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 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 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 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…
Read MoreLess Expensive CPAs Don’t Equate to Savings
CPAs often get a bad rap for their field being dull. But the truth is that a good CPA can help your business with financial strategy, reduce your tax obligations, and ensure your company is meeting audit requirements for your…
Read MoreFollowing the Paper Trail for Corporate Fraud
How financial statements reveal corporate fraud The U.S. economy is finally recovering from the effects of the recession, but at least one major financial risk remains — corporate fraud. Fortunately, a CPA certified in financial forensics (CFF) can help companies…
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