Five Ways to Prevent Fraud in Your Law Firm
Because they foster a collegial, trusting environment, law firms can be more vulnerable to fraud than many other types of businesses. Enforcing internal controls may simply seem unnecessary in an
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Still Working After Age 70½? You May Not Have to Begin 401(K) Withdrawals.
If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than April 1 of the year
Be Vigilant About Your Business Credit Score
As an individual, you have no doubt been urged to regularly check your credit score. Most people know that, with a subpar personal credit score, they will have trouble buying
Does It Still Make Sense for Employers to Reimburse Employees’ Moving Expenses?
Some employers reimburse new hires for moving expenses when they relocate. Others reimburse existing employees whose jobs are moved to other locations. Maybe you do both. Now that there is
Audits Focus On Cybersecurity
In 2018, U.S. organizations that suffered a data breach lost an average of $7.91 million as a result. That is the highest average organizational cost of all the countries and
Prevent Fraud with The Help of Your Audit Committee
Your board’s audit committee is a first line of defense against fraud. But to be effective, committee members need to do more than simply review financial statements and audit results.
Vehicle-Expense Deduction Ins & Outs for Individual Taxpayers
It is not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act (TCJA) might reduce your deduction
Divide & Conquer: How Joint Cost Allocating Works
In recent years, watchdog groups, the media, and others have increased their scrutiny of how much non-profits spend on programs vs. administration and fundraising. Your organization likely feels pressure to
Using Knowledge Management to Develop Your Succession Plan
As the old saying goes, “Knowledge is power.” This certainly rings true in business, as those who best understand their industries and markets tend to have a knack for staying
Older Employees Present A Hiring Opportunity & Challenge
It is in every employer’s best interest to keep an open mind about where the right talent for an open position may lie. Of course, in some industries, minds could