Many employers have asked employees to submit proof of a COVID-19 vaccination before returning to work in an office or other facility. According to the U.S. Equal Employment Opportunity Commission (EEOC), it is permissible to do so if exceptions are allowed for people with disabilities...
A complete set of financial statements for your business contains three reports. Each serves a different purpose but ultimately helps stakeholders (managers, employees, investors, and lenders) evaluate a company’s performance. Here is an overview of each report and a critical question it answers. 1. Income...
Although probate can be time consuming and expensive, one of its biggest downsides is that it is public — anyone who is interested can find out what assets you owned and how they are being distributed after your death. The public nature of probate also...
Most business owners would likely agree that strategic planning is important. Yet many companies rarely engage in active measures to gather and discuss strategy. Sometimes strategic planning is tacked on to a meeting about something else; other times it occurs only at the annual company...
When non-profits first start up, fundraising can be an ad hoc process, with intense campaigns followed by idle periods. As organizations grow and acquire staff and support, they generally decide that fundraising needs to be ongoing. But it can be hard to maintain focus and...
More than 43 million student borrowers are in debt with an average of $39,351 each, according to the research group EducationData.org. If you have student loan debt, you may wonder if you can deduct the interest you pay. The answer is yes, subject to certain...
Forensic accountants are professionals who have received specialized training to uncover fraud and protect against fraud threats. They are uniquely qualified to review financial statements and business records and to interview employees to find evidence of misrepresentations and theft. In many cases, they are able...
Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind up being nondeductible both by an officer and the corporation unless proper steps are taken. This issue is more likely to arise...
Analytical software tools will never fully replace auditors, but they can help auditors do their work more efficiently and effectively. Here is an overview of how data analytics such as outlier detection, regression analysis, and semantic modeling can enhance the audit process. Auditors Bring Experience &...
In many industries, the job interview process has become a game of sorts. Books and websites are filled with tips for applicants on how to best answer common questions. Type the phrase “answers to job interview questions” into a search engine and you will instantly...