Updated August 2024 Beginning January 1, 2024, millions of entities registered to do business within the US will become subject to the new Beneficial Ownership Information (BOI) reporting requirements. The Financial Crimes Enforcement Network (FinCEN) has been tasked...
In an economic landscape marked by inflationary pressures, evolving consumer preferences, and thinning profit margins, food manufacturers face a myriad of challenges that demand strategic adaptation and innovation. As the stewards of financial health within their...
As the summer season comes to a close and families start their back-to-school (BTS) shopping, retail’s second busiest season of the year comes at a time when there are extraordinary pressures within the economy that we have not seen in quite some time. Surging...
In November of 2023, the US Department of Labor’s Employee Benefits Security Administration (EBSA) released a report, Audit Quality Study, which is an evaluation of the audit work carried out by independent public accountants on employee benefit plans that are...
Employee turnover often triggers a wave of issues for a company and its human resources department. Even 401(k) retirement plans — one of the most sought-after employee benefits — can be impacted when a substantial number of employees are involuntarily terminated....
Opening or expanding a retail business can be an exciting endeavor filled with opportunities for growth and success. However, amidst the hustle of launching new products, attracting customers, and managing operations, it’s...
Healthcare providers are increasingly in the crosshairs of potentially catastrophic ransomware attacks and data breaches. Locked out from critical files and information, cybercriminals hold the organization hostage while demanding a payment in exchange for a...
While many types of scams occur throughout the year, we generally see a spike in IRS scams during the primary filing season of January through April. IRS scams typically occur when an impostor pretending to work for the IRS contacts an individual by phone, e-mail, or...
Are you ready to embark on the exciting journey of starting your own business? Before diving into the process of setting up a legal entity, obtaining business licenses, signing leases, and securing loans, it's crucial to conduct a thorough self-assessment. Consider...
Introduction In the rapidly evolving landscape of cyber threats, the retail industry finds itself facing unprecedented challenges. The Internet Crime Report from the FBI's Internet Crime Complaint Center reveals a concerning escalation in potential total losses in the...