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How to Recognize and Handle E-mail Scams
06.30.2017 | by scaaadmin

E-mail has become a convenient and effective communication tool in recent years. Unfortunately, it also provides scammers a way to target potential victims. One scheme that has become very popular for scammers is a fraud practice called phishing….

Red Flags That Trigger an IRS Audit
01.25.2018 | by scaaadmin

What is an IRS Audit? An IRS audit is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is…

Hiring an Employee vs. Contractor
06.25.2017 | by scaaadmin

Has growth or unexpected circumstances created a need for additional help in your organization’s accounting department?  If so, knowing the dynamics between hiring employees versus independent contractors can be of great value.  Understanding the basics will give you…

The Fundamental Concepts of Accounting
06.15.2017 | by scaaadmin

Accounting is the language of business and it is used to communicate financial information. In order for that information to make sense, accounting is based on 12 fundamental concepts. These fundamental concepts then form the basis for all of the…

Types and Forms of Business
12.15.2015 | by scaaadmin

A business is an organization that uses economic resources or inputs to provide goods or services to customers in exchange for money or other goods and services. Business organizations come in different types and forms. There are three…

Uses of Financial Reports
12.15.2015 | by scaaadmin

Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers use financial statements to make important long-term business decisions. For example: whether or not to continue or discontinue part of its business, to make or…

Tax Topics – Online Computing Security
12.14.2015 | by scaaadmin

Now and then, we acquire the need for more information about a certain topic and wonder where to get it. In this short blog, I will be posting some topics of my interest. Because this is a TAX…

Objectives of Financial Reporting
12.11.2014 | by scaaadmin

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB)…