If you listen to public radio, you have probably heard an announcement that programming is supported by an organization such as the Jane Doe Private Foundation or the Smith Family Foundation. If, on the other hand, you have personally made a donation to support public radio, you have donated to a public charity. What is…
Read MoreFirst, there was the Fraud Triangle. Then came the Fraud Diamond. David Wolfe and Dana Hermanson, the authors of “The Fraud Diamond: Considering the Four Elements of Fraud” (2004), created the Fraud Diamond to better explain how fraud is occurring. Pressure, opportunity, and rationalization aren’t enough without someone who has the ability to exploit them.…
Read MoreEmployee gift matching is a powerful philanthropic strategy that involves companies pledging to match the charitable contributions their employees make to non-profit organizations. General Electric created the first known gift matching program in 1954 and now matches more than $35 million in charitable donations each year. Microsoft has donated more than $1 billion since rolling…
Read MoreFake or doctored images appear all over the internet and on our phone and computer apps these days. Some are harmless and entertaining. See how you will look as you age! How would you look with bunny ears and whiskers or maybe claws and fangs? Unfortunately, criminals are increasingly using generative artificial intelligence to mimic…
Read MoreIn our article last month, “Why More Businesses are Turning to Fractional CFO Services,” we shared that many growing businesses lack the sophisticated financial controls and systems that are needed to manage the complexities of scaling operations. Implementing and refining financial systems, processes, and reporting structures ensures accurate, real-time insight into a business’s financial health.…
Read MoreConstruction professionals operate in one of the most financially complex industries, where managing cash flow and cost control from job to job creates fluctuating liquidity patterns unlike any other sector. When combined with rising material costs, labor shortages, and economic uncertainty, strategic financial management becomes essential to avoid fallout and to protect long-term profitability. Fortunately,…
Read MoreEffective January 1, 2025, Arizona’s minimum wage will be increased by 35 cents from $14.35 to $14.70 per hour. Arizona law requires the minimum wage to increase yearly based on the percentage increase in the consumer price index as of August of each year. The federal minimum wage remains at $7.25 per hour, but Arizona…
Read MoreThere comes a time for most businesses when there is a need for labor beyond what the owner(s) can provide. Hiring employees comes with the responsibility for withholding income and payroll taxes from employees’ wages and remitting those taxes to the Federal, and in most cases, state governments. Additionally, there are taxes paid by the…
Read MoreSuccessful business owners will tell you that excellent accounting is the secret ingredient to growing their business. Why? Because having access to the right financial information helps drive better business decisions. Many business owners have discovered the advantages of outsourcing non-core functions, and accounting and payroll services are among the most cost-effective functions a small- or mid-size…
Read MoreAre there any misconceptions that you’ve had about payroll? Did you end up finding out the reality of the situation after experiencing a series of unfortunate events? Hopefully, your answer is no, but whether or not you have been duped by nonfactual information, staying informed is the key to protecting yourself. So, keep reading for…
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