Traveling is always an adventure, regardless of the mode of transportation – especially during the holiday season. For some, just driving near a shopping mall can be exasperating. Having proper plans in place can make the roads more manageable. Still, we realize that unpredictable twists and turns await us on our journey. This rings true …
On October 15, 2021, the Chief Counsel of the IRS quietly released a new procedural requirement for businesses claiming refunds for research tax credits, kicking up some clouds of doubt and frustration. As the IRS undertakes this new initiative to validate claims, it leaves many businesses wondering about the status of their refund. This is …
In our September blog – Redefining the Role of the CFO – we drew an Olympics analogy: a team’s success depends on the contributions of every member. Incomplete teams simply can’t compete with those that are well-rounded. This fact rings true in the business arena, as well. When an organization circumvents a specific position …
Take An Assessment of Business Process and Tie it up with CFO Advisory! Read More »
After a one-year delay, Tokyo finally hosted the 2020 Summer Olympics. Fans cheered on their nation’s star performers, hoping their team would set new records and bring home the gold. Each athlete was part of an elite team. They realized the importance of being surrounded by a dream team; everyone had a unique role to …
Organizations that have already adopted the new revenue recognition standard (ASC 606) may have discovered that it was not a smooth transition. As with any type of change in the accounting standards/methods, there are deep rooted challenges to overcome; many layers of complexities must be sorted through to ensure your business complies with the Revenue …
The construction, engineering, and architectural industries took a devastating blow when the COVID-19 pandemic swept the nation. However, forward-thinking companies looked past lockdowns and saw opportunities; during their idle time, they began to innovate. They imagined action steps they could take to improve their processes and soon began testing those hypotheses. Consequently, they improved their …
Outsourcing your CFO services is an excellent strategy that will help you stay laser-focused on building strategies and growing your business. By delegating the pivotal role of a CFO to an outside firm, you are free to redirect your time and attention to expanding your business and increasing revenue. And you won’t miss a beat, …
How SMBs Are Experiencing Growth by Outsourcing their CFO Services Read More »
Mention the words “tax break” in any business setting, and heads turn. If there’s a way to save a company money, people want details. But when you hear it’s an R&D tax credit—and you’re a manufacturing firm—it may not sound like headline breaking news. You may have always assumed that other industries, such as big …
Manufacturing Firms—Don’t Miss Out on Your R&D Tax Credit Read More »
Most business teams – in nearly every sector – are still working remotely, including their accounting and finance departments. Thus, those in the accounting and financial departments should collaborate often to identify potential risks. So how can you be certain that you have limited yet correct access to the data to make the critical financial …
Managing Company-wide Risks With Strong Financial Processes While Working Remotely! Read More »
In August 1981, the personal computer revolution was powering up; that’s when IBM released its first PC. This was the catalyst that inspired tremendous innovation in the IT and software arenas. After 2008, there was a major acceleration in the tech industry with an introduction of app-based services, utilization of big data, AI, and machine …
How Tech Companies Can Qualify For R&D Tax Credit Read More »