Bartering Is a Taxable Transaction Even If No Cash Is Exchanged By: David M. Reape If your small business is strapped for cash (or likes to save money), you may find it beneficial to barter or trade for goods and services. Bartering isn’t new — […]
Making the Most of Your Nonprofit’s Social Media Accounts By: Helen Weeber When was the last time you examined your non-profit’s social media strategy? Are you using the proper platforms in the most effective way for your mission, audience, and personnel resources? […]
Can Your Manufacturing Company Benefit From the Work Opportunity Tax Credit? By: Cheryl Lanese The search for skilled workers in the manufacturing industry continues. According to the US Bureau of Labor Statistics, over 600,000 manufacturing-related jobs were available in December 2023. The Manufacturing Institute, an […]
Tips for Investigating Employee Fraud Tips By: Anthony LaNasa Occupational fraud is a crime typically committed by employees against their employers. Ironically, employees are also more likely to recognize or suspect occupational fraud schemes perpetrated by coworkers or managers. […]
Making a Nonprofit Mission Drift Official By: Helen Weeber Mission drift is common in non-profit organizations, especially those that have been operating for a long time. Your local community has most likely evolved, the needs surrounding your mission may […]
BOI Reporting Update & SCAM Alert! By: Susan Kornatowski Most small businesses in the US must now report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCen), or face noncompliance penalties. Those who have an ownership […]
HW&Co. Named a 2024 Top CPA Firm by Accounting Today HW&Co. is pleased to announce it has again been included on the list of Top Firms in the Great Lakes Region by the accounting profession’s leading trade publication, Accounting Today. […]
Better Tax Break When Applying the Research Credit Against Payroll Taxes By: David M. Reape The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit […]
Segmented Income Statements Can Help Enhance Manufacturers’ Profitability By: Daniel Kaminski Most manufacturers publish company-wide income statements. But have you explored delving further into your data using a segmented income statement? If properly developed, a segmented version of this report could […]
Plan Now to Reimburse Staffers, Board Members and Volunteers By: Helen Weeber Even if your nonprofit rarely has to reimburse employees, board members, or volunteers, reimbursement requests will likely arise at some point. Do you know how to reimburse stakeholders for expenses […]
Preventing Fraud Losses Across Multiple Business Locations By: Anthony LaNasa If your company has several locations (such as with retail or restaurant chains), you have unique fraud-prevention concerns. After all, you cannot be everywhere at once. The more establishments you […]
Arm Your Nonprofit Against Financial Threats By: Helen Weeber Whether it’s inflation, trouble finding staffers in a tight labor market or cybersecurity, nonprofit leaders have a lot to worry about. If making financial forecasts is more difficult than usual, […]