What is

What is Reasonable Accommodation in the Workplace?

Reasonable accommodations are adjustments to working conditions that allow disabled workers to perform their jobs. Read on to understand your responsibilities as an employer.

By Jessica Dennis February 20, 2025 | Human Resources, What is

What Is A Reasonable Accommodation? A reasonable accommodation is any workplace adjustment or modification that allows an employee with a disability equal opportunity in recruitment, hiring, compensation, benefits, training, job changes, and separation. Reasonable accommodations are a significant aspect of the Americans with Disabilities Act (ADA), a federal law prohibiting discrimination against employees with disabilities….

What is Asset-Based Lending: Financing with Collateral

By Andrew Wan February 20, 2025 | Financing, What is

Asset-based lending is a method in which a business borrows money by using its assets as collateral for a loan. By pledging collateral in exchange for a loan, it gives the lender the right to take possession of its assets in the event of a default. Assets can commonly include things like vehicles, machinery, equipment,…

What Is a Personal Holding Company (PHC)?

By Liz Smith, CPA, MSTFP February 19, 2025 | Taxes, What is

A personal holding company (PHC) is closely held C corporation (C-corp), where at least 60% of its income is from passive investments like stocks, bonds, and rental activities. A company may be classified as a PHC when cash generated from the sale of business assets is not distributed to shareholders in an attempt to avoid…

What Series A, B, C & D Funding Is & How It Works

By Lauren McKinley February 18, 2025 | Starting a Business, What is

Series A, B, C, and D funding are rounds of financing that are provided after an initial investment of funds, typically known as the “seed funding stage.” Each round allows investors to partake in an investment of a high potential startup or small business in exchange for a stake in equity. These rounds typically have…

What Are Interim Financial Statements? Purpose & Examples

Interim financial statements provide a snapshot of your business’s financial position and performance over a period shorter than a full fiscal year, typically on a quarterly or semi-annual basis.

By Eric Gerard Ruiz, CPA February 17, 2025 | Accounting, What is

Interim financial statements are composed of the income statement, balance sheet, and cash flow statement. Think of a visit to your doctor for a routine checkup, wherein they’ll often run blood tests to see if everything looks good. These tests give a snapshot of your health at that moment, helping catch any potential issues early….

What Is a UCC Filing & How Does a UCC Lien Work?

By Lauren McKinley February 17, 2025 | Financing, What is

UCC filing vs lien: What’s the difference? Before we dive deeper, I’d like to kick off with the fact that a UCC filing and a UCC lien cannot be used interchangeably — that’s a common misconception. Instead, they are differing elements that are part of the process of placing a claim on an asset. A…

List of QuickBooks Expense Categories: Meaning and Uses

By Eric Gerard Ruiz, CPA February 13, 2025 | Accounting, What is

Expense categories help in keeping your expenses properly accounted for. Whether expenses are for marketing, office supplies, or utilities, proper categorization provides a clear financial snapshot and highlights high-cost areas. When you sign up for QuickBooks Online, you’ll see a default QuickBooks expense categories list to get you started. And as you continue setting up…

What Is Invisible Banking?

By Rayanne Harmon February 12, 2025 | Banking, What is

Invisible banking is a relatively new concept with the goal of making banking a seamless and natural part of everyday life without ever physically visiting a branch. This concept integrates financial services into websites and apps you already use, making banking easier and more convenient. While it began with personal banking, invisible banking has gradually…