The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Bookkeeping · 3 min read ·
Creating (and Understanding) a Balance Sheet
Do you feel like financial reports are hard to decipher? Do you wonder what all the data means? As a small business owner, it's important to keep track of your financial data to ensure the success of your business. On…
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Business · 2 min read ·
The Rise of Salary Transparency
Salary transparency requirements are gaining momentum in today's highly competitive job market. With a shortage of talent, the need for staff retention and recruitment is more critical than ever. You may want to view…
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Business · 2 min read ·
Improving Accounts Payable Processes for Better Cash Flow Management
An optimized accounts payable (AP) process is crucial for managing cash flow effectively and taking advantage of discounts and favorable payment terms. Collaboration with other departments is essential for achieving p…
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Business · 3 min read ·
The Benefits of a Four-Day Workweek
Senator Bernie Sanders, an independent who aligns with Democrats, has advocated for more businesses to adopt a four-day workweek. He believes that with advancements in technology and increased productivity, it is time…
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News · 5 min read ·
Study Shows Black Taxpayers Face Higher Audit Rates
Black CPAs were not surprised by a recent study revealing that the IRS is much more likely to audit Black taxpayers compared to non-Black taxpayers. These professionals have witnessed this disparity firsthand while wo…
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Community · 2 min read ·
Restaurant Consumer Spending Habits and Inflation
Do you enjoy going out to eat at local restaurants? Do you continue to leave a generous tip? Even as inflation continues to rise and restaurant menu prices increase, customers are not pulling back on tips for wait sta…
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Community · 2 min read ·
How to Conserve Cash For Emergencies
Cash flow is the key to success for any entprepreneur. If your company runs out of money, how will you be able to pay your bills, suppliers, employees, or other expenses? Without cash, you won’t have the flexibility y…
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Bookkeeping · 2 min read ·
Key Risk Management Factors When Considering Outsourcing
As small business owners, we face numerous challenges in our quest for success, and one of the critical areas that requires careful attention is risk management. When it comes to attracting and retaining talent, manag…
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IRS · 2 min read ·
The IRS's Plan of Improvement Over the Next 10 Years
The IRS has recently released their 10-year strategic operating plan, which outlines their goals and objectives for the next decade. Let’s take a closer look at what the plan entails and what it means. The plan, which…
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News · 3 min read ·
The Inflation Reduction Act and Its Impact on Tax Items
The Inflation Reduction Act (IRA) was recently passed by the U.S. Congress to combat rising inflation. The act includes several provisions that affect tax items, including changes to the standard deduction, the altern…
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News · 2 min read ·
Home Rule and Sales Tax
If you are an entrepreneur who is required to collect and remit sales tax in various states, it can be difficult to keep track of what tax rate to charge as well as what your reporting obligations are. Sales tax can a…
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Business · 2 min read ·
Why You May Want to Implement On-Demand Pay
A new study completed by Instant Financial and Center for Generational Kinetics, shows that 60% of Americans believe that their employers should offer them immediate access to their earnings. A majority of employers c…
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