Credit card companies use all kinds of incentives to get people to use their services, and when used smartly, they offer legitimate benefits. But for companies that distribute credit cards with rewards attached, this creates a series of problems that may result in credit card fraud.
Many organizations use company credit cards to help employees make easy business purchases when they travel or buy supplies for the office. However, according to recent statistics, ordinary people can become abusers of this privilege when businesses fail to put adequate controls in place to prevent credit card fraud.
Exit conferences are strategic ways of keeping everyone on the same page as the audit moves into its final stages. They can be used to solidify timelines, tie up loose ends, and exchange contact information to help keep the process running smoothly.
It takes a lot of effort to request proposals, interview, and choose an auditor to keep your organization compliant. However, coming to proposal meetings underprepared can cause more hassle and extra work than spending a little more time up front to ensure everyone’s on the same page. We’ll walk you through some practical steps to help you make the most of proposal meetings with CPA firms.
Organizations that utilize gratitude can have a double impact on both their own employees as well as the people they serve. But when they don’t track purchased gifts carefully, these funds can slip through the cracks and encourage fraudulent purchases.
The power of gratitude is often overlooked in our task-oriented culture. However, some companies make this task simple by simply offering employees or those they serve gift cards in appreciation.
As of December 31, 2017, partners who sell more than 50% of their interest in a 12-month period no longer have to file a technical termination. This simplifies the tax filing process throughout the year, but organizations should keep their tax preparer informed of these changes so they have up-to-date information for next year’s return.
Your organization’s yearly audit is a true team effort. While your auditors work hard to review and test your financial information, you work hard to keep up with their requests. Spending time up front to prepare for your auditors’ visit can help speed up and simplify the auditing process.