Small businesses often overlook the risk of employee theft and fraud. In most cases, weak internal controls leave the door wide open for embezzlement of company funds by unscrupulous employees. Fortunately, there are several simple techniques that can be implemented in QuickBooks to significantly decrease the risk of fraud. 1. The Root of the Problem [...]read more
Posted Friday, May 3, 2013Synopsis: The impact of expiring green energy tax incentives for small business and what to expect in the future. As traditional fuel prices continue to climb, green energy tax incentives have failed to keep up with the pace. Over the past decade, tax breaks for solar, wind, and alternative fuels have made clean energy a [...]read more
Posted Wednesday, May 1, 2013The QuickBooks audit trail is a great tool for business owners, CPA’s, forensic accountants and anyone who is concerned about the integrity of the accounting files they use. Unfortunately, there are dishonest employees who look for weaknesses in systems and perpetrate fraud everyday. My bookkeeping firm, Outsource Your Books LLC, has been brought in on [...]read more
Posted Friday, January 25, 2013The simple answer is “yes,” but each case is different. Check out the article I found pertaining to this at the following link: Elusive Sales Tax Refundsread more
Posted Wednesday, January 23, 2013The fiscal cliff was avoided late Tuesday evening so what does this mean to your tax rates. Here is a brief summary Tax rates For tax years beginning after 2012, the income tax rates for individuals will stay at 10%, 15%, 25%, 28%, 33% and 35% (instead of moving to 15%, 28%, 31%, 36% and [...]read more
Posted Thursday, January 3, 2013
I am a licensed CPA in both New York and Massachusetts, and a member of the American Institute of Certified Public Accountants.