Posts by Shauna Huntington
5 Ways to Control Employee Expense Reimbursements
If you have team members that incur expenses as a part of their job, you’ll want to put some safeguards in place to ensure expense reimbursements or use of company credit cards don’t get out of hand. Here are five things to consider to control business expense reimbursements. Implement Clear Expense Policies Establish detailed guidelines…
Read MoreIs Your Business Keeping Up with Cybersecurity Risks?
In today’s digital-first world, cybersecurity is critical for every business and there seem to always be risks. Cyber threats are becoming more advanced, and without the right security measures, a business could face serious disruptions and financial risks. You may want to consider some key cybersecurity actions to keep your business protected. Rising Cybersecurity…
Read More5 Financial Steps to Take When Starting a Business
If you’ve made the decision to start a business, congratulations! That’s a big step! However, there are some financial tasks you need to complete before you can officially begin. After you’ve established your business with the state (contact an attorney to make sure you get setup the best way for your business), there are some…
Read MoreWhen It Comes to Your Accounting Services, You Might Want to Re-Think Going “Cheaper”
As a business owner, you might be tempted to choose cheaper accounting services to save on costs. While lower-cost accounting options might seem appealing, it’s important to consider what you may be sacrificing for the sake of saving money. Investing in comprehensive accounting services can offer benefits that cheaper options might not provide. Understanding the…
Read MoreWhat We’re Reading: Create & Orchestrate
At Fortiviti, we make professional development a priority. Each month, we read a book as a team, typically focused on professional development – such as time management, problem-solving, and best practices – or personal growth areas like building positive habits, transforming obstacles into opportunities, and shifting mindsets. This month’s pick was Create & Orchestrate by…
Read MoreHow do you Handle Prepaid Insurance?
Prepaid Insurance is the amount of money that you’ve paid out for your insurance premiums that you haven’t yet used. With many business insurance policies, you have to pay a significant amount of the premium up front or in larger installments. You don’t have the opportunity to pay an equal monthly amount. When this happens,…
Read MoreNavigating the Corporate Transparency Act & Beneficial Ownership Reporting
At Fortiviti, we understand that keeping up with new regulations can feel overwhelming, especially when it involves unfamiliar terms or processes. The Corporate Transparency Act (CTA) is one such regulation, designed to increase transparency around who really owns and controls companies. Enacted in 2021, this law aims to prevent illegal financial activity by ensuring businesses…
Read MorePumpkin Planning Day: How Fortiviti Refines Client Success and Team Fun
At Fortiviti, we look forward to our annual “Pumpkin Planning Day,” inspired by The Pumpkin Plan by Mike Michalowicz. It’s a day where the whole team comes together to dive deeper into how we can better serve our clients. We take a close look at what’s working, where we can improve, and how we can…
Read More3 Things to Consider Before Scaling Your Business
If you’ve been running your business for a while, you might be thinking it’s time to scale to the next level. Before you do, make sure your business is ready by considering these three things: 1. Assess Your Current Operations Evaluate your processes: Are they efficient and scalable? Growing without established and efficient processes…
Read More3 Ways to Save Yourself a Headache at Year-End
Navigating the end-of-year financial tasks can be a daunting challenge for small business owners. With a bit of planning and organization, though, you can make your life easier come December. Here are three ways you can save yourself a headache at year-end. Accurate Bookkeeping Accurate bookkeeping is key to a stress-free year-end process. Keeping your…
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