6 IRS Red Flags for Small Businesses to Avoid

6 IRS Red Flags for Small Businesses to Avoid

Audits by the Internal Revenue Service (IRS) are rare, but there are certain behaviors the IRS tends to keep an eye out for. The reasons for an audit are not always clear, but here are six of the most common IRS red flags for small businesses to avoid. Small Business...
What’s the Difference Between a CFO and a Controller?

What’s the Difference Between a CFO and a Controller?

Three common roles in a company have the most influence over financial affairs and functions: the Certified Public Accountant, the Chief Financial Officer, and the Controller. Some might find it difficult to know the difference between a CFO and a Controller. These...
When Should My Business Hire a Controller?

When Should My Business Hire a Controller?

The best time to hire a financial Controller depends on the business’s size, current staffing, projected future growth, and organization of the firm’s accounting function. What Is a Controller? A Controller is an employee in a management position responsible for some...
Moving a Business to Nevada

Moving a Business to Nevada

In recent years, many owners have been increasingly moving a business to Nevada. There are several reasons for this, but the primary reason is the perception that Nevada has no income tax.  While this is true at the individual level, tax requirements affecting...
Tips for Small Business Financial Management

Tips for Small Business Financial Management

Small businesses exist for many reasons, but they all share 3 common purposes: They must be worth pursuing, as envisioned by the person or persons starting them Once pursued, they must continue To continue, they must earn a profit For a small business to succeed, it...