by Bobbie Witt | Sep 10, 2020 | Articles, Bookkeeping for Business, Small Business
What are the warning signs of employee fraud? Billing schemes. Skimming. Check-tampering. Employee fraud is a real risk for entrepreneurs of fewer than 100 employees. In fact, according to the Association of Certified Fraud Examiners, 30% of fraud cases take place in...
by Bobbie Witt | Aug 31, 2020 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Profit First, Small Business
If you’ve received an audit letter – an official request by the tax authority to review your accounts and confirm your taxes have been paid to date – don’t panic. Prepare. No business owner looks forward to a letter from the taxman requesting a closer look at the...
by Bobbie Witt | Aug 26, 2020 | Articles, Bookkeeping for Business, Profit First, Small Business
The balance sheet informs the reader of a company’s financial position as of one moment in time. It allows someone—like a creditor—to see what a company owns as well as what it owes to other parties as of the date indicated in the heading. This is valuable...
by Bobbie Witt | Aug 12, 2020 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Profit First, Small Business, tax tips
Although most entrepreneurs recognize the importance of careful financial management, few want to spend their time dealing with numbers. Unfortunately, not keeping a close eye on your income and expenses can be very costly for a business. Here are five of the most...
by Bobbie Witt | Aug 10, 2020 | Articles, Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Profit First, Small Business
TRACKING SALES, earnings, expenses, and purchases are fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you need to evaluate your current practices, anticipate challenges and set attainable future goals....
by Bobbie Witt | Jul 29, 2020 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Profit First, Small Business
Many entrepreneurs believe that hard work and dogged determination are all it takes to build and sustain a successful business. But when you consider the pressures of running a company, it seems wise to add effective stress-management to the list. Left unchecked,...
