With many workers still remote and gathering restrictions increasing as infection rates rise, 2020 is absolutely the year to re-imagine the company holiday party.
Posted on December 1, 2020
Tips for Holiday Office Party Planning During Covid-19
Posted on November 2, 2020
Financial Metrics that Matter
Achieving and maintaining profitability for your practice is essential and having the capability to track key metrics that measure productivity is core to being successful.
Posted on October 27, 2020
Tax Implications When Lenders Cancel Debts in the COVID-19 Era
In the COVID-19-ravaged economy, debts can pile up beyond a borrower's ability to repay. Lenders sometimes may be willing to forgive (or cancel) debts that are owed by certain borrowers.
Posted on October 13, 2020
COVID-19 Relief: New Rules for Deducting Charitable Contributions
No matter what any of us have tried to accomplish in 2020, it certainly has been harder to achieve. That is the case for not-for-profit organizations, which depend on charitable giving to support their mission.
Posted on October 8, 2020
When accounting for your leases, will you benefit from FASB’s response to Covid-19?
In anticipation of disruptions resulting from the Covid-19 Pandemic (Covid-19), on June 3, 2020, the Financial Accounting Standards Board (FASB) granted a one-year effective date delay for certain entities implementing the new lease accounting standard (Topic 842).
Posted on September 30, 2020
New York Paid Sick Time Frequently Asked Questions
Starting January 1, 2021 nearly all New York employers must offer paid sick leave to their employee under the recently enacted New York Labor Law.
Posted on September 29, 2020
Buying a Distressed Business
Many businesses have suffered financial losses due to the COVID-19 crisis. Some may even be on the verge of bankruptcy or otherwise looking for an exit strategy.
Posted on September 22, 2020
Achieving Financial Stability
Business owners may often experience the “pit in their stomach” feeling when they assess the financial stability of their organizations.
Posted on September 20, 2020
SBA Paycheck Protection Program (PPP) Forgiveness FAQ's
Recently the SBA has updated its web page to reorganize their PPP Forgiveness FAQ’s section so that it is broken down into sections listed below
Posted on September 20, 2020
Payroll Tax Deferral
On August 29, the U.S. Department of the Treasury released Notice 2020-65 in response to President Trump’s executive order allowing employers to defer the employee share of Social Security tax (6.2%) withheld from September 1 through December 31, 2010.
Posted on August 6, 2020
Five Compelling Reasons to Consider Outsourcing
In prior blog posts, we have discussed the Benefits of Outsourcing, the Economics of Outsourcing, and Metrics that Matter. In and through these blogs, we have articulated a rationale for utilizing outsourcing – specifically accounting and finance – within an organization.
Posted on August 5, 2020
COVID-19 Crisis May Affect Tax Angles For Rental Property Losses
The economic fallout from the COVID-19 crisis will cause many rental real estate properties to run up tax losses in 2020 — and possibly beyond. Here's a summary of important federal income tax rules for such losses.
Posted on July 22, 2020
Can Your Business Survive and Even Thrive in These Trying Times?
The novel coronavirus (COVID-19) pandemic has caused difficulties for millions of businesses — from family-owned restaurants and niche manufacturers to multinational airlines and oil companies.
Posted on July 10, 2020
COVID-19 Pandemic Poses Complex HR Policy Questions
Questions from employers and employees about coronavirus (COVID-19) pandemic are multiplying almost as fast as the virus itself. Employers need to rely on a combination of authoritative legal and medical advice, and their own common sense, to keep employees safe.
Posted on July 8, 2020
Economics of Outsourcing
In this article, we will explore the potential cost savings that an organization may realize through outsourcing. The economic argument to consider outsourcing is quite compelling.
Posted on June 19, 2020
Metrics that Matter
Webster’s Dictionary defines metrics as standards of measurement and, while these are fundamentally quantitative in nature, metrics can also be viewed as pieces and parts of a story. In this article, we will discuss why metrics matter and how they play an important role in the story of a business.