Here's What An AML Consultant Should Be Able To Do For Your Small Bank
26 August 2018
If your banking institution not already working with an AML consultant, there has never been a better time to consider doing so. Following are a few important things an experienced AML consultant should be able to do for your bank's organization overall.
Implement and Manage Internal Controls
One of the most important things you should be able to rely on your AML consultant to do is implement and manage an appropriate set of user controls that will help ensure that nobody within your operation even has the opportunity to commit financial fraud of any kind.
3 Types Of Taxes To Be Aware Of When Selling Online
4 June 2018
If you sell items online through a service such as Etsy, eBay, Artfinder, or a similar website, you need to make sure that you are aware of the different types of taxes that you have to collect and pay. If you are making a profit off of your online business on a consistent basis, and you are using the online service as a way to do business, not as a small side hobby, then you need to make sure that you are collecting and paying the right type of taxes.
3 Reasons Your Business Needs A Bookkeeper
3 April 2018
If you own a small business, you likely have a long list of tasks that you need to make sure are completed by you or your employees each and every day. If you are starting to feel like you're burning both ends of the rope, perhaps it might be time to offload some of the more time-consuming tasks to another party. Here are three reasons why more and more business owners are choosing to retain the services of a firm that offers professional bookkeeping services.
Filing Taxes As Head Of Household: Requirements And Restrictions
17 January 2017
Most people know that they can file their taxes as a single person or as a married couple. But there's also an entirely different class of filing: "head of household." A head of household is an individual who has dependents who aren't their spouse. This type of filing conveys very similar benefits to filing as a married individual, including substantial tax breaks -- but it has to be understood to be used.