Tax Implications Of Concluding Transactions Using Virtual Money

In an article published last year, Bill Schuette, who currently serves as the Attorney General in the state of Michigan, advised his residents concerning the risks that are associated with the use of virtual money. Indeed, while it is the case with hard money, virtual money insurance doesn't exist. This means that if your virtual money gets stolen, you won't be able to submit a claim to the third-party through which you have purchased it and that was holding it for you. [Read More]

2 Small Business Payroll Mistakes You Could Be Making

As a small business owner you probably feel like a jack of all trades. Not only do you have to come up with the processes and practices that keep your business functional, but you also have to implement and execute them. To add burden to your already heavy load, you also have to pay your employees. Particularly when it comes to payroll, trying to take on more than you are actually prepared to can lead to a number of mistakes. [Read More]

Always On The Go? 5 Tips For Managing A Small Business On The Road

Running a small business usually requires a lot of actual running for the owner. Running to meetings, running around town and running equipment can leave precious little time for tasks like bookkeeping, organizing, documentation or tracking. How can an owner or manager who is constantly on the go make it easier to care for his business? Here are a few simple tips. Office in a Box No matter how technologically savvy you are—or aren't—creating an office in a box will help you stay organized and reduce your workload. [Read More]

3 Ways To Train Your Employees When Implementing New Accounting Software

Hiring a certified public accountant (CPA) to handle your company's tax returns is a wise decision, but this still doesn't eliminate the need to track your financial transactions. During the year, you must have good bookkeeping procedures if you expect tax season to be a simple task, and you can do this by using accounting software. The trouble with this is training your current employees to use the software effectively and properly. [Read More]