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accounting

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Creative Accounting Causes Problems For Groupon

by Mike Periu on September 28, 2011

in Small business

I recently wrote about Groupon’s planned initial public offering (IPO) and the operational and financial data provided by the company in its Securities and Exchange Commission (SEC) filings—it was quite an eye-opener.
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ax shelters are once again facing aggressive scrutiny by tax and law enforcement officials. The former CEO of BDO Seidman, one of the largest accounting and consulting firms in the country, was recently convicted along with several high profile co-defendants of “conspiring to defraud the IRS and to evade taxes and [...]

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When your business is in the startup phase it is almost certain that the founder(s) will know where every single penny is being spent—it’s the nature of financial scarcity. But as your company grows, this becomes unrealistic and could become counterproductive if you neglect sales.  You have to establish procedures that [...]

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How To Tell If Your Accountant Is A Crook

by Mike Periu on April 11, 2011

in News and updates

Misconduct on the part of accountants and bookkeepers is an unfortunate reality. While most accountants and bookkeepers are honest and take their work seriously, the small number of bad apples justify taking a cautious approach.
Go to the article:  How To Tell If Your Accountant Is A Crook

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Working with small business owners can be more interesting than watching the latest mystery thriller on Netflix.  Owners are far more complex than movie characters.  The stories of how they got started and how they stay in business can beat any movie plot. And sadly, the downfall (in cases where [...]

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Most business owners that want to grow their companies focus on sales growth. But that’s only half of the solution. You also need to make sure that the customers that buy get around to paying you.  Managing accounts receivables is what really makes or breaks a business.
Go to the article:  Take the [...]

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