Professional Management Systems

I have been researching my family history a bit. I have successfully gone back to the 1700s in Germany, which is awesome!

I decided to ask AI for help - it traced back to my maternal grandmother, who turned out to be a completely different person than I had found in my searches. According to AI my real maternal grandmother had my mother when she was 4 years old!

NOW - here is the real problem.... Bookkeepers and Tax Preparers who have decided that "helping" small business owners with their financials is a great "side hustle" are using AI to answer questions and learn their newfound profession.....

Folks, always remember that you get what you pay for. Don't trust someone with your future if they have not proven themselves in their own past.

Injunction Blocks Beneficial Ownership Reporting Requirement The U.S. District Court for the Eastern District of Texas blocked enforcement of the beneficial ownership information (BOI) reporting requirements.

I meet with small business owners every day. Many are ready to throw in the towel in this economy and just walk away. It is no secret that businesses are going through some rough times right now, but there is a positive side.

If you are from the Panama City area you lived through one of the most devastating hurricanes that have ever hit the US. We all thought it was over, and we all struggled for a while. But once things settled down we started to rebuild. Many of us ended up with better homes, better business buildings and locations, etc.

I am from Montana, and I know and love the absolute beauty of Yellowstone National Park. In 1988 three quarters of Yellowstone was destroyed by fire. It was devastating but a few years later the regrowth was evident. All of the deadfall had been removed by the fire and the new seeds had started to sprout. Those seeds are sealed and can only open at temperatures above 105 degrees.

In short, things that first appear to destroy can actually help to fix things that have been preventing growth.

This is very true with businesses during rough economic times. We have two choices. We can either accept it, try our best to struggle through it and maybe get lucky or we can take advantage of it. We can start cleaning things up, picking things apart, finding out what we can do to survive a little more comfortably, and come out as an established and strong business on the other side.

We use our knowledge of forensics and our experience in business management to investigate the numbers that make up the financial statements of a business. From there we are able to help the business owner develop projections and budgets that will help them survive and prosper during rough times.

Please contact us for a free consultation at 850-441-2000.

Excellent article for business owners that would like to offer their employees an additional incentive.

Quite often employees are asked to run errands for the company and they do so using their own vehicles. If they are being paid by the hour or on a salary they are still using their own vehicle and not being paid for it. Even if they are running out to get lunch for the crew on a busy day the mileage is reimbursable. This reimbursement is NOT taxable income to them as long as they are only reimbursed for the miles that they actually drive for the company.

Guide to Mileage Reimbursement Laws and Policies Here's what you need to know about mileage reimbursement to ensure you fulfill your legal obligations as an employer.