TAX & ACCOUNTING BLOG

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Valuing your Professional Service Firm

Reading Time: 4 minute There are several applications in which the valuation of your business can deliver insight for guiding critical strategic decisions. For example, below are some common scenarios in which a valuation...
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7 Key Transportation Company Budgeting Tips

Reading Time: 3 minute Using a budget is crucial in driving your transportation company's financial future, but many businesses wonder how to get started. According to IBISWorld reports, one of the top success factors for...
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Does the Employee Retention Credit Apply to your Firm?

Reading Time: 2 minute The Employee Retention Credit (ERC), introduced with the CARES Act, is a way for professional service firms to recoup wages paid to employees. Does your firm qualify?
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Creating a Cash Flow Budget for Manufacturing Companies

Reading Time: 2 minute Budgets are an important tool a manufacturing company can use to help increase revenues, improve efficiencies of operations, improve services, and may even help to boost employee morale. Many believe...
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5+ Ways to Build Value in your Transportation Business

Reading Time: 5 minute For a majority of owners, their business is their most valuable asset. Financial security for owners in the long run heavily depends on maximizing value and, at some point, converting that asset to...
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Metrics & Benchmarking for Manufacturing Companies

Reading Time: 4 minute   Due to the disruption in the global markets and forced shutdowns, the COVID-19 pandemic has led to conditions that negatively affected most manufacturers. Noticeable effects of the pandemic include...
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Benchmarking Your Professional Service Firm

Reading Time: minute How does your professional service firm stack up? Like many others, the professional services industry is walking a tightrope to manage cash flow and maintain its workforce. Benchmarking can be a...
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Revenue Recognition Case Studies

Reading Time: 1 minute The five-step approach to revenue recognition introduced with Accounting Standards Update 2014-09, Revenue from Contracts with Customers (ASC 606) has gone into effect and will be significantly...
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