Strengthen your supply chain with constant risk awareness
When the COVID-19 crisis exploded in March, among the many concerns was the state of the nation’s supply chains. Business owners are no strangers to such worry.
Financial reporting for nonprofits that have teamed up
Not-for-profits sometimes team up with other entities to boost efficiency, save money and better serve both organizations’ constituencies. This can be a smart move — so long as your accounting staff knows how to report the activities of the two organizations.
Member of SEK, CPAs & Advisors Named NACVA 40 Under Forty Honoree
FOR IMMEDIATE RELEASEJuly 28, 2020 Member of SEK, CPAs & Advisors Named NACVA 40 Under Forty Honoree
Fortify your assets against creditors with a trust
You may think of trusts as estate planning tools — vehicles for reducing taxes after your death. While trusts can certainly fill that role, they’re also useful for protecting assets, both now and later.
Main Street Lending Program now open to nonprofit applicants
Last week, the Federal Reserve announced that not-for-profit organizations now may apply for loans under the $600 billion Main Street Lending Program.
DOL Updates FMLA Forms
The DOL (Department of Labor) has published new FMLA (Family and Medical Leave Act) forms that covered employers may use to provide required notices to employees and employees can use to provide certification of their need for leave for an FMLA-qualifying reason.
Reporting embedded leases
In 2016, the Financial Accounting Standards Board (FASB) published guidance that requires major changes to how leases are reported on financial statements. One area of the guidance that’s especially complicated relates to “embedded” leases. Updated guidance
Does your business have a unique selling proposition?
Many business owners — particularly those who own smaller companies — spend so much time trying to eliminate weaknesses that they never fully capitalize on their strengths. One way to do so is to identify and explicate your unique selling proposition (USP).
Businesses: Get ready for the new Form 1099-NEC
There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation. Beginning with tax year 2020, payers must complete Form 1099-NEC, Nonemployee Compensation, to report any payment of $600 or more to a payee.
Communicate with Customers: QuickBooks and Microsoft Word
The pandemic has forced businesses to find new ways to connect with customers. QuickBooks has built-in tools that can help.