Latest News
Four Common Issues Associated with In-House Accounting in Atlanta
If you own a business, you want to be in control of things related to your business. You want to prevent mistakes from occurring in all aspects of your business, particularly accounting. Because of this, you may want to consider handling your accounting needs in-house. Although recruiting in-house employees has its benefits, some major issues can arise with this option. But you can avoid these issues when you work with one of the best Atlanta accountants to handle finance-related tasks for you. The following are issues that can arise with in-house accounting:
Cost of Services
When you hire an in-house accountant, you will have to spend a significant amount of time and money hiring, screening, and onboarding a new employee. And when you hire a recruiter, you will have to spend extra on the services. Plus, you must consider other costs such as the salary of the employee and the benefits package. However, outsourcing allows you to just pay for the accounting services being offered.
Lower Quality of Work
Accounting is a difficult task and one that you should not compromise on. It requires extensive experience, strong mathematical skills, and close attention to detail. When you choose to do it in-house, you may just afford a two-man team to handle the job, unless you can spend a fortune on recruiting a big team. Because of the smaller workforce, you can’t delegate for your accounting needs, and work quality can be an issue. An in-house staff may not have the necessary experience or insight to deliver high-quality work. Because of this, mistakes can be made.
Outsourcing your accounting services allows you to access a team of accounting experts. This team has the knowledge, expertise, and experience available in one affordable package.
Outdated In-House Training
When you recruited an in-house accountant, you probably looked for someone who has up-to-date and valid certifications. However, their training will become outdated over time. Accountants must stay current when it comes to accounting software and integrated applications, as well as amended regulations and tax rule changes.
However, if your in-house accountant has a heavy workload, they may not be able to update their training and knowledge. Thus, the quality of your in-house accountant will suffer. By outsourcing, the right accounting firm will make sure its employees are up-to-date on the latest technology, tax codes, and regulations.
Internal Fraud
Small businesses are susceptible to fraud because they do not have all the necessary resources to carry out the checks and balances necessary for detecting and fighting fraud. Outsourced accounting services providers ensure accounts are reviewed by several people, giving separation of duties and following up on each possible sign of issues.
Umar Nisar was born and raised in the busy city of Abbottabad. As a journalist, Umar Nisar has contributed to many online publications including PAK Today and the Huffing Post. In regards to academics, Umar Nisar earned a degree in business from the Abbottabad UST, Havelian. Umar Nisar follows the money and covers all aspects of emerging tech here at The Hear Up.
Thanks
Being diagnosed with cancer can be devastating and affect anyone at any age. Several factors, such as genetics and lifestyle, can cause it. However, cancer can also be caused by the negligence of others. In such an instance, you can sue the people responsible for causing your cancer and claim compensation for the diagnosis and any associated damages.
Determining when and who to sue for getting cancer can be a complex process. So, it’s a wise idea to hire a lawyer to get you through the process and get the compensation you deserve. The attorney can advise you on when, how, and whom to sue for getting cancer.
With that said, here’s when you can sue for getting cancer:
- Product Liability
You can sue for getting cancer from a defective product. For example, in one hair product cancer lawsuit, a claim was made that a hair straightening product was causing uterine cancer in women. The defects in the hair product increase the risk of developing uterine cancer for whoever uses it. If you think you’re in a similar situation, you can sue the manufacturers if a certain product increases your risk of developing cancer.
However, proving your case and claiming compensation can be challenging. In such a case, you must prove the defective product caused your cancer to sue the manufacturer or retailer. You’ll have to request tests on the products to prove the defect and the relationship to cancer development. The product defect has to have caused your cancer diagnosis directly. One example is when the product has excessive amounts of lead. You’ll need to hire experts or resort to government authorities to investigate the product to prove this. This way, you have a piece of solid evidence to sue the product manufacturer.
- Medical Negligence
Medical negligence is one of the most common reasons to sue for getting cancer. You could sue for medical malpractice if the doctors, healthcare facility, hospital, or other medical professionals failed to offer the standard of care causing your cancer diagnosis. For example, if the doctor failed to order necessary tests or misdiagnosed your case resulting in cancer progression, you can sue for medical negligence. Â
To successfully sue for medical negligence, you must prove that the medical practitioner’s actions directly caused your cancer diagnosis. You must also show that you suffered damage because of the negligent actions of the medical practitioner. By doing so, you can claim compensation for treatment of progressing cancer, lost wages if you cannot work, and pain and suffering.
- Environmental Factors
Exposure to environmental pollutants and toxins is a common risk factor for cancer. Prolonged exposure to asbestos at the workplace, radiation, and other chemicals can increase cancer risk. If you can prove your cancer was caused by exposure to a certain environmental toxin like asbestos, consider suing the company or entity responsible for the pollutants.
Suppose a company’s activities produce excessive radiation that affects the population in a specific area and results in cancer. In that case, you can sue that company for exposing you to toxins that caused the development of your cancer.
Like the previous points, you must prove your cancer was directly caused by a specific substance you were exposed to. You’ll also have to show that the exposure was from the negligence of the company or entity you’re suing. Another aspect you must consider is the entity’s knowledge of the potential risks of exposing people to the toxin or substance. Since you’ll also claim that the company or entity was negligent, expose their bad practices that contributed to the development of your cancer.
Additionally, working in a hazardous environment may expose you to substances or toxins that can increase your cancer risk. For instance, if you’re a construction worker with constant exposure to asbestos, you’ll be at risk of developing cancer. Working as a firefighter can also expose you to asbestos and other carcinogenic substances that cause cancer.
You can sue your employer for getting cancer while working in a hazardous environment. To be successful, you must prove the cancer was caused directly by exposure to a specific chemical or substance at the workplace or in the line of duty. For example, getting cancer from asbestos exposure at a construction site.
In such a suit, you’ll claim compensation for the medical expenses covering the diagnosis and treatment, lost wages, damages for the pain and suffering caused to you and your family, and other associated costs.
Conclusion Getting a cancer diagnosis because of someone else’s negligence can be traumatizing and devastating. However, you can get a little relief through compensation for the medical expenses and other related damages, such as pain and suffering. The process of suing for getting cancer can be complicated, and it’d be best to hire an experienced lawyer to handle the litigation process. An attorney can also advise on the available legal options available and the compensation to seek.
Khalil ur Rehman is a proud born and raised in Abbottabad. Khalil has worked as a journalist for nearly a decade having contributed to several large publications including the Yahoo News and The Verge. As a journalist for The Hear Up, Khalil covers climate and science news. [email protected]
What To Wear in New Season? 4 shapewears to add on your List
Meet Angel: The Car Enthusiast behind the “Kind of Rare” Brand
