A common question to those new to the world of nonprofit organizations is how much accounting and bookkeeping is really necessary for charities. What is my answer? It’s more vital than if you were starting your own business. It’s absolutely critical for executives and directors to have at least a basic understanding and skill in [...]
Don’t be daunted, or afraid. Bookkeeping isn’t scary it’s just keeping track of all of your expenses, as well as your profits, as well as making sure everything is in the right place, and that it’s all organized.
Bookkeeping doesn’t have to be scary. Here are the basics of bookkeeping to help you get your foot [...]
There are so many different tips on the basics of book keeping for new business owners, it’s hard to figure out what’s good, what’s bad, and what’s not worth your time looking. Let me help: these are our top three basic bookkeeping tips, and they’re all important for different reasons.
1. Keep Your Business and [...]
As a small business owner, you are aware of the complications involved in what should be a simple task: paying your employees. But there is so much more that payroll encompasses, such as:
Calculating actual wages and withholding taxesnâ?¢ Tracking vacation and sick pay
Figuring deductions for employee-contributed benefit payments
Providing year-end wage reportsnâ?¢ Ensuring accurate and timely [...]
According to a new report released by the Treasury Inspector General for Tax Administration (TIGTA), the Internal Revenue Service’s Criminal Investigation Division (CID) may not be adequately managing its criminal tax cases pending in the prosecution pipeline at the Justice Department.
TIGTA has confirmed a steady increase in the number of cases in the prosecution pipeline [...]