Posted by Ben Smith on February 25, 2020
At the end of 2019, many businesses spent time evaluating performance, establishing profit and growth goals and approving budgets. There was also time spent drilling down on results to understand what was working and where changes needed to be made.
Posted by Margaret Amsden on February 21, 2020
Business owners are always looking for ways to structure the business to minimize both the tax cost of current operations as well as the tax cost associated with selling the business.
Posted by Nina Wang on February 19, 2020
The last thing any business wants to receive is an audit notice from the Internal Revenue Service (IRS). Your first reaction will naturally be panic or fear. So, what protective measures can a business or business owner put in place?
Posted by Clayton & McKervey on February 18, 2020
In any business, security is of the essence. An employee opening up a seemingly innocent email attachment, which isn’t what it seems on the surface, can jeopardize the entire operation.
Posted by Sue Tuson on February 17, 2020
The new revenue recognition standards under Generally Accepted Accounting Principles (GAAP) became effective for private companies for annual reporting periods beginning after December 15, 2018.
Posted by Jim Biehl on February 12, 2020
Owners spend years amassing the knowledge and experience necessary to become masters at their craft. Passion for the work and the satisfaction of helping clients is what drives them – not necessarily administrative tasks like financial accounting and reporting.
Posted by Tim Finerty on February 6, 2020
The concern about an economic slowdown has permeated the news in the past few months. This has been punctuated by the Federal Reserve Bank’s recent decision to cut interest rates for the third time in 2019.
Posted by Robert Dutkiewicz on February 4, 2020
The new decade got off with a big bang, with significant developments in trade policy. Though their substance and effect seem to be a point of debate, I believe that all three of these recent developments will be positive for the U.S. economy, in some way.
Posted by Margaret Amsden on February 2, 2020
How many exemptions to claim on a W-4 is an age-old question. Unfortunately, the way withholding is computed has changed and there is now a bit more to consider.
Posted by Clayton & McKervey on January 23, 2020
Senior Manager Dave Van Damme shares insights on a handful of key metrics to help business owners track financial performance. Here, he discusses revenue per employee so that business owners can better understand the relationship between revenues and costs.