This post is not to discuss or provide information on how to avoid embezzlement, but rather what systems you can implement to automatically detect an embezzler.  Couple facts to know: -In 2016 75% of the industries studied, managers embezzled more often than employees -Four of every five victim organizations had fewer than 100 employees; just…

Are your contributions to crowdfunding websites such as Kickstarter, GoFundMe and YouCaring etc.. qualified for a tax deduction on your taxes?  The answer is no.  The IRS only allows deductions from Qualified Organizations.   The definition of a Qualified Organization by the IRS: A qualified organization should be presented as a 501(c)3 and usually will…

Have you heard your Accountant mention requesting a Tax Filing Extension for your business?  Do you know what this means and what happens when filing for this Extension? First off, a Tax Filing Extension is a useful tool the IRS has provided to business owners which allows you some additional time to get your bookkeeping in…

Understanding your Profit and Loss (Income Statement) is essential to the success of your business.  If you’ve read my other posts you’ll see how I emphasize the importance of reviewing your Profit and Loss and other financials reports in order to succeed in business.  I’d like to discuss how to read a basic Profit and…

Have you ever felt like your clients, family or friends don’t value your time? Do you feel stressed on a daily basis because you say Yes to people’s requests? People tend to devalue your efforts and every time you say yes and it isn’t helping anyone, specially not you, in time you’ll become more stressed…

  Many of my clients when I meet them the first thing I have to teach them is to let go of “control”.  They want to do everything, be everywhere and at times they don’t let their staff work to their full potential because they micro manage.  Now it’s easy to understand why, they built…

1. Review your Financials (Profit and Loss and Balance Sheet). A Profit and Loss is a good way to see how your company performed for the year, it is important that this report is accurate and reconciled before sending to your Accountant for Tax Filings.  An inaccurate Profit and Loss can either make or break you,…

Have you ever sat down and wondered why your business isn’t growing to it’s full potential?  You keep investing money in marketing, you’re trained and re-trained your sales team but when you look at your bank account you’re still not seeing much growth?  I can almost guarantee you that if you’re asking these questions you…

Wipe Out Social Media! Living in a world full of social media we get caught up in the web of posting, liking, following and wanting to get likes, follows and subscribers. And although Social Media is a powerful tool to grow your business, make sure you manage it correctly.  If you spend at minimum 30…

Partnership The best partnerships aren’t dependent on a mere common goal but on a shared path of equality, desire, and no small amount of passion. – Sarah MacLean  WHAT IS A PARTNERSHIP A partnership is a business in which two or more individuals share the responsibilities of ownership. Every partner of the business is responsible…

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