As an employer, it’s critical to stay informed about changes in regulations that impact how you classify workers. The U.S. Department of Labor has updated the rules regarding independent contractor classification. The traditional tests used to classify independent contractors versus employees are no longer valid, requiring a shift in how you approach this distinction when […]
Archives for June 2024
Cash vs. Accrual Accounting: Making the Right Choice for Your Business
Unless you’re a financial professional, navigating your business’s accounting can seem daunting. One key decision you must make as a business owner is choosing between cash and accrual accounting methods. Each method has its own set of advantages and considerations. What’s best for your business? Here’s a quick breakdown: Accrual accounting. Accrual accounting recognizes revenue […]