Bookkeeping & Accounting | Outsourced Services | Small Business | Nonprofit | Foster Results, LLC

Outsource Your Business Payroll

You probably didn’t start your business because you were passionate about performing administrative tasks. Most business owners decide to start their own company because they have a real love for a product, service, or industry. So why would a business owner devote their limited time to processing payroll? Maybe they think it will save them [...]

Your Budget Should Reflect Your Performance

Most businesses make it a practice to review their performance at year-end. However, if you wait until then, it could be too late. Financial data should be reviewed at least once per fiscal quarter. You need to know if you are meeting your goals and staying in line with your budget. Expenses like cost-of-sales might [...]

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 [...]

Creating and Using Your Nonprofit’s Schedule

We recently shared a month-by-month schedule template from the Nonprofits Assistance Fund for creating a basic financial and administrative activity schedule to keep your nonprofit organized and on-time for meeting deadlines. Using that template, you can create a schedule that is customized for your particular organization’s needs in just a few short steps. Step 1: [...]

Intuit Quickbooks ProAdvisor Critical Alert: Update Regarding Your 2012 Software

We received the following email message from Intuit today regarding their Quickbooks ProAdvisor Program, so we are passing it along to our readers: Dear Jennifer Foster: Yesterday we became aware of an issue concerning registration of some of our 2012 products. We apologize for any inconvenience this may have caused you. Here is the latest [...]