In the News

Copyright 2022
Concerns over huge malpractice awards and staggering insurance premiums may have distracted you from another liability issue that may not seem quite so urgent -- premises liability.
Copyright 2022
Many construction bookkeepers have gaps in their knowledge about how to produce quality financial statements. That can matter at year-end. There is only so much your accounting or tax advisor can do at the end of the financial year to correct or modify poorly recorded transactions.
Copyright 2022
Good old-fashioned paper is continuing to return to the manufacturing process.
Copyright 2022
Each year, your non-for-profit organization must carefully determine the proper Form 990 return to file because penalties can be assessed for failing to file the right version. If a form is materially incomplete or the wrong return is filed, the IRS will return Form 990 series forms filed on paper — and reject electronically filed returns. When preparing and reviewing 990 returns, it's important to check for common filing errors (as reported by the IRS) before submitting them.
Copyright 2021
Today, many people and small businesses are operating in survival mode. In addition to managing the effects of the pandemic, they're now struggling with skyrocketing inflation and other financial concerns.
Copyright 2021
Uncle Sam is helping to pick up the tab for certain business meals in 2021 and 2022. Under a provision in the Consolidated Appropriations Act (CAA), the usual deduction for 50% of the cost of business meals is doubled to 100% for food and beverages provided by restaurants for the 2021 and 2022 tax years.
Copyright 2021

Awkward. That's likely the word that comes to mind when you or members of your staff think about confronting patients who have a habit of arriving late -- or not at all. Discussing a patient's penchant for no-shows takes a bit of fancy footwork at the very least. Mishandle the situation and you may lose a loyal patient.

Copyright 2021
Employee performance objectives are sometimes based on output. But that setup can reward the wrong behaviors. It encourages quantity over quality, which fosters a mindset of letting the little defects slide just to get the work done faster. That, in turn, can result in increasing customer rejections rates that can hurt your company's reputation and send customers elsewhere.
Copyright 2021
Think of your not-for-profit organization and its external auditor as dance partners performing a well-choreographed routine. To execute the dance properly, each dancer must complete specific moves and coordinate timing with his or her partner. Likewise, your organization and its audit firm each have particular duties in the audit process but share the same end goal: a set of financial statements that fairly present your financial condition and operating results.
Copyright 2021
It's obvious that without customers, your company wouldn't be in business. But not all customers are alike. Some account for a big percentage of your profit, while others' contributions may be negligible.

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