Prevent expense account padding with the right policies

Posted on Leave a commentPosted in Bookkeeping, Business Planning and Consulting, Compensation, Uncategorized

Ask employees whether padding expense account reports is wrong and just about everyone will say “yes.” Yet inflated expenses continue to cost businesses thousands of dollars annually. For this reason, every company must establish the right policies to stop it. How it works To stop expense padding, you need to know how it works. Expense […]

Have you misclassified employees as independent contractors?

Posted on Leave a commentPosted in Bookkeeping

Have you misclassified employees as independent contractors? An employer enjoys several advantages when it classifies a worker as an independent contractor rather than as an employee. For example, it isn’t required to pay payroll taxes, withhold taxes, pay benefits or comply with most wage and hour laws. However, there’s a potential downside: If the IRS […]