Archive for May 2019
Time For a Review of your Insurance Coverage!
Not reviewing your insurance policies can be damaging for multiple reasons: You could be paying for coverage you don’t need. Review the business classification codes listed on the policy and the wages associated with the classification codes. Is there a classification code listed for services that your company no longer provides? As your business changes,…
Read MoreThe Power of VLOOKUP
Spreadsheets are the engines that run many businesses. With so much data, you will likely have multiple spreadsheets with different information; all of which relate to a single, core piece of your business. For example, if you are an HR manager, you may have multiple spreadsheets about your employees (one for benefits, one for PTO,…
Read MorePersonal Use of Company Vehicles
If your employees are driving a company-owned vehicle, it is important that they keep detailed records of the miles driven for business and those driven for personal use. The breakdown of miles driven throughout the year will be used along with the Fair Market Value of the vehicle to determine their taxable compensation for use…
Read MoreSelecting the Best CPA for your Business
Business owners are pulled in multiple directions every day. Therefore, it is important to invest the time and energy into finding the right advisors to help you on your journey. These advisors will vary depending on the industry you are in. However, there are a few that are consistent across all businesses, including a good…
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