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Why You Need Better Controls for Foreign Vendor Payments
A client once asked a simple year-end question: “We paid someone overseas. Do they need a 1099?”
It was a fair question, but by January, the better question is often what should have been collected when the vendor was first set up.
Accuracy in Your Tax Return Is Important, Even With Fewer Audits
A lower IRS audit rate is not much comfort if your return is the one that gets flagged because the income, deductions, or reported amounts do not match what the IRS has on file.
How to Raise Prices and Keep Your Customers Happy
Knicks tickets and World Cup seats are not accounting topics, at least not at first glance. But they can teach business owners something about pricing.