Author Archives: Robin E. Davis

About Robin E. Davis

Robin E. Davis has worked in the field of accounting since 1982. Her experience includes working in the private sector, for certified public accountants, in school finance, and in governmental agencies. She has more than 11 years experience with QuickBooks and has completed training to be a QuickBooks Trainer from The Sleeter Group and Real World Training, receiving certificates of completion. To learn more about her, read her article: I LOVE BOOKKEEPING! And Now I Blog About It. You can contact Robin at robindavis@onehourbookkeeper.com.

Why do Employees Steal?

  By Robin E. Davis | March 21, 2012 - 12:18 am | Fighting Fraud
15 Comments

Why Do Employees Steal From Their Employers? There are as many reasons as there are ways.  Here are just a few: People sometimes steal because they need the money to cover extraordinary expenses (such as medical or legal bills) Because they need extra money they don’t have (to pay debts or support a gambling ‘addiction’). Some employees steal because they are dissatisfied with their job or their  boss and they believe they ‘deserve’ more than  they’re getting – more pay, more time off, better treatment – whatever.  Stealing is a way for dissatisfied employees to ‘even the score’. Some embezzlers … Continue reading →

When Should Small Business Owners Put Themselves on Payroll?

  By Robin E. Davis | March 6, 2012 - 11:42 pm | IRS & Taxes
6 Comments

Tax time is here, and many Small Business Owners (SBOs) are surprised to find that they are going to owe more taxes than they originally planned for.  They begin to wonder, “Should I put myself on payroll in the new year in order to avoid paying taxes next year?  Or should I just leave things the way they are?”  The answer is… “That depends.”  Here’s a few things the SBO should consider before they rush into adding themselves to payroll. Adding an SBO to Payroll Means the Company Pays MORE Taxes. When an SBO is added to the payroll, the … Continue reading →

Employee vs. Independent Contractor

  By Robin E. Davis | December 27, 2011 - 9:32 pm | Internal Controls, IRS & Taxes, Spotlights
16 Comments

Many SBO’s may not realize their decision to classify a worker as an independent contractor rather than an employee can get them into serious trouble with the IRS and possibly the state. Employers pay a matching share of Social Security and Medicare, federal and state unemployment tax and worker’s compensation insurance.  In addition, employers must collect and deposit income tax withheld, and are required to file quarterly and annual payroll tax reports. That’s a lot of work and a lot of reporting.  It’s tempting to treat workers as an Independent Contractor to save the company the costs incurred as an … Continue reading →

Independent Business Owner: Entrepreneur or Square Peg?

  By Robin E. Davis | August 25, 2011 - 7:46 pm | About, Small Business Advice, Spotlights, Virtual Bookkeeping
4 Comments

When I first had the idea to blog about the personality traits of Independent Business Owners, I imagined that many (if not most) are innovators and visionaries more prone to taking risks than the average worker bee. That we are often “square pegs” who do better working independently than we do trying to fit into the model (and politics) of Corporate America. What I discovered, however, is that there are many paths from Corporate American to becoming an Independent Business Owner. And many personality types! Some have done quite well holding down jobs in Corporate America. But Corporate America let … Continue reading →

Thoughts on Running a Home-Based Business

  By Robin E. Davis | May 27, 2010 - 3:11 am | About, Internal Controls, Virtual Bookkeeping
1 Comment

The great thing about having your own business is that YOU decide when to get up, put on your slippers, walk down the hall to your office and begin your work day.  The bad thing about having your own business is that same thing. If you’re a procrastinator, as I tend to be, getting to decide when to start the workday isn’t always a good thing.  It takes a fair amount of self-discipline to operate your own business.  I’ll admit, I’m much better at it some weeks than others.  I’ve learned some tricks along the way to manage this tendency … Continue reading →