New Sales Tax Law

Most states have debt at some level, but the state of KY has a lot.  So, in order to make up for the deficit a number of small businesses will be paying sales tax effective 7/1/2018.  Hopefully, by now your accountant or bookkeeper has informed you if you are one of...

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Keep Bookkeeping Simple

One of my all-time favorite vacations was spent in Yosemite National Park in California several years ago.  One summer there was a fire that started when a single tree was struck by lightning.  It grew to the size of Chicago and became larger than the size of San...

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Policies and Procedures – Why Have Them?

Many smaller to mid-size businesses today do not invest the time to have written policies and procedures. Is it because they don’t have time or think it’s necessary or a combination of both. What if you and your backup person are out with the flu epidemic? Could...

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Fraud In The Workplace

After leaving one of my corporate jobs the person that they replaced me with ending up embezzling the company for $113,000. The individual did not have an accounting background or formal education and was hired as an office manager. The problem was – the controller...

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Add These Important Tax Dates To Your 2018 Calendar

It's always good to have a reminder of upcoming tax dates, so here you go! 2018 Tax Return Due Dates by Business Entity Type: Type of Tax Return:                                                                                                                Due Date:...

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