News Updates
Can Your Business Survive a Disaster?
DOL Expands Retirement Plan Options for Smaller Businesses
The U.S. Department of Labor (DOL) has released a final rule which should make it easier for smaller businesses to provide retirement plans to their employees. According to the DOL, the rule will enable more small and midsize unrelated businesses to join forces in...
Reporting Discontinued Operations
Financial reporting generally focuses on the results of continuing operations. But sometimes businesses sell (or retire) a product line, asset group or another component. In certain situations, such a disposal should be reported as a discontinued operation under U.S....
What Crime Fiction Owes to the Accounting Profession
The Ten Commandments of Selling Your Business
Tad Render and Domenic Rinaldi The sale of your business is often a significant life event. The tips below will help you through the process and maximize the value of your business. 1. Thou Shall Understand Goals and Objectives Ask yourself what you are trying...
How Women Can Bridge the Retirement Gap
Tad Render and Domenic Rinaldi The sale of your business is often a significant life event. The tips below will help you through the process and maximize the value of your business. 1. Thou Shall Understand Goals and Objectives Ask yourself what you are trying...
Attention: Accounting Rule Delays in the Works
“Tax Due” Adds Up Fast if You Don’t Withhold Enough
On July 17, the Financial Accounting Standards Board (FASB) voted to issue a proposal that would delay several landmark accounting rules for certain companies. If finalized, the deferral would apply to new guidance for reporting leases, hedging transactions, credit...
Manage your receivables
Test Your Financial Literacy
Failure to collect accounts receivable (AR) in a timely manner can lead to myriad financial problems for your company, including poor cash flow and the inability to pay its own bills. Here are five effective ideas to facilitate more timely collections: 1. Create an AR...