Blog Posts

How Retailers Can Increase Sales

How Retailers Can Increase Sales

One of the most common concerns that I hear when working with retailers is that “we need more sales!”  Of course, but sales are just one component of determining overall profitability as “costs” can also dictate whether a retailer makes or loses money.  Retailers are...

Federal Excise Tax Considerations for Your Dealership in the New Year

Federal Excise Tax Considerations for Your Dealership in the New Year

As we begin the new year, I always recommend that our dealer clients take time to reflect and reassess the prior year and try to determine any areas where efficiencies could be achieved, and perhaps more importantly, revisit policies and procedures that could help...

Tips to Prevent Foreign Object Contamination in Food Manufacturing

Tips to Prevent Foreign Object Contamination in Food Manufacturing

One of the biggest fears of any food manufacturer is the risk of foreign object contamination of their products.  Yet, it seems that there is not a week that goes by without news of another recall related to some type of contamination or issue related to a foreign...

Audit Communications to Plan Sponsors More Robust Under SAS 136

Audit Communications to Plan Sponsors More Robust Under SAS 136

The AICPA’s Statement on Accounting Standards No. 136 (SAS 136) will meaningfully change the audit process for defined contribution plan sponsors. The AICPA issued SAS 136 in July 2019 with the goal of giving readers of the audit report a better understanding of the...

Why Do Small Businesses Fail?

Why Do Small Businesses Fail?

There is nothing like the excitement of starting your own business and being your own boss.  Branching out on your own can be extremely rewarding however, it can also bring many challenges from a financial and operational perspective. In fact, according to data from...

Internal Fraud – Ideas on How to Protect Your Company

Internal Fraud – Ideas on How to Protect Your Company

One of the most devastating issues that a company can face is internal fraud.  I’ve seen this impact the smallest and the biggest of companies.  Either way, the emotional, operational, and financial disruption that follows these incidents can be a challenge for...

What Manufacturers Can Learn from the Pandemic

What Manufacturers Can Learn from the Pandemic

The past 18 months have been a challenge and undoubtedly created some form of disruption for just about any type of business due to the pandemic.  However, for manufacturers, the pandemic has created a unique challenge as the availability of labor, raw materials, and...