Thursday, June 20, 2019

Surviving an IRS Audit

By Ben Kinsey

Image courtesy wikimedia
Business owners are used to dealing with stress.  That’s because stress is part of the job.  Whether it’s dealing with difficult clients, balky vendors or recalcitrant staff members, business owners are part tycoon and part firefighter.  But when it comes to putting the fear of God into most business owners, nothing comes close causing them to panic than to receiving a letter informing them that their business is about to be audited by the IRS.  To help keep you from going off the deep end should your business ever wind up being audited, I have put together a list of steps to help you survive this calamity.

Thursday, June 6, 2019

All About Bookkeepers and Accountants

By Ben Kinsey

Image courtesy of Pixabay
The first job or any business owner is to get paid.  The second is to make sure that he or she is getting paid enough to turn a profit.  Last but not least, if you want your business to grow, you need to make sure you aren’t wearing so many hats that you wind up running yourself into the ground.  When it comes to charting, planning and optimizing the metrics of a growing business, two of the most important profit builders are the company bookkeeper and accountant.  While neither of these individuals are responsible for driving profits, they are both key when it comes to deriving business profit.  That being said, their jobs are quite different.  To give you a leg up on what it is that they do, I thought I’d take the time to give you my short list that charts their responsibilities.