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What To Look For When Choosing An Auditing Firm

Think of your auditing firm like you would a long-term business partner. They are someone you will work with year after year, and they will be an integral part of setting the stage for your organization’s success. As such, the act of selecting the appropriate assessor shouldn’t be taken lightly. Here are several key qualities your organization should look for when choosing an auditing firm:

The Right Qualifications

Naturally, make sure the auditing firm you’re scouting looks good on paper. Ask for proof of their training and qualifications that certify them to perform the assessments your organization requires. They should have an external auditor certification and certified public accountant (CPA) licensure. It is rare to find a firm that is a globally licensed PCI Qualified Security Assessor, an ISO Certification Body and a FedRAMP 3PAO, in addition to a CPA and external auditor. If you find one—don’t let them get away!

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10 Common Money Management Mistakes That You’re Probably Making

Last week, I wrote about how our research has shown a steadily growing interest in retirement and other proactive financial planning topics. While this is great news, unfortunately not saving enough for retirement is still the top vulnerability of most employees. Only 18% know they are on track to reach their income goal in retirement, and the national average savings rate is only about 4%, well below the 10-15% financial planners typically recommend saving for retirement.

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Legal Requirements For Setting Up a Business

Many different elements go into starting a new business. One of the primary requirements for setting up a business is to abide by the legal requirements set by federal, state and county rules and regulations. Abiding by these rules allows you to start your business off on the right path to help you avoid legal issues regarding the business structure in the future.

Register the Business

When setting up a business, your first job is to decide which business structure is best for you: sole proprietor, corporation, limited liability company or a partnership. The business structure you choose dictates the paperwork you have to file with the state secretary’s office where the business operates, but you first have to register your business and name with the state secretary’s office.

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