As long as you maintain your paperwork, and you aren’t involved in anything you shouldn’t be, an audit need not be a stressful experience.
There is alot of good solid info from th IRS as it realtes to important 2012 dates . Filing taxes late results in a Net Income Loss to your organization which is why we want to push it out. We trust you found this helpful. If not we will keep trying.....
It is inevitable that at some point, you will experience a situation in which your productivity is compromised due to a supply chain issue.
Workers compensation audits don’t need to be a nightmare.
Ever wonder why there is so much seemingly incomprehensible text in the fine print of your insurance policy? Every industry has its fair share of jargon and the insurance industry is no exception. One term that crops up regularly and may be confusing is ‘risk management’.
The word audit is not something anyone wants to hear. For most people it conjures up images of frenzied hunting for pieces of paper you know you were meant to keep track of and a general increase in stress levels. A workers compensation audit is usually no different.
Every business should have a business plan, even small businesses. No matter what the size of a business, writing a business plan helps you focus on every area, including basic risk management. NY small businesses may face particular dangers - identifying them early means being able to add measures to reduce risk and minimize losses.
Start researching the topic of business plans and sooner or later you will come across the term risk management. NY business owners can find that there are several benefits that can be derived from implementing risk management strategies into their workplaces. The term may seem a little ambiguous if you’re new to business so here are a few examples of things that may be included in risk management plans.
Risk management is about identifying and reducing risks within your business. In addition to making the workplace safer and enhancing your business performance, a good risk management strategy can also save you money. Insurance premiums for workers’ compensation, liability and other specialist business insurance are directly related to a company’s record and strategy when it comes to their risk management. New York employers are wise to examine all their insurance policies and see if there are steps they can take to reduce risks within the business.
It’s a requirement of every New York business that they undertake regular workers compensations audits. These are audits of payroll records for the purpose of determining how much you should be paying for your workers’ compensation insurance. Standard procedures dictate that this will be carried out by an auditor visiting your workplace, although in some instances it may be possible to forgo the visit if you can provide a premium audit payroll statement.