By establishing Kangaroo Mother Care (KMC) units in urban hospitals in Nairobi and training the hospital midwives in KMC, Save the Children is helping new mothers like Emma – who delivered her baby more than two months early. KMC is the practice of providing skin-to-skin contact between mother and baby, exclusive breast-feeding, and early discharge from the hospital, along with continued follow-up care in postnatal visits. When Emma delivered her first child, she was 38 years old. Emma and her husband were absolutely committed to the KMC experience as the best possible chance for their son, Victor, to start life as a healthy baby. By strengthening its Early Steps to School Success and Head Start programs in more than 20 counties in 5 states across America, Save the Children is supporting moms like Michaela – a teen mother who, before her son Liam’s birth, was anxious about her baby’s future, as well as her own. But through Save the Children’s Early Head Start programs in northwestern Arkansas, Michaela is able to give -7-month-old Liam the chance to develop essential early learning and social skills, while affording her the time to further her own education and career aspirations as an early-childhood educator.
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If you receive a letter from the IRS remember that this does not mean they are automatically going to audit you. They could be looking for clarification or additional information. Once you receive a formal audit figure out what part of your returns is being audited. Only provide the specific information that the IRS requests to prevent broadening the audit. Make sure you are polite and quick to respond. With that being said, here are 10 red flags for the IRS that are in no particular order.
 When you start your own business, it is common to make mistakes especially when it comes to accounting. Skipping small accounting tasks seems like it would save time, but it ends up costing time and sometimes even money in the future. It is better to get into a habit of taking care of accounting tasks early so they become less of an ordeal towards the end of the fiscal year. The focus should be clean, clear, and accurate accounting that will make your life easier. So, here are a few tips to help with your small business accounting.
Separate your business funds from your personal funds. Even if your business consists of only you. Create a separate account for the business and the business only. This not only allows you to make your reconciliations and end of the year deductions easier, it also lets you keep close accounting of your cash flow. Many accounting professionals that work with small business owners will tell you that often they see the business owner not applying payments to open receivable accounts. It seems almost too simple to point out but it is easy to forget. Leaving receivable accounts open can cause major headaches down the road. Reconcile all your accounts as soon as the statement is available. This process will be much easier now since the rest of your records should be accurate. Not reconciling accounts can reduce the amount of deductions you will receive. Understand the tools and functions of your accounting software. Whether you are using QuickBooks or another software, understanding exactly what it can do and its limitations are important to making good use of your time. Read the entirety of Terms of Credit agreements. Reading long terms can be monotonous at first but It can save you money in interest and other fees. When first starting out it is easy to keep track of the small books you will be keeping. It is important to set up in a way that you can grow and scale without exponentially raising the amount of work you must put in to maintaining your books. You can set up automation in some online cloud based accounting that will allow your business to scale without you having to maintain all the accounting records by hand. Use this tips for your benefit to learn from the mistakes that others have made in the past. Professionals are always ready to help with high level expert advice for small business owners. |
AuthorThe Pathways Team Archives
May 2020
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