5 Ways To Audit Proof Your Business

Imagine…you discover the certified letter in your mailbox from the IRS, announcing you have been selected for an audit.  No worries!  Once upon a time, I made a “Slinky-knot” mess out of my QuickBooks™ file.  Fear of an audit – and a growing pile of unpaid bills – encouraged me to get it sorted out.  [...]

5 Ways To Audit Proof Your Business2016-12-01T14:55:15+00:00

How to Clean Up Your Payroll

I’ve spent a lot of time over the last 20 years helping people clean up financial messes.  The messy mess (the smelly smell for Sponge Bob fans) is payroll. Payroll entries are complicated.  There is the expense to you and the cash requirements and the amount you withhold, then submit, for payroll taxes for you and [...]

How to Clean Up Your Payroll2016-12-01T14:55:15+00:00

How to Avoid Employee Theft!

Former worker admits stealing nearly $170,000 from University Plaza Hotel edited news release from U.S. attorney’s office 2:10 p.m. CST, February 22, 2012 SPRINGFIELD, Mo. — A former employee of University Plaza Hotel and Convention Center in Springfield pleaded guilty in federal court on Wednesday for stealing nearly $170,000 from the hotel. “JM”, 47, of [...]

How to Avoid Employee Theft!2016-12-01T14:55:19+00:00

Build a Better Bean Team

The following story is true.  The names have been changed to protect the innocent.  If you think this story is about you…you are probably right. The Martyr and The Intimidator Leslie is the owner of a roofing company, a business she inherited from her father.  Back in the day, her father managed a small crew [...]

Build a Better Bean Team2019-09-26T01:11:58+00:00

Get to KFP! (A Known Financial Position)

If you were driving 80 miles an hour, in the dark, with your lights off, heading towards a cliff, would you like someone to yell, "STOP?" OK. Stop! Do you produce financial reports – the balance sheet and income statement – every week?  Do you analyze sales, costs, cash flow, and debt every week?  If [...]

Get to KFP! (A Known Financial Position)2019-09-26T01:12:30+00:00