Accounting and Your Month-End Close
5 accounting steps to streamline the month-end close Many companies struggle to close the books at the end of the month. The month-end close requires accounting personnel to round up…
Sales and Your Business During Pandemic
Businesses revise sales compensation models during pandemic Economists will look back on 2020 as a year with a distinct before and after. In early March, most companies’ sales projections looked…
Virtual Team Building – How to Succeed
Virtual team building while working remotely Thanks to affordable technology, more and more companies have been allowing employees to work remotely in recent years. It’s become feasible to procure laptops,…
Hiring independent contractors during COVID-19?
Hiring independent contractors? Make sure they’re properly classified. As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should…
Financial Reporting During the COVID-19 Pandemic
Financial reporting and adjusting your financial statements The Corona-virus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for businesses hit…
Layoffs and Furloughs – Which is Which?
What are the key distinctions between layoffs and furloughs? Layoffs and furloughs, is it time to decide? As businesses across the country grapple with the economic fallout from the novel…
CARES Act provides option to delay CECL reporting
Should You Delay CECL Reporting The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27. Among other economic relief measures, the new law allows…
Using Your Financial Statements During an Economic Crisis
Your financial statements and the Coronavirus The economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations. One place to look for the information you…
Digital Documents with E-signatures Aren’t Going Away
Digital documents with e-signatures aren’t going away Do you use e-signature? Have you applied for a business loan lately? Or had some repairs done on your facilities? Maybe you’ve signed…
Financial Statements: GAAP vs. Tax-basis
GAAP vs. tax-basis: Which financial statement is right for your business? Most businesses financial statements report financial performance using U.S. Generally Accepted Accounting Principles (GAAP). But the income-tax-basis format can…