Accounting
It’s been said that cash flow is the lifeblood of any business. Well, perhaps the best way to get and keep those dollars pumping through your company’s veins is to strengthen the collections procedures you use as part of your accounts receivable process. Prompt collection of receivables is important in any economic environment, but it’s especially…
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Builder’s risk insurance provides protection for a structure that is damaged during construction. These policies are usually broad. In fact, the coverage is generally extensive enough to include construction equipment and machinery, as well as materials, fixtures and appliances — all vital parts of a completed structure. It can also cover temporary structures, such as office…
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What Employers Should Know about Health Savings Accounts Health Savings Accounts (HSAs) are a tax-smart way to cover an individual’s uninsured medical expenses, as well as certain other out-of-pocket medical, dental, vision, hearing, long-term care expenses and insurance premiums. Your business can set up HSAs for qualifying employees. Then the business can fully or partially fund…
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Given the power and accessibility of technology, many companies have been allowing employees to work from home for years — either some or all of the time. The COVID-19 crisis accelerated this trend, as many businesses closed offices and facilities and some employees are still working from home. Working from home isn’t possible for every job,…
Read MoreBusinesses Should Be Cautious About Accepting or Using Checks Check fraud costs individuals, businesses and financial institutions billions annually. And, yes, this continues to hold true in today’s high-tech world of e-commerce. Forged checks have always been a problem, but with inexpensive laser printers and easily accessible paper, check fraud is hanging around because many companies…
Read MoreFor one reason or another, you may need to take some money out of an IRA before reaching retirement. You can withdraw money from an IRA at any time and for any reason, but it’s important to keep in mind that most IRA withdrawals are at least partially taxable. In other words, you’ll owe regular income…
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