The Best Ways to Stop Check Fraud Check fraud can affect everyone, no matter how careful and diligent. Both companies and individuals can become the victims of such schemes. There are several precautionary measures that can be undertaken to minimize the check fraud risk. Do you know what chec[...]
Archive for the ‘business start up’ Category
December 13th, 2012 - 3:46 pm § in bookkeeping, business start up
Guest Post for my many fans in the UK!
Tips For Starting a Business With Little Money Want to start your own business?have less money with you?lets see some tips how to start your own business with little amount…. The idea of starting a new business is similar to searching for a job having control on your working hours but n[...]
Calling on your past due Accounts Receivable
Accounts Receivable – How to get PAID One of the more difficult aspects of my career has been collecting on Accounts Receivable. Certainly our current economy does not help matters, and being in a recession since 2008 puts a bind on all businesses. We have all seen in recent years a num[...]
Guest Post: How Accounting Services Prevent Fraud
How Accounting Services Prevent Fraud Description: Article describes the various ways in which the use of third party accounting services helps to decrease the possibility of a business being a victim of fraud. A joke that is very apt in this context goes: A businessman is interviewing several candi[...]
Form W-4 – Employee’s Withholding Allowance Certificate
Form W-4 A common practice for bookkeepers, accounting clerks, HR professionals and Controllers such as myself is to advise an employee, friend or relative on how to fill out their form W-4. This is a mistake! Unless you are a tax-preparer, you should not be handing out ANY tax advice, includi[...]
March 22nd, 2012 - 10:00 pm § in bookkeeping, business start up
To deduct or not to deduct – the Home Office
I had a great conversation with an individual recently that has prompted me to write this post, again thinking that if this topic was on his mind, it may be on yours too. It was a simple question with, and don’t be surprised here, a not-so-simple answer. Whenever I speak about tax deductio[...]
1099 Time
I have had several businesses contact me regarding rumors that they have heard about a new law regarding 1099′s. It’s no rumor, but I’m not getting too excited just yet. Allow me to explain. Currently, in general, a company must issue a 1099-misc to any company that provides serv[...]
USE Tax
What is USE tax and why do we have to pay it? There is a common misconception in business that when you purchase something and the vendor/supplier does not charge you sales tax for whatever reason, the business is not responsible to pay the sales tax. They treat it like a discount, a bonus, yippee[...]
Sales Tax Issues
When business owners start up a new business one of the challenges for them is state sales tax. What is taxable? How much do I collect? When do I have to send the tax into the state? All good questions that a new business owner will have. Chances are that if you will be selling [...][...]
Company Checking Account
A few of my recent posts about the list of items needed when one starts up a business dealt with decisions that a business owner had to make, what type of business entity they should have, should they obtain a federal ID number etc. This topic there is really no decision to be made. If [...][...]
