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.
Business · 1 min read ·
Understanding the Vital Differences: Privacy Policies vs. Terms & Conditions in Online Business
In the contemporary business landscape, online interactions have become the norm, necessitating a clear understanding of the distinct roles of Privacy Policies and Terms & Conditions. These two key documents are cruci…
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Business · 2 min read ·
Empty Offices, Remote Workers, and Their Impact on Small Businesses
In the current environment, James Wallace Sears, an 80-year-old shoe repair shop owner, is grappling with a surplus of unclaimed shoes left at his shop pre-pandemic by lawyers, consultants, and financial advisers. Sea…
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Business · 1 min read ·
Navigating Multiple 401(k) Accounts: Considerations for Informed Decision-Making
Workers change jobs approximately every four years, according to the most recent U.S. Bureau of Labor Statistics data. Individuals often find themselves with multiple Sec. 401(k) accounts. Some of these accounts may b…
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Business · 2 min read ·
Rising Trend: Extended Interview Processes and the Growing Challenges for Job Seekers
Summary: Job seekers are facing an increasing trend of extended and exhaustive interview processes, with some candidates experiencing up to nine interviews for a single position. This trend has become more prevalent o…
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Business · 3 min read ·
Understanding Internal Controls: Safeguarding Your Organization Against Fraud
Many organizational leaders consider internal controls as a tedious task assigned to the bottom of their to-do lists. However, internal controls play a crucial role in preventing and detecting fraud. CPAs often spearh…
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Business · 2 min read ·
Unleashing Your Voice
Are you afraid to speak up in business meetings? Do you feel insights you’d share would be discounted? You may find yourself grappling with hidden scripts of doubt and fear. Perhaps you are overly sensitive to others'…
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Business · 1 min read ·
Navigating Hobby Loss Rules: Recent Cases Illustrate the Importance of Records and Proper Reporting
Proper record-keeping, applying business-like practices, and accurate reporting are paramount to navigating the fine line between enjoying personal interests and running a legitimate business for tax purposes. In a re…
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Business · 3 min read ·
Navigating Business Letter Abbreviations: Enclosures, CC, Typist's Initials, and More
This guide defines various business letter abbreviations, their usage, and tips for effective communication. It covers the proper format for indicating enclosures, understanding CC notation, and deciphering typist's i…
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Business · 2 min read ·
Challenges Facing Not-for-Profit CFOs: Inflation, Outsourcing, Risk, and Role Expansion
In today's not-for-profit (NFP) landscape, Chief Financial Officers (CFOs) are encountering unique challenges. These include inflation, outsourcing, risk management, and the evolving role of the CFO. Inflation The ris…
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Business · 2 min read ·
State Minimum Wage Changes Effective January 2024
If you are an employer, you know it’s imperative to keep up to date with labor law and wage changes. It’s time again to look at the upcoming changes taking effect on January 1, 2024. Alaska : $11.73 Arizona : $14.35 (…
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Business · 4 min read ·
Charting Success: An Entrepreneur's Guide to Building a Thriving Business
Written and Submitted by Spencer Gray Entrepreneurship is a growing trend, offering individuals a platform to turn their innovative ideas into successful businesses. This guide, courtesy of Affordable Bookkeeping & Pa…
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Business · 2 min read ·
A Path to Employee Motivation and Success
Business managers nationwide utilize annual performance reviews as a central element in their people-management programs. This familiar practice operates under the belief that informing employees of their standing wil…
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