Budget planners: Play it safe — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
As you prepare your budget, confront ambiguities head-on. If your projections are shrouded in unavoidable uncertainties, be conservative. But don’t go overboard or you’ll lose credibility and undermine your ability to use the budget as a management tool. Arrive at reasonable figures by studying year-over-year trends, weighing each variable that can throw off your plans and seeking advice from a mentor.
The legal and financial risks of mishandling employee expense reimbursements have spiked in recent years. And the IRS is in the middle of a wide-ranging audit crackdown on employment-tax issues. Would your books survive an IRS spot-check?...Click here to find out more.