The Equal Pay Act, Explained: What Small Employers Owe Workers in Substantially Equal Jobs
The Equal Pay Act requires equal pay for substantially equal work — intent is irrelevant. The four-part test, the four defenses, and a six-step payroll audit.
#compliance
Compliance
Navigate regulatory compliance and maintain audit-ready financial records
Going-Concern Assessment, Explained: Can Your Business Pay Its Bills for the Next Year?
Under ASC 205-40, management must test whether the business can pay its bills for a year after issuance — and disclose substantial doubt either way.
The IPO Quiet Period and Gun-Jumping Rules, Explained: What Founders and Executives May Say Before and After Filing
Section 5 bans pre-filing offers, defined as any publicity conditioning the market. What founders may say before filing, while waiting, and after pricing.
What Auditors Actually Test: Management Assertions, Walkthroughs, and Sampling
Auditors test five claims — existence, completeness, valuation, rights, disclosure — through confirmations, observation, and sampling. What each checks.
Software Escrow Agreements, Explained: How Source-Code Escrow Protects You When a Critical Vendor Fails
Software escrow holds your vendor's source code with a neutral agent, releasable on insolvency or support failure — verify it builds, or it protects nothing.
Callable Debt and Covenant Violations, Explained: When Your Long-Term Loan Lands in Current Liabilities
A covenant breach at the balance sheet date makes long-term debt callable — and callable means current, even if the lender never demands payment.
Negotiable Instruments, Explained: What Makes a Check, Note, or Draft Negotiable Under UCC Article 3
A check or note is negotiable when it passes UCC Article 3's six tests — and clean paper lets a buyer collect free of the original deal's disputes.
Employee Timesheet Template: What Every Timesheet Must Track, the FLSA Recordkeeping Rule, and Legal Rounding
The FLSA requires payroll records kept 3 years and permits quarter-hour rounding only when neutral — plus a free weekly timesheet template.
The Management Representation Letter, Explained: What Your Auditor Asks You to Sign at Fieldwork's End
Refusing to sign your audit representation letter forces a disclaimer of opinion — learn what AU-C 580 requires you to certify.
Private Inurement vs. Private Benefit, Explained: The Two Bars That Cost Nonprofits Their Exemption
Inurement — any insider payoff — can cost a 501(c)(3) its exemption; outsider private benefit must stay incidental. How the IRS tests each.
Sublease Accounting Under ASC 842: How to Split One Lease Into Two Without Breaking Either
Your head-lease liability stays while the sublease adds a second set of books — classify by the underlying asset, present gross, test for impairment.
The FLSA Duties Tests, Explained: How the Executive, Administrative, Professional, Computer, and Outside Sales Exemptions Work — Plus the Salary Basis Rule That Disqualifies Hourly Managers
A salary above $35,568 doesn't make a worker exempt — FLSA duties tests and the salary basis rule decide, and titles count for nothing.