What Employers Need to Know About Per Diem Reimbursement
3 MIN READ Per diem—if you’ve ever traveled for work, chances are you’re familiar with this term. As an employee, it’s pretty straightforward. You’re given a fixed, predetermined...
Beyond Bean Counting: Mental Health in the Workplace
2.5 MIN READ How many beans could a bean counter count if a bean counter could count beans? Well, that depends greatly on the state of their mental health at the time. The same...
How to Report Your Health Insurance Benefits as a Firm Owner
3.5 MIN READ We’ve previously written about how to pay yourself depending on your entity type. As a quick refresher, if you’re a single member LLC, you take draws. Partners in a...
How to Convert Your Books from Cash Basis to Accrual Basis Accounting
4 MIN READ When you first started your business, you may have chosen to use cash basis accounting for its simplicity. This method works well for new businesses with minimal...
A Case for Accrual Basis Accounting
3 MIN READ So, you launched your RIA and now have a laundry list of to-dos and decisions to make. One of those to-dos is keeping a set of books; the accompanying decision is...
Bean Counters and the Dawning of Democracy
2.5 MIN READ bean counter noun [informal] Beans are a cheap commodity so to count them is a rather silly thing to do. A “bean counter” is one who nitpicks over small things in...
10 Totally Random But Interesting Accounting Facts
2 MIN READ Fact: there's much more to accounting than just numbers and data entry. While accounting isn't widely known as the most exciting career, it has a long and storied past...