Odd Word, Cool Concept: Gamification For Businesses
‘Gamification.’ It is perhaps an odd word, but it is a cool concept that has become popular among many types of businesses. In its most general sense, the term refers
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The Greatest Corporate Espionage Risk Is Internal
It is a federal crime to steal trade secrets, but that does not stop thieves from successfully making off with billions of dollars in intellectual property (IP) annually. Companies may
Find A Sensible Balance When It Comes To Pay Raises
Employers grapple with many competing goals when it comes to compensation and pay raises. You probably want to reward specific employees who have made contributions to the organization and try
Associations: Avoid Certain Activities To Preserve Tax-Exempt Status
Non-profit trade associations, or 501(c)(6) organizations, exist to promote their members’ common interests and improve business conditions or “one or more lines of interest.” Whether the association is a local
Your Succession Plan May Benefit From A Separation Of Business And Real Estate
Like most businesses, yours probably has a variety of physical assets, such as production equipment, office furnishings, and a plethora of technological devices. But the largest physical asset in your
Compete Carefully In A Fierce Job Market With Signing Bonuses
Is your organization looking to hire new employees? Join the club. The U.S. unemployment rate hit a historic low this past April, according to a Bureau of Labor Statistics household
Agreed-Upon Procedures Engagements: A Middle Ground Between Audits & Consulting Services
Your CPA offers a wide variety of services. An audit is a familiar type of attestation service that provides a formal opinion about whether the company’s financial statements conform to
How Auditors Use Nonfinancial Information
Every financial transaction your company records generates nonfinancial data that does not have a dollar value assigned to it. Though auditors may spend most of their time analyzing financial records,
The Department of Health & Human Services Reduces Penalties For HIPAA Violations
The Department of Health and Human Services (HHS) recently issued a Notification of Enforcement Discretion to announce a change in its application of the regulations governing Civil Money Penalties of
Do Not Mistake Kickbacks For Gifts
Kickbacks return a portion of the money exchanged in a business transaction as compensation for favorable treatment. They are illegal in the United States and many other countries, but because