Did You Know?
Accounting Treatment of CD’s
With FDIC limits still being a hot topic these days, we’ve seen lots of different tools being used for people and companies to diversify their cash and keep it safe....
Frequently Asked Questions about Working with Fortiviti
June 2023 Fortiviti is a unique outsourced accounting solution, so naturally, we get a lot of questions on how we operate! Here are some of the top questions we get...
What is Use Tax
Use Tax is a tax on purchases that is charged to the buyer if the seller did not originally charge sales tax on a taxable purchase. While most sellers of...
Employing your Children in Your Business
As a business owner, you are constantly looking for potential tax breaks or options for shifting income. If you have children, one option to consider is putting your kids on...
Understanding Negative Balances in Your Financial Statements
Negative balances in your financial statements can signal errors or issues with your business performance. In some cases, a negative balance can be accurate, but it’s important to review further...
How to Limit Your Exposure to Email Phishing Scams
Phishing scams are ever-present in business today. Whether it’s emails, phone calls, direct messages, or web infiltration, scammers are finding new ways every day to take advantage. With the increase...
Spooky Accounting Stories: Mistreatment of Intercompany Transactions
Picture this – you’ve built your company from the ground up, and now you’ve got multiple legal entities, separated for tax purposes, tracking purposes, and maybe you want to sell...
Your Balance Sheet: Why It’s Important
A balance sheet is one of the least reviewed financial statements in a small business. Yet, it shouldn’t be. Your balance sheet is important for a number of reasons: ...
Did You Know: Salary Threshold for Overtime Could Double (or Triple!)
Did you know there is a salary threshold for overtime? And, did you know this threshold could more than double in the near future?! Many believe that if they classify...
Did You Know: Student Athletes and Business Leadership
Did you know that student athletes display significantly more leadership, self-confidence, and self-respect than those who were active outside of sports? Check out the details in this Fortune article.