Idea Description
"Always" have an "Annual Outside Financial Audit". No matter who does your in house accounting, you are responsible for taxes, payroll taxes and making sure everything is on the up & up! It's easy to have two sets of books and you could be bleeding from within.:(
It happened to my brother-in-law, no taxes paid, had to file bankruptcy, this was a multimillion dollar operation and the funny thing he didn't file charges against his so called CPA friend, didn't want anyone to know, how dumb can you get?
To top it off 2 years before I asked him if he did this, his reply I have a very good CPA in house, he was very good alright, wiped him out!
What will you do if you win $10,000 for this idea?
home improvements?
Vote for it now.
This is a great idea I've seen how not having this set up has taken a toll on companies. It would be nice if there was a national company that could regulate this, business owners would sleep better at night.
Best of luck,
Michael