To prevent occupational fraud from cutting into your auto dealership’s profits and generating negative publicity, you need a strong internal controls system. And effective controls start with current and accurate financial statements. It starts in accounting One sign of weak internal controls is an accounting department that...
Smartphone owners spend an average of two hours and 51 minutes a day on their devices. Including tablets, total usage averages four hours and 33 minutes a day. Yet, the United States trails Brazil and China in this area; combined smartphone and tablet usage in...
In good times, organizations often need to change to seize opportunities and keep up with demand. In bad times, they must change because, well, something has clearly gone awry. Whatever its cause may be, change can put great strain on an employer’s ability to accomplish...
An independent quality of earnings (QOE) report can be a valuable tool in mergers and acquisitions. It is important for both buyers and sellers to look beyond the quantitative information provided by the selling company’s financial statements. Quality matters There is a lack of guidance from the...
From coast to coast, hurricanes and wildfires and other natural disasters have created headlines while destroying homes. Your principal residence is a valuable asset, so you should be confident your homeowner’s insurance can protect you against multiple perils. Chances are, your first experience with homeowner’s coverage...
If your non-profit’s board is like most, its members lead busy lives. They may not get to every board meeting or perhaps they are able to attend meetings only via teleconference. That is why it is important to periodically bring everyone together in a relaxed...
As companies increase their investments in social media marketing, many are seeking ways to make it simpler and more cost-effective. Here are some ways to take a measured approach. Pick your battles Many marketers have realized that their companies do not need to be on every social...
Once your 2018 tax return has been successfully filed with the IRS, you still may have questions. Below are brief answers to three questions that we are frequently asked at this time of year. Question one: What tax records can I throw away now? At a minimum,...
In its 2018 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners reported that owners and executives accounted for only 19 percent of all fraud cases. Yet they caused a median loss of $850,000 vs. a median of $100,000...
Many organizations are adopting qualified transportation plans. Under these arrangements, employers contribute dollars toward mass transit expenses and allow employees to use pretax compensation reductions to pay for any additional qualified transportation expenses. A common conundrum of offering such a plan, however, is how to handle...