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Returning Value Blog

What to Do if Your CFO or Controller Leaves

Posted by Melissa Motley, CPA on Dec 07, 2022

A leadership departure in your accounting department can create turmoil, at least temporarily. However, it also provides an opportunity to assess the department’s performance and create a vision for its future performance. Here are four questions to address if your CFO or controller leaves.

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Posted in Accounting & Outsourcing

The ABCs of Activity-Based Costing

Posted by Jessica L. Pagan, CPA on Feb 04, 2022

Revenue and expenses, as reported on your company’s income statement, have limited usefulness to people inside the organization. Managers often need information presented in a different format in order to make operational and strategic decisions. That’s where activity-based costing comes into play. This costing system is commonly used in the manufacturing and construction sectors to determine which products and customers are profitable, to identify and eliminate waste, and to more accurately price products or bid jobs going forward.

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Posted in Accounting & Outsourcing

Are Gift Cards Really a "Gift" for the Restaurant Industry?

Posted by Nick Wheeler, CPA on Jan 25, 2022

Given the popularity of gift cards among both issuers and recipients, restauranteurs should understand the pros and cons of selling and issuing gift cards.

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Posted in Accounting & Outsourcing

Digitizing the Accounts Receivable Process

Posted by Murry Guy, CPA on Dec 20, 2021

While digitalization continues to take hold of the business world, the billing and collections functions for many organizations remain largely paper-based. Businesses that automate the accounts receivable process may accomplish several operational and financial goals. Here are five key benefits that organizations can unlock when they “go digital.”

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Posted in Accounting & Outsourcing

Building Your Tax Department Bench Strength: Benefits of Tax Co-Sourcing

Posted by Jessica L. Pagan, CPA on Oct 22, 2021

Organizations are faced with the challenge to increase operational efficiency while reducing costs and retaining the personnel they need to be strategic. Talent shortages and the resource drain associated with recruiting, onboarding, on-the-job training, and continuing education have many organizations looking for a more efficient and practical approach. Having the flexibility to allocate resources to align with organizational objectives is imperative. 

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Posted in Accounting & Outsourcing

Forecasting For 2021

Posted by Jessica L. Pagan, CPA on Jan 22, 2021

Planning for what lies ahead is an important part of running a healthy business. Forecasting your company’s financial statements can help you manage inventory and other working capital accounts, offer competitive prices, identify impending cash flow shortages and keep your business on solid financial footing.

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Posted in Accounting & Outsourcing

Health Savings Accounts for Your Small Business

Posted by Murry Guy, CPA on Nov 18, 2020

Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). Or perhaps you already have an HSA. It’s a good time to review how these accounts work since the IRS recently announced the relevant inflation-adjusted amounts for 2021.

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Posted in Accounting & Outsourcing

The President's Action to Defer Payroll Taxes: What Does It Mean for Your Business?

Posted by Murry Guy, CPA on Aug 17, 2020

On August 8, President Trump signed four executive actions, including a Presidential Memorandum, to defer the employee’s portion of Social Security taxes for some people. These actions were taken in an effort to offer more relief due to the COVID-19 pandemic.

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Posted in Accounting & Outsourcing

Businesses: Get Ready for the New Form 1099-NEC

Posted by Murry Guy, CPA on Jul 13, 2020

There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation.

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Posted in Accounting & Outsourcing

Is It Time to Outsource Finance and Accounting?

Posted by Murry Guy, CPA on Jun 25, 2020

Outsourcing may appeal to organizations that are currently struggling with mounting overhead costs during the COVID-19 crisis. By outsourcing, you convert certain fixed overhead costs associated with compensating and supporting employees into variable costs that can be scaled back in an economic downturn — or dialed up in times of growth and transition.

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Posted in Accounting & Outsourcing

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