Strategic Planning – What to do now!
Get serious about your strategic planning meetings Most business owners would likely agree that strategic planning is important. Yet many companies rarely engage in active measures to gather and discuss…
Inherited Property? Planning Your Estate?
There’s currently a “stepped-up basis” if you inherit property — but will it last? If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the…
Keeping remote sales sharp in the new normal
Keeping remote sales sharp in the new normal The COVID-19 pandemic has dramatically affected the way people interact and do business. Even before the crisis, there was a trend toward…
Internal controls questionnaires: See More
Internal controls questionnaires: How to see the complete picture Businesses rely on internal controls to help ensure the accuracy and integrity of their financial statements. As well as prevent fraud,…
Collections a Bit Sluggish? Help is Here.
5 ways to take action on accounts receivable Collections? No matter the size or shape of a business, one really can’t overstate the importance of sound accounts receivable policies and…
Agile Audit – Time to Get Ready
Is your company ready for agile auditing? Agility — or the ability to react quickly — is essential to surviving and thriving in today’s competitive landscape. Though agile techniques were…
401(k) Plans Get IRS Relief
IRS extends administrative relief for 401(k) plans As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in response to the…
IRS audits may be increasing, so be prepared
Make Sure You Are Ready for an IRS Audit The IRS just released its audit statistics for the 2020 fiscal year. And fewer taxpayers had their returns examined as compared…
Employee Retention Tax Credit: Claim it Now
Eligible businesses: Claim the Employee Retention Tax Credit The Employee Retention Tax Credit (ERTC) is a valuable tax break. Was extended and modified by the American Rescue Plan Act (ARPA),…
Cutoff Rules for Revenue and Expenses
Follow the cutoff rules for revenue and expenses Timing counts in financial reporting under the accrual method of accounting. And the end of the accounting period serves as a strict…