How companies can spot dangers by examining concentration
Business owners: The term “concentration” has multiple applications, and any one of them could spell trouble for your company. Here’s what you need to know.
Nonprofit board members: Watch for financial warning signs
Nonprofit board member? You must constantly look for signs that your organization might be vulnerable during an economic downturn. We list several red flags.
Construction companies should approach drone purchases carefully
Construction business owners: Are you considering buying a drone? If so, approach the purchase with a careful eye on what you’ll use it for and the total cost of ownership.
Weighing the pluses and minuses of HDHPs + HSAs for businesses
Many businesses reach a point where sponsoring a high-deductible health plan accompanied by employee Health Savings Accounts makes sense. If yours might be just about there, here are some key points to consider.
Who does what in your nonprofit organization?
Help ensure your nonprofit’s staffers and board members know where their roles and responsibilities lie. Such guidance can help avoid confusion, resentment and redundant work.
Ratio rundown: Use financial benchmarking to unlock profitability, efficiency and growth
Start benchmarking today and take the guesswork out of financial management.
FAQs about reporting subsequent events
Market conditions are rapidly changing. How should your company’s financial statements report major events that happen between the end of the accounting period and when your company’s financial statements are completed?
Reviewing the look-back method for long-term construction contracts
Construction business owners: Does your company perform long-term projects? If so, you may need to undertake the look-back method when reporting income to the IRS. Here’s a quick review.
Choosing the right sales compensation model for your business
Business owners: If your company’s sales compensation model needs a refresh, there are several other options you can consider. Here’s a rundown.
What your nonprofit should know about credit loss reporting rules
Does the relatively new CECL accounting standard apply to your nonprofit? Here’s what you need to know about how it affects credit loss reporting for GAAP-following organizations.
Put your nonprofit’s cybersecurity system to the “pen” test
How well does your nonprofit’s cybersecurity program protect you from hacking? Penetration (pen) testing helps find vulnerabilities so you can, if necessary, strengthen your defenses.
The latest on occupational fraud in the construction industry
Construction business owners: Are your internal controls strong enough to withstand the many forms of occupational fraud? Here’s the latest info on these costly crimes.