July 6

The New Lease Accounting Standard – ASC 842 Overview

Reading Time: 7 minutes What is the new lease accounting standard? The new lease accounting standard (ASC 842) is going to significantly change the way that we are accounting for our leases, specifically, our leases of property equipment that are greater than 12 months. We’ll be taking leases and bringing them onto our balance sheet using right-of-use assets and.

April 21

Three Ways to Improve Supply Chain Management

Reading Time: 4 minutes   Businesses can reap big rewards by making a commitment to improving supply chain management. Unfortunately, many businesses fail to devote adequate resources to this endeavor, thus missing out on potential benefits.   Improving supply chain management starts with developing a supply chain management strategy. While this effort may be time-consuming, not creating a supply.

April 20

The Hidden Advantages of Outsourced Accounting You Can’t Ignore

Reading Time: 3 minutes   Outsourcing certain business functions to third-party service providers is not a new concept. Businesses have been outsourcing functions like payroll, IT and human resources for years. However, many companies haven’t given much thought to outsourcing their accounting and finance functions. There are many advantages of outsourced accounting — including freeing up your team to.

March 30

Employee Retention Credit Availability Extended by ARPA

Reading Time: 2 minutes   With the first quarter of 2020 coming to a close, businesses should consider the Employee Retention Credit (ERC) as they begin to prepare their quarterly payroll tax filing (Form 941). As a reminder, the ERC is a refundable payroll tax credit and is now available even if the business took a Paycheck Protection Program.

March 30

Business Tax Provisions of ARPA (The American Rescue Plan Act of 2021)

Reading Time: 5 minutes   The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, is the latest major legislation that provides economic relief and stimulus, both tax and non-tax, during the Covid-19 pandemic. Below are brief summaries of the key aspects of the business tax provisions in ARPA. Payroll tax credits The.

March 25

Leaders: Ask Yourself These Questions to Assess Your Cybersecurity Risk

Reading Time: 3 minutes   Another day, another data breach. We saw several major data breaches during the first month of 2021 alone. For example, a database maintained by an online photo editing app containing 1.9 million user records was hacked on January 20, while order information for 7 million customers of a men’s clothing retailer was hacked on.

March 25

How to Foster Company Culture in “the New Normal” We Live in Now

Reading Time: 3 minutes   Over the past year, the COVID-19 pandemic has redefined “normal” in almost every aspect of our lives, including our work lives.   Many employees have been forced out of the traditional office environment they’ve worked in their entire lives and had to adapt to a new work-from-home model. This brings new challenges in terms.

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