Each company’s path toward sustainability is unique but effective environmental, social, and governance (ESG) strategies and programs have something in common — they help companies better navigate uncertainty and cultivate resiliency.
Starting Your ESG Journey: Pave the Way for a Sustainable, Resilient Future

Posted by Michael D. Machen, CPA, CVA on Jun 07, 2023
Posted in Business Advisory
Under the Fair Labor Standards Act, employers with tipped workers can take a "tip credit," which allows them to pay tipped workers less than the federal minimum wage if the employees' tips make up the difference.
Posted in Payroll, HR & Benefits
Most companies spend 20% to 30% of their annual revenue on payroll. The exact amount varies based on the employer's size, industry, staffing, and operational needs. In some industries, such as service, it's not uncommon for payroll to encompass up to 50% of revenue. For other industries, such as manufacturing and food and beverage, it usually takes up no more than 20% to 30%.
Posted in Payroll, HR & Benefits
The Year Ahead in Hospitality: Embracing Opportunities, Mitigating Risk

Posted by Nick Wheeler, CPA on May 26, 2023
Three years after the onset of the coronavirus pandemic, the hospitality industry, like others, is still recovering. Though 2022 saw some significant growth with a public eager to travel for leisure, particularly to locations offering unique experiences, the pandemic has markedly changed business travel patterns and consumer behavior. An ongoing labor shortage and emerging competition from resort hospitality locations have further strained some hospitality markets still adapting to shifting consumer demands.
Posted in Business Advisory
Working capital — the funds your company has tied up in accounts receivable, accounts payable, and inventory — is a critical performance metric. During times of rising inflation and interest rates, managers search for ways to free up cash and eliminate waste. However, determining the optimal amount of working capital can sometimes be challenging.
Posted in Business Advisory
If You're Hiring Independent Contractors, Make Sure They're Properly Handled

Posted by Murry Guy, CPA on May 24, 2023
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures. If you’re among them, be careful that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be an expensive mistake.
Posted in Business Advisory
Traditional business models in many sectors have been disrupted by the COVID-19 pandemic, geopolitical uncertainty, rising costs, and falling consumer confidence. If your company is planning a major strategic shift this year, management may need to comply with the updated accounting rules for reporting discontinued operations that went into effect in 2015.
Posted in Audit & Assurance
Outsourced HR services are designed to streamline functions, reduce expenses and help meet your firm's operational goals. You may hire a third party to oversee some or all of your HR functions, including payroll processing, employee benefits administration, and talent acquisition.
Posted in Payroll, HR & Benefits
Optimizing the Internal Audit Process for Greater Efficiency

Posted by Melissa Motley, CPA on May 11, 2023
In the current economic environment, companies are looking for ways to gain efficiencies within their Internal Audit processes and procedures. The use of Technology and Data Analytics have transformed the Internal Audit function by enabling:
Posted in Audit & Assurance
Preparing for Healthcare's Regulatory Environment Shift

Posted by Michael D. Machen, CPA, CVA on May 10, 2023
Healthcare providers are approaching a major regulatory shift. On May 11, the Federal Public Health Emergency (PHE) for the COVID-19 pandemic will lapse, ending or sunsetting regulatory changes which greatly benefited providers during the pandemic.
Posted in Business Tax