Eliminating the Pain and Cost of Grant Accounting

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NetSuite’s SuiteSuccess for nonprofits product offers powerful new capabilities that transform how nonprofits handle grant accounting. Simply put, NetSuite is making it dramatically easier for nonprofits to track how, when and where a grant is spent on any given project, down to the line-item transactional level. This helps nonprofits better manage complex revenue streams from multiple sources, […]

Lead, Transform, Operate: A 3-Step Imperative for the Modern CFO

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New regulations, new business models, the advent of big data, and exponential technology improvements requires that the CFO handle broader responsibilities beyond effectively and efficiently operating the finance function. Financial acumen is a must for today’s CFOs, but they must also possess strategic skills to help transform the organization and be able to have operational […]

Simplifying the Test for Goodwill Impairment

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The Financial Accounting  Standards Board (FASB) recently issued an update, ASU 2017-04, Simplifying the Test for Goodwill Impairment,  that is designed to reduce the cost and complexity of accounting for goodwill impairment. Read the article from the Summer 2017 GYF Perspectives.  

SMBs Can Navigate to Success with Cloud-Based ERP

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Small and medium-sized businesses often struggle with finding business applications suitable for their needs. Often times SMBs are only left with old school options that support dated accounting systems, constraining their modern day business needs.  With the emergence of cloud-based ERP options,  companies are offered solutions and services better designed for their needs. Read the […]

IC-DISCs Offer Qualified U.S. Exporters Permanent Tax-Savings Opportunity

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As manufacturing and production processes have increasingly left the United States in pursuit of cost savings, Congress has sought to create incentives whose primary aims are business retention and bolstering the national economy.  One such incentive which can offer significant permanent tax savings opportunities is the IC-DISC. A frequently missed tax planning option, the IC-DISC […]

Protecting Your Identity from Cybercriminals

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In an effort to combat identity theft, the IRS and various taxing authorities are now requiring a drivers license number when filing state and federal income taxes. However, even though additional information can provide an extra level of security, it also creates more windows of opportunity for cybercriminals to steal identities. Learn how to protect […]

Internal Revenue Service Provides Guidance to Multiemployer Defined Benefit Plans Seeking to Suspend Benefits

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There are few developments as controversial as cutting back on promised retirement benefits offered through company and multiemployer plans.  The Multiemployer Pension Reform Act of 2014 included provisions allowing for the suspension of benefit payments for retirees and beneficiaries in those plans projected to become insolvent. To protect plan participants, the suspension process, as one […]