The Consultance Knowledge Center is a section that provides informational content designed to help business owners, CEOs and not-for-profit executives better manage their accounting and bookkeeping resources and functions.

We welcome your feedback on this information and are ready to answer your questions on these and other topics. Simply email Consultance or call (301) 654-1564.

Workers’ compensation coverage is required by most states as a way to ensure that employees get the medical care and wage replacement they need when injuries occur in the workplace. Traditional workers’ compensation providers generally require you to make a down payment of at least 25% of your annual premium, based on your estimated annual
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If your company is focused on generating higher profits, you may think it makes economic sense to do as much as possible in-house. But take a look at four smart reasons to outsource payroll: Save time. Getting payroll calculated, processed, and distributed takes countless hours. Computer glitches, power outages, time off the job, and other unforeseen
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Even successful businesses get snarled up in a rut now and then — a vicious cycle of status-quo marketing and current-customer dependence. If you’re nodding your head thinking, “Yeah, that’s our company,” maybe it’s time to take action to help pump up the volume on sales and profits. Here are five tips to get you
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Part of a good management structure means that key leaders not only get the job done but they also encourage staff members and volunteers. That involves praising them properly, inspiring their trust, and providing them with the information needed to do their jobs and understand their roles in the organization. Often it’s more a question
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Good news: A recent study projects an increase in charitable giving over the next two years. According to The Philanthropy Outlook: 2015 & 2016, total donations will rise 4.8 percent in 2015 and 4.9 percent in 2016. The Pinnacle of Philanthropy According to the study, America’s 50 most generous donors increased their gift-giving 33 percent
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