"Workers' compensation (colloquially known as workers' comp in North Americaand compo in Australia) is a form of insurance that provides wage replacement and medical benefits for employees who are injured in the course of employment, in exchange for mandatory relinquishment of the employee's right to sue his or her employer...
What records do you keep when you hire and fire an employee? Well if you can't tell the Department of Unemployment three years down the road when and why someone left your employment you may be open to invalid unemployment claims that could raise your...
Did you know that if you have signing privileges on the company checking account you could be personally liable for all unpaid taxes of that company? Did you know that using a signature stamp makes you a signer on the account. How many bookkeepers do...
The NACPB recently reported that:"Failure to Pay Workers for Pre-Shift Work Activities Will Cost Employer More than $1.5 MillionFarmers Insurance Inc. has agreed to pay over $1.5 million in back wages to 3,459 employees following an investigation by the U.S. Department of Labor's Wage and...
The I.R.S. is trying to protect the public from the well meaning but sometimes ignorant, as well as the predatory tax form preparer. Every year I see a few 1099's prepared by an office assistant that clearly had no idea what he or she had been asked...
[caption id="attachment_699" align="alignnone" width="600" caption="Madaket Beach, Nantucket July 2011. Are you missing the sunsets of life trying to do too much yourself?"][/caption] The most successful business owners and entrepreneurs all have learned the skill of delegating. For many small business owners one of...
QuickBooks has special lists build into its program called "Customer & Vendor profile" lists. These lists work with vendors & customers to further group them into specific subcategories. This is an extremely useful tool for almost any small business. Here are 3 ways to streamline...
QuickBooks is an accounting tool that tells the story of the money. How long does it take you to tell your story? All day? Twice as long as it took you to make the transaction? Every Saturday? Well then chances are that you are spending...
by CHRISTOPHER SPELLMAN on JULY 19, 2011Small business bookkeeping tips can make a world of difference! That’s why we’ve been writing on the topic for the past few weeks. Check out our series called, “Small Business Bookkeeping – Getting Started.”This week we’ll be posting some more great tips...
[caption id="" align="alignnone" width="130" caption="Point of Sale Systems"][/caption] What should a point of sale system do for you? Well the answer is simple. It should do anything you want it to. The real question is what can you afford for it...