What does the IRS classify as gig work?
The word “gig” has broadened from its original usage by musicians for an engagement for a performance to now include any type of job that’s temporary or flexible, where you’re …
Worried About the Monthly Close
The monthly close process should be standardized. Start by creating a list of standard journal entries that will promote consistency in monthly closings. The following types of adjusting entries produce …
Exit Planning for Business Owners
Whether your business is a start-up or a mature business, exit planning should be part of your overall business plan. That may sound counterintuitive, but the fact is that no …
The SECURE Act and Other 2020 Tax Changes
The SECURE Act has passed. It changes a number of important retirement plan rules. The act runs over 120 pages, so the experts will be poring over it for some …
Selling a Small Family-Owned Business
You’ve worked your entire life to build a family business, and now it’s time to pass it on. But how and when you sell the family-owned business can determine what …
Is your company protected by its internal controls?
According to a spokesperson from the Risk Unit of Marquette University of Milwaukee, Wisconsin, “Establishing effective internal controls can help a department operate more efficiently and effectively and provide a …