Important Cybersecurity Reminders for 2022
Posted by Tevon Campbell on January 4, 2022
Tevon Campbell
With all the statistical data on the increase in cybercrime, and the cost to businesses that fall victim to these attacks, cybersecurity is always top of mind. While it’s important to implement technology to protect your company’s data, here are some steps your employees can take to help with cybersecurity.
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Firm Announces New ERP Dashboards Service
Posted by Clayton & McKervey on September 13, 2021
Clayton & McKervey
Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, has announced a new ERP dashboards service designed to help clients get the most out of their current ERP systems and extract the data that really matters.
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The Role of Data Analytics in Revenue Management
Posted by Ben Smith on July 20, 2021
Ben Smith
The ability to anticipate demand can empower management to make important resource allocation and pricing decisions. While such empowerment is attractive, many companies lack the necessary data collection and analytics processes.
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Financial Management: 4 Key Technology Transformations
Posted by Ben Smith on April 15, 2021
Ben Smith
From shifts towards data-driven strategy to the implementation of new technological tools, the world of accounting and finance is rapidly changing. Here are four trends we are tracking right now and what they mean for your business.
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Payroll Fraud: What to Look for and How to Prevent it
Posted by Dave Van Damme on February 9, 2021
Dave Van Damme
Fraud is an unfortunate part of business. It can happen anywhere and to anyone, and sometimes can be at the hands of seemingly trustworthy people. Learn how we can help you survey the current environment for fraud and reinforce best practices for fraud prevention.
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Sales Analytics: A 21st Century Approach to the Consumer
Posted by Ben Smith on February 2, 2021
Ben Smith
Monitoring sales is a critical aspect of any high performing business. In the mission to work smarter, sales analytics tools provide a level of optics that help leaders predict and understand critical business trends.
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Estate Planning 101
Posted by Margaret Amsden on August 17, 2020
Margaret Amsden
With all of the change the past few years, now is an ideal time to revisit your estate plan. Learn about the essentials of estate planning and why it's important to review and update your plans on a regular basis.
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Robot Nation Podcast: Talking Automation with Tim & Bryan
Posted by Tim Finerty and Bryan Powrozek on August 7, 2020
Tim Finerty
Shareholder Tim Finerty and Manager Bryan Powrozek talk about the latest innovations and cash flow considerations impacting industrial machine builders on a recent episode of the Robot Nation podcast.
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New Survey Findings Reveal the Impact of COVID-19 on Manufacturers
Posted by Jim Biehl on June 2, 2020
Jim Biehl
COVID-19 has profoundly impacted business. The combination of stay-at-home orders, forced business closures and fear of virus transmission meant some businesses had to cease operations entirely while others were tasked with challenging modifications to comply with state and local regulations.
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10 Recommendations for Mexican Subsidiaries during COVID-19
Posted by Carlos Calderon on May 28, 2020
Carlos Calderon
Companies with Mexican subsidiaries may be wondering how best to proceed in light of COVID-19.
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Navigating Business Issues During COVID-19
Posted by Ben Smith on April 20, 2020
Ben Smith
How data analytics can uncover key trends The Coronavirus (COVID-19) threat has created uncertain conditions for individuals, families, businesses and the broader community. While concern …
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Mexico Manufacturing During the COVID-19 Crisis
Posted by Carlos Calderon on April 13, 2020
Carlos Calderon
Like most of the countries in the world, Mexico has been and will be significantly impacted by the Coronavirus outbreak. With the shutdown of non-essential activities, the peso has devaluated, the index of risk has risen and unemployment rates have soared.
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Business Survival: Protecting Cash
Posted by Dave Van Damme on April 3, 2020
Dave Van Damme
As the world faces, and attempts to absorb, the realities presented by the Covid-19 health crisis, businesses and in particular small businesses, need to be focused on survival.
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5 Considerations for Finding the Right CPA
Posted by Denise Asker on January 3, 2020
Denise Asker
Whether you are handling business or personal finances, having a Certified Public Accountant (CPA) as your advocate is priceless. The right CPA can help you and your business move toward financial success and uncover areas of financial improvement.
