Accounts Payable (AP) is an integral part of accounts and finance function and sensitive in terms of cash management. It is imperative to maintain the AP to the utmost completeness, correctness, and compliances with regulatory requirements. However, AP is prone to various risks. It is critical to identify those, so you can anticipate and not …
Secure your Accounts Payable with Robust Internal Financial Controls!! Read More »
Outsourcing your CFO services is an excellent strategy that will help you stay laser-focused on building and growing your business. By delegating the pivotal role of a CFO to an outsourced firm, you are free to redirect your time and attention to expanding your business and increasing revenue. The outsourcing CFO business model has become …
A Trend To Look Out for – Outsourced CFO Services Read More »
“I believe in innovation and that the way you get innovation is to fund research and learn the basic facts.” – Bill Gates It has always been an innate belief of policymakers that investment in research and development helps develop new products and technologies, stimulates our economy, promotes job growth, and helps us compete on a …
The thing about business is – nearly every event that occurs throughout the year will have an impact on your company’s tax liability. Thus, the tax filing date is just the culmination of all those events. The truth is, most business owners don’t launch their business to become a tax-genius or financial analyst. Their original …
Breaking News: It’s Tax Time! Unlocking the Value of a CFO Advisor Read More »
It’s a pleasant surprise when you put on a jacket or pair of jeans and find several crisp twenty dollars bills in a pocket. It may even prompt you to check other pockets to see if there’s additional cash lying around that you can put to good use. The same can be said for businesses …
Whether or not you are a football fan, you probably know the Super Bowl is right around the corner – and it will be played right here in the Golden State at SoFi Stadium. But getting there is only half the battle for the two opposing teams. They know there’s a lot more to be …
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 …
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 …
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 »