The overall economic outlook is uncertain, costs continue to rise and supply chain disruption persists. How can businesses enable new growth and find competitive advantage?
Cost Optimization Strategies for Resilient Growth

Posted by Michael D. Machen, CPA, CVA on Feb 22, 2023
Posted in Business Advisory
Merger and acquisition activity dropped dramatically last year due to rising interest rates and a slowing economy. The total value of M&A transactions in North America in 2022 was down 41.4% from 2021, according to S&P Global Market Intelligence.
Posted in Business Advisory
CPA firms do more than audits and tax returns. They can also help you with everyday accounting-related tasks, such as bookkeeping, budgeting, payroll, and sales tax filings. Should your organization outsource its accounting needs? Here are five potential advantages to consider when evaluating this decision.
Posted in Business Advisory
There's been buzz about new retirement plan provisions for weeks, and now they're final, bringing about changes to various federal rules and adding flexibility for current and future retirees. The Secure 2.0 Act of 2022, part of the Consolidated Appropriations Act of 2023, includes the following modifications, some of which are immediate and others that will take effect in the future.
Posted in Business Advisory
Real Estate and Construction Industries' Growing Cybersecurity Threat

Posted by Jessica L. Pagan, CPA on Dec 14, 2022
In the last few years, real estate and construction leaders have made great strides to implement new technologies into their regular practices. While these advances have uncovered additional efficiencies, their adoption has created a critical vulnerability: data security.
Posted in Business Advisory
Crypto's Wild Ride in 2022: Understanding What's at Stake

Posted by Nick Wheeler, CPA on Dec 06, 2022
What a difference a year makes. In 2021, cryptocurrency markets reached all-time highs. Broader institutional adoption continued with the likes of BlackRock, Fidelity, JPMorgan Chase, Morgan Stanley, Deutsche Bank, and Goldman Sachs investing in the space and offering their clients crypto assets. Interest in decentralized finance (DeFi) and non-fungible tokens (NFTs) was at an all-time high.
Posted in Business Advisory
If you ask some business owners why they do things a certain way, they might answer, “Because we’ve always done it that way.” But with all the changes that have taken place in the financial and accounting realm, doing things the way you’ve always done them could be costing your business in terms of lost efficiency and profits. Here are five considerations to help modernize your accounting processes and systems.
Posted in Business Advisory
Bookkeeping is essential to running a business. QuickBooks® is one of the most popular software programs for this purpose because it offers numerous features that other programs may not have.
Posted in Business Advisory
Income Tax Considerations for Student-Athletes

Posted by Michael D. Machen, CPA, CVA on Oct 14, 2022
Student-athletes can now enter into name, image and likeness (NIL) contracts for compensation. NIL contracts have major federal and state tax implications, including income tax responsibilities, state nexus, and reporting obligations. How should athletes and their advisors navigate compensation issues related to NIL contracts so that there are no tax surprises? We share valuable insight on the game-changing issues related to NILs.
Posted in Business Advisory
Are Your Risk-Management Practices Keeping Up With the Times

Posted by Melissa Motley, CPA on Sep 15, 2022
Risks abound in today’s uncertain marketplace. Nearly two-thirds of senior finance leaders said that the volume and complexity of corporate risks have changed “mostly” or “extensively” in the past five years, according to a new report published by the American Institute of Certified Public Accountants (AICPA) and North Carolina State University.
Posted in Business Advisory