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How to Avoid Online Fraud

Fraud differs from identity theft. Stealing one’s identity involves stepping into another’s shoes, actually opening accounts and loans, and then not paying. Fraud is stealing one’s funds through forgery and/or use of unauthorized credit cards. Conducting business over the internet exposes merchants to the greater risk of losses due to fraud. Therefore, risk management and…

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Blog, Global News

Getting Accounting & Bookkeeping Clients to Adapt

I’ve heard the argument so many times about how one’s clients are just not ready for this Paperless thing. I can’t even begin to count the whines and protests from practitioners about clients who are unable or unwilling to make such a change. What a bunch of malarkey! We had an interesting session with a…

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New Deadlines for Form 1099 and Form W-2

US Congress recently passed a new law that changed certain Form 1099 and Form W-2 deadlines. In order to combat tax fraud, US Congress passed The Protecting Americans from Tax Hikes (PATH) Act of 2015. It was signed by President Obama last December. This act revises the filing deadlines for Form W-2 and certain Form 1099.…

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Blog, US Local News

The Challenge of Entrepreneurship

Entrepreneurship is all about the vision. It’s about looking at a current problem as a challenge and finding a solution to address this challenge. The journey of an entrepreneur is all about making this vision a reality – along the way surviving the odds and trials that come with it. Recently, our President and Co-Founder…

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How to Avoid Common Accounting Pitfalls

Accounting is a critical business function whether you’re a start-up with less than 5 employees or a fully-fledged, growing business with more than 20 employees. A common practice of most entrepreneurs when starting out with their own business is to wear different hats – including the bookkeeping hat. But since not everyone is skilled in,…

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The 3 Keys to a Profitable Business

Most people aren’t experts in every aspect of running their business. So why try to be? To be successful as a fitness business owner you need to have a profitable, competitive business strategy and then master three key business functions: Marketing your business effectively Delivering your fitness service promise consistently Managing every aspect of your…

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3 Tips for Small Business Owners

Designed for budding business owners, three speakers (who are small business owners themselves) shared their insights on how entrepreneurs can succeed.

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Don’t Play Accounting Catch Up!

Admit it: after all the celebration, best wishes, and renewed hope that any new year brings, the reality for most of us is that January, the first month of the year, is spent catching up on your company’s accounting. With a bit of planning and foresight, though, this could easily have been avoided. To lessen…

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Calamity-Proofing Your Business

In the Philippines, typhoons and floods are a fact of life. Lately, we’ve been through a lot of severe weather –one of which was the recent Typhoon Odette. Despite those harsh conditions, businesses must operate normally, especially accounting service firms like our company. Rain or shine, flood or no flood, we need to service our…

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GET Subcontractor’s Deduction Effective July 1, 2013

The state of Hawaii has retired the law suspending deductions on subcontractors last July 1, 2013. What that means is contractors who fit a certain criteria can claim GET deductions on a portion of their revenues. Here’s a quick guide on what this is and how to know qualify.

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