Independent Contractor or Employee

Small and medium sized businesses have been put on notice by the state governments.  Most States have budget shortfalls and need to obtain additional tax revenue.  States are hiring new investigators in order to assess more small and medium sized company’s...

The Importance of Reviewing Internal Controls

Due to the severe economic downturn businesses are required to reduce staff and cut operating costs in order to maintain profitability.  The normal place to reduce staff is in the administrative areas.  However, as you will read from the article below, maintaining...

Deciding on a New Accounting Software System

An accounting software system should not be simply used for recording and storing company transactional data.  The main purpose of an accounting system is to allow the user the capability to extract and analyze the transactional information in order to make informed...

Market Share at the Expense of Profitability

A new company is highly motivated to obtain clients, thereby, bringing in cash to support the new company’s initial employee and administrative costs. However, it is important to understand that obtaining new clients at any price is not a strong financial...