Insight Tag: Business Advice
Article
The GASB Approves Statement No. 103 on the Financial Reporting Model
In its April 2024 meeting, the Governmental Accounting Standards Board (GASB) approved the issuance of Statement No. 103 regarding changes to the financial reporting model. The new standard will revise and build upon the requirements in GASB Statement No. 34. The full standard will ultimately be published on the GASB’s website. Key changes in the … Continued
Article
Understanding Net Asset Classifications: A Key to Financial Clarity
Not-for-profits play a vital role in addressing community needs, relying primarily on donor generosity. Effective financial management hinges on accurately tracking asset restrictions, which are critical for decision-making. This article outlines net asset classifications, highlights best practices for their management, identifies common challenges, and suggests resources for future guidance.
Jun 26, 2023
Article
No Small Decision: ERP Systems – from Selection to Implementation
Every manufacturing company aims to stay ahead of the game in terms of managing resources effectively.
Article
Harnessing the Power of Artificial Intelligence: How Businesses Can Benefit from AI While Mitigating Risk
Artificial Intelligence (AI) has become a buzzword in the tech industry, and with the emergence of platforms similar to Chat GPT, AI is becoming more accessible to businesses of all sizes.
Article
When a Plan Comes Together: Business Succession Strategies
While your business may not look exactly as it did before, it may be the right time to rekindle those tabled discussions about the long-term future of your business.
Article
Cash is King: Forecasting & Managing Cash Flow
Below are some Key Performance Indicators (KPIs) to monitor along with other considerations to help you manage your business’s most important asset.
Blog
Healthy Headspace in the Workplace
Employers are in the driver’s seat when it comes to implementing mental wellness strategies in the workplace and offering a preventative approach to employees’ mental health.
May 9, 2024
Newsletter
Benefit Insights | Spring 2024
These provisions allow an employer to withhold deferrals from the employee's pay without the employee making an election. By utilizing automatic enrollment, an employer can boost participation while simultaneously simplifying the enrollment process.
Feb 8, 2023
Newsletter
Benefit Insights Newsletter | Winter 2023
The effective date of enactment for SECURE 2.0 Act of 2022.
Details on effective for Plan years beginning on or after 1/1/23, 1/1/24, 1/1/25 for SECURE 2.0.
Year-End Data Requests.
Action items for SECURE 2.0 coming soon.
Upcoming Deadlines for Calendar-Year Plans.
Feb 7, 2023
Newsletter
Plain & Simple | Winter 2023
As you gear up for business in 2023, take a look at recent history to understand the changes and challenges businesses have faced: Inflation, supply chain interruptions and delays, rising interest rates, the threat of recession, and global instability. So how do we respond to the unknowns and prepare ourselves to be successful in a challenging environment? We wanted to highlight key business trends to consider for your business model.