When business owners hear the word audit, it seems to stir up a variety of unpleasant emotions. These include fear, dread, annoyance, sometimes even anger. While it’s true we must…
Category: Accounting
In a service business, no matter who you are dealing with, your first question should always be this: “How can I make this person’s life easier?” This will go a…
With tax season in full swing, it’s easy to get stressed out by the never-ending stream of deadlines. Implement a system to organize your filing deadlines. This will allow you…
I had the pleasure of calling the IRS the other day. I expected to spend a fair amount of time on hold. They changed their hold music to tell me…
It’s inevitable that a state, local, or even the federal government will have money that lawfully belongs to your company. There is really no incentive for them to return it,…
In business, internal customers are all the people you interact with that are not the external customers. This includes co-workers, supervisors, and others who work in the various departments of…
As companies grow and mature, so do the tools they use for financial reporting. Many times this growth results in a very busy accounting department. It seems they can barely…
When we think of the customer, we often only consider the external customer. But everyone you interact with in your organization can be considered your customer. Everyone should receive the…
Taking the time to train and mentor your staff can’t be overlooked. There are some people who are self-motivated and naturally ask for more work, get more efficient, and take…
It’s tempting when you have a job in the private sector to go day to day without noting what you worked on. In public accounting you have to keep track…