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- What You Need to Know About the New Lease Accounting Standard
In January of 2016, the International Accounting Standards Board (IASB) issued its new lease accounting standard, which has been in development for years with the Financial Accounting Standards Board (FASB). The FASB released its own version of the standard weeks Read More
- 7 Ways to Improve Cash Flow and Reduce Risk
President Donald Trump famously said, “Cash is king.” Like him or not, he was onto something. Cash flow is the lifeblood of business and critical to growth. Business owners learn very quickly that it’s difficult to survive when cash outflow Read More
- When and How to Collect Social Security
The Social Security Act was signed by President Roosevelt in 1935, due in large part to the economic hardships brought on by the Great Depression. Although some of its provisions were intended to provide immediate relief for families, Social Security Read More
- LLC or S Corp: Which Legal Entity Should You Choose for Your Business?
How you structure your business, or the type of legal entity you choose for your company, has implications that go far beyond taxes. It can impact how your business operates and grows, how it is financed, and the level of Read More
- The Classification Conundrum: Employee or Independent Contractor?
Many employers, from large enterprises to small startups, don’t understand the distinction between an employee and an independent contractor as defined in the Fair Labor Standards Act. In some cases, workers are intentionally misclassified as independent contractors to save the Read More