Exploring the Economic Reality Test: Permanency of the Relationship
The economic reality test includes an important factor known as Permanency of the Relationship. This factor evaluates whether the nature…
Exploring the Economic Reality Test: Skill and Initiative
The third factor in the economic reality test, Skill and Initiative, plays a key role in determining whether a worker…
Exploring the Economic Reality Test: Opportunity for Profit or Loss
When determining whether a worker is an independent contractor or an employee, the second factor in the economic reality test,…
Exploring the Economic Reality Test: Control Over Work
When distinguishing between an independent contractor and an employee, the first factor in the economic reality test, Control Over Work,…
Understanding the Difference: Independent Contractor vs. Employee
The distinction between an independent contractor and an employee is more than a simple label; it’s a classification with significant…
Year-End Payroll Checklist: Wrapping Up the Year Like a Pro
As 2024 winds down, it’s time to tackle year-end payroll tasks and ensure your business is prepped for a smooth…
Defend Your Business Against Fraud
For small businesses, preventing fraud is often a challenge. Implementing strong internal controls to defend against fraud is your first…
Using Your Balance Sheet to Better Understand Your Business: Part 2
In the first part of this series, we explored the basics of understanding your balance sheet and looked at Current…
Ensuring Compliance: Client Trust Accounting for Arizona Attorneys
Client trust accounting is a crucial responsibility for Arizona attorneys to ensure clients’ funds are handled with the utmost integrity…
Financial Goal Setting for Effective Cash Flow Management
Managing cash flow is critical for the survival and growth of any small business. Setting financial goals and forecasting cash…
