Prepare For the IRS Auditor In 9 Steps

Getting audited for your tax returns is an experience that many would be happy not to go through. A lot of business owners prefer not to undergo close scrutiny from any Internal Revenue Service agent. Such process can be taxing and strenuous, but this situation can be downplayed. According to Certified Public Accountants, only 1%…

How-to: Create an Overview Accounting Report for the CEO

Businesses frequently require transparency in a number of different fashions. One of the most common ways for a business to provide information about the financial dealings of the company is through overview accounting reports. In some instances, providing a thorough and accurate description of expenditures is necessary (especially if you want to comply with federal…

3 Reasons You Need a Financial Controller

Accounting is one of the most vital aspects of your business, and, as such, you need appropriate accounting leadership. A financial controller provides a number of services that you can’t get from non-accountant employees. Of course, proper accounting is important, not just because it helps you keep good records. In fact, 50% of businesses in…

Nine Reasons Why Entrepreneurs Should Hire An Accountant

While well-established business owners tend to buy the services of professionals more easily when it comes to handling their accounting, legal matters or banking, young entrepreneurs stay away from them. However, when looking at the number of failed startups in the past few years, an assessment must be made on why these businesses fail. Having…

IRS 2014 Tax Changes – Part 4

Tax Changes Regarding COLAs for 2014 Our fourth part of the IRS 2014 Tax Changes series is dedicated to the changes regarding the Cost of Living Allowance (COLA). The first 3 articles of this IRS Tax Changes series focused of Tax changes related to the Health Care Reform, to Businesses and to Individuals and Households.