December 2, 2024

At the heart of effective financial management lies the accounting cycle—a fundamental process that guides businesses in recording and analyzing their financial transactions. Understanding this 8-step accounting cycle is crucial for beginners to master the art of effective financial oversight.   Following the structured eight-step process, businesses can streamline their bookkeepin...

April 8, 2024

Managing a small business means juggling a myriad of crucial tasks, from acquiring customers to ensuring your products or services are top-tier. Right at the core of a successful small business is the efficient running of your operational heart - your employees. And what better way to ensure that this heart is ticking steadily and accurately than by investing in powerful payroll software designed ...

December 16, 2014

Even people who have never heard of GEICO know that health care costs have been skyrocketing over the last few years. With the implementation of the Affordable Care Act, many companies may see a further increase in their premiums. Although escalating health care expenditures is a worrying issue for both small and large businesses, these rising expenses are more likely to be detrimental to the “h...

January 7, 2014

Many folks who have “regular 9-to-5” office jobs contribute to a company-sponsored retirement savings fund, be it 401K or employee pension (or both), or other financial product or service offered by their company. These are great benefits. So are the healthcare benefits, paid vacation time and sick days offered by many companies. If you’re self-employed, however, these options likely aren�..

December 9, 2013

There is no question that a college degree is an integral piece of the puzzle on the road to finding a good job and rewarding career. For example, high school graduates with no college degree had a 17.9% unemployment rate in 2012, while their counterparts with degrees experienced a 7.7% rate (source). Unfortunately, a college degree is also a very expensive piece of the puzzle! Case in point: The ...

November 15, 2013

These days, terminated employees receiving severance packages happen quite frequently. Sometimes it happens voluntarily, such as during a layoff; other times, it happens after the employee has won a lawsuit against his or her company. It could even be required by state or federal law, or be part of a company’s policy. Severance pay is basically a sum of money given to an employee to help a termi...