Accounting

There are few questions more shocking to an accountant than “Why do we need financial statements?” Years of specialization and familiarity lead most accountants to take the answer to this question for granted. Indeed, when asked this question, many accountants … Read More

In his days as a lawyer traveling the Eighth Judicial Circuit, Abraham Lincoln once asked an adversary in court, “How many legs does a sheep have?” The man replied, “Four, of course,” Lincoln went on to ask “And if you … Read More

When starting a small business, you have a few choices on how to legally structure it. You can organize your business as a corporation, sole proprietorship, or a partnership. What you ultimately choose will have a significant effect on the … Read More

Do you know your businesses’ accounting policies and procedures?  Are they optimized for your specific type of business, and your operations individual needs? If you were audited tomorrow, would your books stand up to Federal scrutiny? Did you just break … Read More