In construction and trade businesses, equipment, tools, and vehicles are the backbone of your operations. But what happens when one of those assets reaches the end of its useful life? For example, a work truck that’s become unreliable or machinery that has outlived its usefulness. You need to know how to dispose of fixed assets […]
Tag Archives: compliance
29
Apr
Apr
As your business grows, so do your financial responsibilities. At some point, you might find yourself wondering: Do I need a Chief Financial Officer (CFO), a controller, or both? Understanding the differences between these roles, and when to bring them in, can help you make the right decision for your business. Let’s break it down. […]
05
Mar
Mar
A workers’ compensation audit might sound intimidating, but with the right preparation, it can be a straightforward process. If you own a business and aren’t deeply involved in payroll or finance, this guide will help you understand what to expect and how to prepare so you can avoid surprises. What Is Workers’ Compensation Insurance? Workers’ […]
25
Feb
Feb
Starting your own business can feel overwhelming. But don’t worry! You don’t need to be a financial expert to get your business started. With a little planning and a step-by-step approach, you can set yourself up for success from the beginning. Here are four simple steps to get you started: 1. Define your Service and […]
21
Jan
Jan
If you own a business, you’ve likely heard the term “corporate veil.” It’s an important concept for business owners, especially those operating as a corporation or LLC. This article explains what the corporate veil is, why it matters, how it can be pierced, and how to protect yourself and your business. What is it? The […]
09
Apr
Apr
Receiving a tax notice might raise concerns, but as a small business owner, staying composed and taking specific steps can help navigate this situation smoothly. Here’s a simple five-step guide on what to do when you receive a tax notice: Step 1: Don’t panic It’s really important to stay calm. Take a moment to carefully […]