Can outsourcing help with tax preparation and planning? Oh, that is, you know, that old shoebox adage of having receipts. You wait till the end of the year. It’s really too late to have planned what you’re going to be doing for taxes. You find out at the end of the year after we’ve gone...
Ensuring that your business is in compliance involves a systematic approach to understanding and meeting the legal, regulatory, and ethical requirements that apply to your operations. Here’s how you can evaluate whether your business is compliant: Conduct a Compliance Audit A compliance audit is a thorough review of your business operations, policies, and...
By Kathryn Mayer Employees will be able to put more money into their 401(k)s next year. Starting in 2025, employees can contribute up to $23,500 into their 401(k) and 403(b) plans, most 457 plans, and the Thrift Savings Plan for federal employees, the IRS announced Nov. 1. That’s a $500 jump from the $23,000...
An organization requires to get financial statements when they need them. So when you work with an outsourced bookkeeping service, you set the parameters. You say, I would like to see my financials on a monthly basis. I have a client who wants to see her financials weekly. She’s sophisticated enough to be able to...
Levels of expertise in outsourced bookkeeping services can vary just like they can vary when you hire someone. You can have a basic service who will do basic data entry, maybe not be able to analyze or prepare financial statements. They may just do the data entry that then gets turned over to an accountant...
Compliance training is a formal education program designed to help employees understand the laws, regulations, policies, and ethical standards relevant to their jobs and business operations. The goal is to ensure that employees are aware of the rules governing their workplace, industry, and any specific regulations that apply to their roles. This training helps organizations...
By Kathryn Mayer There is no federal law requiring voting leave—but a growing number of employers are offering paid time off so that employees can cast their ballots. Roughly 2,020 companies have pledged to give employees at least a few hours off to vote through Time to Vote, a business-led, nonpartisan coalition that aims...
The difference between hiring an in house bookkeeper and an outsource bookkeeper, during business hours, you’re going to have that outsource organization be there for you all the time. With an in house bookkeeper, you’re going to deal with, “my child is sick, I can’t come in today.” When outsourcing bookkeeping service, You don’t have...
Let’s face it, everybody wants to have a strategic plan. They want to know what direction their company’s going in. And if they don’t, they need to get on board and understand that that should be what they’re doing. When you use outsourced bookkeeping, a good service is going to provide to you financials that...
Choosing the right compliance training for your business depends on the nature of your operations, the industry you’re in, and the specific regulations that apply to your business activities. Here are steps to help you determine the appropriate compliance training for your business: Identify Industry-Specific Regulations Every industry has its own set of...
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
