05.11.21

Remote Auditing: Is It Here to Stay?
Harry Fox

The COVID-19 pandemic has had a big impact on the way companies conduct business and audit firms are no exception. Restrictions on the ability of auditors to physically visit business premises have, in many cases, forced them to adopt remote auditing techniques. Remote auditing is not new. For years, auditors have taken advantage of technology […]

04.30.21

2021 Legal Market: Why This Year Could Mark an Inflection Point
Justin L. Sylvan

It is safe to say that the legal industry has never seen a year like 2020. But, a recent study of the legal market suggests that disruptions to law firm operations could end up being the impetus that the industry needs to finally adapt to the market’s competitive realities.   The 2021 Report on the State […]

04.29.21

Using Data Analytics to Gain a Competitive Edge and Boost Tenant Satisfaction
Joy A. Long

In today’s digital world, individuals and businesses are constantly generating massive amounts of data, providing valuable opportunities to those who understand and can harness it for their benefit. For example, commercial real estate businesses can tap a wide variety of data sources to increase tenant satisfaction and, in turn, improve lease renewals, occupancy rates and […]

04.28.21

Is Your Restaurant Eligible for Employee Retention Credits?

The Employee Retention Credit (ERC) is a valuable tax credit designed to encourage employers to keep employees on the payroll despite the COVID-19 pandemic’s impact on their businesses. The ERC was originally established by the CARES Act, which was enacted in March 2020. A refundable payroll credit, the ERC provides eligible employers with a tax […]

04.27.21

Businesses Provided a Lifeline: CAA Enhances PPP Loans and Extends Employee Retention Credit

The Consolidated Appropriations Act (CAA), that was passed late last year, provides the much-needed stimulus and tax relief for businesses hit hard by the COVID-19 pandemic. Two of the provisions that business owners are most likely interested in are the $284 billion in funding for forgivable loans through the Paycheck Protection Program (PPP), for both […]

04.22.21

Prevent the UBIT Trap of Corporate Sponsorships
Kenneth Tornheim

Landing a corporate sponsorship is an accomplishment, especially in today’s economy. If you do get lucky, you will want to prevent unrelated business income tax (UBIT) from cutting into your new income. If you meet the requirements for a qualified sponsorship payment exception, you should be in good shape. What are the exceptions? Generally, “qualified […]

04.20.21

Is Your Cybersecurity Policy Up to the Task?
James Quaid

Do you have a robust cybersecurity policy to keep your retirement plan safe from cybercriminals? The 2020 Cyber Security Risk Report by Aon finds that, “organizations often have a false sense of confidence regarding data security, particularly when it comes to risks potentially posed by third-party service providers.” The ever-growing magnitude of the threat and […]

04.13.21

Family Businesses: Choosing the Right Exit Strategy  
Frank L. Washelesky

If you own a family business, it is likely one of your largest assets and it might be the most difficult to monetize. How you handle it can have a significant impact on your overall retirement and estate plans. There are a number of different exit strategies for a family business, including transferring to the […]

04.07.21

Keys to Improving Your Revenue Cycle
Kevin Omahen

Revenue cycle management (RCM) is one of the most complex medical office tasks. There are layers of steps involved in the process and roadblocks may be encountered throughout the entire process. Luckily, there are ways to apply the standard principles of professional RCM to improve your office’s ability to get paid in a timely manner. […]

03.29.21

Pooled Employer Plans: A Look at How Small Employers Can Benefit
James Pellino

Employers and retirement plan services providers have had a year to mull over their options since the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 paved the way for the launch of pooled employer plans (PEPs). For small businesses, these new plans may fundamentally change the quality of and access to retirement […]