/Business Advice

Outsourcing payroll might be beneficial to your business

By |2017-09-20T19:36:54+00:00September 20th, 2017|Business Advice|

Payroll reporting doesn’t have to be a laborious process- consider using an outside company to manage this function. There are outsourcing payroll pros and cons... here’s why payroll outsourcing may be beneficial and how a service audit can provide assurance about your payroll provider’s internal controls. Rewards and risks Payroll can be an administrative nightmare [...]

Millennial employees might be more interested in a Roth 401(k)

By |2017-05-24T13:42:04+00:00December 5th, 2016|Business Advice|

Could your company’s benefits package use a bit of an upgrade? If so, one idea to consider is adding an option for employees to convert their regular 401(k)s to Roth 401(k)s. Under a Roth 401(k), participants make after-tax contributions to a qualified plan and receive tax-free distributions, provided the funds are in the plan for [...]

Counting Seasonal Workers Under the ACA

By |2016-11-23T02:09:17+00:00November 23rd, 2016|Business Advice|

As an employer, your size – for purposes of the Affordable Care Act –  is determined by the number of your employees. If you hire seasonal or holiday workers, you should know how these employees are counted under the health care law. Employer benefits, opportunities and requirements are dependent upon your organization’s size and the [...]

Consider Deal Structure when Buying or Selling a Business

By |2017-05-24T13:42:06+00:00July 13th, 2016|Business Advice|

Last year, the merger and acquisition market was red hot.  In fact, the $2.3 trillion value of U.S. deals was the highest since 1980. Deal volume was up 64% from 2014. The momentum gained in 2015 is expected to continue this year. As a result, many business owners are considering if it's time for them [...]

Effective Marketing On a Budget

By |2017-05-24T13:42:07+00:00May 18th, 2016|Business Advice|

Does your professional services firm have a minimal marketing budget or lack in-house marketing staff? Are some of your competitors outspending you 2, 5 or even 10 to 1? Under such circumstances, attracting new business may seem like an impossible goal. But professional service firms with small budgets can market themselves effectively and build their [...]

Choosing the Cash or Accrual Method of Accounting for Your New Business

By |2017-05-24T13:42:07+00:00May 11th, 2016|Audit & Accounting, Business Advice|

When you start a business, you have many decisions to make. One very important decision is the method of accounting your business will use for reporting income and expenses on your tax return.  The two methods most commonly used are Cash and Accrual. Cash Method The cash method is the easiest to implement, and is [...]

Don’t Skimp on Business Interruption Insurance

By |2017-05-24T13:42:08+00:00March 2nd, 2016|Business Advice|

In recent years, many businesses have been pounded by a wide variety of disasters, natural and man-made. From coast to coast, some businesses have fought to keep their doors open despite floods, wildfires, hurricanes, mudslides, vandalism, riots and more. These disasters serve as sobering reminders to expect the unexpected.

Smart Business Practices for Start-up Entertainment Companies

By |2017-05-24T13:42:09+00:00January 27th, 2016|Business Advice|

You have a start-up entertainment company, and like most entrepreneurs, you want it to be successful. Although you can't predict how successful your movie or media venture will be, set your company up using established business practices to help get off on the right foot.

Blunders Made when Starting a New Business

By |2017-05-24T13:42:12+00:00January 13th, 2016|Business Advice|

According to the Small Business Administration, one-third of small businesses fail during the first two years. Over half fail in the first five years. If you are starting a small business, it is important to take an honest look at yourself, your business idea, and the marketplace. Be aware of the common mistakes typically made by new businesses so you can avoid becoming a statistic.

Smart Card Transactions – Is your Business Ready?

By |2017-05-24T13:42:13+00:00November 16th, 2015|Business Advice|

Have you heard of a Smart Card? If you own a business that accepts credit cards from customers, need to know about Smart Cards. Commonly called EMVs (an acronym for Europay, MasterCard, and Visa), Smart Cards are common in Europe, Asia, Canada, and other parts of the world. Now these cards are becoming common in the USA. With an EMV, the magnetic strip on the back of credit and debit cards is replaced by a computer chip, which is more difficult to counterfeit than a magnetic strip.

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