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Shoot Your Data to Save Your Secrets?

Recently, I cleaned out a storage closet with old hard drives and backup tapes. Although the physical media was obsolete and useless, not so for the data embedded.

Electronic media is a treasure trove of secrets for identity thieves and other crooks.

My backups included tax returns, financial data, and legal docs. Including of course a thief's delight of birthdates, social security numbers, and credit card details.

I pondered. How do I safely dispose of old hard drives and backup media?

Recently, I cleaned out a storage closet with old hard drives and backup tapes. Although the physical media was obsolete and useless, not so for the data embedded. Electronic media is a treasure trov...

 

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Most Interesting IT Guy in The World

Grab a chilled bottle of Dos Equis and enjoy this video. Courtesy of Fritz Nelson, Information Week.

Click to PLAY Video

Grab a chilled bottle of Dos Equis and enjoy this video. Courtesy of Fritz Nelson, Information Week. Click to PLAY Video...

 

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Is Manual Input Stealing from You?

If you walk around your workplace, would you see people copying information from one place to another?

  • Manual input from time sheets or job cards?
  • Manual input, rather than scanning bar codes?
  • Manual input from downloaded sales orders?
  • Copying name and address updates from one system to another?
  • Copying tracking numbers and charges from your UPS/FedEx system into your accounting/ERP software?
  • Manual vs. automatic EDI (Electronic Data Interchange) into your accounting/ERP software?

Taking a fresh look at your work flow can be revealing. What is familiar and routine may also be wasteful and avoidable.If manual input is stealing time and money from you, MBSG can help automate and integrate your systems.

If you walk around your workplace, would you see people copying information from one place to another? Manual input from time sheets or job cards? Manual input, rather than scann...

 

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Data Conversion to New Software -- Three Temptations That Can Waste Your Time and Money

  1. I need to convert all historical data from the old software to the new software.
  2. I need to run parallel for at least a month.
  3. I need to cut over as of 12/31 to have a full year.

Though tempting on the surface, consider these practicalities.

I need to convert all historical data from the old software to the new software. I need to run parallel for at least a month. I need to cut over as of 12/31 to have a full year. Though tempting...

 

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Don't Get Burned by a Sales Tax Audit

With tough economic times, sales tax auditors are increasingly aggressive. Some say, more aggressive than the IRS.

How accurate are your sales tax calculations?

Did you know that: if a sales tax auditor finds a failure to collect in a small sample of transactions, they can extrapolate that over twelve months' sales?  A few mistakes could cost you big dollars.

Sadly, we have seen clients owe thousands and tens of thousands in back taxes because they failed to correctly calculate and collect sales tax.

Does your system put you at risk of being burned?

With tough economic times, sales tax auditors are increasingly aggressive. Some say, more aggressive than the IRS. How accurate are your sales tax calculations? Did you know that: if a sales tax aud...

 

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Chris Steele Cover Girl

Wow. Prestigious non-profit selects MBSG consultant Chris Steele for cover of a fundraising brochure. Paparazzi stand back!

'Talent scouts' tapped Chris Steele, who provides monthly accounting services and training to the Wellness Community, Valley/Ventura chapter.  This three-generation photo features Chris, her daughter Kelli, and granddaughter Ryan.

The Wellness Community is an international organization making a real difference in people's lives. They provide services to cancer patients, survivors and their families. Services include professional programs of emotional support, education, and hope.

Wow. Prestigious non-profit selects MBSG consultant Chris Steele for cover of a fundraising brochure. Paparazzi stand back! 'Talent scouts' tapped Chris Steele, who provides monthly accounting servic...

 

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New Law for Salesperson Commissions

California recently passed a law governing commission contracts with employees.  The new law (AB 1369) requires that companies

  • Define their commission plan in writing
  • Provide a signed contract to covered employees
  • Obtain a signed receipt of contract from those employees

Beyond legal compliance, now is a good time for companies to revisit commission processing in their accounting software.

Here are four tips for smarter commission polices and processing.

California recently passed a law governing commission contracts with employees.  The new law (AB 1369) requires that companies Define their commission plan in writing Prov...

 

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Accounting Software Alert
Did You Miss the New 1099-MISC Requirements?

The IRS has issued new regulations for reporting payments on Form 1099-MISC. Some accounting software packages are keeping up. Others are not.

Regardless, companies have the burden to comply.

Quick Books, the most widely-used accounting software, released an update. QuickBooks 2012 R6 (U.S. version) includes new functions for 1099-MISC.. Intuit provides more information at
http://payroll.intuit.com/support/kb/1002600.html

As to other accounting software packages, some publishers are distributing software updates, others are not.

The IRS has issued new regulations for reporting payments on Form 1099-MISC. Some accounting software packages are keeping up. Others are not. Regardless, companies have the burden to comply. Quick ...

 

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