Recent Posts
Do you ever look at your financial information and can’t quickly see the story it is telling you. Maybe your Chart of Accounts (COA) needs some housekeeping. Like a hoarder some COA collect old information that needs to be cleared away. There can be several reasons for a business to change its COA. It could be that your business has changed or perhaps there are problems in the original design of your COA. Your r
eports may not produce the information that your organization needs to properly run the business or meet tax and regulatory needs.
Most people don’t think about the mechanics of making a bank deposit. You just go to the bank, fill out a form and hand it to them, right? Well, not so fast. Banks aren’t perfect and make mistakes. Plus, the world of banking is changing.
This month, our client spotlight mixes a recording studio with a passion for Reggae music. Please meet FE True Records, a small independent music label, focused on the cultivation of Reggae music, owned by Michael Bell, MD (aka Dr. Bassie).
The relationship you have with your accountant shouldn't be one-sided. Yes, it's important for you to have collected all the necessary documents in a timely fashion so your accountant can prepare your taxes properly. In a previous blog, I identified the items you should collect and prepare. I also have a video with tips to help! But what about your accountant? What can you expect from their side of the relationship?
The new year is well underway, but before you move on and leave 2022 in the dust, there are a few things your accountant needs to prepare your taxes properly. The sooner you provide this information, the better. Your accountant is swamped and will be able to get your taxes done if you get these important items to them by mid-February (so right now!).
Understanding Social Engineering, the manipulation technique that exploits human error to gain private information, is the first step to avoiding being a victim of an attack. The second step is to learn how you can best protect yourself and your business from it. There are a few important, yet simple, methods you can follow. The processes below have been successful for our clients.
This week, another one of our clients fell victim to Social Engineering. An employee received an email to make a change in another employee’s payroll deposit bank account that went undetected for two months. The business owner had a clearly written policy to never accept written instructions for changes in bank account information. Yet the employee made the change. Our client spent hours filing claims, lost sleep from the horror and frustration of the situation, and spent thousands of dollars to make her employee whole. It’s time to educate yourself on Social Engineering so this doesn’t happen to you.
When you drive around Cleveland, you don’t need to go far to find a building that has been engineered for sustainability by our client Emerald Built Environments. They are everywhere. Since 2012 they have worked with real estate developers, building owners, architects, contractors, and engineers to provide clean building consulting in Cleveland, the U.S., and now internationally.
Meet Deep Clean Solutions, our client who has mastered the art of deep cleaning restrooms, ceilings (including kitchen ceiling), tile, and grout. We are grateful for the work that founder Chris Wisbar does to make the places we visit immaculate. We just wish that all public restrooms and kitchens used him.
Please meet Nafisah Alim, Founder and Executive Director of People, Places, and Dreams--a minority-owned, for-profit Mental Health and Substance Use Agency, accredited by OHMAS. BudgetEase’s expertise in working with Treatment Centers makes our collaboration with People, Places, and Dreams impactful. BudgetEase is so grateful for Nafisah and her team’s work to help those challenged with addiction.
