Technology is ever-advancing in a world of skeptics and soothsayers. Leaders of industries around the globe are in an arms race for the next big thing to stay ahead. Artificial intelligence and block chains appear to threaten the livelihood of people around the world. We regularly see new items on the shelves to make our lives [...]

If you look at the data provided by the Centers for Disease Control and Prevention for 2016, you can easily see that nearly half of all married couples end up getting a divorce. According to this information, 6.9 people per 1000 total population got married, while 3.2 people per 1000 total population got divorced. If you are getting [...]

It’s every business owner’s nightmare. Should hackers gain access to your customers’ or employees’ sensitive data by causing a data breach, the very reputation of your company could be compromised. And lawsuits might soon follow.No business owner wants to think about such a crisis, yet it’s imperative that you do. Suffering a data breach without an [...]

Absenteeism has typically been a thorn in the side of many companies. But there’s a flip side to employees failing to show up to work: “presenteeism.” This is when employees come in to work unwell or put in excessive overtime.Now you probably appreciate and respect workers who are team players and go the extra mile. But [...]

Having a positive attitude and thinking at work will reflect on what you do and make you a more productive employee. This mindset can determine how well you get your projects done and how others perceive you. If you display a positive attitude, you may increase your chances for a promotion or a raise if you [...]

Any business owner knows that being efficient is crucial to the business's success. Saving time on things that can be done by someone else is a crucial component of efficiency. By outsourcing payroll, companies can spare the time and headache of finishing it and making sure to pay their employees on time.It can become costly when [...]

The Affordable Care Act includes the Small Business Health Care Tax Credit, which can benefit small employers who provide health coverage for their employees. Taxpayers who own small businesses might claim a general business credit on the personal returns when meeting specific criteria. The Small Business Health Care Tax Credit benefits employers that have fewer than [...]

As many business owners have heard about a new leasing standard, ASC 842, many of them don’t realize it’s been in effect for almost three years. Now, the original adaption and implementation of the new standard are just right around the corner! What should you know about this new standard if you own a business? This [...]

“I could sell water to a whale.” Indeed, most salespeople possess an abundance of confidence. One could say it’s a prerequisite for the job. Because of their remarkable self-assurance, sales staff might appear to be largely autonomous. Hand them something to sell, tell them a bit about it and let them do their thing — [...]

Part II: Risk Assessment In the last post on this topic, we discussed the importance of controlling an environment in responding to and preventing risk.  Another component of the COSO framework for company fraud risk management is taking steps to assess your risk.  All businesses experience risk, but it is important to determine the risk [...]