6 ways to help stay on top of receivables

Imagine, someone in sales closing a massive deal. It’s a new customer with a huge, custom order. Great! The production team works under the tight deadline. The new client is pleased that everything is shipped on time and comes back looking spectacular. But wait, did you get paid?

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Topics: Manufacturing & Distribution, Accounting Tips, Audit

Working with the generation gap

Posted by Dawn Möeder, CPA of England and Wales on May 2, 2017

With people retiring later and the next generation of employees graduating, it is currently possible to have five generations working together. What a thought! All generations have different ways of communicating. They hold different ideas about work and management. They are just different. All of these articles popping up on older generations and younger generations, and their negative ideas about the other, it’s going to lead to some tension. As a CEO or owner of the company, it’s your job to make sure that everyone is happy, or at least coexisting.

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Topics: Manufacturing & Distribution, Accounting Tips, Audit

It’s time to jump on the social media truck

Posted by Dawn Möeder, CPA of England and Wales on May 2, 2017

If you’ve been on the fence about social media, it’s high time you jump on the truck and deliver content. Social media isn’t going anywhere. It’s evolving, and so should your manufacturing company. It doesn’t have to be expensive. It can be effective. Even if you do not sell directly to the public, it can work for you, as long as you know how to work the platform. 

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Topics: Manufacturing & Distribution

Tax Update: Beware of last-minute email scams!

Posted by lgtcpa on Mar 22, 2017

The IRS sends warnings of phishing emails scams, particularly those requesting last-minute changes and account updates.

Cybercriminals are taking the time when people are vulnerable, and creating sophisticated scams to trick anyone.

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Topics: Accounting Tips, Tax

How you can run a “greener” dealership

Posted by Danni Douglas, Staff I, Tax Services on Mar 22, 2017

There is an increasing emphasis on how business activities effect the environment throughout many different industries. Automobile dealership operations can leave a heavy carbon footprint, so this industry has many opportunities for change.

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Topics: Auto, Accounting Tips, Tax

Help yourself and the environment with recycled materials

Posted by Chris Hollis, Tax Supervising Senior on Mar 22, 2017

Using recycled and reclaimed materials for construction projects can help curb greenhouse gas emissions and other pollutants. Doing so can also reduce the amount of waste sent to landfills.

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Topics: Accounting Tips, Tax, Construction

Credit card use: Having a policy can thwart misuse

When it comes to fraud in any organization, credit cards are frequently a fraudster’s tool. Because the use of credit cards is so commonplace today, there’s always the risk of improper charges to your account. Credit card misuse could hurt your organization financially and jeopardize its reputation in the community.

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Topics: Accounting Tips, Not-for-Profit, Audit

Tax Update: 2017 Cost-of-Living Adjustments

Posted by lgtcpa on Feb 22, 2017

The IRS recently issued its 2017 cost-of-living adjustments. Because inflation remains relatively in check, many amounts increase only slightly, and some stay at 2016 levels.

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Topics: Accounting Tips, Tax

The latest on occupational fraud: Who the perps are

Occupational fraud is an unfortunate reality for just about every employer, nonprofit organization or otherwise. But you might be able to reduce the risk of costly losses if you understand some of the common traits of fraud perpetrators. The 2016 Report to the Nations on Occupational Fraud and Abuse from the Association of Certified Fraud Examiners ("ACFE") provides some useful insights on these characteristics.

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Topics: Accounting Tips, Not-for-Profit, Tax, Audit

News for Nonprofits

Posted by Maura Noonan, Supervising Senior on Feb 22, 2017

Is your next board chair prepared to lead?

Only half of board chairpersons are prepared for their leadership role when they take on the post, according to a recent survey by the Alliance for Nonprofit Management.

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Topics: Accounting Tips, Not-for-Profit, Tax, Audit