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When tracking and planning your business objections, it’s easy to focus your analysis on two reports — the income statement and balance sheet. But one of the primary keys to your business’s success relies more on how you handle the money flowing in and out of the business. The appearance of a solid profit can
Is a payroll provider right for you and your business? While it is an added expense, there are good reasons to add a partner to help with this service. Here are five things to consider: 1. Allows full attention on growing the business. If a portion of employees is focused on managing and processing payroll,
Employee fraud can cost your business real money — perhaps more than you may realize. A 2016 study of occupational fraud, published by the Association of Certified Fraud Examiners, found that small businesses accounted for approximately 30% of fraud incidents. The median of loss was $150,000. Implementing a system of policies and procedures known as
A new overtime rule takes effect on December 1, 2016, and the Department of Labor estimates that over 4 million workers will become entitled to overtime in the first year of the change. If your employees are included in that number, now is the time to begin preparing. Here’s what you need to know. How