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How to Keep Bookkeeping Easy for Family Businesses
How to Keep Bookkeeping Easy for Family Businesses Bookkeeping • Family-Owned Businesses How to Keep Bookkeeping Easy for Family Businesses Practical ways to simplify your books, avoid mistakes, and keep your family business financially healthy. By Cornelius A. Frazier • Aug 26, 2025 • Read time: ~6 min On this page Purpose of bookkeeping Separate…
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3 Critical Accounting Equation Secrets Every Business Owner Must Know
Most business owners struggle with understanding their company’s financial health, often making costly decisions based on incomplete information. The accounting equation holds the key to unlocking your business’s true financial position, but there are three critical secrets that separate successful entrepreneurs from those who fail. Master these fundamentals and transform how you manage your business finances forever.…
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Liberty Mutual FCPA: Things to Know Now
Liberty Mutual Insurance Company has reached a groundbreaking $4.7 million settlement with the U.S. Department of Justice, marking the first corporate FCPA enforcement action since the Trump administration resumed anti-corruption enforcement following a strategic 180-day pause. This landmark case provides crucial insight into how Foreign Corrupt Practices Act enforcement will operate under the administration’s new “America First” approach to…
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How to Handle 1099-K – All Earners Free Checklist
Managing 1099-K forms as a small shop owner just became significantly easier in 2025. Thanks to the One Big Beautiful Bill Act, the reporting threshold has reverted from the planned $2,500 back to $20,000 plus 200 transactions, providing crucial relief for thousands of small businesses across America. This comprehensive guide walks you through exactly how to handle 1099-K requirements in 2025, from understanding…
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The Deming Cycle (PDCA): The Ultimate Guide for Continuous Improvement
Success in today’s business world requires more than just clever ideas; it demands ongoing refinement. The Deming Cycle, also known as the Plan-Do-Check-Act (PDCA) cycle, stands as a time-tested framework that empowers organizations to achieve continuous improvement, drive innovation, and consistently deliver value. Whether you’re managing a startup or optimizing established processes, the Deming Cycle is an…
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How to Avoid a $22M Tax Fraud Nightmare Like Steve Harvey
How Business Owners, Entrepreneurs, and 1099 Earners Can Protect Themselves Did you know? In early 2025, the IRS stopped over $908 million in fraudulent tax refunds, up from $262 million a year prior—a staggering rise in identity theft, preparer scams, 1099 fraud, and business-targeted schemes. Business owners, entrepreneurs, and gig workers (anyone getting 1099 income) are specifically…
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BNPL Is Now on Your Credit Report — What You Must Know in 2025
Introduction That $89 hoodie you split into four payments?It could now affect your credit score. In 2025, major credit scoring systems like FICO 10T and VantageScore 4.0 are officially including Buy Now, Pay Later (BNPL) data. This means your purchases through Klarna, Afterpay, Affirm, and similar services are no longer invisible to lenders — and…
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Your Credit Score Is Changing in 2025 — Here’s How to Stay Ahead
Introduction: The Credit Score Shakeup You Can’t Ignore Your credit score isn’t just a number — it’s your passport to financial opportunity. In 2025, how that number is calculated is getting a serious upgrade. If you’ve relied on old habits to keep your score up, you might be in for a surprise. Lenders are looking…
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How to Spot the CPN Scam: Shocking Truth Exposed
Ever been told you can start fresh with a new credit identity using a CPN? Sounds like a dream come true for anyone with bad credit. But here’s the truth: that so-called Credit Privacy Number could land you in federal prison. In this article, we’ll break down: Let’s pull back the curtain on one of…
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5 Urgent Signs Your Startup Needs a Fractional CFO
As a founder, you’re an expert in your field. You know your product, your customers, and your mission inside and out. But what about the high-level financial strategy that turns a great idea into a sustainably profitable business? Many entrepreneurs find themselves navigating complex financial waters, knowing they need more than basic bookkeeping but unable…
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