How to Protect Your Small Business from Fraud: 7 Internal Controls Every Owner Should Know
By Paula Melton, CPAMelton Bookkeeping & Accounting Services Introduction Most business owners don’t wake up in the morning thinking, “Today might be the day someone steals from my company.” In fact, most fraud doesn’t happen because business owners are careless. It happens because they trust the people around them. And while trust is an important […]
Should Contractors Elect S Corporation Status Right Away?
Why waiting until your business is profitable may actually save you more money. One of the most common questions I hear from new contractors is: “Should I elect S Corporation status?” The answer surprises many people. Not necessarily. Social media, YouTube, and even well-meaning friends often tell new business owners that becoming an S Corporation […]
QuickBooks Mistake #3: Understanding Undeposited Funds (And How to Avoid Duplicate Income)
If you’ve ever opened Undeposited Funds in QuickBooks Online and wondered why there’s a balance sitting there that you can’t explain, you’re not alone. One of the most common questions I hear from business owners is: “What is Undeposited Funds in QuickBooks Online, and why won’t it clear?” It’s one of the most misunderstood features […]
What Great White Sharks Can Teach Small Business Owners About Success
Every July, I watch Shark Weekâand every July, I cheer for the seal. Somewhere between those breathtaking great white shark breaches, I realized there are powerful lessons every small business owner can learn about preparation, strategy, resilience, and long-term success. Here are eight business lessons inspired by Shark Week.