Accounting for Nonprofit Memberships
Nonprofit organization memberships are becoming increasingly common, often implemented for their humanitarian benefits....
Nonprofit Accounting: Determining Restricted vs Unrestricted Funds
Contributions fall into two categories: those with donor restrictions, and those without donor restrictions....
Why You Need Financial Reports More Than Once Per Year
When faced with the phrase “financial reports,” most business owners think of year-end statements presented to owners...
Overhead Expenses: to Allocate or Not to Allocate?
Not only should expenses be carefully recorded according to the type of expense, but not-for-profits must also...
Protect Your Small Business from Internal Financial Fraud
It’s a small business owner’s worst nightmare: internal financial fraud. If you’re running a small business, you want...
Overtime Pay Exemption - New Legislation For Alabama Workers
On June 8, 2023, Governor Kay Ivey passed legislation exempting overtime wages earned by full-time hourly employees...
Paying Electronically Vs. Paying Via Mail
There are several risks involved with paying your bills via mail. Paying electronically minimizes a lot of those risks
How New Alabama Overtime Pay Exemption Affects Employer Reporting
Beginning January of 2024, employers will have to report some new information on their Alabama form A-6 or form A-1 due...
Hiring Independent Contractors and the Tax Implications
Many businesses use independent contractors to help keep their costs down — especially in these times of staff...
Top 5 Signs Your Business is Financially Healthy
Financial health and physical health share a lot in common. Both can seem fine one day only to decline rapidly the...
Top 5 Accounting Tips for New Startups
The idea has been building for years, and now you’re finally making it happen. Your startup business is nearly off the...
The Difference Between Business Accounting And Finance And When To Outsource
As a business owner, you want to understand how your business’s financial performance positions your company in your...