Petty Cash for Nonprofits
Churches and other nonprofits often need to have some cash on hand for small expenses. The best way to handle these expenses is with a petty cash account. This account needs to be regulated and handled like any other account, even though it is for a small amount of money. Start your petty cash account [...]
Indiana Property Tax Assessment Notification Process and Appeals Deadline Varies by County
We received a newsletter, which contains the information below about county filing deadlines for Indiana property tax forms, from our friend Denise Praul at Accurate Tax Management Corporation. Indiana counties started mailing out Form 11 notices for the 2011 pay 2012 values a few weeks ago, which are the notice of change in assessment. It [...]
Recently Released QuickBooks® 2012 Includes New and Improved Productivity Features
Foster Results’ exclusive i.Fi remote access system uses QuickBooks software to provide our clients with real-time access to their financial data through the Internet, which has transformed the way business owners have managed their finances for years. QuickBooks® software offers an easy system of organizing your business, not-for-profit, or personal finances all in one place. [...]
Origins of Bookkeeping
If you’ve recently started a new business, you may be just finding out about the ins and outs of bookkeeping. But did you know that the origin of bookkeeping starts back sometime around 4000 B.C.? Even early civilizations understood the importance of keeping track of things like crops, herds and land. Keeping accurate records and [...]
Senior / Personal Finance Articles – October, 2011
As a service for our personal and Elder Care Care clients, we offer these timely and thoughtful articles to help protect your financial future: (links open in new windows) Baby Boomers’ Retirement Concerns Grow http://www.seniorcitizenjournal.com/senior-finances-articles/baby-boomers-retirement-concerns-grow/ New Book “Keeping Mum” Focused on Caring for Someone with Dementia http://www.seniorsforliving.com/blog/2011/05/17/new-book-keeping-mum-focused-on-caring-for-someone-with-dementia/ Tips to Organize and Pay Bills http://family.go.com/parenting/article-sk-483766-tips-to-organize-and-pay-bills-t/ Blended [...]
Church Budget Tips – Part 2
Preparing a realistic budget will help your church focus on its vision and serve its congregation and community effectively. As a continuation from last time, here are some additional tips to keep in mind when planning your church’s budget. Get everyone involved. The budget is for the entire church, so make sure all committees and [...]
IRS Launches New Program for Employers to Resolve Past Worker Classification Issues
You may not be aware of it yet, but the IRS recently launched a new program that will enable many employers to resolve past worker classification issues and achieve tax compliance at a low cost by voluntarily reclassifying their workers. The Voluntary Classification Settlement Program (VCSP) is part of a larger “Fresh Start” initiative to [...]
Organizing Paperwork Should be a Priority for Every Small Business
With so much going on in a small business, it’s impossible to remember every little transaction that may happen. Every transaction, no matter how small, should have some piece of supporting evidence to back it up. Make notes on your documents, so when look back a couple months later you will know what the transaction [...]
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