Meals, travel and lodging expenses incurred by employees on the road may be deductible if properly managed. With changing rules on what is and isn’t deductible, it’s important to keep your business up to speed …Read More

 

    Over the last 23 years, we have been blessed to have the world’s best receptionist at Froehling Anderson. Cindy Castellano has decided to retire and spend more time with family and friends (especially …Read More

 

Manufacturing is a complex business with many moving parts — it can include anything from international business to tax laws. How do you set yourself up for success when it comes to your financials? Go …Read More

 

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth 401(k)s …Read More

 

To save money, your business may treat workers as independent contractors, rather than employees. Be aware that the IRS looks for businesses that improperly classify workers. It’s best to handle independent contractors so the relationships …Read More

 

A great CFO can do more than help a company’s bottom line—they can put key processes in place to drive growth and culture. CFO’s provide their company with direction and vision that is invaluable. Why …Read More

 

Who pays with cash anymore? Many customers prefer electronic payment methods, such as credit cards, PayPal, Venmo or even Bitcoin. But modern forms of payment require a modern audit approach. Cashless transactions require the exchange of …Read More

 

Limited liability company (LLC) members may be subject to back taxes and penalties if they underpay self-employment tax. Find out if your business could be at risk. SE Tax Background Self-employment income is subject to …Read More

 

Private companies have a good reason to celebrate this New Year: The FASB recently updated its guidance to allow them to opt out of the complicated rules for consolidating variable interest entities (VIEs). Consolidating financial …Read More

 

Since a lot of money flows through accounts payable (AP), it is important to get it right! Auditors can help by using four key procedures on AP: reviewing standard operating procedures (SOPs), analyzing source documents (such as …Read More