The Hidden Monster: Expenses That Quietly Drain Your Profits Every business owner knows to watch the big numbers: sales, payroll, and major bills. But what about the expenses that hide in the shadows? These “monsters under the bed” don’t roar loudly, but they quietly nibble away at your profits month after month. Left unchecked, they can [...]
Accurate time records aren’t just about making sure employees are paid correctly—they’re the backbone of wage and hour compliance. Every punch in and punch out creates a paper trail regulators depend on when evaluating whether a business is following labor laws. The Department of Labor and state agencies routinely request timekeeping data during audits and [...]
Preventing harassment is not just about following the rules; it is about protecting your team and your business. Clear policies, accessible reporting, and consistent training help create a workplace where employees feel safe, supported, and confident. Without these steps, concerns can go unaddressed, putting both your people and your organization at risk. Abe: [...]
What’s the Difference Between a Tax Credit and a Tax Deduction? When it comes to lowering your tax bill, two tools often come into play: tax credits and tax deductions. They both put money back in your pocket, but they work in different ways. Understanding the difference can help you make smarter financial decisions all year [...]
Abacus! is honored to announce its recognition as one of Biz417's Top 10 Best Places to Work in the Large Employers category for the fifth consecutive year. Final results will be announced on September 3rd at the Oasis Hotel and Convention Center. Abacus! emphasizes the importance of a strong company culture through meaningful work, 100% guilt-free [...]
Cross-training should do more than create backup—it should build flexibility, confidence, and growth opportunities for your team. But without a plan, cross-training can feel random, overwhelm employees, or fail to create consistent results. Abe: Not at all. It’s about building flexibility and confidence so your team can handle growth, absences, and new opportunities [...]
When it comes to employee records, not everything belongs in the personnel file. Federal law requires certain documents to be stored separately for confidentiality and compliance. Mixing everything together can expose sensitive information to the wrong people and create audit risks. Keep these out of the personnel folder: I-9 Forms – Must be kept in a [...]
Abacus! is excited to announce that Andrea Battaglia, Chief Excellence Officer, has been recognized as one of the 2025 Most Influential Women by the Springfield Business Journal (SBJ), honoring her exceptional leadership, mentorship, and impact on both the business community and the people around her. "Being included among so many talented and influential women is a [...]
Here's When It Is (and Isn’t) Tax-Deductible As backpacks fill up and classroom wish lists circulate, it’s common for families to pitch in with extra supplies, books, or even cash to support local schools and teachers. While those donations are generous, and much appreciated, not all of them are tax-deductible. Here’s how to know the difference [...]
Abacus! is proud to recognize Andrea Battaglia, Chief Excellence Officer, for being named a 2025 Trusted Adviser by the Springfield Business Journal. Andrea joined Abacus! in May 2020 and has quickly become a cornerstone of the firm’s culture and leadership. In her role as Chief Excellence Officer, she champions the firm's “Commitment to Excellence,” guiding internal [...]
