“Everyone talks about building a relationship with your customer. I think you build one with your employees first.” Angela Ahrendts There are “hard” and “soft” costs of hiring, training and retaining employees. We believe all costs must be included in your Human Resource (HR) budgeting. When does each employee start contributing to the overall profit […]
Full Cost of Hiring an Employee Read More »
“You never get a second chance to make a first impression.” Oscar Wilde We believe hiring a new employee is one of the most important decisions you can make as an employer. All the time and effort you put into the hiring process hangs in the balance. It is a huge decision for your future
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As a company grows, so do its accounting needs. No matter the size of the company there are key points that every accounting department has to hit in order to be successful. A successful accounting department is one that operates as quickly as any other department in the company, but also one that provides decision
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The most successful HR departments fully support the employees of their company and act as a strategic asset for that company. Talented employees are the lifeblood of any organization, and, according to the 2016 PWC Global CEO study, the C suite is starting to recognize the importance of attracting and retaining top talent. CEOs are
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“Motivation is what gets you started. Habit is what keeps you going.” Jim Rohn, Entrepreneur Online (cloud-based) accounting systems are designed to be used via the Internet instead of on servers at specific business locations. The primary advantage of Internet-based systems is that there is no need for downloading software to your computers, backup, security
What is the Best Online Accounting Software? Read More »
“Life is change. Growth is optional. Choose wisely.” – Karen Kaiser Clark, Author and Motivational Speaker Revenue recognition criteria effective this year will provide new income potential for savvy firms. The five step reporting process allows for accelerating or postponing income depending on the tax strategy that is most advantageous to your business. Five Step
Revenue Recognition Criteria Increases Profitability Read More »
“Donors don’t give to institutions. They invest in ideas and people in whom they believe.” G. T. Smith We feel nonprofit organizations have a responsibility to their donors, members and employees to implement a risk management program to prevent and mitigate threats to the success of their organization. An effective risk management strategy is a
Nonprofit Organization Risk Management Read More »
“Know what you own, and know why you own it.” – Peter Lynch Choosing the best financial investment valuation model can be challenging depending on the process used. We believe it all depends on the purpose of the valuation and the market determinants surrounding the investment at the time. There are a plethora of methods
Financial Investment Valuation Models Read More »
“Coming together is a beginning. Keeping together is progress. Working together is success.” Henry Ford We believe businesses must embrace functioning as highly result oriented ecosystems called teams because this approach improves goal-setting, inspires better decision making, promotes outstanding innovation and calls for the highest level of performance from their team members. The best team
Team Building Goals and Retreats Read More »
“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” Jimmy Dean There are many new employment laws that must be complied with by employers effective January 1, 2017. We will highlight only some of the Federal and California laws because they are too many to
How to Prepare for New Employment Laws Effective 2017 Read More »
Happy Holidays! It is that time of year again. The daylight hours are getting shorter and nights are getting longer. We have more family obligations and seemingly endless time commitments. On top of all this, every business with a calendar year-end must close its books and prepare annual financial statements now. What are some of
Improving Year- End Closing Procedures Read More »
“The safest way to double your money is to fold it over once and put it back in your pocket.” Frank McKinney Hubbard, Cartoonist, Humorist and Journalist The process of analyzing merger and acquisition opportunities consists of three phases known as planning, search and screen, and financial evaluation. The analysis should answer the following six
Asset Purchase Method of Accounting for Better Risk Management Read More »