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The Secret to Longevity in Business
Posted by Jim Biehl on February 6, 2019
Jim Biehl
Have you ever wondered how some companies last for generations while others fade into obsolescence? In the firm’s long history of working with closely-held businesses, …
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Vigilance Helps Defend Cyber Attacks
Posted by Dave Van Damme on February 5, 2019
Dave Van Damme
Situations You’ll Want to Avoid You have undoubtedly heard it before: When it comes to opening emails, clicking links, and browsing – – “Be vigilant.” …
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Managing Your Net Working Capital
Posted by Margaret Amsden and Ben Smith on February 2, 2018
Margaret Amsden
When a business is considering selling there are many elements to be managed. One of the elements that should be closely monitored is called Net …
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Asset Acquisitions: The Dichotomy Between Buyer and Seller Objectives
Posted by Margaret Amsden and Ben Smith on January 16, 2018
Margaret Amsden
Growth through acquisition is an important option for business owners because it offers a significantly faster way to build market share in an …
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Planning for Year-End in the Midst of Tax Changes
Posted by Margaret Amsden on November 15, 2017
Margaret Amsden
As I am sure you are aware, the House and Senate are working feverishly to enact major tax reform. The proposals have been characterized as …
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Estate Planning Strategies for Uncertain Times
Posted by Margaret Amsden and Casey Haggerty on November 14, 2017
Margaret Amsden
Among the many rumors surrounding tax reform, several concepts have surfaced regarding what lies ahead with respect to the estate tax. In general, the …
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The Top 5 Adjustments to Consider When Computing EBITDA
Posted by Margaret Amsden and Ben Smith on August 15, 2017
Margaret Amsden
Owners of closely held businesses use a myriad of metrics to evaluate business performance. Alternatively, when a buyer or third party is looking …
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Succession Planning for Small Businesses
Posted by Ben Smith on August 3, 2017
Ben Smith
Fact: 12 million baby boomers will attempt to transition from their workplaces in the next five to 10 years. This has significant meaning for …
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Five Questions Answered about Expat Individual Income Tax in China
Posted by Nina Wang and Tim Hilligoss on July 25, 2017
Nina Wang
As a direct result of globalization, there is an increasing amount of foreigners working in China. It’s important for a foreign person to know …
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Record Retention Schedule
Posted by Clayton & McKervey on February 6, 2017
Clayton & McKervey
As companies and individuals often inquire about how long to maintain records as both a best practice, and for legal reasons, the table below …
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Company Acquisitions – Assets vs. Stock
Posted by Margaret Amsden on April 12, 2016
Margaret Amsden
When making a business acquisition, one of the key factors to be considered is whether the transaction will be an asset purchase …
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Structuring Cloud Computing Arrangements to Ensure They Have a Positive Impact on Key Financial Indicators
Posted by Dave Van Damme on November 17, 2015
Dave Van Damme
In April 2015, the Financial Accounting Standards Board (“FASB”) issued new guidance* on accounting for fees paid for cloud computing arrangements. How you structure your …
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Private Company Reporting Options – “FRF for SMEs” vs. “Private Company Council GAAP”
Posted by Tim Finerty on August 4, 2015
Tim Finerty
The private company financial reporting landscape has changed. With new acronyms like “FRF for SMEs” and “PCC,” it can be hard for companies to decide …
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Committee of Sponsoring Organizations Framework (COSO) and How It Applies to Closely Held Businesses
Posted by Dave Van Damme on June 30, 2015
Dave Van Damme
Committee of Sponsoring Organizations Due to heightened corrupt practices throughout businesses in the early to late 1970s, the US Securities and Exchange Commission partnered with …
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5 Things You Need to Know about the AICPA’s Financial Reporting Framework for Small and Medium Sized Entities
Posted by Tim Finerty on September 23, 2014
Tim Finerty
It’s been a little over a year since the AICPA issued the Financial Reporting Framework for Small and Medium Sized Entities (“FRF for SMEs”) as …
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831(b) – Captive Insurance Company
Posted by Sue Tuson on August 13, 2014
Sue Tuson
Considering a Captive Insurance Company Many companies may encounter a situation where the premium to cover an insurable risk in their business comes with a …
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What Do I Do Now?
Posted by Clayton & McKervey on January 21, 2014
Clayton & McKervey
Succession Accomplished … Now What? Our firm focuses on working with business owners. These are generally individuals that have started and grown a business for …
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AICPA Non-GAAP Financial Reporting Framework (FRF for SMEs)
Posted by Dave Van Damme on August 7, 2013
Dave Van Damme
On June 10, 2013, the AICPA released its Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs). This is an optional, comprehensive basis …
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IRS Audits of Electronic Records
Posted by Margaret Amsden on November 29, 2012
Margaret Amsden
Co-authored by: Bryan Powrozek Internal Revenue Service regulations require that businesses maintain sufficient records to support the income and deductions reported on their tax returns.
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