There are many ways for employers to conduct annual performance reviews. So many, in fact, that owners of small to midsize businesses may find the prospect of implementing a state-of-the-art review process overwhelming.The simple truth is that smaller companies may not need to exert much effort on a complex approach. Sometimes a simple conversation between supervisor [...]
There are many ways to pay for college these days. If your grades are high enough in high school, you can earn a scholarship to a local community college for two years. If they are excellent and you have a robust extra-curricular resume, you might even receive awards from the university of your choice. There [...]
If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business expenses and deductions aren’t specifically listed. It doesn’t explicitly state that you can deduct office supplies and certain other expenses.Some expenses are detailed in the tax code, but the general rule is contained in [...]
Top Nine Challenges to Passing the CPA ExamStudying for the CPA exam is one of the most difficult things I have ever embarked on in my life. The material is not easy, but it’s not rocket science. What makes the CPA exam a challenge (with average pass rates well below fifty percent), is the sheer vastness [...]
The tax planning required for selling or buying a business can be a daunting task with abundant risk and reward. One of the key steps to completing a successful exchange for both parties is planning for income taxes. Proper planning will minimize risk and maximize financial compensation by avoiding pitfalls and capitalizing on opportunities that [...]
Often, businesses decline due to a lack of turnaround strategy. Many businesses have a life cycle that, as life cycles tend to do, concludes with a period of decline and failure. Often, the demise of a company is driven by internal factors — such as weak financial oversight, lack of management consensus, or one-person rule. [...]
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 [...]
