Posts by Fortiviti
Why Keep Receipts?
In business, it is important to have good records. However, in the day-to-day dealings of running a business, some smaller things, like receipts for expenses, seem to move to the bottom of the list. Here are a few reasons you may want to reconsider trashing your receipts. Expense Coding Receipts have details about your purchases…
Read MoreNEW Tax Estimation Calculator
Did you get the refund you were expecting last year? The IRS has always had an estimated tax calculator for tax payers to use in order to estimate their taxes owed and easily estimate what refund they should be expecting. However, for the 2018 year the calculator wasn’t always accurate because of the changes to…
Read MoreChanging Your Business Name – What You Need to Know
Congrats on your business name change! You’ve put in hours of brainstorming, writing, re-writing, and crafting to come up with your new name and brand. But now that you have it, the work has only just begun. Between updating accounts, notifying the public, and complying with government agencies, there is a lot more to changing…
Read MoreCrossing State Lines – Employment Considerations
Crossing state lines can grow your business. However, as an employer, it also means you must be aware of the different laws related to employment and business in each state. First, you need to be aware of whether states have reciprocal agreements. Reciprocity means states have agreements that you may withhold payroll taxes only for…
Read MoreTime For a Review of your Insurance Coverage!
Not reviewing your insurance policies can be damaging for multiple reasons: You could be paying for coverage you don’t need. Review the business classification codes listed on the policy and the wages associated with the classification codes. Is there a classification code listed for services that your company no longer provides? As your business changes,…
Read MoreThe Power of VLOOKUP
Spreadsheets are the engines that run many businesses. With so much data, you will likely have multiple spreadsheets with different information; all of which relate to a single, core piece of your business. For example, if you are an HR manager, you may have multiple spreadsheets about your employees (one for benefits, one for PTO,…
Read MorePersonal Use of Company Vehicles
If your employees are driving a company-owned vehicle, it is important that they keep detailed records of the miles driven for business and those driven for personal use. The breakdown of miles driven throughout the year will be used along with the Fair Market Value of the vehicle to determine their taxable compensation for use…
Read MoreSelecting the Best CPA for your Business
Business owners are pulled in multiple directions every day. Therefore, it is important to invest the time and energy into finding the right advisors to help you on your journey. These advisors will vary depending on the industry you are in. However, there are a few that are consistent across all businesses, including a good…
Read More4 Tips to Creating Work-Life Balance
The number one request we hear from candidates, employees and clients is that they are looking for work-life balance. While the employer can definitely play into this balance that everyone is looking for, individuals have much more control than they think. Here are four tips on creating your own work-life balance: Plan your day so…
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