Author Archive

Home / Author's Article(s) / Mike Smith

According to a study by the Association of Certified Fraud Examiners conducted in 2012, over 11% of bookkeeping services fraud in the workplace involves the payroll. It accounted for an average of $48,000 per business. The fraud lasted an average of three years with the leading cause being lack of adequate bookkeeping services. An internal […]

We’ve previously discussed the topic of what bookkeeping services are and thought it would be a good time to discuss the different types of work that fall under the category. Whether a business, individual, or family, there is at least one type of bookkeeping service you probably need. Learning more about each can help learn […]

It is no secret that time is money and vice versa. So how does one calculate the ratio in which time wasted doing trivial tasks is actually costing money? It sounds complicated but is actually simple. If you are spending more than you would like doing the books, or if you are prone to make […]

We have previously discussed bookkeeping tips for married couples as well as bookkeeping tips for those about to retire. But in addition to couples and individuals of all kinds, we see many business owners pass through our doors. Even those who use our bookkeeping or a similar service must still take some essential financial precautions. […]

There are lots of items contained in standard marriage vows regarding “love, honor, cherish, etc.” But there are very few that regard the all mighty dollar. In our experience, this is a leading cause of marital strife and not to be trifled with. But for those who know how to get a running start by […]

We’ve got bad news and good news. The bad news is most Americans aren’t even close to planning for retirement. A recent study showed that up to 36% of all Americans don’t even have $1,000 saved for retirement. In short, their savings wouldn’t pay for a month’s worth of expenses. Ideally but not practically, the […]

In a world of low yields and high valuations in the market, trying to get a decent return on your investments can be tough. To best serve our present and future clients, a bookkeeping plan with this in mind is a step from traditional offerings because it comes with comprehensive planning based on your goals. […]

Imagine this: you answer your phone and the caller claims to be with the police and they are looking to arrest those who have missed jury duty. They claim you are one of them. The only way to avoid jail right there and then is to pay your missed jury duty fines over the phone. […]

Until they reach the age of eighteen, kids are legally the responsibility of the parents. And with great responsibility comes great bookkeeping hacks. No one ever said raising kids was cheap, and the IRS has been known to cut many a break for parents who are struggling to pay their bills. With that in mind, […]