News & Insights
Mission and vision statements help businesses rise above the dinA mission statement and a vision statement may sound like “nice to haves” rather than “must haves” for your business. But they really do serve viable purposes. Here’s what they’re all about. 
Review your nonprofit’s revenue like an auditorA consistent revenue stream is critical for your nonprofit’s short-term budgeting and its long-term sustainability. Take some tips from auditors and review your revenue now. 
Activity-based costing may benefit some contractorsConstruction business owners: Have you considered activity-based costing for your projects? Implementing it isn’t easy, but the results can be worthwhile. 
Could a PEO help your construction business overcome its HR challenges?Construction business owners: Could you use some help managing the complexities of payroll, benefits, and compliance? If so, partnering with a Professional Employer Organization (PEO) might be the right move. 
Family business focus: Addressing estate and succession planning.Family business owners: Prudently planning the future of your company may call for weaving together estate planning and succession planning. Let’s talk strategy. 
Your nonprofit has lost an executive. Now what?If a nonprofit leader leaves unexpectedly and there’s no executive search committee or plan ready, a disorganized and lengthy search is likely. Here’s how to be ready to replace a critical employee. 
How your business can sharpen its marketing strategyMany businesses’ marketing strategies grow dull over time. Here are some broad areas to focus on while looking to sharpen yours. 
M&A accounting: Identifying the acquirer in business combinations involving VIEsUpdated accounting rules change how acquirers are identified in M&As involving VIEs. They replace old rules with a more consistent, substance-based approach. Here’s what it means for your next deal. 
Cost management is critical for companies todayMany small to midsize businesses struggle to control their cash outflows. A carefully considered and disciplined approach to cost management can help. 
Companies should take a holistic approach to cybersecurityBusiness owners: Are you taking a top-down approach to cybersecurity? If not, you should be. It’s critical to address the threat at every level of your company. 
When corporate sponsorships raise UBIT issuesAt a time when every dollar counts, your nonprofit doesn’t want to end up with a UBIT bill. So be careful when accepting corporate sponsorships because some can be risky. 
Automate that! How AI and other software can help improve efficiencyYour nonprofit likely already uses accounting software and other tools to automate routine tasks. Could you automate more? Probably. We suggest additional functions that can benefit from AI and other automation. |
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