Keep Fraud Off Your Restaurant’s Menu
The restaurant industry is notoriously difficult, even without the numerous fraud risks. The truth is, when you’re working on razor-thin profit margins, you can’t afford to lose any money to […]
Category: Articles
Update on IRS Efforts to Combat Questionable Employee Retention Tax Credit (ERTC) Claims
The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped enable struggling businesses to retain employees. Even though the […]
3 Tips for Making the Financial Statement Audit Process Smoother
Nonprofits are not required to provide audited financial statements. However, audited statements are more likely to reassure large donors and grant makers about your financial stability, and they are typically required […]
Should Your Business Offer the New Emergency Savings Accounts to Employees?
As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked emergency savings account (PLESA) and the provision authorizing it became […]
Ohio Homebuyer Plus Program Helps Ohioans Achieve Dream of Home Ownership
On Jan. 9, Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and Treasurer Robert Sprague officially launched the Ohio Homebuyer Plus program, a new savings account plan aimed at promoting […]
Labor Shortages: How Manufacturers Can Attract and Retain Qualified Workers
The CFO Survey, a collaboration between Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta, monitors CFO optimism and key concerns. According to the […]
Why Uncertainty Calls for a More Flexible Budget
Economic, social and political events in 2024 have the potential to negatively influence your not-for-profit’s budget. So if you generally prepare static budgets well in advance of each fiscal year, […]
Tax-Favored Qualified Small Business Corporation Status Could Help You Thrive
Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-Free Treatment for Eligible Stock Gains QSBCs are the same as garden-variety C corporations […]
Generative AI Can Help Prevent, Detect and Investigate Fraud
Artificial intelligence (AI) is something you might be familiar with or have even used in the workplace. What about Gen AI (or generative AI)? Some well-known examples of Gen AI systems include ChatGPT […]
New Reporting Requirement for Businesses
Attention business owners! Effective 1/1/2024, many businesses are now subject to a new requirement to file a report of Beneficial Ownership Information (BOI) with the Financial Crimes Enforcement Network (FinCEN). […]
DOL Announces Final Rule on Classifying Independent Contractors
On January 9, 2024, The U.S. Department of Labor (DOL) released its final rule on worker classification under the Fair Labor Standards Act (FLSA). The 2024 rule, which takes effect on March […]
Got Independent Contractors? Get to Know Form W-9
If your company is perpetually shorthanded, you may have decided to engage independent contractors or freelancers to pick up some of the slack. Just make sure you’re collecting the right […]
