Remote Quality Bookkeeping

According to surveys , over two-thirds of small businesses in the US fall victim to fraud and employee theft each year! The loss of revenue, time, and customers is devastating for business owners, making it difficult to regain ground after such a setback. In today's highly competitive marketplace, companies must continuously innovate to stay competitive. This is made even more challenging when your business is hit by fraud or scams. Luckily, there are some things that you can do to protect your company from fraud and prevent it from ever happening again, such as hiring an outsourced forensic bookkeeper. Keep reading to find out how businesses can prevent fraud from happening to them! Securing IT Systems Cybersecurity is one of the most important aspects of running a business and protecting customer data. Cybercriminals are using sophisticated phishing scams to obtain sensitive information about your customers and employees. Make sure to invest in top-of-the-line security software t...

  On August 16th, the Senate passed the Inflation Reduction Act (IRA),  which will reduce prices across the board and benefit small businesses the most in today's inflationary economy. Although it has been around for a while, many business owners are still not aware of the bill or the impact it will have on their business. Let's take a look at what the bill does and how it will help small businesses: Inflation and Taxes Impact on Small Business The IRA bill includes over $80 billion in funding to the IRS for tax reductions, tax credits, and additional deductions, as well as overall simplification of the tax system. Excise tax is 1% on corporate stock buybacks, and lastly, corporations that make $1 billion or more per year will only pay a 15% federal corporate tax rate . For small business owners, the above provisions wouldn't affect them directly, but it will help them by simplifying the tax code and making costs cheaper. Increased funds to IRS will directly translate into ...