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The Enemy Within: How can you prevent employee fraud?

Occupational, or employee, fraud is an ongoing hazard to businesses’ bottom lines. It can take several forms from skimming to billing schemes, corruption, and asset misappropriation. In their 2018 Report to the Nations, the Association of Certified Fraud Examiners. Read More >>

Lease Accounting: Not As Far Away As It Seems

With the massive changes coming to revenue recognition, it’s easy to forget that there are also some significant changes to lease accounting closely following. The new lease standard supersedes FASB ASC 840 and becomes effective for non-public companies for. Read More >>

Damage control: Surviving a business interruption

September 12, 2017 Client Advisor

Cash is a business’s lifeblood. Even companies that are highly profitable on paper can’t survive long without a healthy cash flow. That’s why a business interruption, such as one that might have been caused by recent hurricanes hitting Texas. Read More >>

Show Me the Money (and where it goes): The New Revenue Recognition Standards

There aren’t many instances when the accounting industry faces a game changer. But with the new Revenue Recognition Standard FASB has put in place, that’s exactly what every company will experience in its day-to-day accounting practices. To make sense. Read More >>

FASB Announces One-Step Testing for Goodwill Impairment

February 9, 2017 Client Advisor

In January 2017, the Financial Accounting Standards Board (FASB) issued additional revised guidance for goodwill impairment testing that’s intended to make the process easier and less costly. The latest amendments, found in Accounting Standards Update (ASU) No. 2017-04, Intangibles. Read More >>

Know Your Customers Before You Extend Credit

January 10, 2017 Client Advisor

The funny thing about customers is that they can keep you in business — but they can also put you out of it. The latter circumstance often arises when a company overly relies on a few customers that abuse. Read More >>

Making the Most of Your Company’s Financial Statements

A company’s financial statements typically comprise its balance sheet, income statement, and statement of cash flows. Each of these reports can reveal much about the financial position, health and performance of your business. By carefully analyzing these statements, you. Read More >>

Fraud Prevention: What Works?

According to the Association of Certified Fraud Examiners (ACFE) most recent Report to the Nations on Occupational Fraud and Abuse, the typical organization loses 5% of its revenues to fraud each year. The median loss caused by fraud is. Read More >>

It’s Time to “True-Up” with Ohio BWC

July 13, 2016 Now that the first fiscal year under prospective billing has ended, payroll true-up reports are due no later than August 15, 2016. Prospective Billing became effective July 1, 2015, for private employers. With this transition, the. Read More >>

Employee vs. Independent Contractor: Make sure you get it right

June 21, 2016 Classification of workers as either employees or independent contractors has become a heated issue. One reason is the growth of companies like Uber and Handy, which rely on networks of workers the companies say are independent. Read More >>