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Our insights on topics affecting the industries we serve.
Blog
DHW’s blog is your go-to source to hear our firm’s insight on topics that affect not only the accounting industry, but also the industries in which we serve our clients.
Employee Benefit Plan Compliance Testing
It is the fiduciary duty of defined contribution plan sponsors to ensure the plan acts in the best interest of all participants, as opposed to favoring one group or individual. The Employee Retirement Income Security Act of 1974 (ERISA) requires that plans undergo...
Retail Tips for a Successful Back-to-School Selling Season
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...
The Importance of SOC Reports for Plan Sponsors
A System Organization Controls report, or SOC report, is an integral part of an organization’s employee benefit plan. This report details the controls used by a service provider through review, evaluation, and testing. The report is often used by employee benefit...
Keys to Restaurant Success
Nobody ever said the restaurant industry is easy. Beaten up by COVID closures, record-high inflation, and persistent staffing shortages, some operators are just an invoice or two away from hanging up the “Sorry, We’re Closed” sign for good. Even in the best of times,...
A Look at the Construction Industry Today
The Coronavirus pandemic sent many industry workers home and delayed projects over the last few years, including in the construction industry. While the industry did not stop work completely, there was a significant slowdown in projects due to labor and supply chain...
Menu Item Analysis and Categorization for Restaurants
Menu Item Analysis and Categorization is the study of the profitability and popularity of menu items and the impact each has on operations. It requires a thorough understanding of food costs, sales, and the subsequent categorization of items. From there, various...
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