News

OK, we all know the cow is out of the barn as far as personal data goes.  So, what can we expect as backlash from the bad guys (or girls)? A freeze on your credit info is certainly a good start but understand that this will not keep them from trying other ways to scam […]

The traps and pitfalls in a company sale and the horror stories about the failures of the naive are innumerable.  How do you, as the bible says, gird your loins to prepare for such an event?  Expert advise is the best place to start and we would be happy to kick start that for you

Who’d have thought but leave it to our friends at the IRS to live up to the mantra…”It’s complicated”. Take a look at this article outlining the conditions and rules that apply.

States in this country are dying for cash and are overturning every stone to grab more.  Here’s an update from BDO on the efforts of a number of states’ efforts.  If you do business in multiple taxing districts or states, let us know if we can help you navigate the landmines.

Incredible as it may seem, very few business owners take the time or find the CPA experienced in identifying all the ways to save on taxes that the Fed and states lay out for them.  Check out this story from Inc. on the 9 most common tax saving misses that may work for your business.

For years it was OK to do things the same way your daddy/mamma and his daddy/mamma ran your wholesale operations.  We’re are not saying you need to become an Amazon but the realities are that you should step back to see where operational efficiency can be made.  That is, before your competition does. Read here

Face it, other than theft, there’s no faster way to slide into the red in a restaurant than through poor inventory management.  There are basics that every operator need to follow as our friends at Skoda Minotti, a sister firm in the BDO Alliance USA, points out in this blog post.

The great news is you have generous donors of really good items.  The challenge is to account for those in a way that comply with accounting standards and related guidance for gifts-in-kind.  Click here for guidance from the AICPA on managing this task.

With 60% of the nonprofit organizations operating on less than 12 months of liquidity, how can your organization adjust to insure long-term viability?  See this article from BDO USA for more info.