accounting

Three things drive up the cost of Sarbanes-Oxley compliance more than any other: Cost of Scale, Cost of Review, and Cost of Improvement.

What is the difference between Financial Reports, Audits, and Reviews?

If you are in business long enough you will learn a few things about running a business.

A  business has many obstacles during its first year, and making costly financial mistakes is often inevitable. Unlike large companies, small businesses may not have the assets to rebound from such mistakes.  What are the biggest financial mistakes small businesses make?

If you haven’t started taking advantage of the productivity tools available to scale your business, you’re falling behind. You first need to try some of the most popular tools to get a sense of what’s out there and what will work best for your needs.  What productivity tools are used to help businesses scale?

The purpose of your Accounting Policy Manual is to document the financial principles and policies governing your companyƒ’s accounting practices.

Starting a business is a particularly difficult and expensive process, and the life of an entrepreneur is generally so packed with day-to-day responsibilities that taking care of your finances is often the last thing on your mind. What accounting tips do small businesses need to know?

Well-written Accounting Procedures are an important part of an internal control system (as required by SOX Section 404), but over documenting can be a detriment to internal controls.

Whether you’re an independent contractor, a business owner, or a common-law employee who has to report another form of income, the IRS Form 1099 is there to cover almost all bases. From freelancing income, stock dividends, and even abandoned properties and canceled debts, there are a lot of different forms for different incomes to declare. […]