All in Small Business Finances
When invoicing your clients, it is important to know whether you should be charging sales tax as the criteria in North Carolina has changed making almost all service industries and businesses liable.
One of the benefits of a small business is that your employees often feel like family. You work and “play” together and trust is frequently implied. But did you know that small businesses are more likely to be victims of internal fraud? According to a report by the Association of Fraud Examiners, “small businesses lose almost twice as much per scheme to occupational fraud. The median loss for a business with less than 100 employees is $200,000 and 42% of frauds are caused by lack of internal controls.”
“Although you may think you save money by doing everything yourself, the fact is that a professional bookkeeper actually saves you more. That’s because there is a reduced level of risk for human error, lack of knowledge, missed payments and tax obligation due dates and delayed accounts receivable.” - Entrepreneur.com