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• Small Business Accounting
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News & Events
August 05 2020Does your business receive large amounts of cash or cash equivalents? You may be required to submit forms to the IRS to report these transactions. Filing requirements Each person engaged in a trade or business who, in the course of operating, receives more than $10,000 in cash in one transaction, or in two or more […]
August 03 2020When the COVID-19 crisis exploded in March, among the many concerns was the state of the nationâs supply chains. Business owners are no strangers to such worry. Itâs long been known that, if too much of a companyâs supply chain is concentrated (that is, dependent) on one thing, that business is in danger. The pandemic […]
July 31 2020The Committee of Sponsoring Organizations of the Treadway Commission (COSO) recently published new guidance on how companies can promote ârisk appetiteâ as part of decision-making. Itâs especially relevant in todayâs uncertain marketplace. Digesting the new guidance The COSO guidance, âRisk Appetite â Critical to Success: Using Risk Appetite to Thrive in a Changing Word,â explains […]
July 29 2020Thanks to affordable technology, more and more companies have been allowing employees to work remotely in recent years. Itâs become feasible to procure laptops, set up security protocols, use cloud servers and rely on employeesâ home Wi-Fi connections to create functional virtual workspaces. In turn, many of these businesses have lowered overhead costs such as […]