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....
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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...
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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...
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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...
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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...
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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...
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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...
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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:  ...
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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...
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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.
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