Contractor vs Employee: Classifying your Workforce

Do you know the difference between an employee and an independent contractor? That’s what regulators in California asked Uber in 2015 when the ride-sharing giant was sued for “misclassifying” a driver as an independent contractor. They eventually ruled that the driver was an employee. Which led to a much larger lawsuit in 2016, when Uber paid misclassified drivers […]

The Difference Between Cash Accounting & Accrual Accounting

The essential difference between cash accounting and accrual accounting is simply one of time. In the case of cash accounting, book entries for income and expenses are only made when a monetary transaction takes place. Whereas accrual accounting accounts for income and expenses when they are actually earned or incurred. In this article we take […]