05.13.20

How Not-for-Profit Organizations Can Tackle Cybersecurity in a Remote Work Environment
Siobhan Climer, Mishaal Khan

Not-for-profits, like most organizations, have transitioned to working remotely during the COVID-19 pandemic. Meetings are being held virtually, with workers connecting to the Internet on home networks using both work and personal devices. This rapid shift to remote work is putting IT systems and data assets at risk, driving not-for-profits to take action to keep […]

05.12.20

Pricing in a Pandemic
Chris Arndt

This is Not a Blog on Price-Gouging This is a guide to pricing in a pandemic. There are two sides to this story. Many of our clients remain in crisis-management due to the COVID-19 pandemic, experiencing a cash crunch in these uncertain times. The majority of businesses likely fall into this bucket. Then, there are […]

05.07.20

Wait! Do Not Leave Your Job Without Your Retirement Account
Peggy Vyborny

When you leave a job, voluntarily or due to a layoff, you are likely to have a lot on your mind. It is all too easy to set aside decisions about your employer-sponsored retirement plan account for another day. But it is usually important to act quickly. Whether you have a 401(k), 403(b) or 457(a) […]

05.06.20

CARES Act Expands Financial Options for Impacted Plan Participants
James Pellino

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed a few weeks ago in an effort to help curb the possible economic stress the Coronavirus pandemic has placed on Americans. The Act was far reaching and included many provisions regarding retirement plans and accounts. Although guidance on the CARES Act continues to come […]

04.30.20

Did You Repair Your Real Estate Property or Improve it?

Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as the so-called repairs were not actually “improvements.” The costs of incidental repairs and maintenance can be immediately expensed and deducted on the current year’s income tax return. But costs incurred to improve […]

04.29.20

Playing Your Cards Right: Can You Defer Taxes on Gift Card Sales?
Christopher Georgiou

Many restaurants sell gift cards that can be redeemed for meals or for merchandise. For tax purposes, these sales are considered “advance payments,” which generally are included in taxable income when they are received. But there may be an opportunity to defer some or all of this income into the following tax year. Are you […]

04.28.20

How to Adjust Your Budget in a Recession
Chris Arndt

With Forbes reporting a massive decline in retail sales, industrial production and manufacturing, it should really be no surprise that Bloomberg declared there is a 100% chance of a recession in the next 12 months. Our Cloud CFO team has always advocated dynamic budgets. Budgets that are more adaptive to market trends force teams to come […]

04.22.20

Get Your Operating Reserves in Order
Caitlin G. Gibbs

The recent tax law has reduced the benefit many taxpayers receive for their charitable contributions, and as a result, has affected the level of donations for many not-for-profit organizations. Combine that with uncertainties about government funding, and it is easy to see that operating reserves are more important than ever for long-term sustainability. Yet studies […]

04.21.20

Why Manufacturers Cannot Afford to Ignore Cybersecurity
Matthew L. Weiskopf

Many manufacturers have a false sense of calm when it comes to cybersecurity. They incorrectly assume their risk of a cyberattack is low because they do not sell products on the Internet or gather credit card information and other sensitive data from customers. It is true that most big data breaches that make headlines focus […]

04.20.20

SECURE Act 101: New Law Changes Plan Policies, Creates Design Options
James Quaid

Defined contribution plan sponsors have some important decisions to make and opportunities to consider in the wake of the enactment of the Setting Every Community Up for Retirement Enhancement (SECURE) Act at the end of 2019. The Act is intended to boost retirement financial security on several fronts. Offering safe harbor for annuities The SECURE […]