There’s a lot going on at JAK as we head into a new year. One item on our to-do list we’re particularly excited about is to “introduce our newest staff accountants.” Yes, that’s right—within the past few months, we’ve added three new members to our tax and accounting team. Read on to get acquainted with […]
Why Maintaining Your Job Schedule Is Good Business
A job schedule—also known as work-in-progress or WIP schedule—is a subsidiary ledger that tracks actual costs and billings per project. Ideally, your job schedule should be updated and reconciled with the general ledger at least once a month. But in the fast-paced contracting world, it can be tempting to fall behind on these tasks. Unfortunately, […]
10 Ways to Protect Your Business From a Cyber Attack
By Steve Fox The words “cyber attack” have become part of our American vernacular. Unfortunately, there isn’t a standalone silver bullet that can keep your business safe from hackers and their seemingly ubiquitous malware. Preventing a cyber attack requires multiple layers of defense. Here are 10 cybersecurity measures every business should practice: Keep up with […]
Capital Lease or Operating Lease? 4 Questions to Ask
By Stephanie Loiland, CPA Many companies choose to lease assets for a period of time instead of buying them outright. If you’re in this situation, it’s important to know whether you’re dealing with a capital lease or an operating lease. That’s because the type of lease will affect how you record it—and the payments you […]
4 Things Every Taxpayer Should Know About Estimated Income Taxes
By Chris Bertz, CPA, MBT The IRS requires individuals who earn income that is not subject to withholding, such as earnings from sole proprietors, partnerships and S-corps, interest, dividends, rents, and alimony, to pay quarterly estimated tax payments, also known as “estimates.” If these payments are on your to-do list, here are a few things […]
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