Clients
Tips for Speeding up Your Recruitment Process
A seamless recruitment and hiring process will ensure you have the right people on your team. In addition, maximizing efficiency streamlines the process and filters candidates so you can ultimately choose the best fit. Here are some ways to optimize your recruitment process. Write Clear, Compelling Job Descriptions. An intriguing and understandable job description is…
Read MoreEmployee Protection: Federal Laws Employers Need to Follow
More than 10 million businesses in the United States employ over 150 million laborers. Due to this, 180+ federal laws, governed by the U.S. Department of Labor (DOL) and the Equal Employment Opportunity Commission (EEOC), protect U.S. workers. These laws C They regulate the following aspects of an employee’s office life – While some federal…
Read MoreHow to Run a Successful Accounting Firm
Owning an accounting firm is not for the faint of heart. Success takes discipline, tenacity, and plain ol’ business savvy. There are so many details to oversee, especially in the early “start-up” days. Daily activities must run smoothly while you pivot to allow for growth and industry fluctuations. And the sensitive information you encounter in…
Read MoreEnsuring Clients Are the Right Fit for Your Firm
It might be tempting to bring on as many new clients as possible, especially in the early days of expanding your firm. However, once you have been in the industry long enough, you learn — either from personal or second-hand experience — how quickly client relationships can sour. “Red-flag” clients cost more energy and frustration…
Read MoreDon’t Be Afraid of Failing: Five Lessons to Learn from Failure
Failure is terrifying. It comes in different forms and under various circumstances. It causes feelings of disillusionment, disappointment, and despair. It feels like defeat. The fear of failure ranks among humanity’s greatest common concerns — in both public and private life. However, we must all face failure sometime. It is a part of life. You…
Read MorePreparing for Tax Day
“Failure to plan is planning to fail.” –Benjamin Franklin In a more humorous vein, Ben also reminded us, “Nothing is certain except death and taxes.” With the certainty of April 15 on the horizon, it’s not too early to start planning. (The IRS will begin processing tax returns as early as January 23, 2023). Most…
Read MoreSetting Financial Goals
The beginning of the new year is an ideal time to revisit your financial goals. Goals, financial or otherwise, set a road map for your future. Of course, working towards your financial goals is sometimes challenging and often takes momentary sacrifice. By definition, however, goals are motivating, spurring you on in your efforts. 5 Tips…
Read MoreHow to Create a Budget
As the year closes, business owners begin planning their budgets for the new year. A business budget is a future-focused, predictive plan providing fiscal structure for your company. Knowing where your money is, where it is going, and where it has been allows you the freedom to run your business more efficiently. A budget helps…
Read MoreAn Overview of Financial Accounting
Accounting is a broad field. However, there is a myriad of varying spheres within accounting. One of these is financial accounting, a specific accounting branch that gathers, prepares, and reports a company’s financial transactions. It involves a series of financial statements shared externally and used to determine an organization’s or company’s financial health. The creation…
Read MoreThe Fraud Triangle – What Can You Do About It?
In 1953, Donald R. Cressey, an American penologist and criminologist, published Other People’s Money: A Study in the Social Psychology of Embezzlement. He hypothesized that: Trusted persons become trust violators when they – Conceive themselves as having a non-sharable financial problem Are aware that this problem can be secretly resolved (by violation of their…
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