Lewis, Hooper & Dick, LLC :: Certified Public Accountants

Volume 2 Issue 8

Government Workers: Employees or Independent Contractor?

Do you have questions about the employee status? Is the person performing the work an employee or independent contractor? The Internal Revenue Service (IRS) has created a fact sheet to assist in your determination. Click here to view the fact sheet.

How to Improve a Budget

In these uncertain economic times, it can be argued that budgeting is more critical than ever. So what can you do about it? Now that you have recently completed your legal budget for the upcoming year, here are several “common sense” improvements you might make for implementing an operating budget.

Accounting for Reimbursed Expenses – How should they be recorded and how do they affect my budget?

What should you do when you receive a payment reimbursing your entity for an expense already incurred? Kansas Statute 79-2934 allows you to record the reimbursed expenses as a reduction to the original expenditure line item.