Did You Know?
Legalized Sports Betting: The Small Business Impact
Many states have legalized sports betting and Missouri announced sports wagering will go live by December 1, 2025. With neighboring states already capitalizing on the booming sports wagering industry, Missouri...
When It Comes to Your Accounting Services, You Might Want to Re-Think Going “Cheaper”
As a business owner, you might be tempted to choose cheaper accounting services to save on costs. While lower-cost accounting options might seem appealing, it’s important to consider what you...
5 Mistakes You May Making in Your Back-Office That are Costing You Money
With everything else you have to accomplish running a small business, you may think your back-office tasks can take a back seat. After all, they are typically administrative in nature and...
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...