Mandatory Sick Leave Coming to Your Town?
Montgomery County, Maryland has passed law requiring sick leave to be offered to all employees. Any employers functioning or handling business in Montgomery County are required to supply their employees with paid sick leave. This is stronger than most sick leave laws…
Read MoreThe Process and Benefits of Managing Accounts Payable Turnover
Understanding Accounts Payable Turnover One of the key concerns that management often has is their payment obligation to the suppliers of their core services. For a service industry business, this is typically their subcontractors or consultants. This is encapsulated in a short-term…
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