12.11.24

Working Capital Plays a Critical Role in Mergers
Luca Rajola Pescarini

The amount of working capital in an acquisition target has a direct impact on the ultimate purchase price. Understanding its role — from initial due diligence through negotiations to the post-closing “true-up” — early on can help both the buyer and the seller achieve a successful transaction without post-dispute litigation or distraction. Working Capital Basics […]

11.21.24

How Law Firms are Making Hybrid Work Environments Work
Joy A. Long

The COVID-19 pandemic broke the barrier to remote work for many lawyers and staff. While some firms have returned to the office, many others have continued to work remotely in some form. This blog shares some best practices to make or keep a hybrid work environment successful. Working Advantages Most law firms that allow a […]

11.20.24

What You Need to Know About New Overtime Rules
Sarah G. Widlock

The U.S. Department of Labor (DOL) released a new final rule in the spring of 2024 changing the salary threshold for determining whether employees are exempt from federal overtime pay requirements under the Fair Labor Standards Act (FLSA). Although the new rule took effect July 1, 2024, opponents have already filed litigation challenging it. Here […]

11.15.24

Kitchen Display Systems Boost Efficiency, Enhance Customer Experience
Joy A. Long

Today, most restaurants are searching for ways to streamline their operations, improve customer satisfaction and cope with a shortage of skilled workers. A kitchen display system (KDS) can help on all counts. These systems offer many significant benefits, including increased efficiency, less errors in customer order and food waste. All of these benefits lead to […]

11.12.24

Employee Benefits Plans: Preparing for Your First Audit
James Quaid

The federal Employee Retirement Income Security Act (ERISA) generally requires employee benefit Plans (EBPs) with more than 100 participants who have account balances at the beginning of the Plan year to undergo an independent audit. Here is what you need to know if you are facing your first EBP audit. The Basic Requirement Plan Sponsors […]

11.04.24

Understanding Your Financial Statements
Kevin Omahen

There are two main financial statements involved in every Practice, an income statement and a balance sheet. Both statements paint a completely different picture and understanding the basics of each is important when you are evaluating past performance and planning for future performance. Income statements For medical practices that generate them regularly, P&L statements provide […]

10.31.24

Is it Time to Hire a CFO?
Jeffrey Chiles

Let’s face it: Most not-for-profits are founded on a passionate belief in service. This does not always include a passion for numbers. To fill this gap in financial expertise, not-for-profits often hire chief financial officers (CFOs). However, do all not-for-profits — including small organizations — need one? CFO defined Generally, the CFO (or “director of […]

10.30.24

Your Estate Plan Needs to Reflect Life Changes
Peggy Vyborny

Estate planning is not a “set it and forget it” proposition. You should review your plan regularly and update it to reflect changes in your personal or financial circumstances. Personal and financial shifts Perhaps your net worth has substantially increased or decreased or you have acquired or disposed of valuable assets. If you got married, […]

09.30.24

Build a Diversified Portfolio to Reduce Risk — and Mental Stress

Diversification is a key strategy for managing risk in an investment portfolio, based on the philosophy that you should not put all your “eggs in one basket.” By spreading investments among asset classes, industries, sectors, geographical areas or other criteria, you are more likely to own securities that perform differently under different market conditions. However, […]

09.30.24

How Cross-Training Creates a More Productive and Flexible Workforce
Harry Fox

Manufacturers continue to struggle to find qualified workers, so any strategies for improving employee retention are welcome. One such strategy is cross-training. Done right, it can enhance productivity, facilitate process and product improvements, improve customer service and increase profitability. Employee benefits Cross-training simply means training employees to perform tasks outside their normal responsibilities. The potential […]