Home

From invoices and payments to discounts and write-offs, many business transactions are recorded to accounts receivable. This makes receivables a popular fraud target, but your business does not have to become a victim. Common schemes Receivables fraud occurs when dishonest employees divert customer payments for their personal...

All businesses: Give annual information statements (IRS Forms 1099) to recipients of certain payments you made during 2018. Payments that are covered include: (1) compensation for workers who are not considered employees; (2) dividends and other corporate distributions; (3) interest; (4) medical and health care...

Business owners sometimes mistakenly equate profits with cash flow. Here is how this can lead to surprises when managing day-to-day operations and why many profitable companies experience cash shortages. Working capital Profits are closely related to taxable income. Reported at the bottom of your company’s income statement,...

For full coverage ($100,000 for bodily injury/$300,000 per accident/$100,000 property damage, with a $500 deductible), 20-year-olds pay an average of $3,214 a year for auto insurance. That average decreases as drivers gain experience and maturity to $1,363 at age 55. Then, average premiums start to...