March 31, 2020
March 28, 2020
For business owners and nonprofit organizations, the loss of customers, cancellation of activities and slow down of work due to the Coronavirus Pandemic will have a big impact on the bottom line.
Beware: Coronavirus may affect financial reporting
March 19, 2020
The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. But you also may be worried about how it will affect your business and its financial statements for 2019 and beyond.
Close up on financial reporting
The duration and full effects of the COVID-19 outbreak are yet unknown, but the financial impacts are already widespread. When preparing financial statements, consider whether this outbreak will have […]
Employee vs. independent contractor: How should you handle worker classification?
June 7, 2019 – Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply to reduce taxes or avoid their employee benefit obligations.
Why it matters
When your business classifies a worker […]