Forensic accounting is a specialized field investigating financial discrepancies and providing evidence suitable for legal proceedings. Forensic accountants are tasked with examining and analyzing financial records to uncover fraud, embezzlement, or other financial misconduct. Their work is often associated with litigation support, dispute resolution, and investigative accounting. Critical aspects of forensic accounting include: Fraud Detection:… Continue reading What Is Forensic Accounting?
Category: Business Operations
Easy Ways To Inventory Your Possessions For Insurance
Insurance companies can require you to provide an inventory of lost, stolen, or damaged items before paying for a claim. If you don’t have an accurate inventory, it could reduce the amount of money the insurance company pays you. Get the benefits you deserve! Consider these essential tips: Your insurance inventory is an integral part… Continue reading Easy Ways To Inventory Your Possessions For Insurance
Accounting Software For Small Businesses
If you think starting your own business is easy, you’re wrong. Aside from developing suitable products and services, you still need to sell them to the market. One of the essential factors in running a business is effectively managing finances. The language of any business, big or small, is accounting. The business scene is always… Continue reading Accounting Software For Small Businesses
5 Tips To Save On Health Insurance
Health insurance is a considerable cost of business for any company, but especially for small companies. Premiums continue to increase, and many smaller firms require employees to shoulder the financial burden. Many employers have been forced to eliminate medical coverage. Over 60% of those without health insurance are employed by small businesses. This is a… Continue reading 5 Tips To Save On Health Insurance
What Is The Sarbanes-Oxley Act?
The Sarbanes-Oxley Act of 2002, often abbreviated as SOX, is a United States federal law enacted in response to high-profile corporate accounting scandals, including those involving Enron, WorldCom, and Tyco International. The Act is named after its sponsors, Senator Paul Sarbanes and Representative Michael Oxley. The primary purpose of the Sarbanes-Oxley Act is to enhance… Continue reading What Is The Sarbanes-Oxley Act?
What Debt Collectors Can and Can’t Do
Debt collectors are like mosquitos. They can be annoying, and they’re hard to dissuade. Fortunately, there isn’t much a debt collector can do besides call and mail you. The Fair Debt Collection Practices Act (FDCPA) spells out the actions that a debt collector may and may not undertake while collecting a debt. Your state has… Continue reading What Debt Collectors Can and Can’t Do
11 Things To Look For When Choosing An Insurance Agent
Chances are, at some point in your life, you’re likely to want the services of an insurance agent. Homeowners, auto, health, disability, and life insurance can prevent financial disaster due to a crisis. A good insurance agent can help you protect one of your greatest assets: your money. How do you find an exceptional insurance… Continue reading 11 Things To Look For When Choosing An Insurance Agent
Accounting Outsourcing Do’s and Dont’s
Given the approaching tax season, are you dreading clearing the accounting and bookkeeping work piled on your desk? Opt for accounting outsourcing to deal with the issue quickly and perfectly. This is the simplest way for accounting firms and CPAs to deal with a heavy workload to meet customer demand during the peak tax season.… Continue reading Accounting Outsourcing Do’s and Dont’s
Wage Garnishment – What You Need To Know
Understanding Your Wage Garnishment Are your wages being garnished? Wage garnishment can occur because of a court order or judgment. It can also happen because of unpaid taxes, defaulted student loans, child support, and other issues. The key idea is that a portion of your paycheck is held back to make these payments. Learn the… Continue reading Wage Garnishment – What You Need To Know
Does Your Business Need Outsourcing?
Have you ever imagined how important the back office process is for the success of any organization? We all realize the importance of this, but the fact remains that most of us are reluctant to do this work. Outsourcing is one source through which you can stop doing the work, yet your task will be… Continue reading Does Your Business Need Outsourcing?