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Internal Audits for Fraud Protection
“I hope I shall possess firmness and virtue enough to maintain what I consider the most enviable of all titles, the character of an honest man.” — George Washington The “American Greed” TV show on CNBC chronicles the dishonesty of white-collar criminals. Along with “Dateline NBC” and “60 Minutes,” there appears to be no […]
What an independent auditor cannot do for your business
Have you ever wondered what an independent auditor can do to help you run your enterprise more efficiently and effectively? Beyond the report the auditor issues on your financial statements, that is. For a clear picture of the auditor’s role, perhaps it is best to understand what independent auditors cannot do according to the rules
With Wellness: You Don’t Have to be a Big Business to Achieve Big Results
Wellness is a state of mind and body. It’s an individual thing. So, when it comes to employee participation, let’s not get lured into the misconception that wellness only works in large numbers, and therefore is more fitting for a sprawling Fortune 500 company than it is for a small business with 25 to 100
What’s the Value of Your Business, and to Whom?
Every business owner, at one point or another, asks himself, “What is my business worth?” The answer to the question really depends on who is asking. From a purely financial perspective, the value of a business to a potential buyer depends on the type of buyer and the buyer’s standard of value applied to the
Small Business Health-Care Credit Alert
Arguably the most sweeping change to U.S. health care since the passage of Medicare and Medicaid is upon us. The combination of the Patient Protection and Affordable Care Act and the Healthcare and Education Reconciliation Act create myriad changes in health care. Most major provisions will be effective by January 2014, with others being phased
Changing Estate-Planning Rules Require Careful Consideration
Is your estate plan current? The federal estate-tax rules drastically changed in 2010, were altered again in 2011, and will change again in 2013. Following is a summary of these laws. I encourage you to review your own estate plan to see how it is affected. Our federal estate-tax exemption, which is the amount you
Junior Achievement: A solution to the work-force skills gap
The health of a nation is largely influenced by the makeup of the current and future work force. The characteristics of the work force affect productivity, the economy, and global competiveness. In 2011, about 139 million individuals, or 58 percent of the non-institutional, civilian population (age 16 and older), were in the U.S. work force.
Starting Your Own Business? To Achieve Success, Avoid Common Pitfalls
Every year, thousands of people make the decision to start their own businesses. These determined entrepreneurs all set out to be successful, but in time, many learn a hard lesson: It takes more than blood, sweat, and tears to build and run a successful small business. In addition to the entrepreneurial spirit, you need business
Five Strategy Pitfalls in Strategic Planning
Do you feel as if you are slogging along instead of buzzing? It is business as usual but things are just not clicking? Sales are OK but not great. If this scenario resonates with you, then it is time to tap your strategic reserves. You need to drill deep, though, if you seek to isolate
Equity Crowdfunding: Issuers Assemble
More than five months have passed since enactment of the Jumpstart Our Business Startups Act (the JOBS Act), and its much-heralded third article, the Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act (the CROWDFUND Act). Only four months remain until the acts’ provisions are scheduled to go into effect, and for a business
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