What is the Best Accounting and Bookkeeping Software? In today’s world, everything is automated and online. Now that almost everyone is working from home finding the perfect software to run your business is essential. From automated marketing tools, email services, even automated texting services, you can run a fantastic company with a lot of knowledge, […]
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A story of email fraud We received an email from an existing client authorizing a payment by wire to one of their vendors and including wire instructions. The wire request was for a large amount, but not out of the ordinary for that organization ($1.4 million). The body of the emailed wire request showed a
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Unfortunately, employee fraud happens. One day we got a call from a business that had been referred to us. They were a growing company with 50+ employees. They needed a new accounting department. It was urgent, they said. Their employee bookkeeper had just quit the last day of the month. One of her duties was
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The end of the year is approaching and businesses are wrapping up and preparing for next year. Closing out the books can be quite a scramble. Don’t start the new year off behind the ball. Here are the top 9 accounting highlights to consider going into 2021: Higher 401(k) contribution limits. If you’re looking to
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5 Tips for Working From Home This has been a year of change for so many of us. A large portion of people are now working from home. It’s interesting to me, because I’ve been providing virtual bookkeeping and accounting for years. Redmond Accounting is a cloud accounting and bookkeeping firm, so we operate remotely.
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What is Outsourced Accounting? One engineer builds software; another builds bridges. One attorney works in civil legalities; another pursues criminal cases. One doctor is a surgeon while another may specialize in primary care. The accounting profession also has specialties such as Tax, Audit, and Client Accounting Services (CAS). What is CAS? It’s the equivalent of
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5 Ways Your Accountant Can Help You Prevent Fraud Has your business been a victim of fraud? A couple of years ago, a cloud accounting client forwarded us an email that they had just received from a Police Officer in another state. That police department was investigating a check that an individual was
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Bill.com, a Cornerstone of Our Business We at Redmond have been using Bill.com for a decade. It is an intelligent way to create and pay bills. And it is truly a cornerstone of our business. It exemplifies the modern methods of accounting that we evangelize – from security to automation to electronic payments to online
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When employees work in a state in which their employer does not otherwise operate, the employer may then have sufficient nexus with the state to be subject to its tax code.
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Cash Flow 101 Cash in the bank is comforting. You use it to pay bills, buy inventory and expand your business. Your bank account balance tells you how much cash you have at that moment. But how much will you have in a week, a month, a quarter? That’s where cash flow comes in. Cash