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Tag: yearend

HR & Payroll Year End Readiness

By Lisa Calick, Carolyn Hall, Floriana Allen, and Laura Melville The end of the year can be busy for many companies.  While December brings holiday parties and end-of-year celebrations, business owners should be mindful to make sure their HR and payroll departments are on top of timely actions in order to ensure a smooth transition into the New Year.  This checklist will help you get a jumpstart on your year-end planning. Human Resources Review your employees’ data to make sure...

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Revamping Your Chart of Accounts

By Wiss Associate In last month’s post, we discussed what your company’s chart of accounts should entail and its prominence to the accounting and financial side of your organization. Now let’s see why and when you should reorganize the information that will make up your chart of accounts. Why to Take Action Your spotless and well-organized accounts will help your company prepare your books for the following activities: Working with your outside accounting advisors for quick and...

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The Benefits of a Clean Chart of Accounts

By Wiss Associate As a business owner or executive, year-end processes and reporting can be a nightmare – but it doesn’t have to be. You don’t need to scramble when your accountant asks for your tax deductible items or when your auditor requests various reports so they can perform testing. It should be a simple process to go into your accounting system and run reports with 100% confidence they are complete and accurate. But how do you know if they are truly complete and accurate?...

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End-of-Year Tax Planning: How to Lessen Year-End Stress

By Laura Melville We are more than halfway through 2017 – and that means the fourth quarter is already on the horizon. When those final three months of this year arrive, it’s time for your business to focus on planning for 2018 in earnest. Unfortunately, many businesses wait to begin year-end planning until then, as well. Your team will already have its hands full preparing budgets and mapping out your company’s strategies for the following year, and an end-of-year tax preparation-planning...

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