Author Archives: Howard Scott

Preparing for Taxes

Many pizzeria operators view accountants as scorekeepers who produce reports that document results. That’s too bad, because good accountants can become proactive partners. They can help you plan for more optimal year-end results and assist you in refining future strategies. They can also create tools that better enable you to steer your business. There areMore »

Cash Only

2012 July: Cash Only

Keep yourself out of IRS trouble No business is more vulnerable than a cash only business. Record- keeping is often sparse. Every day, there are hundreds of transactions that can’t be traced. The lure of taking money out of the till is great. Unless the company maintains a series of checks and controls, there’s littleMore »

2012 March: In The Know

2012 March: In The Know

You receive a notice in the mail that an ex-employee is filing for unemployment. But he quit the company and one doesn’t receive unemployment for that. He wasn’t fired; he wasn’t demoted and sulked off in dejection; he wasn’t harassed into submitting his resignation. Even though you believe that, in these tough times, ex-workers needMore »

2011 July: Under the Microscope

2011 July: Under the Microscope

You open the letter from the IRS to find that you are being audited. A shock goes through your body. Fingers begin to shake. The timing couldn’t be worse. You’ve got a business to run. Why you? Don’t panic. An audit doesn’t necessarily mean there is suspicion that you aren’t being forthright. A portion ofMore »

2011 June: Theft Deterrent

2011 June: Theft Deterrent

No one likes to think about it, but employees do steal from their employers. The SBA reported that 10 percent of businesses filing bankruptcy cited employee theft or fraud as major causes. Pizzeria operators have two options: ignore the possibility or take proactive steps to protect the business. The three main kinds of employee theftMore »

The Tax Man Cometh

2011 March: The Tax Man Cometh

12 ways to maximize the tax season   It’s that time of year again. You know the drill. You hope to pay as little as possible while staying within the rules. Your CPA, accountant, enrolled agent, or tax preparer does the calculat­ing, gives you the results and you write out the checks. This year, don’tMore »