New health insurance requirements still baffle many business owners. They don’t know whether they need to purchase policies for their workers; what kind of policies they should buy; or what fines they could face by ignoring the legislation. Although it’s impossible to know exactly how the Affordable Care Act will affect businesses until it has [...]
Archive for the ‘ Accounting ’ Category
Now Where Did That $34 Million Go?
It was right here, I swear! That was what one company was left asking after their VP of Finance embezzled from her employer. Details regarding the employee’s theft from her employer, Koss Corporation, are now becoming available. The individual, with only one other collaborator, stole $34 million dollars, representing HALF of the company’s earnings, over [...]
Don’t Look Now. More Paperwork!
There has been much discussion concerning the new 1099 requirements for business in the health care legislation. While it is true that there are expanded requirements AND penalties, most of the onerous requirements don’t go into place until 2012. Currently, a business is required to prepare an information form 1099 for anybody to which they [...]
Why Dave Ramsey is Bad for Business-Part 2
More insidious than Dave Ramsey’s obsession with debt, is his admonishing small business owners to not have partners. Let me say upfront that I completely understand what he is trying to accomplish with people, and I’ve certainly experienced my share of bad partnerships, but abstaining from all business partnerships is frankly a little goofy. Let’s [...]
Why Dave Ramsey is Bad for Business-Part 1
I am going out on a limb here, but I don’t like Dave Ramsey. That may be heresy to some, but let me explain why. Aside from the fact that he is dull to listen to, has not a funny bone in his body, and generally is preachy and dogmatic, that is not why I [...]