Small and medium-sized businesses are prone to internal accounting fraud for a number of reasons. In most cases, the reason these companies are at risk is that they have a one-person accounting department. Often times, these types of businesses lack the budget or simply don’t have enough work to necessitate hiring more accounting staff. The…
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The term “R&D Tax Credit” for Fresno business owners might conjure images of lab coats, high tech manufacturing lines, or in-depth computer research and cause them to think the credit couldn’t apply to them. This common misconception may be keeping some businesses from reaping thousands (or possibly even hundreds of thousands) of dollars in tax…
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Improving accuracy in Excel spreadsheets over time becomes difficult as formulas tend to get longer and less accurate. Often times when we use Excel formulas, we do them as a one-time thing to solve the immediate need. You may copy and paste that same formula somewhere else and the inaccuracies continue. This quick tip for…
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If you are looking to take a few extra steps in order to prevent internal accounting fraud, then you may want to try dividing up tasks. First of all, accounting fraud can happen to anyone–even business owners who are smart, actively involved, and meticulous. Therefore, if it can happen to them, it can definitely happen…
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May 12, 2020 Welcome to the inaugural episode of our new video series, Off the Cuff. My name is Frank Hambalek, and our firm, Wiebe Hinton Hambalek is located in Central California. We specialize in real estate, agricultural, and medium-sized closely-held businesses. As we film this video today on May 12, 2020, the United States…
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May 29, 2020 Hello, and welcome to our next installment of Off the Cuff. Today, I’d like to chat a little bit about the Paycheck Protection Program. The Paycheck Protection Program was approved by Congress and signed by the president on March 27th. Many of you have received funds or are in the process of…
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